1 A C T A U N I V E R S I T A T I S L O D Z I E N S I S FOLIA OECONOMICA 257, 2011 Ceslovas Christauskas, Regina Miseviciene ONLINE ACCOUNTING SOFTWARE FOR THE BUSINESS Abstract. Small to medium size enterprises are young and constantly changing their sphere of activities depending on fluctuations of the market. Accounting information systems (AIS) play a key role in providing the financial information for decision making within the enterprises. Advances in accounting information technology over the last several years have moved towards the online accounting. The online accounting system is web based and resides on a web server and anybody in the enterprise can access that accounting system with a simple browser. In the research we investigated the newest trends in AIS models for small to medium enterprises. Scientific works analysis of accounting software showed that their models were analyzed by foreign and Lithuanian scientists. However it is a lack of scientific papers on the newest trends in Lithuania. So that as methodology of this research was scientific works and comments of a number of reviewers. Many of them were sourced from the internet. Our survey of the newest trends in AIS models indicates advantages and dangers of AIS application within the business processes. Investigation of accounting software for Lithuanian small and medium enterprises was a part of the research. We have summarized only main accounting systems opportunities. Keywords: small to medium enterprises, accounting information systems, web-based software, cloud computing. 1. INTRODUCTION Small to medium size enterprises are young and constantly changing their sphere of activities depending on fluctuations of the market. The complicated and continuously changing environment of accounting creates the need for more accurate accounting information. Enterprise accountants have confronted lots of questions that need proper and unambiguous answers. A necessity to receive proper information has arisen; therefore, accounting information has to be filtered before presenting it to higher administrative bodies in order to adopt a strategically decision. Accounting is becoming more and more expensive according to the increase of administrative communication. Consequently, expense of offered service is increasing too. Accounting as well as the whole administrative system is created to get informa- Kaunas University of Technology, Lithuania. 
2 36 Ceslovas Christauskas, Regina Miseviciene tion as soon as possible with minimum expense. That is why accounting must be organized rationally, because in other case it can be unsuitable due to large expense. Lots of enterprises use information system technologies not only for accountability but also for other business purposes. Because of the accounting information systems play a significant role in providing the financial information for decision making within the enterprises the aim of the research is to investigate the newest trends in AIS models for small to medium enterprises, and to determine the advantages and dangers for their application within the business processes. To achieve this aim, the following objectives have been dealt with: to investigate the newest trends in AIS models for small to medium enterprises; to analyze the current state of Lithuania in this sector of business. The methodology of the investigation. Investigation was carried out using systematic literature review of accounting information systems faced by small to middle business. The comments of a number of reviewers of web-based accounting information systems were reviewed and analyzed. These were sourced from internet based forums. 2. MODELS OF AIS FOR SMALL TO MEDIUM SIZED BUSINESS 2.1. Small to medium sized business characteristics Small to medium sized enterprises (SMEs) play significant role in Lithuania economy. The definition of the concept of small and medium-sized business is provided by the Law of the Republic of Lithuania (Table 1). By the definition SMB entity shall be a micro, small or medium-sized enterprise (Ministry, 2011, p. 1). Medium-sized enterprise Staff headcount Table 1. Concept of SMEs Financial indicators meet at least one of these requirements Annual income, million LTL Book value of assets, million LTL Fewer than Small enterprise Fewer than Micro enterprise Fewer than Source:
3 Online accounting software for the business 37 Companies in Lithuania are predominantly small and medium-sized. According to the data of the Statistics Department there were more than 66,500 small and medium size enterprises operating in the country on the 1 st January, In 1998 companies that employed up to 50 people made 98 per cent of all enterprises in the country. The number of companies totaled 162,427 at that time, with just 37 employing over 1000 people percent of Lithuania s enterprises have less than 250 employees now (Baltic, 2011, p. 1). As a rule, small and medium-size enterprises in Lithuania are young and constantly changing their sphere of activities depending on fluctuations of the market. Even the enterprises with limited resources must administer records and organize financial management properly, so demand for implementation of the programs of computer records is still growing. Most often such companies have created their own programs, but they do not always administer records precisely or present detailed information, which corresponds to the requirements of constantly changing laws. This problem can be resolved by AIS which plays a key role in providing the properly financial information. The accounting information system records events and transactions, and produces information for the evaluation of the overall success of a business entity. The next section presents investigation AIS models for small to medium enterprises Types of accounting information systems An accounting information system (AIS) provides financial information about a business. This information helps managers plan and control operations and provides reports to outside parties such as stockholders, creditors and government agencies. Parts of an accounting information system might include financial reporting, cost accounting, management accounting and enterprise resource planning (ERP). Well-designed AIS gives a business a consistent way to view and analyze financial information and has three basic functions (Wiley, 2010, p. 1). The functions are: 1. Collect and store data. AIS collect and store data about business activities and transactions. The system must capture transaction data on source documents, record transaction data in journals, and post data from journals to ledgers that sort the data by account type. 2. Provide Information. AIS provide information useful for making decisions. This information usually involves reports in the form of financial statements and managerial reports.
4 38 Ceslovas Christauskas, Regina Miseviciene 3. Provide Controls. AIS incorporate controls to ensure the accurate recording and processing of data. The system must make certain that the information that comes out of the system is reliable and keep business assets safe. Some accounting information systems also produce forecasts of future conditions such as projected financial statements and financial budgets. So firm s financial performance is measured against such forecasts by other analytical accounting reports. Different internal users (employees and levels of management) and external users (stockholders, creditors, investors, etc.) use AIS in many accounting fields. Tax Accounting uses AIS to file tax returns. Managerial Accountants create budgets for the future quarters of the company. Auditors use accounting information systems as well when they are auditing companies. AIS are vital to the operations of a business and can be used for small businesses as well as large corporations. Nowadays a growing number of accounting information systems for small to middle businesses takes place. There are significant numbers of articles on accounting information systems. Many authors have their own definitions of the concepts. In our research we differentiate the accounting information system by three properties (Table 2): how and at which cost the AIS can be acquired and where installed. Table 2. Types of the analyzed accounting systems How acquired Where installed By cost Purchased Stand alone Commercial Rented Web-based Open source, cost free Source: created by the authors. There are a range of definitions of what constitutes stand alone, web- -based, cost free, open-source, commercial, purchased and rented accounting software (Wikipedia1, Wikipedia2, Wikipedia3, Wikipedia4). All of the definitions and descriptions we compare and link with a web-based information system. Stand alone accounting software is a software application that does not come bundled within another software application, and does not require another software package to run. Stand alone software is software installed on personal computer, vs. online software which runs via Internet browser. Stand alone software need for organizations to buy and install software on their computers (Wikipedia1, 2011). Stand alone accounting software can be two types. First type is named canned software, which is written by software development companies and is
5 Online accounting software for the business 39 sold on the open market to a broad range of users with similar requirements. Second type is defined as turnkey systems what are a combination of software and hardware sold as a package. The vendor installs the entire system and user needs only to turn the key. Web-based computing was created to eliminate the need for enterprises to buy and install software on their computer. The computing method allows people to login and access their information from any computer or site. Regardless of his or her location, the software delivers information to the person logged in. Free and open-source accounting software is software that is liberally licensed to grant the right of users to use, study, change, and improve its design. Free software is generally available without charge. Commercial accounting software, or less commonly, pay ware, is computer software that is produced for sale or that serves commercial purposes. In terms of how organizations obtain accounting software we differentiate the three ways to acquire accounting software: 1. Purchasing prewritten accounting system and install as stand alone accounting software on their computers; 2. Hiring an outside company from accounting service providers (outsourcing); 3. Developing software in-house. In this research we are focusing on second type of acquiring accounting software. The concept of hiring or outsourcing information systems services is now the top concept. The concept is closely linked with web- based accounting system term. In the next section we present more about the hiring type of accounting information systems acquisition. We distinguish advantages and disadvantages of this approach Hiring AIS from accounting service providers The Internet has given companies a new way to acquire software: application service providers (ASPs) host web-based software on their computers and deliver the software to their clients over the Internet. This way means outsourcing (Wikipedia2, 2011): it is hiring an outside company to handle organization s data processing activities. Outsourcing (by Nesbit, T. (2009) that is used not just for the acquisition of information systems, but for the ongoing hosting and provision of information systems by external parties is related with three different terms. The terms are: application service provider (ASP); software-as-a-service (SaaS); cloud computing (CC).
6 40 Ceslovas Christauskas, Regina Miseviciene Application service provider is an organization that hosts software applications within its own facilities. Customers rent the use of the application and access it over the Internet or via a private line connection (Wikipedia3, 2011). Software-as-a-service is rented rather than purchased. Instead of buying software and paying for periodic upgrades, SaaS is subscription based, and all upgrades are provided during the term of the subscription. When the subscription period expires, the software is no longer valid. SaaS can be implemented with local applications that expire after a certain time (Wikipedia4, 2011). The software-as-a-service is highly related with concept of cloud computing. The term cloud computing is the latest trend in the information system world. Instead of dealing with servers and locally stored software and files, the place where software files reside are in the cloud. Cloud computing is a unique service and is installed somewhere in the world. Cloud computing was created to eliminate the need for people to buy and install software on their computer. The service allows people to login and access their information from any computer or site. In this model, the applications are maintained in the service provider's datacenter, and every time users launch their browsers and log on, they get the latest version. Cloud services are currently one of the hottest topics in the information technology world. It s no wonder Gartner projects this sector s revenues will exceed dollars 150 billion by 2013 (Taylor, 2010, p. 3) Benefits of the cloud computing for SMBs Small and medium sized businesses (SMBs) have been the most aggressive segment to adopt cloud services. They typically have less-complex IT needs and less IT support than larger enterprises. Small and medium sized businesses are often happy to hand over the delivery and operation of IT to third parties, freeing SMBs to focus on running their businesses (Taylor, 2010, p. 1). Figure 1 presents percentages of the cloud computing technology usage in different industrial sectors. By the survey (that has been completed in 2009 by Gartner analysts) can see that cloud computing is being used more in the areas of finance and business when compared to other sectors (by Bittman, 2009, p. 1).
7 Online accounting software for the business 41 Fig. 1. Percentages of cloud computing using in different industrial sectors Source: created by the paper authors using the reference (Bittman, 2009). Small to middle businesses can get a lot of advantages with cloud computing. We summarized only main advantages in Table 3 (by Beckham, 2010, p. 2-6; White, 2010, p. 1; Hoffman, 2011, p. 1). Table 3. Advantages of cloud computing to SMBs business Advantages Characteristics Reduced costs Eliminate complex software installations Sharing secure information Respond to business changes quickly 1 2 Cloud computing reduces hardware and software, networking management and overall IT expenses. Enterprises pay a monthly subscription fee for only the exact number of users who need the application. Web browser is that s all need to access accounting tools in the cloud. In addition, providers upgrade their applications more frequently than most small companies can afford to. By securely sharing information with others clouds tend to be more secure than the traditional business models. Clouds offer real-time backup which results in less data loss. Adding software or increasing server functions in the cloud is very simple. Companies can quickly access more resources if they need to expand business and can do it quickly.
8 42 Ceslovas Christauskas, Regina Miseviciene Automatic updates Remote Access Try before buy 1 2 Table 3 (cont.) There is no need for IT to worry about paying for your future updates in terms of software and hardware. Employees, partners and clients can access, and update information wherever they are, rather than having to run back the office. Many business applications, such as ERP (enterprise resource planning), are available in the cloud, and providers frequently offer free trials and extensive demos. This allows see if the application is right for company. Source: created by the authors using the references (Beckham, 2010; White, 2010; Hoffman, 2011). Cloud computing has its risks and disadvantages, however. Table 4 presents the characteristics (by Beckham, 2010, p. 2-6; White, 2010, p. 1; Hoffman, 2011, p. 1). Table 4. Disadvantages of cloud computing to business Disadvantages Data security Reliability Control loss Dependency Characteristics Cloud computing can also bring substantial risks in the privacy and confidentiality areas. The main concentration in accounting is managing money. Cloud computing would not be an ideal for AIS because some of the most important information, such as bank accounts, are less secure. If the internet is down then the accountant can not access his or her information directly. In the accounting profession, accountants want to have access to their information at any or every given time. Company loses control over the software application and become dependent on the provider to maintain, update and manage it. Company becomes dependent on a cloud-based software application. Source: created by the authors using the references (Beckham, 2010, p. 2-6; White, 2010; Hoffman, 2011, p. 1). 3. Results of the investigation of Lithuania accounting systems for SMBs Cloud computing become a part of companies IT environment. Although computing cloud is not very visible in Lithuanian IT skies, but market leaders are ready to provide it. The potential of such publicly accessible cloud computing services is greater in the SME segment: these enterprises are more eager to outsource their IT and use leasing services, Linas Ruksenas, Head of the Services for SMEs at Baltic Data Center, said (BDC, 2010, p. 2).
9 Online accounting software for the business 43 In Lithuania, companies have already started extensive use of services such as web hosting, which are ordered and activated online. Let s see situation in Lithuania of accounting software for small to middle business. There is a sufficient amount of various specialized software systems, and software for bookkeeping inclusive, in Lithuanian software market. A part of it has been prepared by the specialists from Lithuania; the other part has been brought from abroad and adapted to Lithuanian consumers (translated into Lithuanian). Not all of the programs created in Lithuania are well concerted. Some foreign programs are not fully translated into Lithuanian; therefore, a consumer must know English or German languages. Not all the dealers have a permission to make changes in above mentioned programs, and each change (accepted by Lithuanian government or State Inspection) having influence on accountability takes lots of time. The price of foreign programs is much higher than of a program created at home. In Table 5 we have presented the most used accounting systems for small to middle market. We have summarized only main accounting software in Lithuania (Business, 2011; Rivile, 2011; Agnum, 2011; Stekas, 2011; Pragma, 2011; Butenta, 2011; Profit-Web SQL, 2011; Skaita, 2011; Skala, 2011; Finvalda, 2011; Microsoft, 2011; DB Apskaita, 2011; PauLita, 2011; Contour Enterprise, 2011; SQL-Ledger, 2011; Apskaita, 2011; Apskaita 1.1, 2011; Tiny, 2011). Table 5. Accounting systems for small to middle sized business Manufacture Software package Structure License UAB Rivil Rivil Solo Stand alone Proprietary UAB Rivil Rivil GAMA Web-based Proprietary UAB Protas ir logika AGNUM Stand alone Proprietary UAB Protas ir logika elit Stand alone Proprietary UAB Proringas Pragma Stand alone Proprietary UAB Stekas Stekas Stand alone Proprietary UAB EDRANA Profit-Web SQL Web-based Proprietary UAB EDRANA PROFIT-W SQL Stand alone Proprietary UAB Būtenta Būtent Stand alone Proprietary UAB Būtenta B-NET Solutions Web-based Proprietary UAB Prototechnika EuroSkaita Stand alone Proprietary UAB Prototechnika WEBSkaita solution Web-based Proprietary UAB Scala Lietuva Scala Stand alone Proprietary UAB Scala Lietuva iscala Web-based Proprietary
10 44 Ceslovas Christauskas, Regina Miseviciene Table 5 (cont.) UAB Finansų valdymo sistemos FINVALDA Stand alone Proprietary UAB Finansų valdymo sistemos Fin_Web_Service Web-based Proprietary Microsoft Microsoft Dynamics NAV Stand alone Proprietary UAB DB Topas DB Apskaita Stand alone Proprietary IĮ Paulita PauLita Stand alone Proprietary UAB Contour Lab Contour Enterprise Stand alone Not cost UAB AUNET Apskaita5 Stand alone Not cost Sandas Tiny ERP Stand alone Not cost DWS Systems Inc. SQL Ledger Web-based Not cost UAB Informacin s konsultacijos Apskaita 1.1 Stand alone Not cost Source: created by the authors using the references (Business, 2011; Rivile, 2011; Agnum, 2011; Stekas, 2011; Pragma, 2011; Butenta, 2011; Profit-Web SQL, 2011; Skaita, 2011; Skala, 2011; Finvalda, 2011; Microsoft, 2011; DB Apskaita, 2011; PauLita, 2011; Contour Enterprise, 2011; SQL-Ledger, 2011; Apskaita, 2011; Apskaita 1.1, 2011; Tiny, 2011). By the analysis we conclude that in Lithuania accounting systems on the market currently dominated by commercial (proprietary) products. There is not so many open source and cost free solutions, especially for small and medium- -sized businesses. 4. SUMMARY AND CONCLUSIONS Scientific overview of accounting information systems showed that their models have been analyzed by foreign and Lithuanian papers. However it is lack of scientific papers of the cloud computing technology appliance for Lithuania SMBs. So that as methodology of this research was overview and comments of a number of public papers. Many of them were sourced from internet. Author s investigation on the newest trends in accounting information system models for small to medium enterprises indicates advantages and dangers of the models application within the business processes. Analysis of accounting software on Lithuania market has shown that a sufficient amount of software to conduct accountability is being offered in Lithuania. A part of them has been prepared by the specialists from Lithuania; the other part has been adapted to Lithuanian consumers (translated into Lithuanian). Not all of the programs created in Lithuania are well concerted. By the survey of AIS we can conclude that in Lithuania accounting systems on the market currently dominated by commercial products. There is not so
11 Online accounting software for the business 45 many open source and cost free solutions, especially for small and medium-sized businesses. Although the computing cloud is not very visible in Lithuanian IT skies, market leaders are ready to provide it. In Lithuania, companies have already started extensive use of services such as web hosting, which are ordered and activated online. REFERENCES Agnum (2011), Internet source: Apskaita 5 (2011), Internet source: Apskaita 1.1 (2011), Internet source: solution_nr=281. Baltic Export (2011), Business environment in Lithuania, Internet source: BDC News (2010), Green lights for cloud computing, Baltic data center s newsletter Nr.3/2010/May, Internet source: pdf. Beckham J. (2010), Cloud computing: What it is and how your small business can benefit, Internet source: how_your_small_business_can_benefit/. Bittman T. (2009), Cloud Computing Inquiries at Gartner, Internet source: com/ thomas_bittman/2009/10/29/cloud-computing-inquiries-at-gartner/. Butenta. (2011), Internet source: Butkevicius A. (2009), Assessment of the Integration of the Accounting Information System in Small and Medium Lithuanian Enterprises, Ekonomika, p Business control solution (2011), Internet source: Contour Enterprise (2011), Internet source: DB Apskaita (2011), Internet source: Finvalda (2011), Internet source: Hoffman M. (2011), Top 10 List: Top Cloud Computing Benefits for Your Small Business, Internet source: Ministry of Economy of the Republic of Lithuania (2011), Small and Medium-sized Business, Internet source: Microsoft Dynamics NAV (2011), Internet source: Dynamics/nav/ubp.mspx. Nesbit, T. (2009), Web-based accounting information systems for small businesses: a proposed model. Accounting and Finance Association of Australia and New Zealand 2009 Conference, Adelaide, Australia. Nesbit T., Martin A. (2010), Teaching web-based accounting information systems, NACCQ/ /CITRENZ Conference, Dunedin, New Zealand. PauLita (2011), Internet source: Pragma (2011), Internet source: Profit-Web SQL (2011), Internet source: Rivile (2011), Internet source: Stekas (2011), Internet source:
12 46 Ceslovas Christauskas, Regina Miseviciene Skaita (2011), Internet source: Skala (2011), Internet source: SQL-Ledger (2011), Internet source: Taylor S., Young A. and Macaulay J. (2010), Small Businesses Ride the Cloud: SMB Cloud Watch U.S. Survey Results, Cisco Internet Business Solutions Group, p Tiny ERP (2011), Internet source: White R. (2010), Cloud computing: advantages and disadvantages, Internet source: Wiley C. (2010), The Basic Functions of an Accounting Information System, Internet source: Wikipedia 1 (2011), Standalone software, Internet source: Standalone_software. Wikipedia 2 (2011), Outsourcing, Internet source: Wikipedia 3 (2011), Application service provider, Internet source: Application_service_provider. Wikipedia 4 (2011), Software as a service, Internet source: Software_as_a_service.
Small Businesses Ride the Cloud: SMB Cloud Watch U.S. Survey Results Authors Stuart Taylor Andy Young James Macaulay February 2010 Cisco Internet Business Solutions Group (IBSG) Cisco IBSG 2010 Cisco and/or
CRM Expert Advisor White Paper Getting Your Head In The Cloud Businesses today hold more data than ever before. As a result, one of the biggest decisions any company small or large has to face is where
Overview & Highlights- Maximizer CRM Live In today s world, businesses need a tool that helps flourish client relationships. Maximizer CRM Live is that tool for our firm. Maximizer CRM Live saves money,
WHITE PAPER 5 Ways Your Organization is Missing Out on Massive Opportunities By Not Using Cloud Software Cloud software allows your organization to focus on its strengths and outsource tough data storage
The Advantages of Security as a Service versus On-Premise Security ABSTRACT: This document explores the growing trend of hosted/managed security as a service and why the cloud is quickly becoming the preferred
Main Types of Cloud Environments: - Public Cloud: A service built on an external platform run by a cloud service provider such as IBM, Amazon Web Services or Microsoft Azure. Subscribers can get access
MANAGED SERVICES MAXIMUM PROTECTION, MINIMUM DOWNTIME Get peace of mind with proactive IT support Designed to protect your business, save you money and give you peace of mind, Talon Managed Services is
What Every SMB Needs to Know When Selecting a Phone System Buyer s Guide Introduction Whether you are starting a new business or expanding your existing business, you will need to choose a business phone
Premise vs. Hosted vs. Hybrid-Hosted Comparing Ip based business Phone solutions For small and medium-sized businesses (SMBs) looking to not just survive but thrive during the downturn, an IP phone system
Cloud Computing Chapter 1 Introducing Cloud Computing Learning Objectives Understand the abstract nature of cloud computing. Describe evolutionary factors of computing that led to the cloud. Describe virtualization
Is your business secure in a hosted world? Threats to the security of business data are constantly growing and evolving - What can you do ensure your data remains secure? Introduction The safe use of computer
CLOUD ERP SOFTWARE PREFERENCES STUDY A study conducted by IFS North America APRIL, 2013 THE CURRENT STATE OF THE INDUSTRY BASED ON A SURVEY OF MORE THAN 200 EXECUTIVES METHODOLOGY In early 2013, IFS North
WHY CLOUD-BASED LIMS IS IDEAL FOR BIOBANKING Dr. Katja Eydeler 30.10.2013 STARLIMS.COM CREATING SMARTER LABS An Abbott Company WHAT IS CLOUD? 1. Everything from computing power to computing infrastructure,
Introduction to cloud computing Clou Introduction Welcome to our introduction to cloud computing. It will help you understand the cloud, how it works, and how businesses like your clients are using it.
Software as a Service (SaaS) ethical issues Marco Vallini firstname.lastname@example.org May 2009 1 Contents 1 Introduction 3 2 Scenario 3 3 Which actors are involved in SaaS? 4 3.1 Traditional software model............................
ICT Innovations 2010 Web Proceedings ISSN 1857-7288 345 Analysis of Cloud Solutions for Asset Management Goran Kolevski, Marjan Gusev Institute of Informatics, Faculty of Natural Sciences and Mathematics,
I White Paper ERP and the Cloud: What You Need to Know Table of Contents Executive Summary... 3 Increased Interest in Cloud-Based ERP and SaaS Implementations... 3 What is Cloud/SaaS ERP?... 3 Why Interest
CHECKLIST FOR THE CLOUD ADOPTION IN THE PUBLIC SECTOR  CHECKLIST FOR THE CLOUD ADOPTION IN THE PUBLIC SECTOR 1. Introduction Although the use of cloud services can offer significant benefits for public
Cloud Computing Chapter 1 Introducing Cloud Computing Learning Objectives Understand the abstract nature of cloud computing. Describe evolutionary factors of computing that led to the cloud. Describe virtualization
How cloud computing can transform your business landscape Introduction It seems like everyone is talking about the cloud. Cloud computing and cloud services are the new buzz words for what s really a not
SOFTWARE AS A SERVICE SaaS in the Tax and Accounting Profession SOFTWARE AS A SERVICE SaaS in the Tax and Accounting Profession Overview Software as a Service (SaaS), which is often referred to as cloud
Cloud Computing; What is it, How long has it been here, and Where is it going? David Losacco, CPA, CIA, CISA Principal January 10, 2013 Agenda The Cloud WHAT IS THE CLOUD? How long has it been here? Where
HITS HR & PAYROLL CLOUD MODEL WHITEPAPER Deciphering Total Cost of Ownership Total Cost of Ownership, or TCO, is commonly defined as the estimate of all direct and indirect costs associated with an asset
Business Attitudes Toward Cybersecurity 2014 Contents The Main Findings... 2 Current Status of Cybersecurity in Business... 2 Business Cybersecurity Trends... 2 Methodology... 3 Current Status of Cybersecurity
With hundreds of Help Desk software packages available, how do you choose the best one for your company? When conducting an Internet search, how do you wade through the overwhelming results? The answer
Managing the Intangible: Software as a Service New Approach for Sourcing Application Software RUDOLF RÖSSEL Vysoká škola manažmentu, Bratislava, Slovakia Abstract: The traditional model of software distribution
Software-as-a-Service: Managing Benefits for SMBs A research report prepared by: Publication sponsored by: TABLE OF CONTENTS SaaS and SMBs: A Beneficial Combination Key Benefits of SaaS Solutions for SMBs
HARNESSING THE POWER OF THE CLOUD Demystifying Cloud Computing Everyone is talking about the cloud nowadays. What does it really means? Indeed, cloud computing is the current stage in the Internet evolution.
All can damage or destroy your company s computers along with the data and applications you rely on to run your business. Losing your computers doesn t have to disrupt your business if you take advantage
Cloud Computing A Small Business Guide. Whilst more and more small businesses are adopting Cloud Computing services, it is fair to say that most small businesses are still unsure of what Cloud Computing
PRACTICAL GUIDANCE FOR 2011 Grow Profit as a Full Service Provider Parallels SMB Cloud Insights Table of Contents Executive Summary...1 Definitions...2 Key Findings in the Cloud...3 Figure 1: Cloud Service
CLOUD COMPUTING CUSTOMER RELATIONSHIP MANAGEMENT FOR SMALL AND MEDIUM ENTERPRISES Radosław URBAŃSKI, Krzysztof BZDYRA Summary: The aim of this paper is to present the benefits and risks to small and medium
TecTakes Value Insight How to Turn the Promise of the Cloud into an Operational Reality By David Talbott The Lure of the Cloud In recent years, there has been a great deal of discussion about cloud computing
White Paper: Introduction to Cloud Computing The boom in cloud computing over the past few years has led to a situation that is common to many innovations and new technologies: many have heard of it, but
HOW TO BUY? ERP SaaS, Custom, Packaged, or Hybrid Software? A Buyer s Guide to Purchasing ERP Solutions INDEX SaaS, Custom, Packaged, or Hybrid Software?..................... 2 Packaged Off-The-Shelf Software............................
Welcome to the new way of working. This is delivered to you by Cobweb. Enhancing productivity for today s modern SMB. Enhancing Productivity With Office 365 In A Modern Mobile SMB Workplace Today s SMB
Odin 2015 SMB Cloud InsightsTM UNITED STATES DEFINITIONS SMBs Defined We define SMBs also known as small and medium enterprises (SMEs) as companies with one to 999 employees. There are around 7 million
Cloud Computing What is Cloud Computing? Cloud computing is where the organization outsources data processing to computers owned by the vendor. Primarily the vendor hosts the equipment while the audited
Buyers Guide to ERP Business Management Software one 1. Introduction When you search for ERP or Enterprise Resource Planning on the web, the sheer amount of information that appears can be overwhelming
Evaluating Software Alternatives Chapter 4 Methods of Software Acquisition Examine software alternatives and select an overall strategy for the proposed system to prepare for the transition to the systems
CRM Expert Advisor White Paper 4 steps to monitoring team performance to accelerate sales and improve customer satisfaction As a strategic business initiative, customer relationship management (CRM) software
6 Lessons For The Small Business Owner By Terry Tanker 5 Tips For Helping Older Employees Excel By Jennifer FitzPatrick 8 When To Stop Cutting And Start Growing By Ruth King 10 Plan Ahead For Partner Disability
Online Bookkeeping and Accounting Online bookkeeping and accounting services use broadband and high speed internet connections to provide businesses and individuals with anywhere anytime access to software
Cloud, Community and Collaboration Airline benefits of using the Amadeus community cloud Index Index... 2 Overview... 3 What is cloud computing?... 3 The benefit to businesses... 4 The downsides of public
SaaS A Product Perspective Software-as-a-Service (SaaS) is quickly gaining credibility and market share against traditional packaged software. This presents new opportunities for product groups and also
T E C H N O L O G Y A S S E S S M E N T G e m i n a r e I n c o r p o r a t e d : D e l i v e r i n g C l o u d - B a s e d D i s a s t e r R e c o v e r y a n d S e r v e r R e p l i c a t i o n f o r
Building a Future- Proof Business: The Ultimate Guide to Moving Your Business to the Cloud Fluid IT Services 5601 Democracy Drive, Suite 265 Plano, TX 75024 Phone: (866) 523-6257 email@example.com
Written in collaboration with SaaS Marketing Strategy Advisors Evaluating SaaS and Cloud Solutions: Effective Solution Overview Organizations of all sizes and across all industries have been rapidly adopting
Author: Mike Herrmann With organizations looking for new ways to cut costs and increase productivity, the use of cloud computing has grown. The most common form of cloud computing is for vendors making
ediscovery Software Buyer s Guide FOR SMALL LAW FIRMS NE X TPOINT.C O M @NE X TPOINT Aided by the sensible use of technology, small firms should no longer be averse to taking on big cases or processing
WHITE PAPER IT in the Cloud: Using VMware vcloud for Reliable, Flexible, Shared IT Resources Table of Contents IT in the Cloud: Using VMware vcloud for Reliable, Flexible, Shared IT Resources... 3 Cloud
MARKET BRIEF Plug and Play: Managed IP Telephony Sponsored by: NEC William Stofega September 2006 IP TELEPHONY: BENEFITS AND CHALLENGES Global Headquarters: 5 Speen Street Framingham, MA 01701 USA P.508.872.8200
Whitepaper The future of Expense management Issued January 2013 5 remarkable findings Powered by: For almost all classes of businesses in Europe and the United States, expenses form an important part of
minerva fundraising solutions HOW TO CHOOSE A FUNDRAISING DATABASE The most important asset to any not-for-profit organization is their donor database. Whether donation processing is outsourced or completed
Teamware for Online Media Owners and Ad Networks Your people are an important asset to your business, as well as being one of your biggest expenses. SiteManagerNow helps them work efficiently - together.
Innovation Case Study: Business Marketplace by Deutsche Telekom 1 Copyright Ovum. All rights reserved. Ovum is a subsidiary of Informa plc. Innovation Deutsche Telekom (DT) extended its Telekom Business
ITSM Software: Is SaaS the Model for You? By Kai Holthaus, ITIL v3 Expert and Director for Third Sky, Inc. Software as a Service (SaaS) has gotten a lot of attention recently. Many companies and IT organizations
A FROST & SULLIVAN EXECUTIVE SUMMARY Journey to SaaS: How You Can Grow Your Software Business by Moving to the Cloud In Collaboration With: View the ondemand version of the ebroadcast: www.frost.com/isv
To kindle interest in economic affairs... To empower the student community... Open YAccess www.sib.co.in firstname.lastname@example.org A monthly publication from South Indian Bank 20 th Year of Publication Experience
GETTING THE MOST FROM THE CLOUD A White Paper presented by Why Move to the Cloud? CLOUD COMPUTING the latest evolution of IT services delivery is a scenario under which common business applications are
SaaS or On-Premise Monitoring: 9 Reasons SaaS Makes More Sense You know that cloud-based services provide advantages, including: Low upfront costs Fast deployment Simplified administration We know that
Innovation through Outsourcing Timothy Gehrig email@example.com David Moore firstname.lastname@example.org Agenda Expectations CedarCrestone Introduction Market Direction Outsourcing Solutions
TM Voice of IT April 2012 Trends around Desktop Virtualization for Small and Mid-sized Organizations A Spiceworks Market Insights Report Commissioned by VMware Is 2012 the year for desktop or client-side
Cloud computing: Cloud Computing A model of data processing in which high scalability IT solutions are delivered to multiple users: as a service, on a mass scale, on the Internet. Network services offering:
Clou com An introduction to Cloud Computing Introduction Welcome to our Introduction to Cloud Computing. It will help you understand the cloud, how it works and how businesses like your clients are using
What is Web-Based Accounting? A web-based accounting package is a complete accounting system that resides on a web server. Anybody in the world can access that accounting system with a simple browser to
Sage Nonprofit Online and Sage Virtual Services Frequently Asked Questions General What is Sage Nonprofit Online? Sage Nonprofit Online provides access to Sage 100 Fund Accounting, Sage Grant Management,
Enterprise Resource Planning (ERP) in Cloud Few years back, cloud did not have many takers. It was considered as marketing propaganda. Top management had big doubts about it- particularly performing key
ADRA MATCH CLOUD-BASED SOFTWARE Fast. Secure. Smart. It s time for modern financial software. Good news! Now there s a smarter, faster way for financial departments to automate their reconciliation management
AN ANALYSIS OF CLOUD COMPUTING AND ITS ROLE IN ACCOUNTING INDUSTRY IN ALBANIA Rezarta Shkurti (Perri) 1 Enita Muça2 ABSTRACT Recent advances in information technology have significantly changed the accounting
REMOTE OFFSITE BACK-UP & VIRTUALIZED DISASTER RECOVERY BUSINESS CONTINUITY SERVICE WHITE PAPER Fully Managed & Monitored Solution that provides you with cost-effective World Class Protection Highlights
White Paper The benefits of a cloud-based email archiving service A White Paper by Bloor Research Author : Fran Howarth Publish date : June 2010 Given the importance placed today on emails as a means of
The Cloud IIA Seminar, York April 30 th 2015 www.bakertilly.co.uk Introduction David Morris Technology Services Director with Baker Tilly Qualified Internal Auditor Based in Manchester Baker Tilly is an
Changing attitudes to ERP How cloud is disrupting traditional approaches to ERP deployment Introduction Cloud is fast becoming a viable option for businesses looking to implement a new enterprise resource
TRINITY LOGISTICS Transportation Industry Whitepaper Special Report to Shippers What is a TMS? What can it do for your organization? To learn more about Trinity Logistics and our solutions: www.trinitylogistics.com
Microsoft Dynamics The Business Benefits of Hosted ERP Solutions for Small & Midsize Organizations Executive Summary Today s small and midsize organizations are increasingly looking for more flexible and