A huge 87% of accountants rated cloud technology as important or extremely important to their company’s operations. These results show the role cloud solutions continue to play in modern accounting practices, from improving efficiency to enabling innovative service offerings. Perhaps more interestingly were the 13% of respondents who were either neutral or negative towards cloud adoption, which would suggest a small, but significant number of practices still do not view it as important at all.
Potential Obstacles in Cloud Transition
Despite the clear benefits, the survey revealed several challenges that could stop accountants from fully embracing cloud technology:
Downtime fears: 21% of accountants expressed concerns about potential downtime during the transition to the cloud.
Not enough time: A lack of time and headspace to implement cloud continues to be a major blocker for 17% of respondents
IT experience: Lack of internal IT expertise was a significant obstacle for 14% of respondents, suggesting a gap in the necessary skills for managing cloud environments.
Subscription cost uncertainty: Cloud subscription costs remain a concern, with 14% of accountants uncertain about the financial implications of cloud services.
A huge 87% of accountants rated cloud technology as important or extremely important to their company’s operations. These results show the role cloud solutions continue to play in modern accounting practices, from improving efficiency to enabling innovative service offerings. Perhaps more interestingly were the 13% of respondents who were either neutral or negative towards cloud adoption, which would suggest a small, but significant number of practices still do not view it as important at all.
Potential Obstacles in Cloud Transition
Despite the clear benefits, the survey revealed several challenges that could stop accountants from fully embracing cloud technology:
Downtime fears: 21% of accountants expressed concerns about potential downtime during the transition to the cloud.
Not enough time: A lack of time and headspace to implement cloud continues to be a major blocker for 17% of respondents
IT experience: Lack of internal IT expertise was a significant obstacle for 14% of respondents, suggesting a gap in the necessary skills for managing cloud environments.
Subscription cost uncertainty: Cloud subscription costs remain a concern, with 14% of accountants uncertain about the financial implications of cloud services.