What is “SAAS Accounting,” and how is it relevant to my company?
“SAAS” stands for “Software As A Service,” and companies who use SAAS as business tool, run their software applications over the Internet. Their service providers purchase and maintain the software, and the clients do not need to invest in the related software or servers. There are advantages and drawbacks of using SAAS for your accounting processes, and here is some of what you’ll want to consider before you switch to SAAS: The client avoids purchasing the related accounting software, the service provider maintains and updates the software, you will be able to access your accounting information and software from any Internet-linked computer anywhere, you will need adequate security measures to protect your “virtual” processes and data, and your company will need to maintain timely physical backups of all accounting data at all times. With SAAS there is less flexibility of modifying applications as the control is with the provider. Using SAAS provides new options and leads to new vulne
