What are the pros and cons of cloud vs on-premise audit software?

What are the pros and cons of cloud vs on-premise audit software?

Cloud audit software offers flexibility and scalability, while on-premise provides control and security. Would you like more details?

Yes, can you explain the security differences?

Cloud solutions often have robust security measures but rely on third-party providers. On-premise gives you full control over security protocols.

What about costs? Which is more cost-effective?

Cloud software typically has lower upfront costs but can accumulate subscription fees. On-premise requires a larger initial investment but may be cheaper long-term.

Are there any specific industries that prefer one over the other?

Yes, industries with strict compliance requirements, like finance and healthcare, often prefer on-premise solutions for better control.