K2 Tech Update Header
Published by
The K2 Enterprises Team
 
JULY 2009
Greetings!
 
In this month's K2 Tech Update we explore SaaS data security and compliance with Steven Ladd, CEO of Copanion, Inc.  Steven lays out seven critical questions you must consider when selecting a SaaS vendor.

You'll also find technology tips for QuickBooks, Excel, and Outlook, along with a few news stories we thought were important.


We hope you find this issue timely, relevant, and useful.
  Let us know what you would like to see in future issues.

The K2 Team
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TechTips_Quickbooks

Understanding QuickBooks' New External Accountant User Feature

New in QuickBooks 2009 Pro and higher is the ability to specify a user as an External Accountant User.  This new feature is designed for those in public accounting who are logging on to their clients' data files and who are seeking a greater level of security for both themselves and their clients.

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Use Scenario Manager To Save "What Ifs" In Excel

Scenario Manager is a long-standing, little-used feature in Excel that can save you time and frustration when performing what-if analysis. Used to store various sets of assumptions - or scenarios - Scenario Manager makes obsolete the common practice of storing multiple versions of the same workbook, each with a different filename, when attempting to save different sets of assumptions for future recall.


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Need Directions?
Let Outlook Show You the Way

One of the least-known features in Microsoft Outlook is the program's capability of displaying a map, showing the location of a Contact.

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K2 Technology Tips Videos Now Available Online

Free Video Tips Available for all to View

K2 Enterprises is pleased to announce the availability of a continuing series of free technology-centric video tips.  Since January of this year, the staff at K2 Enterprises has been creating and publishing on YouTube series of video tips focusing on practical applications of technology. Tips related to Excel, Word, Outlook, and QuickBooks are among the topics covered so far. To date, the response to this free service has been terrific, with over 2,000 views of these videos recorded.

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Protecting Client Data and Maintaining Compliance in an Emerging SaaS World

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Seven Critical Questions to Consider with SasS Vendors

By Steven Ladd, CEO, Copanion, Inc.

As the tax and accounting profession continues its transition to SaaS (Software as a Service), client data is moving outside the walls of firms and into the "cloud." For many, this raises concerns over data security and compliance-concerns that tend to overshadow the power, convenience, and cost-effectiveness of SaaS applications. The reality is that data security, specifically, has been a long-time concern within the tax and accounting profession-hindering the mass adoption of SaaS. The bigger reality is that data security is not wholly reliant on the application itself, but rather on the vendor's internal controls for handling the data.

Fully aware of the profession's concerns, leading SaaS vendors are taking the extra big steps necessary to ensure security of client data and help firms comply with rapidly changing mandates.


Seven Critical Questions:
1. Does the vendor publish a Privacy Policy?
2. In addition to publishing the Privacy Policy, have the vendor's privacy practices and enforcement been validated by a credible, qualifed third-party?
3. What is the process for data encryption while in transit to and from the SasS vendor's data center?
4. Is data housed and processed in a SAS-70 Type II data center?
5. Has the vendor completed a SAS-70 Type II audit?
6. Does the vendor use a third-party entity to consistently test and certify against security vulnerability?
7. Do vendor processes comply with IRC 7216?

>> Read the full article
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thompson_reuters_logoThomson Reuters Announces SaaS Platform for CS Professional Suite

The Tax & Accounting business of Thomson Reuters announced on June 24, 2009 the availability of their CS Professional Suite products, as well as Microsoft® Office® and Exchange®, on a new SaaS (Software as a Service) platform. With the Thomson Reuters SaaS option, users pay monthly software leasing fees rather than up-front purchase fees and access their software over the web via ASP (Application Service Provider) technology.

>> Read more here
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google_chrome_logoGoogle Enters the Operating System Battle

Even though the release of Microsoft Windows 7 is scheduled for October 22, Google has decided to enter the operating system battle by releasing the Google Chrome Operating System. First reported on Google's official blog, the Google Chrome OS will initially target the burgeoning netbook market and availability is expected in the second quarter of 2010.


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Apple Announces the New iPhone 3G S -- The Fastest, Most Powerful iPhone Yet

One June 8, Apple introduced the new iPhone 3G S, the fastest, most powerful iPhone yet, packed with new features including improved speed and performance, longer battery life, a high-quality 3 megapixel autofocus camera, easy to use video recording, and hands free voice control. iPhone 3G S includes the new iPhone OS 3.0, with over 100 new features such as Cut, Copy and Paste, MMS, Spotlight Search, landscape keyboard and more.


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About K2 Tech Update

K2 Tech Update is published by K2 Enterprises
and features technology and productivity news, information,
and tips for accounting and financial professionals.


Keep up with the latest news and information
regarding Accounting and Finance Technology today!


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