SURVEY: The Risks of Subscription-Based Software

Businessman working on laptop with binary code in the backgroundPlus 7 key findings on SaaS, remote access and more.

By Randolph P. Johnston, Leslie Garrett and Brian F. Tankersley
The Accounting Firm Operations and Technology Survey

While subscription-based software has significant advantages, it also has some significant risks that need to be considered, including contingency planning, data backup, and data extraction and export when ending the relationship.

MORE FROM THE SURVEY: Ins and Outs of Email, Document Storage | Cloud Software Improves Financial Reporting | Accountants Quit Trying to Manage IT Themselves | How Top Tech Vendors Are Failing CPAs in the Cloud | Master Change, Master the Future
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Firms should have a clear plan for how they will operate if the cloud service is down for a day or more, including having enough data offline to permit manual preparation of payroll, invoices and other time-sensitive transactions.