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Craig Walker

CTO at Xero

Member Since November 2012

ACT,

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24 FOLLOWERS

CTO @ Xero - Beautiful Accounting Software

Qualified skills

Taxation
Accounting
Payroll
Bookkeeping
Business Consulting

Craig Walker answered this question

What accounting software package should a small business use?




Hi Todd
Security and data privacy are important issues and at Xero we're very open about the fact that you need to ask the question of providers about what they do to mitigate the risks. As you can see on our security page (http://xero.com/security/ ) we do a lot to make sure that your data is both well protected and kept private. It's important to note that we provide a level of security and data protection no small business could ever afford to maintain for their own systems - that's the economies of scale that the cloud enables - we can provide bank level security for a low-cost product because we're providing that product to lots of customers.
There was actually an article in CIO magazine just this week on this topic (http://www.cio.com.au/article/441854/_absolute_garbage_comm_bank_cio_dismisses_security_data_sovereignty_cloud_barriers/ ). Basically the CIO of one of Australia's largest banks (Commonwealth Bank of Australia) was talking about how concerns about security in the cloud are "absolute garbage". While we wouldn't use those words to describe these concerns we do believe that moving to the cloud is less about building technology and more about building trust. CBA happens to be one of our partner banks and our banking partners require us to maintain security measures that meet their high standards.

Some more thoughts here: http://blog.xero.com/2011/08/when-cloud-is-not-the-same-as-cloud/

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Craig Walker answered this question

What accounting software package should a small business use?




Hi Todd
Security and data privacy are important issues and at Xero we're very open about the fact that you need to ask the question of providers about what they do to mitigate the risks. As you can see on our security page (http://xero.com/security/ ) we do a lot to make sure that your data is both well protected and kept private. It's important to note that we provide a level of security and data protection no small business could ever afford to maintain for their own systems - that's the economies of scale that the cloud enables - we can provide bank level security for a low-cost product because we're providing that product to lots of customers.
There was actually an article in CIO magazine just this week on this topic (http://www.cio.com.au/article/441854/_absolute_garbage_comm_bank_cio_dismisses_security_data_sovereignty_cloud_barriers/ ). Basically the CIO of one of Australia's largest banks (Commonwealth Bank of Australia) was talking about how concerns about security in the cloud are "absolute garbage". While we wouldn't use those words to describe these concerns we do believe that moving to the cloud is less about building technology and more about building trust. CBA happens to be one of our partner banks and our banking partners require us to maintain security measures that meet their high standards.

Some more thoughts here: http://blog.xero.com/2011/08/when-cloud-is-not-the-same-as-cloud/

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