Benefits & Risks of Cloud Accounting Implementation (A Case Study Approach) Kevin Deniswara(a,b,*), Sonnia Christin(a,*), Archie Nathanael Mulyawan(a), Theresia Lesmana(a), Setiani Putri(a)
a Accounting Department, Faculty of Economics and Communication, Bina Nusantara University, Indonesia
b Business Risk Management - Research Interest Group, Bina Nusantara University, Indonesia
Cloud Accounting is the innovation result of digital disruption in accounting, which is a form of ERP System combined with Cloud Computing in Software as a Service with the public deployment model. This study aims to explore the risks and benefits of cloud accounting system implementation in a company. This study was conducted with a qualitative case study method and thematic analysis through data coding in one of digital services companies in Indonesia. Literature studies and open-ended semi-structured interviews are the data collection tools which are used. This study uses the Technology-Organization-Environment (TOE) Framework to explore the benefits and risks of cloud accounting implementation. Findings from participants show that cloud accounting is beneficial from technology, organization, and environment side, including improving business performance due to ease of access and the simplicity of use, as well as complying with regulation and results in generating reliable financial statements. There are some risks from the system such as the risk of obstacle in work due to unstable internet connections and also the risk of losing data because they are stored on a cloud server that is easily attacked by hackers.
Keywords: Cloud Accounting, Cloud ERP, Cloud Computing, Software as a Service, Technology Acceptance Model, ABC Model
