Growth of Online Account Service
“Online account service was born much before the invention of the WWW (World Wide Web). In those days managers and professionals used to dial into their office computer to achieve file management and other changes. ”
This age is an age of technology. Newer and newer inventions happen over a short period of time. The advance of technology also has left its mark in the business filed. These days companies tend to rely more on virtual space than on conventional means for the setting up and management of their offices and account sections.
In fact online account service was born much before the invention of the WWW (World Wide Web). In those days managers and professionals used to dial into their office computer to achieve file management and other changes. This could be done through the ordinary phone line as the modems were connected to them only.
But it had its limitations. The computers could not be accessed properly while traveling or from distant areas (sometimes not even from the neighboring city). The connection was also slow and didn’t serve the purpose of urgent corrections and adjustments.
Similarly, the modems weren’t quite functional on systems that were prevalent outside the US. The security aspect was also not fool proof and companies had to live with the ever present danger of sensitive data leak.
After the invention of the WWW everything changed. A standardized and easy system was devised so that flow of information could be secure and hassle-free. It’s then that the online account service emerged as a dominant business tool. What was more wonderful was that data could now be encrypted over secure connections.
The omnipresence of Internet has further allowed managers and executives to access online account services from any part of the world – while at land, in air or at sea. But as every system has certain loopholes and demerits, the present online account services also suffer from certain shortcomings.
The major one being that connectivity of Internet connection is still the key factor that ensures proper success of online account service. No doubt we have wireless modems, laptops and notebooks, but their connectivity is limited to the nearness of the wireless access point.
Some Blackberry’s and iPhones also have formats that are suitable for online accounting, but these are very limited in functions and allow you more watching than doing i.e. you cannot pay your bills, deliver invoices etc. while using them
However, we should always have a positive viewpoint and it’s only a matter of time when a company would come out with a fully functional blackberry or iPhone as far as online account services go. Let’s wait and watch.
Author - DeeKay
Tags - Finance, Economy
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