Will cloud accounting save money?
Companies that use cloud accounting require less initial server
infrastructure to store data, and IT staff is not required to maintain it or
update the cloud accounting system. Fewer expenses and no new software
purchases mean greater savings for businesses. For the on-premises world, it is
exact opposite. Every time a firm grows, they encounter greater software
license and maintenance costs as well as new licenses and fees for database,
systems management and other software.