If you run a small business, you are probably aware of the increasing demand for cloud based software. Perhaps a lot of you are wondering how your business will benefit. Let’s discuss some of the major benefits of implementing a cloud based system:
Security and Reliability
Security seems to be the biggest concern that small business owners have when considering cloud based accounting. If you have any concerns about security in the cloud, using a cloud system is actually much safer and reliable than storing your data on your own server. A decade ago, people had the same fear about internet banking. Today, internet banking is ubiquitous.
If you own a smartphone or a tablet, you’re probably willing to conduct as many of the daily activities as possible on your handheld devices. It helps you run and monitor your business efficiently while you are on the road. For example: you can easily enter a sales quote into your financial system in real-time from anywhere and anytime. Imagine yourself doing a random check on your company’s financials, while you’re on vacation at the beach in Tahiti!
One File, Multiple User Access
If you have a more than two people operating in your office, then you’re probably looking for a system that can give multiple accesses to all the files at any time. With just a few clicks you can provide data access to your accountants and bookkeepers, so that each one of them is able to do their work on time. This way you won’t need to carry files from one place to another physically or have five versions of an Excel Spreadsheet. You can simply share the data with your accounting team and let them do their work while you can handle other more important assignments. You can log in and look at their work at any time to check on their progress.
Affordable and Quick
Your business can save a lot of money with cloud software, regardless of its size. All of your business’ data is stored in the cloud, which means it’s stored in a remote server. Thus, you don’t need to spend money on purchasing, upgrading, or maintaining hardware and software. You also don’t need to hire technology staff to install, configure, maintain or monitor the software! This allows you to hire resources to focus and grow other areas of your business. Cloud accounting has emerged as an affordable and safe way of managing a business’ financial data. Contact SMB Suite today and learn how migrating to a cloud based financial accounting solution can help your business grow smarter.