In exchange based computing, users access software applications remotely through the Internet or other network via a cloud application service provider. Using cloud computing software frees the business from having to install and maintain software on individual computers. It also allows employees in remote or branch offices to access the same data and the same version of the software.
Exchange Based Services
Cloud computing is the delivery of computing services, such as storage or software, over the Internet as opposed to those services being hosted on a user’s computer or provided within a local network. Because the Internet is sometimes referred to as The Cloud, services provided over the Internet became known as cloud-based services.
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Cloud computing accounting software is accounting software that is hosted on remote servers. It provides accounting capabilities to businesses in a fashion similar to the SaaS (Software as a Service) business model. Data is sent into "the cloud," where it is processed and returned to the user. All application functions are performed off-site, not on the user's desktop.
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