AccessPay uses 100% cloud-based technology to transform payment, cash management and treasury systems for businesses and banks alike.

1. 10 Common Cloud Computing Myths

2. Executive Summary
Cloud technology has become hugely popular in the business world.
Most UK companies now use it in some form or other.
But many are still unclear about what the cloud is, and what it has to
offer - and they’re not helped by stubborn myths that refuse to go
away.
To help you decide whether cloud computing is right for your business,
here are 10 of the most common cloud myths; fully debunked to
reveal the truth…

3. Myth 1: I don’t know what the
cloud is!
Truth: You probably use it already
The cloud is simply remote access computing, with all the required
hardware and software stored in a remote location. If you send
emails using Hotmail or Google, you’re using it already.

4. Myth 2: The cloud lacks security
Truth: Security in the cloud is likely to be tighter than your existing
system
Cloud security is improving all the time. In most cases, cloud vendors
will have data encryption and security procedures more stringent and
advanced than your own…

5. Truth: A few days is more likely…
Good cloud providers take care of all aspects of migration, and they will
make the process quick and painless – usually no more than a few days.
Myth 3: Building a cloud can take
months

6. Myth 4: The cloud is expensive
Truth: Cloud services can actually save you money
With the cloud, you don’t have to buy or install anything, which
removes the need for up-front capital expenditure.
According to the International Data Corporation, almost every SME
that uses cloud services saves money.

7. Myth 5: The cloud comes in one
size only
Truth: It’s flexible, modular and can grow with your business.
The cloud is a flexible solution, and can be used on a modular basis, so
you only pay for what you use and can scale up or down on demand.

8. Myth 6: You can get stuck in the
cloud
Truth: You can move in and out of the cloud with ease
Being ‘locked in’ to a cloud provider is a genuine concern for many
businesses. However, all good cloud providers offer seamless
integration to move in and out of the cloud easily.

9. Myth 7: The cloud is unreliable…
I could lose data!
Truth: The cloud is probably better at backing up than your current
system
If you have ever struggled to maintain backups you’ll love the cloud –
good providers have regular automated backups to ensure data is fully
recoverable in the event of a disaster.

10. Myth 8: The cloud will affect my
compliance.
Truth: Any good cloud provider will ensure you comply
You can easily meet the latest security standards in the cloud – a good
cloud provider will ensure the latest security compliance requirements
are always adhered to.

11. Myth 9: I won’t have time to
maintain the cloud
Truth: Relax! You don’t actually need to do anything…
There’s no need to worry - the cloud takes care of tasks like
managing software upgrades and maintaining server equipment
for you.

12. Myth 10: The cloud won’t last
Truth: It will outlast your personal computer
We rely on the cloud so much already that we can be sure it isn’t
just a passing fad.
Gartner research has forecasted that more than 50% of businesses
will adopt and implement some kind of cloud-based application by
the end of 2015.
And the cloud isn’t just for businesses - Gartner has also forecasted
that the cloud will dominate the digital lives of consumers by 2014 -
replacing the personal computer!

13. AccessPay – 100% cloud-based payment solutions
AccessPay provides 100% cloud-based Payment and Cash Management Solutions with
bank-grade security.
The cloud allows us to offer our clients key benefits such as:
• Zero capex
• Global mobile access
• Cloud platform security
For many businesses, the idea of cloud computing might still seem daunting; but the
time, money and energy saving benefits can offer significant competitive advantages.
The cloud is going to be a part of the business world from now on. There’s no escaping
it, but little reason to fear it either!

14. Any Questions?
AccessPay
CEC Winchester - Crawford Place,
259-269 Old Marylebone Rd,
London
NW1 5RA
Tel: +44 (0) 203 282 7152
Email: info@accesspay.com
Website: www.accesspay.com
Blog: blog.accesspay.com
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