Small Business Labs: The Cloud's Impact on Business Models

InsightaaS: Small Business Labs is a blog site operated by Emergent Research, which focuses on “the key demographic, social, technology and business trends and shifts impacting small business formation and operations.” In this post, the folks from Emergent look at a report prepared by the firm for Intuit – and specifically, at the impact of cloud on the accounting industry.

I had an interesting time this week at Solutions 13, which is the Sleeter Group’s annual accounting solutions conference.

Over 800 people attended the event which focused on improving business processes through the use of mobile, cloud and connected services and technologies.

My biggest take away from the event was the impact cloud technologies are having on accounting firm business models.

The use of cloud-based accounting systems such as Quickbooks Online is fundamentally changing how accounting firms interact with their clients – and fundamentally changing industry business models.

The traditional way accounting firms service their clients is a different time – different place model…

Read the entire post: http://www.smallbizlabs.com/2013/11/the-clouds-impact-on-business-models.html

Access the report referenced in the post: https://blog.accountants.intuit.com/wp-content/uploads/2013/10/Intuit-Future-of-Accountancy-Report_11.8.13.pdf