Tag: Cloud

  • Sage One Accounting: How to be Know

    Sage One Accounting: How to be Know

    Discover how Sage One Accounting simplifies financial management for small businesses with its user-friendly interface, invoicing tools, and cloud accessibility. Get insights into features, benefits, and a step-by-step guide to get started!

    An Introductory Guide to Sage One Accounting

    When it comes to managing finances for a business, using the right accounting software is key. Sage One Accounting, also known as Sage Business Cloud Accounting, is a tool that can drastically simplify your accounting tasks. Whether you are a small business owner or an accountant, understanding how this software works could help you take control of your financials.

    What is Sage One Accounting?

    SageOne Accounting is a cloud-based software designed explicitly for small businesses. Its aim is to make accounting simple and efficient. With this software, you can track income, expenses, and generate financial reports—all in one place.

    Sage One also offers features that help manage invoicing, payments, and cash flow. It brings convenience to users by enabling access from any device with internet access.

    Key Features of Sage One Accounting

    Here are some essential features of Sage One Accounting that users love:

    1. User-Friendly Interface

    Sage One has a straightforward design. Users can easily navigate through its various functions, which is great for those who may not be tech-savvy.

    2. Invoicing Tools

    Create invoices with just a few clicks. You can add your company logo, customize templates, and send invoices directly to clients. According to Sage, using their invoicing tool can streamline payment processes.

    Did you know? Approximately 32% of small businesses struggle with overdue invoices. Having an efficient invoicing system can really make a difference.

    3. Expense Tracking

    Sage One allows you to record expenses on the go. This means you won’t lose track of small purchases that could add up over time.

    4. Financial Reports

    Generating financial reports is fast and easy with Sage One. You can create profit and loss statements, cash flow statements, and balance sheets to understand your financial standing better.

    5. Collaboration Features

    You can invite accountants or team members to collaborate. This feature ensures that your financial team stays connected and informed.

    6. Mobile App

    Sage One Accounting now offers a mobile app. This allows you to manage your finances, send invoices, and track expenses anytime, anywhere.

    Benefits of Using Sage One Accounting

    Using Sage One comes with several advantages:

    1. Cloud Accessibility

    Since it’s cloud-based, you can access your information anytime, anywhere. This flexibility means you can work on your accounts during your morning commute or at home.

    2. Time Efficiency

    Automating repetitive tasks helps save time. By managing your finances online, you can focus on other essential areas of your business.

    3. Cost-Effective for Small Businesses

    For many small business owners, affordability is crucial. Sage One offers various pricing plans that allow managers to choose what works best for their budget.

    4. Better Financial Insights

    Regular financial reports provide a clear view of your business. This clarity leads to smarter decision-making, which can boost profitability.

    5. Robust Security Features

    As sensitive information is stored online, Sage ensures high-level encryption and security protocols to keep your data safe.

    How to Get Started with Sage One Accounting

    Starting with Sage One Accounting is straightforward. Here’s a simple step-by-step guide:

    1. Create an Account

    Go to the Sage website and sign up for an account. You may start with a free trial to see if Sage One fits your needs.

    2. Set Up Your Preferences

    After signing up, customize your profile. You can add your business details—like your logo, currency, and payment preferences.

    3. Import or Enter Data

    You can import existing data if you use another program. Alternatively, you can start fresh by manually entering your financial information.

    4. Start Using Features

    Once everything is set up, begin exploring different features. Try sending an invoice, receiving a payment, or generating a financial report.

    Comparisons with Other Software

    While Sage One Accounting offers fantastic features, it’s wise to consider other accounting software too. Here’s a quick comparison:

    • QuickBooks: Larger companies prefer this because it has advanced functionalities.
    • Xero: Xero is popular for its user-friendly design and integration capabilities.
    • FreshBooks: This tool is often favored by freelancers for its robust invoicing features.

    User Support and Resources

    Sage offers numerous resources for resolving issues. Their website has an extensive help center including:

    • Help Articles: These articles explain different features and answers standard questions.
    • Community Forums: Join discussions with other users to find solutions together.
    • Customer Support: Reach out to Sage’s support team for personalized assistance.

    Conclusion

    Sage One Accounting simplifies the accounting process for many! Its user-friendly interface and range of features make it attractive for small business owners. Plus, with cloud accessibility, you can manage your finances any time you choose.

    If you are looking for affordable and efficient ways to keep track of your company’s financial health, give Sage One a try. With an easy setup process and reliable support, getting started might just be simpler than you think.

    Ready to simplify your financial management? Explore more on Sage One Accounting here.

    Frequently Asked Questions (FAQs)

    1. What is Sage One Accounting?

    Sage One Accounting is a cloud-based accounting software designed specifically for small businesses. It helps users manage their financial operations by tracking income, expenses, generating reports, and more, all accessible from any device with internet access.

    2. How much does Sage One Accounting cost?

    Sage One offers various pricing plans to suit different budgets. It’s advisable to visit the Sage website for up-to-date pricing information and to explore any available free trials.

    3. Is there a mobile app available?

    Yes, Sage One Accounting provides a mobile app that allows users to manage their finances, send invoices, and track expenses anytime, anywhere.

    4. Can I import data from other accounting software?

    Yes, Sage One allows you to import existing financial data from other accounting programs. You can also manually enter data if you prefer to start fresh.

    5. What kind of financial reports can I generate?

    With Sage One, you can generate various financial reports, including profit and loss statements, cash flow statements, and balance sheets, to gain a clearer understanding of your business’s financial standing.

    6. Is there customer support available?

    Yes, Sage provides extensive support resources including help articles, community forums, and direct customer support for personalized assistance.

    7. Can multiple users collaborate on Sage One Accounting?

    Absolutely! Sage One offers collaboration features that allow you to invite accountants or team members to join in managing your financials together.

    8. How does Sage One ensure data security?

    Sage One Accounting employs high-level encryption and security protocols to protect sensitive information stored online, ensuring your data remains safe.

    9. Is it suitable for freelancers?

    Yes, Sage One is beneficial for freelancers as it includes robust invoicing tools and expense tracking features that can help manage finances effectively.

    10. How do I get started with Sage One Accounting?

    To get started, visit the Sage website, create an account, set up your preferences, and begin exploring the various features available to manage your finances efficiently.

  • Cloud Accounting Simplified: The Ultimate Guide

    Cloud Accounting Simplified: The Ultimate Guide

    Learn about cloud accounting with our guide. Discover essential information to manage financial transactions & records online & optimize collaboration with your team and accountant. Essential info for small business owners & freelancers.

    Cloud Accounting Simplified: The Ultimate Guide

    Welcome to the ultimate guide on cloud accounting! Whether you are a small business owner, a freelancer, or just interested in learning about accounting in the cloud. This guide will provide you with all the essential information you need to know.

    Cloud Accounting Simplified Image
    Photo from ilearnlot.com

    What is Cloud Accounting?

    It is a modern approach to managing financial transactions and records using online software and storage. Instead of relying on traditional desktop-based accounting software. They allow users to access their financial data securely from anywhere with an internet connection.

    Benefits of Cloud Accounting

    1. Accessibility: With accounting, you can access your financial data and perform accounting tasks from any device with an internet connection. No need to be tied to your office desk!
    2. Real-Time Collaboration: It software enables multiple users to access and update financial data simultaneously, making collaboration with your team and accountant seamless.
    3. Data Security: Its solutions prioritize data security, often implementing advanced encryption and backup measures to protect your financial information.
    4. Automatic Updates: Forget manual software updates! Its software is typically updated automatically, ensuring you always have the latest features and security patches.
    5. Cost-Effective: It eliminates the need for expensive hardware and IT infrastructure. You can subscribe to a cloud accounting service that suits your needs and pay a reasonable monthly fee.
    1. QuickBooks Online: A widely used cloud accounting software known for its user-friendly interface and comprehensive features.
    2. Xero: Another popular option that offers a range of accounting and bookkeeping tools designed for small businesses and freelancers.
    3. Zoho Books: Zoho’s cloud accounting software is known for its scalability and integration with other Zoho products.
    4. Wave: Ideal for small businesses and freelancers, Wave offers free accounting software with basic features and affordable paid options.

    Getting Started with Cloud Accounting

    1. Choose the Right Software: Consider your business needs, the software’s features, pricing, and user-friendliness. Sign up for a trial or demo to test it out before committing.
    2. Set Up Your Account: Provide necessary information and customize your account settings, such as adding your company logo, bank account details, and tax information.
    3. Import or Enter Data: Most accounting software allows you to import existing financial data or start from scratch by manually entering transactions.
    4. Explore Features: Familiarize yourself with the software’s features, such as invoicing, expense tracking, bank reconciliation, and reporting. Take advantage of tutorials and customer support.
    5. Integrate with Other Tools: Streamline your workflow by connecting your accounting software with other business tools like CRM, project management, or payment processors.
    6. Collaborate and Share Access: If you have a team or accountant, grant them access so they can collaborate with you in real-time.
    7. Regularly Review and Reconcile: Ensure accuracy by reviewing your financial data regularly, reconciling bank accounts, and generating financial reports for analysis.

    Conclusion

    Cloud accounting simplifies financial management and provides accessibility, security, and collaboration benefits. By choosing the right software and following best practices, you can streamline your accounting processes and focus more on growing your business. Also, understanding A Comprehensive Guide to Workflow Management.

    Remember, if you ever need assistance or have questions about cloud accounting, feel free to consult with a certified accountant or refer to the resources provided by your chosen software provider. Happy accounting in the cloud!

    Note: This guide is for informational purposes only and should not replace professional accounting advice.

  • How to know Service Oriented Application Development

    How to know Service Oriented Application Development

    Service Oriented Architecture (SOA) Development, is an architectural approach where application components use a collection of services that are available in a network to communicate with each other. SOA allows services to communicate either to pass data or to coordinate a movement. It is a distributed systems architecture approach that uses loosely coupled assistance, standardized interfaces, and protocols to deliver seamless cross-platform integration.

    Service Oriented Application (SOA) Development: How to be Know

    SOA allows for the integration of widely disparate components by providing a common interface and set of protocols for these components to communicate via what is known as a service bus. In business terms, SOA is an IT architecture service that supports the integration of your business as linked and repeatable business tasks or services. Also, The structural design of SOA ensures there is an alignment between the business requirements and the technological solution.

    Service-oriented architecture, or SOA, is a phase in the development or integration of applications. Also, It defines a method for making software components reusable through the use of interfaces.

    In its most basic form, SOA allows applications to take advantage of services available on the network. These services are provided through network calls over the Internet. Using common communication standards, SOA facilitates the rapid and efficient integration of services in applications.

    Each service in SOA represents a complete business function. Their services publish in a way that makes it easy for creators to build their applications using those services.

    Unlike microservice architecture, SOA allows users to integrate a large number of services from existing services to create applications.

    They encompass a collection of design principles that organize system development and supply the means for the integration of components into a cohesive and decentralized system

    SOA-based computing packages function as a collection of interoperable assistance that can integrate into various software systems belonging to different company domains.

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    Roles of Service-Oriented Architecture (SOA)

    Service Oriented Architecture make up of three main roles: Service Provider, Service Broker, Service Registry, and Service Requester/Consumer. The Service Provider is responsible for managing the service and working with the registry to decide what services to offer, like security, access, pricing, etc. They also decide which services to offer and if any trading agreements need to make. 

    The Service Broker is responsible for providing information about the service to those who request it, and the scope of the Broker determine by who implements it. The Service Consumer is responsible for finding entries in the Broker Registry and then connecting them to the Service Provider. They can access multiple services, but it depends on their ability to do so.

    Components of Service-Oriented Architecture (SOA)

    The components of an SOA are as follows:

    • The Application Frontend: Provides value to end-users by initiating and controlling all activity in the enterprise system
    • The Service: Provides a high-level software concept for the service
    • The Contract: Specifies the purpose, function, limitations, and usage of the services
    • The Interface: Provides the functionality of the service to end-users
    • The Service Implementation: Provides the necessary business logic and relevant data
    • The Business Logic: Business process represented by a service
    • The Data: Data represented by the data in the service
    • Service Repository: Represents the services and allows for the discovery of the service’s operation access right, owner, quality, etc
    • Service Bus: Flexible infrastructure for the integration of applications and services

    The Service Bus Routing message, The Transfer Protocol between Requestor and Service

    The Handling of Business Events, The Management of QoS, Security, and Interactions between Services

    Why is Service-Oriented Architecture (SOA) important and what benefits?

    Service-oriented architecture (SOA) has many benefits, especially for web service-based businesses. Here are a few of the main benefits of SOA.

    • Language-neutral integration: No matter what language is being designed, the system offers and invokes benefits through a shared tool.
    • Part reuse: Once an organization builds an application component, it can offer it as a service to the rest of its organization.
    • Agility: Agility is inherent in almost every aspect of an enterprise. Whether it’s a simple algorithm, software component, solution, platform, or process, there’s a certain degree of agility in how they are built, placed, and used.
    • Operating an existing system: One of the main uses of SOA is to categorize elements or functions in current applications and open them up to the organization or business.

    Advantages of Service-Oriented Architecture (SOA)

    The main Advantages of SOA are as follows:

    • Reuse of services: Applications created from existing services, so can reuse to create many applications.
    • Ease of maintenance: Since services are independent of each other, they can easily update and modifies without impacting other services.
    • Autonomy of forum: They allow for complex applications to assemble by combining services chosen from additional sources, independently of the forum.
    • Availability: SOA facilities can easily access by anyone on request.
    • Reliability: SOA apps are more reliable because they are easier to debug small services than large codes.
    • Scalability: SOA services can run on multiple servers within the same environment, increasing scalability.

    Disadvantages of Service-Oriented Architecture (SOA)

    The main Disadvantages of SOA are as follows:

    • High overhead: All inputs square measure their validity before sending them to the service
    • Verification of input parameters: Every time services interact, it reduces performance as load and response times increase
    • High expense: They require huge investments in technology, development, and humanitarian aid. The high initial investment in SOA
    • High Service Management: Millions of messages interact in milliseconds, so SOA requires complex service management systems and high bandwidth servers

    When services interact, they send messages to tasks, The number of messages can go into millions

    Application of Service-Oriented Architecture (SOA)

    Following are the service oriented application development and applications briefly mentioned below:

    SOA is used by defense forces to provide situational awareness capabilities. For instance, the US Air Force Space Chief of Staff recently announced the launch of new space-based situational awareness capabilities.

    Healthcare Delivery

    The healthcare sector is in dire need of good information technology to stay up-to-date with the latest care and protocol developments.

    Mobile App

    In today’s world, many mobile applications use built-in functions to run their games. For instance, an app may need GPS, so it will use the built-in GPS functions on the device.

    Practical Application

    SOA can use in many different ways around us, whether we know about it or not. Many military and air forces use SOA infrastructure to provide situational awareness capability.

    Museums

    SOA helps maintain museums by providing a virtualized pool of information and content.

    Example of Service-Oriented Architecture (SOA)

    Here are a few examples of service oriented application development in action:

    • First Citizens Bank: Provides services not only to its customers but also to approximately 20 other institutions, such as check imaging and check processing; outsourced customer service; and “bank in a box” for providing community-sized banks with everything they need to operate.
    • Thomson Reuters: Provides business intelligence information to businesses and professionals and maintains a stable of approximately 4,000 services which it makes available to third-party customers.
    • McDonald: The only competitive advantage that large enterprises still have is SOA, according to the Chief Information Officers (CIOs) of Walmart, Best Buy, and McDonald’s.
    • Indian Air Force Space: Deploys the new space-based situational awareness systems on the SOA-based infrastructure.

    Cloud Computing of Service-Oriented Architecture (SOA)

    The following service oriented application development in Cloud Computing below are;

    First, let’s be clear that Service Oriented Architecture (Saa) can work in conjunction with or independently of cloud computing. More and more companies are moving their file storage into the cloud, so it makes more sense to use both cloud computing and Saa together.

    In short, using SaaS in cloud computing means that users can quickly and easily implement services that tailor to their client’s needs “without consulting an IT department”.

    One of the drawbacks of using Saa in the cloud is that some aspects of Saa do not evaluate. For example, security and availability are often left to the service provider’s discretion.

    One of the biggest challenges that businesses face when utilizing SOA in the cloud is the integration of legacy data and systems. It is also important to remember that not every aspect of IT can outsource to the cloud and that there are still some things that must do manually.

    Service Oriented Application (SOA) Development How to be Know Image
    Service Oriented Application (SOA) Development: How to be Know; Photo by Dids.
  • Largest 5 Top Free Online Cloud Providers

    Largest 5 Top Free Online Cloud Providers

    Where are the free top 5 Online Cloud providers? Is there any permanent free cloud server? For some business needs, we want to save operating costs and need short-term free cloud servers or other cloud products. Or before we prepare to formally choose a cloud service provider. We can first experience the stability of its products and then formally choose a merchant to use cloudenhancer.com.

    Here are the articles to explain, the largest 5 top free online cloud providers

    At present, the competition between domestic and foreign cloud service providers is still relatively large. We can see that all major service providers have launched free accounts one after another.

    For example, we can see that some service providers provide a 7-30-day refund guarantee for no reason, some provide free 1-3-month accounts, and some merchants provide free 12-month free accounts. In this article, the author is going to sort out the top 5 free online cloud provider products provided by mainstream service providers at home and abroad and compare them to see which ones are more generous.

    Amazon cloud free

    Amazon Cloud, as the name suggests, comes from the well-known e-commerce company Amazon. There may not be many choices among domestic users. After all, there was only an international version before. Which is not very suitable for our domestic users in terms of language and usage habits. However, with the rise of foreign trade e-commerce, including Amazon Cloud’s entry into domestic localization operations. Now Amazon Cloud supports Simplified Chinese, and the choice and experience are much better than before.

    In fact, in the early years, we should all know that Amazon Cloud provides free qualifications for new customers. Provide 750 hours or 12 months of free cloud servers, and provide free experience services for 100+ cloud products such as databases, storage, and virtual private servers. If we want to experience it, we can apply, and we need to activate it with a dual-currency credit card. If you can use it, you can renew it later or use a premium package.

    Google Cloud free

    Cloud products from Google. For new customers, there are also free experience qualifications, and more than 20 kinds of experience products are provided. Unlike Amazon Cloud, Google Cloud provides a $300 account balance for new customers after activation, and it can be used for three months. If it is not used up by the expiration date, it will expire and become invalid. This method of gifting balances for new registrations is also relatively common among some hosting providers. For example, merchants such as Linode and VULTR have new registrations to give experience money.

    Alibaba Cloud International Free

    Alibaba Cloud International is also qualified to provide free cloud servers and other cloud products, and there are about 50 products. For example, there are two three-month cloud servers, one three-month 2G lightweight server, one-month Wuying cloud desktop service, one-month relational database, one-month object storage, and other products. Relatively speaking, the experience cycle is relatively short. Alibaba Cloud International’s free experience qualification is slightly longer than that of Alibaba Cloud China.

    HUAWEI Cloud free

    In the past two years, HUAWEI CLOUD has also begun to enter the public individual and enterprise users. Who used to do government and enterprise business. There are 10+ cloud services available. For example, there are 1500 hours of elastic cloud server ECS, elastic public network IP, and cloud hard disk EVS. If we have completed enterprise certification, we can get 1700+ USD worth of rights and interests. Relatively speaking, HUAWEI CLOUD has relatively few cloud products, but they can meet the needs of mass users.

    Tencent Cloud free

    Tencent Cloud is eligible to provide a free new account experience, but it needs to be mentioned here. If we experience free qualifications, it may affect our new customer promotions. Because the discount for the first order of Tencent Cloud’s new customers is relatively large. Tencent Cloud has different degrees of preferential treatment for new customers and enterprises, and of course, the preferential treatment for enterprises will be greater. There are cloud servers that are free for three months. 6 months of COS object storage and one month of a cloud database. Support 90+ free products to experience.

    Conclusion

    Selected the above top 5 free online cloud providers mainstream merchants from many products that provide free cloud services, and introduced the free trial accounts provided by these merchants. From these merchants, we can see that the free experience qualifications provided by Amazon Cloud are relatively generous. For example, cloud servers are provided for free for 12 months, and other cloud products are also available in a variety of options. If we have a cloud business, we can apply for an experience, and then choose to produce cloud products based on the experience.

    Largest 5 Top Free Online Cloud Providers Image
    Largest 5 Top Free Online Cloud Providers; Image by Gerd Altmann from Pixabay.
  • Where can I find cloud storage backup solutions?

    Where can I find cloud storage backup solutions?

    How to find cloud storage backup solutions? To ensure the memory of the mobile phone and prevent accidental deletion of data. You can save the required data in the mobile phone’s cloud storage for backup. Different mobile phones have different viewing methods for cloud space backup, but the general method is similar. You can view it through the mobile phone settings, and then find the configuration of cloud service/cloud space/cloud backup.

    Where can I find cloud storage backup and solutions? Method introduction

    Huawei mobile phone cloud storage backup:

    Open the phone settings and click the account center of the avatar above to enter, enter the cloud storage option in the account center and then click the cloud backup at the bottom, select the restore data option at the bottom of the cloud backup, and finally select the data.

    Cloud storage on the Honor mobile phone:

    First, click [Cloud Space] on the desktop and enter, click [Cloud Disk] to view the things backed up by the cloud space.

    Xiaomi mobile phone cloud storage:

    Click the Xiaomi account on the mobile phone settings page, and select [Cloud Service]. Also, Click [Xiaomi Cloud Disk] to view the things backed up by the cloud space.

    Cloud storage backup of Apple mobile phones:

    In the mobile phone setting menu, click the profile picture to enter the Apple ID interface, and click [iCloud]. Turn on the switch of [iCloud cloud backup] to view the things backed up in the cloud space.

    If you use cloud storage to back up your files, you can view the backed-up files in the following ways:

    • Through the cloud space client: If you are using a common cloud storage service. Such as Dropbox, Google Drive, OneDrive, etc. You can download and install their client software, and then log in to your account to view the backup files.
    • Through the web version: most cloud space services provide a web version. You can enter the corresponding URL in the browser, and log in to your account to view the backup files.
    • Via a mobile device: If you use a mobile device to back up files. You can download and install the corresponding cloud space client on the mobile device, and log in to your account to view the backed-up files.

    Note that if you have not backed up to the cloud storage, or the cloud space has been deleted, you may not be able to see it.

    Where can I find cloud storage backup solutions Image
    Where can I find cloud storage backup solutions? Image by Kirill Averianov from Pixabay.
  • Cloud Business Intelligence Enterprise Financial Analysis

    Cloud Business Intelligence Enterprise Financial Analysis

    Cloud Business Intelligence; The financial work of an enterprise begins with data and ends with data. But finance is not just a porter of data, but an integrator and processor of data. As a core module, finance can directly reflect the operating status of an enterprise. In many large enterprises, the use of Business intelligence, through modeling, multi-view, big data analysis, etc. Analyzes financial data and business and combines internal and external business information to provide services for enterprise decision-making and strategic development and help enterprise managers make correct decisions efficiently.

    Here are the articles to explain, Discussion on Cloud Business Intelligence and Enterprise Financial Analysis

    Traditional business intelligence analysis software, such as SAP and IBM, cost hundreds of thousands of dollars. Many small and medium-sized enterprises cannot afford it. Such construction costs are due to the long construction period and the professional requirements of their personnel.

    With the vigorous development of the Internet and cloud computing technology, to seize the market of small and medium-sized enterprises, various professional manufacturers have also introduced cloud business intelligence technology into the cloud platform and carried out enterprise financial analysis through low-cost cloud business intelligence. Furthermore, Businesses are becoming more and more attractive. The following content explains business intelligence; financial management; intelligent platforms below are;

    The status quo of financial management of small and medium-sized enterprises

    Financial analysis is an application of economics. It takes corporate financial indicators and other relevant data as the main research object. Through analysis and comparison, it completes the analysis and evaluation of corporate financial status, and truly reflects the pros and cons of the company in the process of operation, gains, and losses, and financial status. and development trends, providing important reference information for enterprise management and business decision-making through detailed analysis reports.

    Through financial analysis, the managers of the enterprise can grasp the operating capacity, profitability, and cash flow status of the enterprise, reasonably evaluate the operating performance of the management team, reward the good and punish the bad, and promote the improvement of management level. The core purpose of financial analysis is to promote business operations, continuously tap potentials, expose contradictions from all aspects, find out gaps, fully understand unused human and material resources, and maximize corporate value.

    Better understand

    The management of the financial and accounting departments of small and medium-sized enterprises is mainly to fulfill tax reporting obligations, and measure and assess management accounting profits after financial accounting profits adjust. Financial management mainly aims at the basic accounting process of enterprises. Also, Small businesses generally use manual bookkeeping or use stand-alone financial software to realize electronic accounting. The accounting information systems of most small and medium-sized enterprises are mostly for accounting services.

    The tools and methods used in financial management are only shallow descriptions of financial management data. While the financial data of enterprises contain a wealth of information. Only by in-depth mining and analysis of the data in the enterprise accounting information system can we discover the deep-seated problems hidden behind these data and provide feasible suggestions for enterprise management. On the implementation route of the traditional enterprise financial business intelligence system, more specialized analysis tools and relevant knowledge reserves require. Which poses great challenges and implementation difficulties for small and medium-sized enterprises.

    Use cloud business intelligence technology for enterprise financial analysis

    Cloud business intelligence

    Cloud business intelligence analysis is a one-stop big data analysis platform built on the cloud. Also, It extracts data from various operating systems of the enterprise and uses the tools provided by the big data analysis platform to perform data cleaning, extraction, conversion, and loading. The processed data will It store uniformly in the data warehouse. And then the data in the data warehouse can effectively analyze by using data mining tools. Finally, the results were presented to the managers. It aims to help companies quickly process massive amounts of raw financial-related data and extract important financial information. To help companies analyze the problems behind the data, make optimal decisions, and help companies operate and develop.

    Cloud business intelligence and enterprise financial analysis

    Cloud business intelligence is a new generation of agile BI services based on the public cloud. Financial personnel can upload relevant financial data to the cloud business intelligence service purchased by the enterprise. Through the Internet, a set of data visualization analysis reports can launch in a few minutes. Also, Perform interactive analysis through drag-and-drop self-service operations, and quickly obtain analysis results.

    In the formation of financial data analysis, without professional computer knowledge, ad hoc query and data report generation can complete through drag-and-drop operations. With the help of the existing templates and elements in the data display building. Interactive charts can make according to business needs, and the data results can display intuitively and vividly. When conducting financial analysis through the existing cloud business intelligence, it can provide the following services for enterprises.

    Financial analysis.

    Just connect the financial data of the enterprise to the cloud business intelligence platform, and use the ETL, data warehouse, data mining, and other tools provided by the cloud business intelligence, and the system will automatically process and organize the data, and conduct investment activities, business activities, etc. Conduct detailed analysis and comparison of behaviors, and extract useful information for use by business managers.

    Financial projections.

    Using related technologies in cloud business intelligence, based on existing financial data to predict the future operating conditions of enterprises, mainly including sales forecasts, profit forecasts, cost forecasts, financial indicators, etc., to judge the possibility of a financial crisis in the future.

    Decision support.

    Using the analysis tools provided by cloud business intelligence. Useful financial data can be extracted from massive original data sources. Through further data mining, detailed analysis reports will eventually be provided. Enterprise managers can conduct benchmarking analysis on relevant indicators and public data of competitors to find gaps and deficiencies. Which has never provided effective support for decision-making in later-stage financing, investment, inventory, and other business activities.

    Prospects for Financial Analysis of Professional Cloud Business Intelligence

    Domestic companies that provide cloud intelligence business, such as Tencent, Alibaba, etc., have a relatively low cost of cloud business intelligence analysis (such as the cloud business intelligence provided by Alibaba Cloud, the annual fee for the advanced version is about 38,000 yuan). But the application functions provided focus on General-purpose templates when enterprises need in-depth financial analysis. They also need professionals to develop functions. Which is difficult for financial managers of small and medium-sized enterprises.

    Due to the rapid development of cloud business intelligence and its huge application prospects in the enterprise financial analysis market, traditional financial software providers such as Kingdee and UFIDA are also actively following up, and there will be more cloud intelligent business professional tools for financial analysis in the future Emerging in large numbers, it will focus on the following aspects.

    Analysis of corporate financial reports.

    Solidify the financial analysis model into an analysis tool, input the financial data of the enterprise into the system in a standard format through a unified data interface, and call the corresponding analysis model in the cloud business intelligence platform, and the system will automatically analyze the financial data of the enterprise according to the model processing and can issue detailed financial analysis reports.

    Enterprise multidimensional data analysis.

    By importing enterprise detailed report data from the outside or using the detailed report data stored in the data warehouse as the analysis object, combined with structural analysis, benchmarking analysis, trend analysis, and other methods, from the enterprise, year and month, actual number, budget or target value, etc. Conduct financial analysis on enterprises from multiple dimensions, and also quickly issue various forms of business analysis reports.

    Business strategy analysis.

    Combine risk analysis tools such as scenario analysis, probability, and statistical analysis. Furthermore, Using time value analysis models including the free cash flow discount model, EVA discount model, and dividend discount model, combined with comparable method valuation models, to provide enterprises with in-depth analysis reports for later stage investment and financing of enterprises, etc. A major business strategy has immeasurable value.

    Discussion on Cloud Business Intelligence and Enterprise Financial Analysis Image
    Discussion on Cloud Business Intelligence and Enterprise Financial Analysis; Photo by Austin Distel on Unsplash.
  • 10 Security Issues in Cloud Computing Essay

    10 Security Issues in Cloud Computing Essay

    10 Security Issues in Cloud Computing Benefits Essay; Cloud security, otherwise called cloud computing security, comprises a bunch of technologies, procedures, controls, and policies that cooperate to ensure cloud-based infrastructure, data, and systems. These safety efforts arrange to secure cloud data, protect customers’ privacy, and also support regulatory compliance just as setting verification rules for singular devices and users.

    Here is the article to explain, 10 Security Issues in Cloud Computing Benefits Essay!

    Cloud computing offers three different segments to consumers – Infrastructure, Platform, and Application /Service as a service. Each of them provides different operations and services corresponding to business and individual. You may like to know, Bitcoin Use Cases Technology Essay; There are various concerns regarding security in a Cloud computing environment; also Servers & Applications accessibility, Data Transmission, VM Security, Network Security, Data Security, Data Privacy, Data Integrity, Data Location, Data Availability, Data Segregation.

    The following 10 Security Issues in Cloud Computing below are;

    Servers & Applications accessibility;

    In Conventional data centers, the admin uses to access the servers in a restricted or controlled way through direct or on-premise connections. In Cloud architecture, the admin can access the system only through the internet which increases the risk and exposure of connection. While accessing the data by user, data access issues are primarily associated with security policies provided to users. To avoid unauthorized data access, that case, security policies should adhere to the cloud.

    Data Transmission;

    The data exists always transmitted from one end to another end in encrypted formatted. Also, SSL/TLS data transmission protocol is used here. By providing different access controls to Cloud providers for data transmission like authentication authorization, auditing for using resources, and by ensuring the availability of the Internet-facing resources at the cloud provider. To interrupt and change the communication, an intruder can place themselves in between the communication to the user; also, this type of cryptographic attack stands called ‘Man-in-the-middle’.

    Virtual Machine Security;

    Virtual machines are dynamic seamlessly moved between physical servers. Virtualization is one of the components of the Cloud which runs various isolated instances on the same physical machine is one of the allocated tasks of Virtualisation. Virtual servers like Microsoft are vulnerable to allowing a guest operating system to execute code on the host OS and other guest OS. The main loophole found in VMware’s shared folder terminology permits the guest systems to read and write in system files. Appropriate isolation methodology not implemented in current Virtual Machine Monitor (VMM). VMM should provide a secure environment so that none of the virtualized guests can access the host system.

    Network Security;

    The networks categorize into different types like public, private, shared, non-shared, and large or small areas. The network level is consists of these security problems like Sniffer attacks, DNS attacks, etc. In DNS attacks, a user can easily route to another Cloud server instead of what the user requested. Domain Name Security Extension (DNSSEC) lessens the number of DNS threats; but, it is not adequate to stop the re-routing of the connection to other servers.

    Data Security;

    Whenever users want to store their data on the Cloud, the Cloud providers use the most common communication protocol; which is Hypertext Transfer Protocol (HTTP). For ensuring data security and integrity, usage of Hypertext Transfer Protocol Secure (HTTPS) and Secure Shell (SSH) is common. In Cloud systems, the organization data saves out of premises. Cloud providers can use encryption techniques to avoid breaches. For instance, The Administrators of Amazon Elastic Cloud Computing (EC2) can’t access the user’s instances and do not have access to Guest OS. Administrators require their Cryptographically Strong Secure (SSH) keys to access the host instance. All accesses should log and audited timely.

    Data Privacy;

    With Data Security, Data Privacy is one of the primary concerns for Cloud service providers. Cloud providers should ensure the customer’s data privacy demand. Data on the cloud exists almost distributed globally; which increases the concerns regarding data exposure and jurisdiction. Cloud providers might be at risk of not complying with the policies of the government.

    Data Integrity;

    It helps to reduce the level of data corruption that occurs at storage. For data centers, integrity monitoring is crucial for Cloud storage. Database constraints and transactions contribute to maintaining Data integrity. For Data integrity, transactions should follow the properties of ACID (Atomicity, Consistency, Isolation, and Durability).

    Data Location;

    In Cloud data storage, users are not aware of the fact in which location the data is stored or accessed. To serve this purpose, Many well-renowned Cloud providers have data centers globally. Due to various countries’ data privacy laws and compliance, this could be an issue. In many enterprises, the location of data is highly prioritized. For example, Countries like South America have local laws and jurisdiction on a particular amount of sensitive information.

    Data Availability;

    The enterprises should ensure the availability of data round the clock without any hindrances. Due to the unpredictability of system failure, data providers are unable to attain that standard sometimes. To achieve the high scalability and availability of the system, service providers can make some changes at the application and infrastructure levels. A multi-tier architecture is the best option to achieve data availability seamlessly through load balancing and also running the instance on separate servers. For any emergencies, cloud providers should design an action plan to cope up with disaster recovery and to achieve business continuity.

    Data Segregation;

    In cloud architecture, data is typically shared among other customer data. To solve the data segregation issue, encryption is not the only solution to look at. In some cases, consumers don’t want to encrypt their data because it might destroy the data. Cloud providers should ensure that encryption provides at all levels; and also encryption should implement under the supervision of experienced professionals.

    Benefits of Cloud Computing Security;

    Cloud computing has created a tremendous boom in the recent technologies that help the business to run online, save time, and be cost-effective. Therefore, besides having a lot of advantages of cloud computing systems, cloud computing security also plays a major role in this technology that ensures clients use it without any risk or tension.

    Below are the advantages or benefits of cloud security:

    Security against DDoS attacks:

    Many companies face the Distributed Denial of Service (DDoS) attack that a major threat that hampers company data before reaching the desired user. That is why cloud computing security plays a major role in data protection because it filters data in the cloud server before reaching cloud applications by erasing the threat of data hack.

    Data security and data virtue:

    Cloud servers are real and easy targets of falling into the trap of data breaches. Without proper care, data will be hampered, and hackers will get the hands of it. Cloud security servers ensure the best quality security protocols that help in protecting sensitive information and also maintaining data integrity.

    Flexible element:

    Cloud computing security provides the best flexibility when data traffic is concerned. Therefore, during high traffic user gets the flexibility in a happening server crash. The user also gets scalability resulting in cost reduction when the high flow of traffic ends.

    Availability and 24/7 help system:

    Cloud servers are available and provide the best backup solution giving a constant 24/7 support system benefitting the users as well as clients.

    10 Security Issues in Cloud Computing Benefits Essay Image
    10 Security Issues in Cloud Computing Benefits Essay; Image by slightly_different from Pixabay.
  • Security in Cloud Computing Need Importance Essay

    Security in Cloud Computing Need Importance Essay

    Security in Cloud Computing Systems Need Importance Essay; Cloud Computing is a form of technology that provides remote services on the internet to manage, get entry to, and shop records in place of storing them on Servers or neighborhood drives. This technology stands likewise called Serverless generation. Here the facts may be anything like Image, Audio, video, documents, documents, and so forth.

    Here is the article to explain, Security in Cloud Computing Systems Need Importance Essay!

    Cloud computing protection refers to the safety enforced on cloud computing technology. In simpler phrases, cloud security affords support and security to the applications, infrastructure, and strategies and protects statistics from vulnerable attacks. Cloud security came into existence because of the tremendous infrastructure of cloud computing structures that runs online and require proper preservation day by day. There is simplest one unmarried server in which all user statistics save; so to utilize resources, to restrict person data to get leaked or considered by way of other customers; cloud computing safety handles such sensitive computing assets.

    Need of Cloud Computing;

    Before the usage of Cloud Computing, most of the huge in addition to small IT companies use conventional techniques i.E. They save records in servers, and they want a separate Server room for that. In that Server Room, there must be a database server, mail server, firewalls, routers, modems, excessive net speed devices, and many others. For that IT corporations ought to spend plenty of cash. To lessen all the troubles with cost Cloud computing come into life and maximum groups shift to this era.

    How does Cloud Computing Security Works?

    Various groups now in recent times have moved to cloud-based computing structures for ease of work and to save time and money. The enterprise has been uplifted to new cloud provider technologies changing the traditional practices. Thus to provide controls and guard packages and cloud packages, cloud protection came into life. There are numerous dangers and issues as according to because the on-line glide of records worries; which includes records breach, information hijack, unauthorized get entry to, system malfunction, etc.

    Define;

    To take care of such chance and take care of the user needs, and hold the database; cloud computing safety guarantees proper security with the aid of operating in diverse ways:

    • Old traditional technology lacks the size of giving complete safety to the server. With the advent of cloud computing safety; the facts first are going to the cloud rather than passing immediately via the server that acts as a medium. In that way, the information transmit to the authorized person; who has to get the right of entry to it earlier than without delay reaching the server. This maintains records integrity, and the cloud blocks undesirable records, if any, before reaching the server.
    • The traditional approach consists of packages that filter the information which can be very luxurious and difficult to maintain. The information filtration complete upon attaining its desired community; and inside the halfway, due to large chunks of records, structures get crashed; and close down completely at the same time as filtering good and terrible information with outright usage. The net protection services solved it by using running on a cloud model in which records get filtered inside the secured cloud itself earlier than reaching different computing systems.
    • Cloud-based safety platforms additionally work on a non-public model that includes a personal cloud; keeping apart the unauthorized facts get entry to from the clients ensuring protection from shared protection structures.
    • It additionally works on securing records identity via deciphering the encrypted facts to the desired users who need to get entry to it.

    Why is Cloud Computing Security essentials?

    Traditional computing systems provide a remarkable technique to transmitting data; but, lack a protection system that is ultimately unable to manipulate statistics loss and records integrity; which could be very crucial in computing systems. This is where cloud computing security takes to gain, and it’s miles very crucial; because the safety version only describes a cloud service that offers the first-rate useful resource backup and protection when records involve. It provides an expansion of records offerings, together with statistics backup, digital computer, and other conversation gear; which has increased tremendously from the year 2015.

    The cloud model is critical in several ways:

    • Ensures right facts integrity and protection since the statistics that receives transmitted online thru servers are sensitive facts.
    • Lots of hacking instances have been found even as transmitting information; that may be a very commonplace subject matter for any business functions; but cloud computing era confident us the best safety feature system for all cloud storage devices and packages.
    • While cloud technology provides cloud issuer services at a completely effective fee; the security structures additionally got here to offer the maximum green platform at such fee benefitting each consumer.
    • There had been diverse government regulatory authority offerings that make certain; why cloud security and deciding on the right cloud provider are similarly important. Under the Data Privacy Act, the cloud vendors carry out effectively; which outsources the corporation’s vital data over the cloud protective each purchaser’s non-public statistics utilizing every carrier of the cloud issuer.
    • The 1/3-celebration vendors additionally get in touch with the cloud structures that provide necessary safety; and facts privateness and additionally encrypt facts before achieving without delay to the purchaser.

    Importance of Security in Cloud Computing;

    Today’s global IT infrastructure, services, and applications are all running on the Cloud platform. Cloud acts as an intrinsic functional component of most of the daily applications whether users are using Dropbox, Google Drive, Facebook, Twitter, etc.

    Cloud has revamped the business processes entirely. Today millions of organizations are consuming the services of the Cloud platform globally; such as document creation, software (SaaS), platform (PaaS), and infrastructure as a service (IaaS). With over twenty-five thousand company employees using an average of 545 cloud services. Over half of the internet users use cloud-based email services like Gmail and Yahoo.

    Few things Essay;

    Here are a few more things you can do with the cloud:

    • Create new apps and services.
    • Store, back up, and recover data.
    • Host websites and blogs.
    • Stream audio and video.
    • Deliver software on demand, and.
    • Analyze data for patterns and make predictions.

    From both, the perspectives of Cloud consumers and providers, a wide variety of security constraints encompass Cloud security. The consumers will be apprehensive with the security policy of the cloud providers that; how their data is stored and where and who has the authentication to access that data.

    On the other hand, Cloud providers deal with the issues like infrastructure’s physical security, access control of cloud assets, execution of cloud services, and maintenance of security policies. Cloud security is a crucial aspect and significant reason for the organization in the agitation of using cloud services. A non-profit organization of IT industry specialists named Cloud Security Alliance (CSA), has led the frameworks of guidelines for enforcing and implementing security within a cloud operating environment.

    Importance Essay Part 01;

    Security is a highly-prioritized aspect of any computing service, in that context, safety and privacy issues are critical for handling the client’s sensitive data on Cloud servers. Before signing in to Cloud space, users have to get the information regarding authentication and management of cloud providers. From the Cloud providers’ end, it is important to verify the authenticity of the user’s credentials; and maintain the high-security standards otherwise, a security breach could happen.

    Cloud computing is the most valuable innovation given by the entrepreneurship information technology domain to businesses that possess various characteristics like inexpensive virtual services. Consumers can store almost everything on the Cloud, but after storing data, the next big thing which matters a lot for customers is Security. For instance, Dropbox, a cloud storage platform hacked. The intruders hacked the system through unauthorized access to the personal information of users also sent spam emails to users’ folders.

    Importance Essay Part 02;

    According to Baker & Mckenzie’s survey, Security and privacy are the primary objectives of consumers before consuming cloud services. The main disinclination in deciding whether to use cloud services are Security (88%) and Privacy (73.3%). The majority of consumers are concerned regarding control and regulatory policies. Besides, 69% of buyers recognize that reputation of the cloud providers is the key criteria for choosing Cloud services. Overall, Security is the biggest concern among consumers or buyers to adopt Cloud services.

    Two-thirds of the buyers identified that their providers should agree upon the customer-specific security terms. ISO 27001 standards are chosen by the majority of consumers on which they want providers to adopt. Many providers suggested providing users with a control reporting environment through SSAE 16 SOC Type II reports. It gives evidence that how much Cloud security is critically significant for buyers especially for those providing financial or health services in a highly regulated environment.

    Importance Essay Part 03;

    As mentioned above, security is the biggest hurdle for Cloud service providers and their users. The crucial factor is the location of data in Cloud security. The location is the main advantage of the Cloud’s flexibility and a security threat as well. Determining the location of the data storage will help in providing security in some regions and could act as a threat to other areas. For Cloud users personal and business data security compel the Cloud service providers to think about strategic policies.

    Technical security is not the only medium to solve the Cloud security issue. Trust is another factor that plays a vital role in this scenario; because it is a mutual interest for all stakeholders of the Cloud environment. Almost all types of intruders attacked on computer networks and data transmission are equally a threat to cloud services. Some of the threats are eavesdropping, phishing, man-in-the-middle, sniffing, etc. Distributed Denial of Service (DDoS) is one of the major and common attacks on the Cloud computing environment; and a potential problem with no option to assuage this. Data encryption and its authentication are the primary security concern that falls under the practice of safer computing.

    Importance Essay Part 04;

    There is a thin line difference between risk and security of Cloud. Vendor lock-in considers being a potential risk in Cloud services that is unrelated to security terms. Provider business discontinuity, licensing issues, and service unavailability are some of the examples; which do not lie within the security domain from a technical perspective. Distribution of security services among different vendors would lead to inconsistencies which might transform into security vulnerabilities. Using the various kinds of security software tools in a Cloud environment might have execution loopholes that can cause a security risk to Cloud infrastructure.

    Normally, Cloud computing uses public networks to transmit data and make it available to the world, so cyber threats are standard for Cloud computing. The existing Cloud services have been suffering security loopholes from which an attacker can take advantage. The nature of the Cloud computing approach made it prone to information security, privacy and network security issues would be the concern for the Cloud infrastructure. Different Cloud infrastructure factors such as human errors, software bugs, and social engineering are dynamically challenging for Cloud.

    Importance Essay Part 05;

    To reduce the security risks Intrusion detection plays a significant role in network monitoring. There are varied angles from which various security threats might enter into Cloud infrastructures; such as virtual servers, databases, concurrency control, load balancing, and memory management. The two inevitable security threats for cloud users are session hijacking and data segregation. Scalability dynamism and level of abstraction are some of the challenges to building boundaries around the Cloud infrastructure.

    Security in Cloud Computing Systems Need Importance Essay Image
    Security in Cloud Computing Systems Needs Importance Essay; Image by Mohamed Hassan from Pixabay.
  • Best Cloud ERP System Solutions Essay for Small Business

    Best Cloud ERP System Solutions Essay for Small Business

    Best Cloud ERP System Solutions Essay, Definitions, Benefits, and Impact for Small Business; Enterprise Resource Planning (ERP) is a structure that use to manage and deliver solutions for the company. Enterprise Resource Planning (ERP) helps in the integration, implementation, management, planning, purchasing, marketing, sales, and inventory of an Information system. The data of the ERP management software is stored in the database using a database management system. The stored data should distribute among the departments of the company as a part of the process. It facilitates the information transfer among the departments which includes a lot of manual work as the data should manage and update manually.

    Here is the article to explain, Best Cloud ERP System Solutions Essay for Small Business!

    Cloud computing is a model for on-demand network access to a shared pool of resources like network, server, applications, and storage which has a minimal management effort or a service provider. On using cloud computing the users can share or view the shared data without any external resources. This achieves using the Software as a Service (SaaS) which provides the user to access the information given by the provider.

    SaaS (Software as a Service);

    The applications can be accessible by the users on personal systems in their small network. Also, The cloud helps the user to access their system within their comfort zone and which acts as the Software as a Service (SaaS).

    PaaS (Platform as a Service);

    The user can work on any platform or application using programming languages and different infrastructure; this is possible with the cloud and is known as Platform as a Service (PaaS).

    IaaS (Infrastructure as a Service);

    The cloud provides the user to store the data, work on the applications as well as manage the system with no installation of prior or excess software. Also, This calls Infrastructure as a Service (IaaS).

    Cloud computing plays a major role to reduce manual work in sharing the data. ERP which includes cloud is been introduced to overcome the problem. The data is shared among the departments of the company using Cloud (Internet) technology. The data of ERP is stored on the cloud which can share and accessed by the members of the company who have access to the system. Further, the cloud-based ERP definitions, Information System based definitions, key benefits of cloud ERP and taxonomies discuss.

    Definition of Cloud ERP or Cloud-Based ERP;

    They define as the on-premises or the hosted ERP on cloud computing technology. It is mostly required or useful for small and also medium enterprises (SMEs) for the improvement of the business.

    According to (Shivam, C., Ned, & David, 2018), Cloud ERP helps SMEs to benefit from the privileges of the ERP packages without installing IT (Information Technology) software/hardware. Moreover, it has less maintenance and removes the IT workforce. Based on the SME’s requirements the cloud service provider render. The cloud servicer provides a standard cloud ERP module on which a company can rely.

    There are vast benefits of the system which include cost minimalization in the infrastructure of the company, the operating cost as the cloud service providers manage the operations of cloud and services, scalability, improved accessibility, mobility, and usability. It also includes system availability and disaster recovery, security, integration, sales atomization, cost transparency, and free trials. Few other advantages of cloud ERP are enhancement of system speed and performance and an effective system upgrade.

    But, the views on cost minimalization of operating cost differs. Few authors specified that the Minimalization of operating cost is an advantage, whereas, the others argued that the cloud can use initially but as the organization is developing and the data is increasing the cost by small and medium enterprises is not affordable. Whereas, security plays a crucial in the cloud ERP. The main risk of the systems is the security of the database or the leakage of information.

    Other definitions;

    All the definitions stated above are similar in the case of cloud ERP systems including the risk of the database. The cloud ERP system is cloud-based rather than server infrastructure; which is used to help the companies to share the data or the information across the departments of the company. It integrates a few key functions financial management, inventory management, customer relationship management (CRM), human resource (HR) management to run a business.

    Definition of Cloud ERP – IS (Information Systems);

    Business Information System (BIS) is the system that contains the information of various sectors of the company like customer relationship management (CRM), Enterprise Resource Planning (ERP), Human Resource Management (HRM), Financial Management, integration, implementation, purchasing, marketing, sales, and inventory.

    Enterprise Resource Planning (ERP) is a module that helps in managing and giving solutions to run the company with different aspects like managing, planning, modifying, integrating, implementing, and marketing. The cloud-based ERP is nothing but the ability of the service providers and the end-users like Information Technology/Information Systems and clients to share the data among their business or the company.

    When the process of sharing and managing the information is successful the decision made to run a process will be accurate resulting in the profits of the company. While using the cloud-based ERP, the time taken for the upgrade of the system enhance and works effectively. The process speeds up when the company has an accurate and effective cloud ERP system which is an added advantage.

    Other Information;

    Meanwhile, when the decisions are made accurately within the time limit the productivity of the organization is enhanced and it leads to the growth of the company. The company gains profits as it has an effective system. Accordingly, as there is a growth in the business it leads to a competitive edge, which leads to competition with other companies.

    The organization’s productivity and competitiveness increase including the increase of knowledge on the new technologies and software with minimal human work. On the other hand, if the company has a bad system the time taken to upgrade the system is more and leads to an ineffective result. The ineffective result again leads to an inappropriate decision which drops the company’s productivity. As the productivity of the company is let down the company has no competitors and results in a loss. When poor integration occurs, it results in unsatisfactory results. As there is a loss in the company it impacts the Business Information System (BIS).

    A good Business Information System aims to integrate successful end-users like IT, People, and business which helps in making an accurate decision on time. The accurate and effective decision leads to good productivity of the organization. The organization benefits from the reduction of cost, profit maximization, and good decision support. The competitors of the against the organization increases which helps in enhancing knowledge on all the new technologies and software.

    Benefits of Cloud ERP system;

    Cloud ERP system has many benefits which include;

    • Cost Minimization
    • Scalability
    • Mobility
    • Usability
    • Efficiency
    • Cost Transparency
    • Accessibility
    • Disaster Recovery
    • Speed Enhancement of the system

    The predominant benefits of the cloud ERP systems are;

    • Scalability
    • Accessibility and Usability
    • Mobility
    • Security
    Scalability;

    The ability of the computing process in resource pooling and rapid resource elasticity of the cloud-based ERP system leads to a high elastic infrastructure capacity. The high-level strategic flexibility and enhanced competitiveness in the SME’s result in scalability. The enterprises can adjust according to the requirements, they can move their scale up or down flexibly.

    Accessibility and Usability;

    As the cloud ERP is on-demand and it works using the internet it has several options to access. Also, The applications over the cloud are in an open environment which leads to easy access. An increase in accessibility steps forward on an increase in usability which includes the usability of cloud ERP inside and outside of the enterprise.

    Mobility;

    According to (Peng & Gala, 2014), the enhanced ERP mobility took over the existing or the old system of working at the office. When the cloud came into place, the data or the whole information of the system is stored on the cloud and can view or access from any place through web browsers. For example, the manager used to work on the project in the office as there is no cloud ERP available. Later, when the cloud-based ERP discover and implement, the manager can work from anywhere just by using a secure web browser. This helped the end-users to enhance their knowledge by saving time.

    Security;

    The ERP consists of data of the system or the business, connecting the data to the cloud draws the main attention of security. The cloud ERP which holds the information of the complete system should be secure enough to rely upon. Since the data controller is by a third party (Cloud Service Provider), it is not to be relied on. Whereas, when there is an effective and enhanced system there is no problem with the security of the system as it is safe. But, if the system is ineffective then there is a loss of data or leakage of data.

    If the system has the disaster recovery option then it is easy for the data to obtain when lost. Security plays a major role in the Cloud ERP system. Data Privacy and Data Security seem to be similar but indeed they are different from each other. Data Privacy refers to the privacy of the company or the manager and the workers to access data. Whereas, data security relates to the protection of the data to avoid data loss or data leakage. More often, data leaks by humans, rather than technology defects.

    Cost Minimalization;

    A system always needed a high maintenance and implementation cost, especially in on-premises ERP systems. Generally, an on-premises ERP system requires investments in the user; as well as the client system as they should install the software and hardware for running the system. This leads to management, maintenance, implementation, and investments. Cloud ERP system has overcome all these problems as there is the requirement of installing the systems on user PC’s and the data can view, access, and stored on the cloud. This reduced the investments, maintenance which leads to cost minimalization or in short cost reduction. It also maximized the profits of the company with low maintenance and low cost.

    Similarly, the other benefits of cloud ERP are equally important for the development of the system. Cost transparency and enhancement of speed while upgrading the system leads to the enhancement of the perfection of the system. The system cannot run slow while upgrading as it leads to time loss; so, the system should upgrade fast enough to avoid any time gap. When the system upgrades the performance level increases as the system is more effective.

    Taxonomies Benefits of Cloud ERP system;

    The key benefits of cloud ERP systems in terms of ERP benefits Taxonomies according to Shang and Seddon are;

    • Operational
    • Managerial
    • Strategic
    • IT Infrastructural and
    • Organizational
    Operational;

    The predominant operational benefit is cost reduction or cost minimalization. Rather than traditional ERP, Cloud ERP has the subscription method of payments; which not only includes software cost but also the management and support cost. This is the key benefit of the Cloud ERP as the cost reduction; it also includes less workforce and helps to travel less. As the Cloud Service Provider (CSP) takes over the management of the system there is a drastic improvement in the profit maximization and functioning of the system.

    Managerial;

    Cloud ERP system helps in making an accurate decision that effectively works on the system. This leads to easy access to the system as the third party (Cloud Service Provider) provides a good ERP system. The managerial benefit of cloud ERP system gives a fast and accurate output which is time-saving with low cost. When the datastore is on a cloud every person inside the system can easily access and also can modify the data if they have access to the system.

    Strategic;

    The rapid development of the system is possible as the system is more effective and accurate; it allows the users to have a fast and reliable result which leads to the growth of the company. Using Cloud ERP system, the users can enhance their knowledge towards software and the structure; which drives through innovations and creativity. The competitive edge of the company increases and there will be the maximization of profits.

    IT Infrastructural;

    As mentioned above, a cloud ERP system helps to enhance knowledge on software as well as the modules of the system. The IT knowledge helps the end-user to develop the business with great IT infrastructure which will be easy to operate by the end-users.

    Organizational;

    The cloud ERP system helps to support the organization and with the changes in an organization because of its flexibility and scalability. Now a day, technology is enhancing and also new technologies are coming into the system, cloud ERP is flexible to adapt to the new technology. The end users can learn the strategies of business easily as the cloud ERP helps to share the information with no installing of software onto the end user’s system.

    These five taxonomies are in the perspective of a stakeholder and also senior manager which helps in the development of the company; which includes the enhancement of users’ knowledge towards software systems and the business strategies or the business rules. The end-users will have easy access to the system as the information is stored on the cloud with no prior installment of software.

    Best Cloud ERP System Solutions Essay for Small Business Image
    Best Cloud ERP System Solutions Essay for Small Business; Image by Mohamed Hassan from Pixabay.

    References; Cloud ERP Systems – Definitions and Impact. Retrieved from https://ukdiss.com/examples/cloud-erp-systems.php?vref=1