Why Fast-Growing and Start-Up Companies are selecting the Cloud for Financial and Accounting Software?
Cloud-based accounting software’s do all the same functions as your conventional on-premises or self-install accounting software’s do; on the other hand, the key variation is that cloud-based software is hosted on remote servers, they even provide additional benefits in storage and security.
These systems work by sending data to the cloud, where it is refined first, and then returned back to the user. All functions of the application are performed off-site, rather on the user’s computer. Users can tenuously access their data anywhere they have internet access simply by using Cloud’s application software provider. A rising number of business owners are making their switch to cloud-based accounting software.
Here are some of the few benefits experienced:
Guard’s physical hardware and paper document loss, theft, or damage.
Almost everyone has their share of experiences in data failure, whether it’s a broken laptop, file boxes or folders being misplaced, or the worst of all: the “Blue Screen of Death.” For those running an important accounting operation, your living depends heavily on being able to swiftly and consistently situate business documents and data. The cloud is one of the most protected places for you to store business and accounting data. Again, this is only because the cloud is stored securely on the encrypted off-site servers. Your data is always guaranteed as a back-up and is effortlessly accessed through the internet. Cloud computing provides a level of electronic and physical safekeeping of which an onsite server or locked file cabinet cannot match up to.
Providing a lucid, concurrent financial picture.
The powerful, technologically-savvy blend of cloud-based document management, account integration software, and an automated workflow system creates a situation allowing a confident view of the present state of your company’s financials. Obsolete software’s and manual bookkeeping systems can have a drawback to your business, as they tend to decelerate the invoicing and collection system. In order to make effectual business decisions, you need the most advance information available. Cloud accounting allows you to approach your true cash flow. You will always have a concurrent view of exactly how much money you have coming in, how much money you currently have ,and how much money you have going out. Additionally, cloud-based accounting software eases the process for you, your accountants, associates and other advisors who administer your company’s financial data.
Spend less time on administration and more on business growth.
In this digital age, where everything is accessed online, there’s one question which needs your attention, is, Why spend time in manually reentering data into our personal accounting system, when you can use a cutting-edge cloud-based document management software that goes parallel to the workflow, and accounting integration system? With that, you can easily switch time, money, and resources away from sluggish administrative duties, and toward business growth and innovation.
Trim down the risk of fraud or exploitation.
It’s shocking, but true. Fraud impacts 29% of businesses and especially for small businesses or start-ups frauds can go undetected for an average of 18 months, resulting in a staggering loss. Better controls can dramatically shrink the risk of fraud or exploitation. This is especially true for the small businesses or companies that lack in the knowledge or infrastructure to prevent it. Cloud-based accounting software has a control for accessing sensitive data and cash information by appointing certain data to the individuals. All it takes that one illegitimate individual with a devious plan that may cause extensive damage to your company.
Is your business ready to fly in the cloud? The time is right to make the switch to Cloud technology. Inspirria is your trusted partner to assess and understand your company’s exact requirements which will enable you to be a Cloud powered enterprise. We are the Premier Partner of leading Cloud product companies like NetSuite, SilkRoad, Workforce Software, Google, Box and Docusign and are the largest NetSuite Solutions provider in Asia.
Switch to Cloud-Tech? Switch to Inspirria.