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Is it possible to export our existing accounting/ERP data that is in-house so that the transition to cloud accounting would be seamless? (Webinar Attendee Question)

This question was asked by an attendee during the Proformative webinar "What's Stopping CFOs from Moving Accounting To The Cloud" held on February 20, 2013.  Please join the discussion and add your insights below.

A video of the webinar can be viewed here https://www.proformative.com/resources/webinar-video-whats-stopping-cfos-moving-accounting-cloud
 

Answers

Topic Expert
Doug Thompson
Title: Director of Revenue
Company: Castlight Health
(Director of Revenue, Castlight Health) |

It would be similar to any new software implementation, where there is configuration of the new system, setting up chart of accounts, loading customer and vendor data etc. But you might put in summary totals by G/L account for a certain number of prior years, and only have transaction data going forward.

Greg Pierce
Title: VP, Tribridge Concerto Cloud Services
Company: Tribridge
(VP, Tribridge Concerto Cloud Services, Tribridge) |

If they are like systems, then the migration process can be fairly easy. Otherwise there would be a data conversion process. Given that there are several main players in the ERP industry, many cloud providers have been able to leverage intellectual property to create import routines to streamline and reduce the migration burden.

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