As many fast-growing companies are increasingly selecting cloud accounting, you may be wondering what precisely cloud accounting is. Cloud accounting applications provide similar functions as desktop accounting software, aside from the fact that they run on remote servers and are easily accessible by web browser. The two formats that cloud accounting is typically offered in are hosted applications and SaaS (Software as a Service). So, what are the benefits that have so many companies enjoying cloud accounting?
The first benefit is that cloud accounting software is available at any time or anywhere from a web browser or mobile device. Whether you prefer a Windows PC, a Mac, Firefox, or Chrome, cloud accounting is available for every web browser. Cloud accounting also boasts better security and no installations and updates required. The improved security is due to the data center in which the majority of cloud accounting software is run from. Cloud accounting also has automatic backups, in which data is stored in multiple data centers in diverse locations. Finally, there are no startup costs or long-term financial commitments, since cloud accounting is rented and requires no investors for their servers or software.
The bottom line as to why cloud accounting is becoming particularly popular with small, fast growing businesses, is because it provides instant access to business data from anywhere at any time and is quite reasonably priced. This extends to mobile devices, in which you can use your cloud accounting applications to send invoices, track expenses, and view accounting data right at your fingertips while you are on the move. By using cloud accounting, you will save time, money, and effort in growing your business.
At Sahabyah Cloud Services, our team of experts will guide you through the process of upgrading to an advanced and customizable cloud system. The first part of the process will be the assessment, in which we will assess your existing system and define the specifications, functions, data components, business logic, and users’ authorities. Next, will be the implementation, where we will develop your new system and apply the learned logic to put your new system into actual operation. The migration part of the process will consist of migrating your data from the existing on premise system to the new cloud system. And finally, for the deployment phase, our team will support the final release of the system to the end users.
Invest in your business’s growth and development by upgrading to cloud accounting. As managing your business’s accounts is crucial, you want to ensure the best and most efficient means of managing.