What Does Accounting as a Service (AaaS) Mean?
Accounting as a service (AaaS) is a business and technology term used to refer to innovative next-generation methods of providing accounting services to a client. Aspects of accounting as a service include the idea of using cloud services to provide accounting services, and the idea that accounting becomes a modular service design, rather than a traditional office-to-office relationship.
Techopedia Explains Accounting as a Service (AaaS)
To understand the context of accounting as a service, it is necessary to understand the term software as a service (SaaS) as it has evolved. The rise of the cloud enabled all sorts of software as a service options where companies began to offer software through the internet, often on a subscription basis, instead of out of a box with a license key. The cloud computing age changed software delivery forever, and spawned a whole host of similar terms such as platform as a service (PaaS), infrastructure as a service (IaaS) and identity management as a service (IMaaS).
