6
SPEED ADOPTION WITH
TRUE MULTI-TENANT
CLOUD ARCHITECTURE.
For software vendors, the ASC 606 standards necessitate complex changes in how
the software automates allocations. You can expect ongoing, iterative updates as
your provider gets a handle on how to support full compliance with this new rule.
Given this complexity, a cloud-based solution provides the advantage of automatic
updates and new functionality is added in the background with little or no interruption
to your business. Conversely, on-premises accounting systems will require you or a
consultant to apply the updates manually.
Lastly, cloud accounting software typically
syncs with other cloud systems more
effi ciently, seamlessly and elegantly. This is
critical since your accounting software must
support native connectivity to CRM in order
to activate the fl ow of contracts.
VI
" . . . your accounting
software must support
native connectivity to
CRM in order to activate
the flow of contracts."
