FINANCE PROFESSIONALS remain confused about online software, according to a survey by Access.
Nearly half of the 100 respondents (49%) were unfamiliar with the different types of online computing services. Online services and products are often referred to as cloud computing.
Two-thirds said their organisation currently did not use cloud products. However, 26% were unsure if their company had cloud computing. More than 40% said their business was not “looking” to implement the online technology.
The biggest concern for 26% of finance professionals is confidentiality and data security. Around one in five respondents were also apprehensive on the lack of control when using these types of software, and consistency of service.
Chris Bayne, managing director at Access, reassured the industry that “the provider’s reputation is at stake so it’s in their best interests to ensure the highest levels of contingency are in place to avoid any breach of security”.
He added: “Understanding the solutions that are out there, the benefits they can bring to the business or how they can compliment existing systems is essential.”
Colin responds to the call for 'Darwinism' in accountancy
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast