Accountants slow to adopt cloud-based software

calculator

Accounting firms are beginning to embrace cloud, but not with any great enthusiasm.

While the rest of the world is beginning to turn to SaaS-delivered software, just 11 per cent of accountancy firms are using cloud systems according to a new survey from Thomson Reuters. And just 23 per cent of non-adopters are ready to make the move to cloud, which contrasts starkly with the wider world where about 70 per cent of companies will be using one type of cloud.

The main objection was not security, the normal inhibitor when it comes to cloud, but concerns about working practices: a quarter of the respondents said they saw no need to change from their existing set-up, while eight of the accountants surveyed said it would mean a “big change” in the way they did business. These also cited a lack of awareness about where to start on a cloud project.

The accountants hadn’t forgotten about security, though, it was also cited as a factor that concerned potential adopters.

Accountants better get used to change, according to Thomson Reuters.

“The cloud forms an important part of the future IT strategy of many UK accountancy firms, according to the results of the survey,” said Andrew Flanagan, managing director, professional market for the tax and accounting business of Thomson Reuters. “The main reason practices are looking to move to cloud- based solutions is to allow employees to work remotely; for example, from client’ premises and to enable use of new mobile devices.

“ In years to come, it seems inevitable that virtually all software and data will be ‘in the cloud’, mirroring the move from paper to electronic data - a new way of working that has occurred over the last few decades, but with the increasing pace of technology development it is likely to happen faster, ” he added.

ITPro

ITPro is a global business technology website providing the latest news, analysis, and business insight for IT decision-makers. Whether it's cyber security, cloud computing, IT infrastructure, or business strategy, we aim to equip leaders with the data they need to make informed IT investments.

For regular updates delivered to your inbox and social feeds, be sure to sign up to our daily newsletter and follow on us LinkedIn and Twitter.

Latest in Business Apps
Drew Houston, chief executive officer and co-founder of Dropbox, speaks during an event in San Francisco, California, U.S.
Dropbox layoffs continue as firm cuts another 20% of staff
Man sitting with headset on at desk in office
Migrating to enterprise voice: A strategic approach for modern businesses
An ambulance parked at night in the US, with two paramedics wheeling a patient in.
Slashing staff attrition in healthcare through digital employee engagement
Slack logo and branding pictured on a purple screen with silhouetted hand holding smartphone in foreground.
Slack AI agents shift looks to “unify” enterprise data and drive team synergy
Demystifying Google BigQuery's Autoscaler: an in-depth look
Demystifying Google BigQuery's autoscaler: An in-depth look
CFO 3.0 - Digital Transformation Beyond Financial Management
CFO 3.0 - Digital transformation beyond financial management
Latest in News
Ransomware concept image showing a warning symbol in red with binary code in background.
Healthcare systems are rife with exploits — and ransomware gangs have noticed
Application security concept image showing a digitized padlock placed upon a digital platform.
ESET looks to ‘empower’ partners with cybersecurity portfolio updates
Male software engineer working on a laptop at a home office desk with two PC monitors sitting on top of desk.
‘This shift highlights not just a continuation but a broad acceptance of remote work as the norm’: Software engineers are sticking with remote work and refusing to budge on RTO mandates – and 21% would quit if forced back to the office
Databricks logo and branding pictured on a MacBook Pro screen.
Databricks and Anthropic are teaming up on agentic AI development – here’s what it means for customers
Dell Technologies logo and branding pictured at the company's stall at Mobile World Congress (MWC) in Barcelona, Spain.
Scale of Dell job cuts laid bare as firm sheds 10% of staff in a year
Male employee sitting at a desk working on a laptop with earphones in and books scattered on desk.
Employees want purpose, and they’re willing to quit to find it – upskilling, career growth, and work-life balance have shifted priorities for workers