Accounting firms store a plethora of sensitive financial information powered by technology. However, this technology comes with the added risk of data breaches, According to Accountancy Age, firms are the middlemen for many other companies, which means if a hacker gets into the firm’s system, they have access to their clients’ records.

Data breaches can be catastrophic for a firm, with some small firms closing business after an attack, In the event of a breach, accounting firms have to answer to their clients and the Security and Exchange Commission, too.

With Hosted applications gives clients and accountants quick access to their accounting data from anywhere at any time. Accountants and their clients have the ability to collaborate real-time with the application and there is no need to retrieve backups of company files. At MDL, we include backup and maintenance in cloud plans. Accounting firms that use our hosted applications will quickly see the value that it can add to their business.