3 Reasons to Use Cloud Accounting Software to Build a More Efficient Organization, part 2

Cloud Accounting Software Helps Build Efficiencies in 3 Ways

Picking up from part one of this cloud series, part two takes a look at the ways cloud financial software makes it easy to build a more efficient organization.  Many SMB’s find it to be a necessity to upgrade from using manual spreadsheet-based processes and/or legacy desktop software such as QuickBooks.  In fact, many SMB’s must upgrade due to the changing nature of their businesses, as they are now faced with the need to support employees on many different devices and in faraway offices.

Cloud accounting software not only makes it easier to perform some of the basic tasks which formerly used up valuable company resources, but today’s cloud solution is simple to use and painless to maintain, since the cloud service provider takes care of updates, security, etc.  For these reasons, it is becoming a more popular choice for 11% of small businesses everywhere,, according to a 2014 survey of 1,622 SMBs.  Here are three more reasons to move your company’s financial processes into the cloud.

1) Cut back on IT costs

One benefit of cloud solutions are you no longer need to expend the costs of running financial applications onsite.  By switching to an accounting system in the cloud, you will no longer have to commit to the expenses of traditional software licensing or the necessary ongoing maintenance of infrastructure for everything from backups to remote connectivity.

Less IT infrastructure maintenance is a huge benefit of switching to cloud accounting.  With cloud solutions, these potential stumbling blocks can be removed. A simple software-as-a-service subscription covers all of your IT needs, from daily use of the application to essential backend security updates.

2) Scalable accounting for growth

There is no argument that cloud-based accounting is much more scalable than traditional processes. New users can be added for a very low cost, and the software itself can be adapted as new business requirements arise. 

"Cloud-based accounting is much more scalable than traditional processes."

One example of the scalability can be found in the example of a global business which conducts operations in multiple countries and required compatibility with different currencies.  Cloud financial software can be customized with the capability to automate currency conversions and comply with local tax reporting rules.

3) Close out with one click 

It takes a lot of time and valuable resources to close out your books using tons of Microsoft Excel spreadsheets.  The data entry alone can significantly extend the time it takes to submit your financials, let alone formatting.  Additional staff must be employed to handle the task, and the cost of the unforeseen can be innumerable. Cloud accounting tools simplify the process of closing.  . A simple click of the button is often all you need to keep modules up to date.  Staff no longer need to devote efforts to inputting data.  Their efforts will be better spent analyzing the numbers. 

If you are interested in learning more about cloud accounting software or have any questions about this this blog CONTACT US.  If you are looking for cloud accounting solutions or ERP consultants to help take your business to the next level, contact us at www.arxistechnology.com, or call 866-624-2600.

Arxis Technology, Inc. is an ERP technology consulting firm specializing in the implementation and support of accounting and business management software, custom application development, and network engineering and design. As ERP consultants and resellers for Intacct Cloud Financials, Sage 100 ERP (formerly MAS 90), Sage 300 ERP (formerly Accpac), Sage 500 ERP (formerly MAS 500), SAP Business ByDesign, SugarCRM, and SageCRM, Arxis services clients from locations in Los Angeles, Orange County, Chicago, Phoenix, Washington DC, Philadelphia, Baltimore, and Ireland.

Another version of this blog was posted on Arxis Technology, Inc.’s blog site on 7/31/2015 at http://www.arxistechnology.com/news/intacct-news-building-a-more-efficient-organization-with-cloud-accounting-software-part-2.asp

Photos courtesy of www.freedigitalphotos.net, artist named Stuart Miles

Tags: cloud accounting solutions, cloud accounting software, cloud accounting, erp cloud solution, cloud erp solution, cloud software implementation, cloud business solutions, Cloud ERP solutions, Cloud based ERP