Date Added: Sep 2010
The more one know about cloud computing, the more one'll understand why it has received so much attention in recent years. Also referred to as hosted computing, cloud computing generally refers to a complete software solution that one firm accesses over the web. It uses a centralized data center, which is a facility used to house computer systems and associated components, such as telecommunications and data storage systems. Cloud computing provides secure anytime-anywhere access, high-level security and data privacy, and it holds the potential to bring about some of the most far-reaching efficiency and productivity improvements ever seen in the tax and accounting profession.