Five reasons you should consider moving your accounting to the cloud…
The speed of technology is moving at a rapid pace and to stay relevant in your industry you have to keep up or be left behind at your own peril. You work tirelessly to ensure that your business and products you offer retain its competitive advantage, why not invest in the streamlining your back-office processes to free up your time to focus on generating profits.
Ease of access
By moving your accounting function to a cloud based provider you will have consistent access to data from anywhere in the world where you have access to an internet connection. Imagine being able to monitor your business’ health on the run from an app on your smartphone. No need to imagine that – just move to Xero and you can do that with ease.
Reduced maintenance costs
A cloud accounting solution ensures that your software is always up to date and removes the need to constantly install updates with an increased risk of corrupting the datafiles. In addition to having up to date software at all times a cloud solution removes the need for backups of the data. With the data stored on a server located somewhere on the globe you can be assured that your data is safe.
Decentralized accounting department
Cloud accounting platforms enables your business to outsource the whole accounting function to an expert cloud accountant at a substantially reduced fee compared to having a full-time accountant on the payroll. Your accounting business partner will have the expertise to service your needs at all times and is reachable by the click of a button. Five Oaks Consult offers this service at a fixed monthly professional fee, get in touch if you would like more information.
Unique solutions that integrate with your system
With Xero taking the world by storm they have created a superb market place populated with great solutions. You now have the option to implement a brilliant ERP (enterprise resources planning) solution which integrates with your accounting system at a fraction of the traditional costs. There are solutions available to most of the general business needs and they all work with ease.
Quick access to reports
Your business will require funding at some stage. If you approach a bank they will always require management accounts as part of the funding application. Imagine being able to generate management accounts with the click of a button and send that to your banker from your mobile device.
Ignore the massive move to the cloud at your own expense. With all the competition in the market place at present we cannot afford to not stay relevant.