Cloud computing, a type of computing and storage service that uses a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server, has now become a significant key to business success.

Commissioned by Google, Vanson Bourne had conducted a research that questioned 100 senior executives within the finance departments at UK companies.

According to the research, data revealed that there are 93% of financial decision makers that believe that cloud computing, of which online accounting is one of the examples, will be an important element to the success of their businesses over the next couple of years.