reasons to adopt cloud accounting in the present time
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REASONS TO ADOPT CLOUD ACCOUNTING IN THE PRESENT TIME
Welcome Networks
Today number of businesses have chosen to embrace cloud accounting in recent years. Business management software and services supplier Sage books at the reasons behind the adoption of this technology and why more businesses are looking to take on cloud accounting in the present time.
CLOUD ACCOUNTING IN THE PRESENT TIME
Today’s work environment is highly competitive and businesses need an advantage in order to stay ahead. With cloud collaboration solutions you can improve customer satisfaction while also reducing overall costs relating to fuel consumption, jobs completed per day, and much more.92% of businesses are completely satisfied with their cloud based services.
Client Satisfaction
Cost reductions and financial savings are seen as the main advantages of cloud accounting. 33% of companies see having to purchase fewer infrastructures as the major benefit, followed by initial cost savings, reduced infrastructure configuration and lower cost of ownership.
Cost Reductions and Financial Savings
46% of SMEs feel that a lack of knowledge has stopped them from adopting cloud-based services, followed by security and privacy worries and issues with connectivity and reliability.
Challenges of cloud accounting
Cloud Accounting in 2013
A number of businesses have chosen not to adopt cloud accounting in 2013 for the following reasons
Lack of knowledge
Security & privacy concerns
Connectivity or access & reliability
76% of business who use cloud services plan to increase their usage in 2014
TOP REASONS TO EMBRACE CLOUD ACCOUNTING IN THE PRESENT TIME
Emergency Requests
The service industry is filled with the need to respond to urgent requests. Cloud collaboration will allow your dispatchers to quickly communicate with field technicians, review location and job status, and route to the customer as quickly as possible.
TOP REASONS TO EMBRACE CLOUD ACCOUNTING IN THE PRESENT TIME
Access anywhere at any time
Everything from account balances to outstanding invoices can be accessed securely 24 hours, 7days a week from any web based device, with no need for a traditional accounting system loaded on a single PC.
TOP REASONS TO EMBRACE CLOUD ACCOUNTING IN THE PRESENT TIME
Immediate Feedback
You can receive almost instantaneous feedback through cloud collaboration in your service scheduling software. This allows you to respond promptly to issues and react quicker to market changes. A faster response will improve customer perception and prevent any growing issues from getting too big to handle.
TOP REASONS TO EMBRACE CLOUD ACCOUNTING IN THE PRESENT TIME
Reduction and spread in costs
Cloud accounting software can be installed for free and paid for monthly, with no extra costs for upgrades. You also only have to pay for what you use, making it a popular choice for start-ups and SMEs.
TOP REASONS TO EMBRACE CLOUD ACCOUNTING IN THE PRESENT TIME
Increased Security
All data is stored on the cloud. This is continually backed up, so you never have to worry about losing data or performing regular backups.
TOP REASONS TO EMBRACE CLOUD ACCOUNTING IN THE PRESENT TIME
Improved Data Accuracy
The software can pinpoint errors and download real-time data, removing the need for data entry process which can be time-consuming, prone to error and expensive.
TOP REASONS TO EMBRACE CLOUD ACCOUNTING IN THE PRESENT TIME
Easy and instant communication with your accountant
Being able to share data and work on accounts at the same time as your accountant can lead to better communication and improved business decisions.
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