5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Investing

Cloud2Me Survey Unveils Major IT Hurdles Faced by Accountants in Cloud Migration

by
November 24, 2024
in Investing
0
Cloud2Me Survey Unveils Major IT Hurdles Faced by Accountants in Cloud Migration

Cloud2Me’s latest survey conducted at AccountEx Manchester sheds light on the significant challenges accountants face when transitioning to cloud-based IT solutions.

In an era where digital transformation is the key to staying competitive, many accounting firms are grappling with complex IT setups and the obstacles that come with moving to the cloud.

According to the survey, nearly half (46%) of accountants surveyed operate with a hybrid IT setup, combining both cloud and server-based applications. Just over a quarter (27%) have fully embraced cloud-only (SaaS) solutions, demonstrating a growing shift toward digital-first operations. Yet, the survey also highlights the persistence of more traditional setups, with 11% of firms still using hosted desktop providers and 14% relying on office-based servers to run their desktop software.

However, it’s not just about the choice of infrastructure—it’s about overcoming the obstacles that cloud migration presents. The survey reveals that accountants are facing significant hurdles as they attempt to modernise their IT systems, with the top three cited reasons being:

A lack of time and headspace
A shortage of internal IT experience
High migration costs

Other significant barriers to fully adopting the cloud included concerns about downtime, uncertainty about uncapped cloud-related costs and an ongoing preference to accountancy desktop apps to their cloud versions!

“Accountants are navigating a difficult landscape when it comes to IT transformation,” said Jack Bedell-Pearce, Cloud2Me’s Business Development Director who was at the convention. “Our survey highlights that many are embracing a ‘best of both worlds’ approach as evidenced by nearly half of all respondents opting for a hybrid approach. Those that are struggling to make the transition to hybrid are mostly worried about the migration process. This doesn’t have to be as difficult as it sounds, especially if they opt for a Hosted Desktop setup, where companies like Cloud2Me can effectively clone, virtualise and migrate their existing hardware setup relatively easily.”

Another key finding from the survey is how IT management responsibilities are handled across firms. While just over a third (38%) have in-house expertise (usually a Partner or Director with IT experience), a whopping 59% of firms continue to rely on local IT support providers (MSPs). While this has traditionally been a good model for practices running in-house servers for their accountancy applications, generalist MSPs may not have the relevant expertise to virtualise such specialist software. This in turn would explain our top three challenges to the adoption of a hybrid/cloud setup – a lack of experience, time and high cost.

About Cloud2Me

Cloud2Me specialises in cloud migration and IT solutions, tailored to help businesses make the transition to cloud infrastructure. With a focus on efficiency, cost reduction, and minimising downtime, Cloud2Me partners with firms of all sizes to deliver scalable, secure, and future-proof IT solutions. For more information, visit Cloud2Me’s website.

Previous Post

How the NHS Can Offer a Consistent Bariatric Service

Next Post

DigiPlus says no plans yet to develop Boracay property

Next Post
DigiPlus says no plans yet to develop Boracay property

DigiPlus says no plans yet to develop Boracay property

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Bid invitation issued for P349-million upgrade of Bacon, Sorsogon airport 

    Bid invitation issued for P349-million upgrade of Bacon, Sorsogon airport 

    July 7, 2025
    CA rules in favor of BIR in cigarette tax evasion case

    CA rules in favor of BIR in cigarette tax evasion case

    July 7, 2025
    DTI launches e-commerce trustmark

    DTI launches e-commerce trustmark

    July 7, 2025
    PHL food retailers seen growing 7% — USDA

    PHL food retailers seen growing 7% — USDA

    July 7, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.