Accounting is the most basic function of any business, taking it to the cloud is crucial, but it certainly can get tricky. Cloud-based QuickBooks has become an increasingly popular smart solution for companies in the past decade, especially for small businesses.
If you do not know it already, cloud technology has taken the business world by a storm. More and more companies are moving their core operations to a cloud environment. And why not, the cloud offers multiple benefits that have become essential to compete in the fast-paced world.
Gartner had predicted that about 50 percent of businesses will have moved their basic collaboration and communication systems to cloud platform. The cloud software market will continue to grow at a rate of 18.8 percent through 2019, according to a report by International Data Corporation.
But why should you also move my accounting software to the cloud?
Don’t do it because everyone else is doing it. Do it because you feel it is best for you and your business.
Using traditional accounting software can have many challenges, including:
QuickBooks cloud hosting offers an affordable alternative for small businesses for using sophisticated software for accounting purposes. Also, it eliminates challenges of traditional accounting practices and adds umpteen amounts of benefits that make the workflow more fruitful.
Cloud Environment Supports Accelerated Growth
It is a fact that many businesses have seen significant growth and smoother workflow since moving their operations to cloud based QuickBooks. Let us understand how.
The cloud provides a platform for collaboration among departments in real-time regardless of the geographical location. The seamless connection means everyone works on up-to-date information and analytics to put their best foot forward.
Cloud solutions enable remote access and flexible resources which are a boon, especially for small businesses. The modern entrepreneur wants access to their data at all times, even when they are not in the office. This can only be possible with QuickBooks cloud hosting.
With hosted solutions, your worry over the security of your data is taken over by the cloud vendor. A typical cloud vendor has state-of-the-art data centers which are secured with antivirus and firewalls.
Cloud hosted QuickBooks means regular backups on the cloud which is essential. This means your data is safe even if something happens to you on-premise system.
There are many more benefits that get added to your already feature-rich software with the cloud. Many are still skeptical in adopting this technology, and to be fair, there are risks in both on-premise and the cloud.
Security remains the number-one priority, and it is a responsibility for both cloud vendor and the user. Gartner predicts that 95 percent of cloud failures by 2020 will be from the end user’s part. Organizations can reduce the risks by putting various security measures into practice, like two-step authentication or IP restrictions.
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