Wednesday, February 8, 2017

OVERCOMING MYTHS ABOUT CLOUD COMPUTING BY IFAC

"The cloud offers firms new efficiencies and improved ways of doing business."

 Released by IFAC FB Page on Feb 1, 2017, New York NY United States
Featuring the IFAC Interview video on October 31, 2016:


I think there is still a lot of concerns. Some real, not so much around in migrating to the cloud. And this is small firm up to large firm. We see this existing. Number one obviously is security. You know we hear over and over that if I put my data its at risk. And the big part of this is the media. You see security breaches, cyber security issues for major companies is in the press all the time.

What we  dont see are the little individual businesses that are having cyber security issues with their on premise software on a daily basis because also its news worthy.  (as a result) We feel like these cloud providers much worse.

But if you step back and look at the resources that the cloud providers are putting in the security its way more than an accounting firm ever put in to that function. So I certainly think that its a myth. You have more security in cloud.

I think the integration area is another area people are worried. They gonna get all these despair applications that really don't work together. And again I believe that's a myth. I think integration is easier in a cloud environment. Honestly, in our company Boomer Consulting we been cloud for seven years and we have better integration than we ever had and data flowing through out our ecosystem of apps we never had on when we had our on premise solution. And to add to that anytime, anywhere, any device accesses so much easier than what was in the past.

When an accounting firm first looks in migrating to the cloud naturally their focus on cost. And often though the make the cost analysis between on premise and going to cloud

One of the concerns in migrating to cloud is the security. But it is more safer to use the cloud technology than on premise. And really what we hear some organizations find that they have cost savings, others find the cost go up. Most find its pretty level. its because the resources that were invested in their infrastructure are go things like increase in the internet bandwith to make sure they can interact seamlessly with all those applications that are not in their local environment  So there is more of a shifting. So I'd say the majority people see a flat cost.

Now what are the other benefits? Why are people going and what do they recognized when they see, when they actually moved to the cloud. One is they can access their system anywhere and they can do that in any device.

I mean if they choose the right application that not only have browser experience but also have a similar mobile experience your team members can be very effective and very efficient when they are on the road just using their Iphone or any smart device.


Jim Boomer
Chief Executive Officer
Boomer Consulting Inc.



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A. IKONOMIKAL SECURITY FEATURES
Click for more details on the Security features of iKonomikal

1.  SSL (Secure Sockets Layer)
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2.  Microsoft Azure Firewall
3.  IP Address Lock
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5.  User Invitations
6.  Role Based Security
7.  API/Webserver Based Data Access
8.  Audit Trail Logs
9.  Self Service Database Restore
10. Geo Database Restore
11. External Database Backup Storage

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How Robust is Ikonomikal?
Click for more details on Robustness of iKonomikal

Robustness can be best understood by explaining the following features of iKonomikal in:

1. Error Handling and Integrity Checking
1.1. Error Handling - ability to anticipate or detect wrong entries and inform meaningful messages back to the user
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2. Scalability and Reliability
2.1. Scalability (Scaling Out) - ability to increase in performance or in numbers to handle a growing amount of work. Ikonomikal is built to scale out.
2.2 Ikonomikal Reliability - ability to perform as per specification and to recover back on failure. Ikonomikal together with Azure Services is reliable.


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iKonomikal Cloud ERP










What is iKonomikal?

iKonomikal is a proprietary, professional, comprehensive, integrated, 100% web based and self service ERP software.


IKONOMIKAL caters to small, medium and large enterprises under the business structure of either proprietorship, partnership, corporation or even cooperative for various industries in multi-locations, multi-companies (holding companies), governments, multi-branches or offices in multiple currencies for multiple users

IKONOMIKAL at present is useful in activities and reporting of
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Documents and reports  of iKonomikal can be displayed or printed or downloaded in the following formats:
1. PDF
2. Word
3. Excel
4. Charts

A user can export  iKonomikal Template to Excel, fill with data and then import to iKonomikal. This feature is good for the setup of master files and uploading of transactions.

Some of the iKonomikal features are as follows:

vPosting to Future Years
vLess than a Minute Month & Year End Closings
vProcess Payroll at 1 second per employee with all the earnings, deductions, reports & accounting entries
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vAutomatic Closing Entries to Income Summary & Retained Earnings upon Posting of Nominal Accounts
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vFree of Cost on Customization and Development


Please click also the following to know more about Ikonomikal

Suggested modifications, customizations and developments with general industry use is FREE OF COST.

Click to email: Teodoro Rolluqui 

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