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August 18, 2017
The modern IT infrastructure has grown more complicated just from the sheer volume of choices available to the modern accounting firm. The majority of CPAs have adapted to cloud computing models and are applying these models in new ways to shift old school business structures to accommodate these new workflows.
But some accountants are still expressing reluctance to move to the cloud. They suggest that the public cloud is too open to security issues that cannot be addressed when you share servers with a number of other businesses. For these organizations, a private cloud may be an option to consider. It affords the same scalability and self-service options as the public cloud, but your storage and access are devoted solely to your business model.
This post explores the different cloud models and when a private cloud option could be the right choice for CPAs.
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Public versus Private Cloud – Which is Better for Your Firm?
Hosting your services in the public cloud means that an Internet service provider (ISP) such as Amazon Web Services shares a computing architecture across multiple non-related businesses or users.
A private cloud takes a portion of data storage and carves it out exclusively for your business. There is a single tenant in this infrastructure, and these cloud services are typically managed by an external IT team.
Private clouds typically work well for the large enterprise-level CPA firm with:
While it’s true that private cloud models would be overkill for the average accounting firm, hybrid models that incorporate a little bit of the best of private and public models, are also available.
But how will you know if the private cloud is right for your firm? Here are some of the plusses and minuses of the private cloud:
Private Cloud for Your CPA Firm
Intuit tells us that by 2020, more than 80% of even the smallest firms, will have migrated all or part of their services to the cloud. It’s clear that cloud computing provides a variety of benefits, including access to data, flexibility and scalability, lower cost, and much more.
How you connect to the data, where it is stored, and who manages it are concerns the average CPA firm must address. TOSS C3 can help. Request a quote on private cloud services today!
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