The migration of accounting applications into a Cloud computing model is being avoided by businesses, according to Quentin Pain, chairman of Accountz. This is the direct result of concerns over security and data ownership.
“Research from the Cloud Industry Forum – the leading lobbyists for the cloud – show that 48 per cent of businesses are already using the Cloud in one form or another. But look closer and you will see that business is simply not willing to migrate accounting applications,” stated Quentin. “Anything financially sensitive remains firmly on the ground!” he added.
“Of the 38 per cent of companies already using the Cloud today, only 20 per cent of them are using it for accounting apps.” added Quentin. “We have listened to our customers on this issue and that’s why we provide them with a secure, desktop solution.”
According to the research of the 218 companies that are already using the Cloud only 20 per cent are using it for finance and accounting applications
This figure rises to 29 per cent amongst SMBs, falls to 20 per cent in the 20 to 200 employee category and collapses to 15 per cent in larger enterprises
Only 10 per cent of public sector organisations are using cloud computing for accounting apps
The research, conducted in the first two months of 2011, polled 450 senior IT and business decision-makers in enterprises, small-to-medium businesses (SMBs) and public sector organisations; as well as 200 respondents from the channel.
“Our customers – which include tens of thousands of businesses are telling us they have anxieties about data security, privacy and data ownership. And guess what, the Cloud Industry Forum’s research tells a similar story: 41 per cent of the participants did not want their data hosted outside Britain and this percentage exceeded 50 per cent for smaller businesses and the public sector,” added Quentin.