If you’re looking to the clouds, your finance function is a logical place to start, as it tends to touch all areas of the business in one way or another.
Cloud technology is more than just a trend, it’s fundamental for modern businesses to work together efficiently in a world where remote working is the norm for many. According to a recent Forbes Advisory Survey, completed by 1,100 respondents between 22 May and 2 June 2024, 63% of respondents worked remotely either all or some of the time. Work schedule adaptability and remote working are not the only benefits of a cloud accounting system, keep reading to find out more!
1. Security
When your financial data is hosted in the cloud, your hosting provider focusses on keeping your data safe, while you focus on business. The top hosting providers have the expertise and resources to take care of your data at a level which generally can’t be matched in-house, using a mix of backups, encryption, verification and authentication technologies, which are continually monitored and developed to stay ahead of the game.
2. Automatic Updates
With cloud software, updates (including new features, enhancements and security patches) are automatically deployed across the business. This ensures that everyone in your business is using the most recent and secure version, without relying on manual updates and spending time upgrading each device.
3. Collaboration & Productivity
Forget about emailing documents back and forth! With cloud accounting, everyone can work collaboratively in real time. This solution is safer than emailing documents, eliminating issues with mixing up different versions and ensuring that everyone is always working from the most up to date version. Modern cloud solutions are also designed to easily integrate with each other, so you don’t need to re-enter information into each platform.
4. Accessibility
Here comes the ‘C’ bomb… it’s no secret that Covid-19 has shown us all just how unpredictable the world can be. Modern cloud accounting software has the tools you need to adjust to virtually anything the universe throws your way, allowing you to easily adapt to different working situations with ease. Infact, some businesses are even getting rid of their office space all together, as you don’t need a physical office space to store and maintain a physical server when all your data is stored in the cloud.
5. Adaptability
In addition to accessibility, cloud solutions also allow for more adaptability and flexibility. With a cloud system, it’s highly unlikely that you will need to purchase new hardware, like servers, as you grow and change. For example, you could temporarily expand usage capacity during busy periods and reduce it again once demand has decreased, add new modules and users in just a few clicks or alter the run times of your systems.
Cloud Accounting Software
If you want to drive your business forward in the digital age, you need to have the right tools. There are a variety of different cloud accounting platforms available for different budgets, including:
Sage Intacct
Sage Intacct is the best-of-breed cloud finance software and has been rated #1 in customer satisfaction for 9 years in a row by G2. Find out more here.
Sage 200 Standard
Sage 200 Standard is based in the cloud and has a modular structure which can be built around your specific industry needs. Find out more here.
Sage 200 Professional Hosted with Azure
Sage 200 Professional isn’t natively cloud but it can be hosted on Microsoft Azure to give you all the advanced features, along with the added benefits of cloud. Find out more here.
Sage Business Partner
No matter what platform you’re currently using for your accounts, our experts can help you. We’ve migrated many clients to the cloud from a variety of different accounting platforms. We can also support you with hosting on Microsoft Azure, setting up backups and much more.
If you’d like more information about Sage 200 or Sage Intacct, call us on 01332 959 008 or use the contact forms to get in touch!
Interested to know more about our Sage solutions?
Call 01332 959008 or enquire online today
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