The accounting and finance industry is undergoing a digital revolution, with cloud technology at the forefront. According to Gartner, worldwide end-user spending on public cloud services is forecast to surpass $675 billion in 2024, driven by demand for flexible, scalable, and cost-effective solutions. For professionals using the Thomson Reuters Suite—such as UltraTax, CS Professional Suite, and other essential tools—cloud hosting is not just a trend; it’s a smart business decision. In this post, we’ll reveal how OneUp Networks helps firms like yours save expenses by 60% or more on Thomson Reuters Virtual Office —without sacrificing performance, security, or reliability.
The High Cost of Virtual Office Solutions
Many accounting firms rely on Thomson Reuters Virtual Office, a popular but expensive solution for remote access and collaboration. The standard pricing for Virtual Office starts at $125 per user, per month. For a mid-sized firm with 10 users, that’s $1,250 per month, or $15,000 per year—before adding any extra features or support costs.
What Is Thomson Reuters Cloud Hosting?
Thomson Reuters applications hosting on cloud means your software and data are stored on powerful remote servers and accessed via the internet, rather than installed on your office computers or local servers. Think of it like streaming a movie instead of buying a DVD—you get instant access, regular updates, and never have to worry about hardware failures or maintenance.
How Private Cloud Hosting Saves You Money?
Private cloud hosting with OneUp Networks offers a dramatically lower entry point—starting at $35.99 per user, per month. That’s a fraction of the cost of Virtual Office. For the same 10-user firm, the annual cost drops to just $4,319, saving more than $10,000 per year—over 60% in savings.
Cost Comparison Table
| Solution | Price per User/Month | 10 Users/Month | 10 Users/Year | Annual Savings (vs Virtual Office) |
|---|---|---|---|---|
| Thomson Reuters Virtual Office | $125 | $1,250 | $15,000 | — |
| OneUp Networks Cloud Hosting | $35.99 | $359.90 | $4,319 | $10,681 |
This table clearly demonstrates the massive cost advantage of cloud hosting for your Thomson Reuters Suite.
Beyond Cost: The Real Benefits of Cloud Hosting for Accounting Firms
1. Flexibility and Scalability
Cloud hosting uses a pay-as-you-go pricing structure, so you only pay for what you use. Whether you’re adding new users for tax season or scaling back in the off-season, you can adjust your resources and costs accordingly.
2. Reliability and Uptime
Unlike traditional servers or VPS solutions, cloud hosting offers redundant infrastructure. If one server fails, others take over, minimizing downtime. Most cloud hosting providers guarantee 99.99% uptime, compared to less reliable alternatives.
3. Security and Compliance
Cloud hosting providers like OneUp Networks implement robust security measures, including firewalls, DDoS protection, and automated backups. Your sensitive client data is stored in secure, compliant data centers, often exceeding the standards of in-house IT setups.
4. Accessibility and Collaboration
With cloud hosting, your team can access the Thomson Reuters Suite from anywhere—home, office, or on the go. This is especially valuable for firms with remote workers or multiple locations.
5. Reduced IT Burden
Cloud hosting eliminates the need for expensive hardware, high Cost of Virtual Office, on-premises servers, and dedicated IT staff. All maintenance and updates are handled by the provider, freeing up your team to focus on client work.
Real-World Example: An Accounting Firm’s Journey to the Cloud
A mid-sized accounting firm in Chicago with 15 staff members. They were paying $125/user/month for Virtual Office, totaling $22,500 per year. After switching to OneUp Networks’ cloud hosting at $35.99/user/month, their annual cost dropped to $6,478—saving over $16,000 per year. Hence, saved a big amount on Thomson Reuters Virtual Office.
Moreover, the firm experienced:
- No more server crashes or data loss
- Faster access to software and files
- Seamless collaboration between remote and in-office staff
- 24/7 expert support for any issues
How the Switch Works: Simple and Seamless
Migrating to cloud hosting is easier than you might think. OneUp Networks provides:
- Expert migration support: Our team handles the entire process, ensuring minimal disruption to your workflow.
- On-demand scalability: Add or remove users as needed, without long-term contracts.
- 24/7 support: Our technical experts are available around the clock to assist with any questions or issues.
- Free Trial: An option to test the feel of environment before actually paying for it.
Industry Trends and Expert Insights
According to Gartner, cloud adoption is accelerating, with 20.4% growth in public cloud spending expected in 2024. Accounting and finance firms are leading the charge, recognizing the value of cloud solutions for cost savings, security, and efficiency.
A Sage study found that 67% of accountants feel cloud technology has made their roles easier and more efficient. Intuit reports that businesses using cloud accounting solutions can reduce IT costs by up to 30%. With OneUp Networks, your savings can be even greater.
Frequently Asked Questions (FAQ)
Q: Is cloud hosting secure for sensitive financial data?
A: Yes. OneUp Networks Cloud hosting for UltraTax, CS Professional Suite uses enterprise-grade security, including firewalls, encryption, and automated backups. Your data is stored in compliant data centers, often exceeding industry standards.
Q: How difficult is it to switch from Virtual Office to cloud hosting?
A: The process is straightforward. Our team handles the migration, ensuring your data and software are transferred securely and efficiently.
Q: Can I access my software from anywhere?
A: Absolutely. With cloud hosting, you can access the Thomson Reuters Suite from any device with an internet connection, whether you’re in the office, at home, or traveling.
Q: What if I need to add or remove users?
A: Cloud hosting is highly scalable. You can add or remove users at any time, with no long-term contracts or penalties.
Q: What kind of support do you offer?
A: OneUp Networks provides 24/7 support via phone, chat, and email. Our experts are always available to help with any issues or questions.
Q: How much can I really save?
A: For most firms, switching to cloud hosting saves 60% or more compared to Virtual Office. For a 10-user firm, that’s over $10,000 per year.
Q: What if I have a very large team?
A: Cloud hosting with tax software is designed for firms of all sizes. Whether you have 5 users or 500, our solution scales to meet your needs.
Q: Are there any hidden fees?
A: No. Our pricing is transparent, with no hidden fees or surprises. You only pay for what you use and save more than 60% on Thomson Reuters Virtual Office
Why Choose OneUp Networks for Your Thomson Reuters Suite?
- Proven savings: Save 60% or more compared to Virtual Office.
- Enterprise-grade security: Protect your clients’ sensitive data.
- Unmatched reliability: 99.99% uptime and redundant infrastructure.
- Expert support: 24/7 assistance from cloud hosting specialists.
- Easy migration: Our team handles everything on cloud hosting for UltraTax, CS Professional Suite, so you can focus on your clients.
Note – OneUp Networks is an independent cloud hosting provider. We are not affiliated with, sponsored by, or endorsed by Thomson Reuters or any of its subsidiaries. All trademarks, service marks, and product names including UltraTax CS®, Practice CS®, FileCabinet CS®, and Fixed Assets CS® are the property of their respective owners.
Our services are designed to support clients who already own valid licenses of Thomson Reuters software and are seeking secure, reliable, and cost-effective hosting infrastructure.”
Visual Snapshot: Cost Savings at a Glance
Conclusion
Switching from Thomson Reuters Virtual Office to private cloud hosting with OneUp Networks is a smart move for any accounting or finance firm. You’ll save 60% on Thomson Reuters Virtual Office or more on costs, gain access to enterprise-grade security and reliability, and enjoy the flexibility to scale as your business grows. With expert migration support and 24/7 assistance, the transition is seamless and stress-free.
Join the thousands of firms already benefiting from the cloud revolution. Contact OneUp Networks today to start saving and take your practice to the next level.
Cloud hosting for UltraTax, CS Professional Suite is not just a cost-saving measure—it’s a strategic advantage for accounting and finance firms. With OneUp Networks, you get a partner dedicated to your success, offering unmatched value, security, and support. Make the switch today and experience the difference for yourself.
