Business Benefits of Cloud Accounting

Cloud Accounting BenefitsDiscover the top 9 benefits of cloud accounting below:

1. You can access your systems from anywhere.

You don’t have to be a “road warrior” to appreciate this. How about taking the family on vacation while still having access to everything you need? Or maybe, you want to use a different computer in different places? Cloud systems allow the flexibility to work from anywhere with an internet connection.

2. No costly servers to maintain.

This can be a large section of your expenses. Did you know that maintaining your own server can cost anywhere from $5000 and up per year? Cloud systems are usually just one monthly fee. Annually, you usually end up saving lots of hard earned cash.

3. Don’t have to worry about product updates.

Those pesky updates! Everyone has them, and eventually you have to do them. Not with Cloud systems. The Cloud companies do them automatically and the only thing you have to worry about is a service outage at 1am on Saturday night! Who’s working then?

4. Don’t have to worry about paying extra for additional features from year to year.

A lot of traditional software packages make you purchase their new version from year to year to get new features. Cloud systems follow a Software as a Service model, otherwise know as “SaaS”. They’ll give you new features for the monthly fee you pay. So no new fees for new features.

5. Don’t have to worry about data backups.

Let’s face it, everyone is concerned about not losing their important records. If not, you should be! Generally, Cloud systems use monstrous server farms that are provided by companies that safe guard these farms from natural disasters, power loss, etc. Chances are that if you house your own data backups, your data is way more susceptible to loss.

6. Can easily share information.

Whether it’s with investors, or your accountant, sharing information is as easy as giving them access to your service. No emailing spreadsheets or lengthy lists back and forth. Talk about a time savings!

7. Simpler interface.

Since Cloud systems are built to run in a web browser, most of the time the interface is cleaner, easier to use, and overall better functionality. Which in turn means that you will spend less time learning a new software and more time using it.

8. Are often part of more efficient workflows.

When you look for efficiency and time savings, Cloud systems are always in the top ranks. Just like the points we mentioned above, Cloud systems are easier to use, and the user interface is just plain nicer. Also, if you use one Cloud system, it’s just a hop skip and a jump to move to others.

9. Adds to your bottom line and increases profit.

Times savings directly effects your bottom line. When you can save time in using your business systems, you have more time to spend on income producing activities. And, since Cloud systems are easier to use, you don’t have to clog your brain with unnecessary stuff–which in turn gives you more brain power to spend on more important things–like growing your business.

Via iaccountingsolutions

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Trustantial is a full-service technology consulting firm focused on providing mid-market and enterprise customers with technology solutions that accelerate their business. We focus on industry leading cloud, ERP and CRM solution implementation and integration. Our strong business acumen and technology capabilities allow us to create long-term relationships with our clients.