If you are already using software in the cloud, you already know how productive and efficient you can be thanks to the power of the cloud with customer data.
Here at Nudge Accounting we have a specialised team of experts ready to assist you with anything related to bookkeeping and professional accountancy. Contact us today for more information about our services, we will help you achieve your goals.
And why is it important that it is in the cloud?
For security: Although some people and / or sites speak that it is a disadvantage of the programs in the cloud, but it is clear that any server is under threat of a computer attack, but do not fool any computer of a company is.
What does Cloud or cloud mean for the finance department
The benefits of moving from software in traditional mode (On-Premise) to a cloud model are many. The most mentioned by executives when asked about the issue, are:
- Reduce the cost of total appropriation.
- Access from anywhere.
- Improvement of business processes.
The reduction of the cost of ownership of the business system has a significant benefit for finance. It is not just about reducing IT (Information Technology) spending. It is about reallocating the maintenance budget of various IT items to improve business processes and encourage financial innovation. For example:
A few years ago, Gartner published a report in which he argued that more than 90% of the IT budget is spent on maintenance, and only 9% is left to improve business processes. The result is a gap between the financial objectives of the organization and what they can provide of the systems in use. The software used as a service or in the Cloud changes this equation because the business is able to recover 50% or more of IT operating costs.
The question is: do you remember how it was to use different products, applications and even paper reports to manage your customer and financial information? If you still do not use software in the cloud to manage your commercial and financial information, do not worry.
In this blog we explain 9 things you will not miss working with disconnected data as soon as you pass your valuable financial and customer information to a cloud accounting solution.
- Financial and client information not updated
Have you ever tried to combine information from different sources and then realize that it is not up to date? Keeping the information in one place – in the cloud – means that it is always up to date.
- Worry about backups
The only thing that is worse than the non-updated information of an application is the loss of critical information. When your data is in the cloud, the backup is always guaranteed.
- Waste time with updates and patches
As an accountant, it is a pain to have to waste time with technical updates and patches. Luckily, all this is done automatically in the cloud, so you can concentrate on your true work.
- Make decisions using obsolete information
As you have access to the latest financial and customer information, you don’t have to wait for an email with the latest data, but you can make decisions and accelerate the growth of your business today.
- Access your data
When an important member of your competent accounting team goes home or, even worse, on vacation, can you still access their information? If financial and customer information is stored in the cloud, you and your teams can.
- Connect your applications (securely) between them
If you and your team use different applications, securely managing customer data requires a great job in itself. However, if you save key customer information in one place, in the cloud, you will save time and avoid technical difficulties.
- Unpleasant surprises
It is difficult to keep track of critical information for the business if notifications come from different sources. When your financial information is managed in the cloud, you can see what is happening in real time and even set up notifications on a site to get immediate updates.
- Ask yourself why your team has a hard time collaborating
Before the cloud, entrepreneurs and managers had to spend time making sure that the sales staff spoke with the accounting staff. Now, all your employees can collaborate using a single solution and they won’t have to waste time searching the latest sales reports or customer information in dozens of products and applications.
- Ask yourself if your reports are correct
Newer products and applications are only as intelligent as the person who creates the underlying formulas, and often require numerous updates and bug fixes. When your device uses cloud software with a superior global accounting engine, these formulas are already proven and proven.
Conclusion: The future of accounting is here, in real time, in the cloud
It’s time to find a new home for critical customer information for your business. If you pass the commercial and accounting information of the many different applications and products that your company uses to a cloud accounting solution, you will reduce business errors and increase the productivity of your equipment.
You will also protect key business data and ensure that sales and accounting teams collaborate on the latest information. And you will have a solution that will adapt to the growth of your business.
The best of all?
Connecting management with sales will give you the peace of mind of making business decisions based on the latest information. As a family that moves from its initial small house to a larger one, after your company adopts a cloud accounting solution, you will remember the days when your business lived with only disconnected customer data and ask yourself how you fixed them.
Here at Nudge Accounting you can outsource bookkeeping and accounting services so true professionals in the area can take care of it. Contact us today and reduce the margin of error in your activities.