The paper 'The Contemporary Business Organisations' is a wonderful example of a financial and accounting case study. In the face of the ongoing economic and financial crises worldwide, firms are looking for and focusing on ways that will allow them to consolidate both their ICT systems and services. In line with this endeavor, the discovery, adoption, and development of more effective information systems (IS) seem to be a common practice in most of contemporary business organizations. It has led to the birth and large-scale adoption of such enterprise systems (ESs) such as cloud computing whose primary aim is to solve the challenges that are synonymous with the traditional On-Premise ES (Loo et al.
2011, pg. 1). On the same breadth, this three-part report presents the issues surrounding the adoption of cloud-based accounting information system in business with a leading argument that such systems are set to revolutionize the contemporary business organizations. The term ‘ cloud computing’ connotes internet-based computing whose primary operational principle is to provide processing resources and data to shared computers as well as other devices when the necessity arises (Qusay 2011, pp.
16-21). The recent past has seen most businesses adopt cloud-based computing as an integral part of their ICT systems. The justification for such a change is the superiority of the cloud computing systems in comparison with the traditional information systems. In particular, the adoption of cloud computing has greatly affected the standpoint on outsourcing of ICT related processes and facilitated the creation of more effective service avenues that comprise a combination of outsourcing and cloud. Besides, cloud computing features a large variety of functionalities in both small, medium, and large enterprises.
Cloud computing comes with storage solutions that enable the businesses to not only store but also process their organizational data in third-party centers of data located at a distance from the user (Haghighat, Zonouz, Abdel-Mottaleb 2015, pg. 7905-7916). Similarly, cloud computing functions to achieve an economy of scale and coherence over an electricity network for the businesses that have adopted its usage. In some quarters, advocates of the system claim that it allows business organizations to save upfront costs of infrastructure like in the purchase of servers.
In that manner, it enables the organization to concentrate on their core objectives rather than wasting money on computers and the related infrastructure. The adoption of the cloud-based AIS systems in the commercial sense has led to the invention of several such systems whose applications vary depending on the business context. The first and most common example of cloud computing is the Webmail system which includes Google Mail, Microsoft, and Yahoo Mail. Others include online storage services like Humyo, Microsoft’ s Skydrive, Amazon’ s S3, and ZumoDrive which facilitate cloud storage of accounting information and critical data.
Another commercially used cloud-based AIS system is the Google Wave, where one can create a document and share it with others, allowing them to propose or make changes on the document without having to be in the same location with the creator of the document. Such a system facilitates accounting practices and activities and allows businesses to carry out their day-to-day accounting work seamlessly.
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