The document discusses cloud computing, defining it as vendors supplying computing services over the internet. It describes how software as a service (SaaS) delivers software programs via web browsers. Factors driving cloud computing include broadband, web technologies, and server hardware/software. Cloud computing is presented as a disruptive technology that will destroy traditional software licensing models. The document lists various types of cloud software that can run a professional practice and the benefits of cloud accounting software, including flexibility, real-time access, and cost benefits.