Article Published In Vol.8 (May-June 2020)

Optimized Cloud Architecture for Scalable and Secure Accounting Systems in the Digital Era

Author : Rajani Priya Nippatla and Punitha Palanisamy

The rapid evolution of cloud computing has transformed various industries, particularly financial services, by providing scalable, secure, and efficient accounting solutions. Traditional on-premise accounting systems are increasingly inadequate in managing the growing volume of financial transactions, making the need for optimized cloud architectures more urgent. This paper presents a comprehensive framework for a cloud-based accounting system designed to scale with increasing transaction loads while ensuring robust security. Key components of the architecture include data collection, preprocessing, cloud integration, transaction processing, security implementation, fraud detection, and deployment in the cloud. The proposed system leverages cloud-native technologies such as microservices, serverless computing, and automated scaling to handle dynamic transaction demands. Additionally, the system integrates advanced security features like multi-factor authentication, encryption, and the fraud detection to protect sensitive financial data. The results demonstrate the system’s effectiveness in improving the scalability, security, and performance of cloud-based accounting systems in the digital era. The fraud detection system achieved an accuracy range of 93.5% to 97.5%, with peaks around 2 and 6 hours, while transaction latency fluctuated, with notable delays at 2 and 4-second intervals.

Keywords: Cloud computing, cloud architecture, accounting systems, fraud detection, transaction processing, cloud-native technologies