New player enters online accounting

Another local software company is following listed newcomer Xero’s move into the growing online accounting space.

Both here and overseas the SAAS approach has become an increasingly popular way to deliver a range of business tasks and services as broadband connectivity has become faster and more reliable.

Some of the advantages of SAAS software are that users who travel frequently can access it from any internet-connected computer, software residing on a PC does not need to be updated when updates are made to the program, and data backups are not required because the software vendor stores all information entered by users.

“Data is securely backed up as part of our online service but many people still feel very uncomfortable about putting their sensitive financial data somewhere out there in the ether,” said Hewson.

“Probably, for the vast majority of businesses, their data is actually far more secure in that [online] environment than on their PC, but that’s something the market’s going to have to get used to over a period of time.” Read more at www.nzherald.co.nz