A 2009 study by CFO Magazine reports that the average mid-sized organization is spending $1.2 million annually to maintain their on-site enterprise resource planning (ERP) solutions, which are largely financial software centric. When coupled with the record staffing turnover, a decline in the economy, changing employee requirements and a growing array of new accounting compliancy needs, it no longer makes sense for organizations to lock themselves into technology and employee contracts.

Internet accounting provides business owners with the freedom to focus on their key business objectives rather than the increasing regulatory requirements, new reporting standards and the growing staffing complexities of running a global business. By trusting accounting procedures and practices with internet accounting, business owners have more time to concentrate on strategic initiatives and growing their business versus ongoing staff training and technology upgrade needs.

Internet accounting is a low cost, high return accounting solution replacement to the enterprise resource planning (ERP) installations matched with internal accounting staffs. By replacing the aging on-premise paradigm with a people, place, platform value proposition: outsourced accounting experts, outsourced technology and its best practices and workflow framework, internet accounting is a strategic accelerator to mid market CFO's and controllers.

Internet accounting customers can reduce costs of up to 40% per year by using it's all encompassing solutions to handle their organization's routine accounting in a new, proven accounting on demand framework. And because it is an accounting solutions enabler, it is software agnostic. Additionally, there is a wide range of "soft" costs achieved by strategic CFO's and Controllers refocusing executive talent on ROI and business building activities. Internet accounting matches the right technology solution, to the right people and the best practices that are right for growing a company.

Internet accounting offers customers with access 24x7 to their financial and accounting information however they want it and whenever they want it. Secure, role based and customized portals are established for each customer, who maintains a level of access controls and communication methodologies that are desired. This should include (but is not limited to) full access to accounting ledgers, employee, partner, vendor and customer information via a sophisticated document system, calendar, processes and status of the current account cycle and activities on a 24x7 basis. Access is strictly controlled by the user and with strongly enforced security.

Security is very important when it comes to financial business documents. With internet accounting, all data and applications are hosted in highly secure data centers distributed across the country. This includes the highest level of defense against viruses and other attacks. The internal operational systems are isolated from the customer data and only the required back office applications are allowed to access the customer data in a secure and audited environment.

With internet accounting's professional finance and accounting services everyone wins! When it's time for a liquidity event, internet accounting clients will be virtually audit compliant. Businesses get perfect finance and accounting solutions with a high value, but at a low cost with internet accounting.