“What we are seeing is that accountants are not rushing to move their stuff into the cloud,” said Sage Australia chief executive Alan Osrin.
“There is more of a movement for small business because there is maybe more of a practical application for small businesses and the cloud providers… but there definitely hasn’t been the shift from an accountants' perspective that some of the exclusively cloud-based providers have been hoping for.”
Speaking to AccountantsDaily, Mr Osrin said security concerns are the main reason why accountants do not want their practice management systems in the cloud.
“I think, first of all, some of the information is more sensitive, so people's tax information is a bit more sensitive than somebody's stock or debtors [so they are concerned] to have that sitting in the cloud,” he said.
“There’s a bit of a difference in a business putting their stock information and their debtors and their banking in the cloud than having their tax return in the cloud.
“I think there is still some reluctance to have tax returns stored in the cloud. I think there is definitely a bit of push back in that area - or not push back, but they’re not ready,” Mr Osrin said.