It's About Leveraging The Technology Without Sacrificing Control
Technology is advancing rapidly, and the number of options are increasing. Often, small business owners who care deeply about their client's privacy fear handing over the control of sensitive information to technology and prefer to stick with a paper-based system. However, regardless of your business's size, leveraging the right technology offers time and cost savings, improved accessibility, privacy and security. Cloud accounting is a modern accounting system that gives you these benefits and more.
1. Time and Cost Savings
Implementing a cloud accounting system into your business will allow automation to save time transferring data, making entries on numerous spreadsheets, and manually recording expenses. Automatic system updates will also save you time and allow you to focus on other essential tasks. We all know that time is money, and cloud accounting will result in cost savings from the time you save. Big impact, small changes!
2. Improved Accessibility
With cloud accounting, you can access up-to-date financial information anywhere and from any device. As long as you have an internet connection, the cloud is accessible and at your fingertip. With old-fashioned desktop-based software, you are limited to your office, and you can only access your data from one place. Cloud accounting allows you to access your financial information from anywhere. You, your accounting professional, and your staff can access up-to-date information at any time from any device, making collaboration easier.
3.Privacy and Security
A common concern we hear from our clients is maintaining privacy and security with technology-based software. Cloud accounting uses military-level encryption to back up, store, and protect data. Since your data is no longer stored on a physical server or hard drive in your office, it is not subject to viruses, malware or spilled coffee destroying the machine. With cloud accounting, data is encrypted at source, and only you and selected members have access. Data is backed up in multiple locations to ensure it is safe and accessible when you need it.
Leveraging technology will advance your business by saving you time and money, improving accessibility to up-to-date information, and improving your privacy and security. You will appreciate peace of mind knowing that your data is protected and secure in the cloud. Through a virtual business consultation, we can determine if cloud accounting is right for you and your business.
If you are ready to advance your business and switch to cloud accounting, contact us to learn how to implement the software without any hassle successfully.
If you want to know more about how to streamline your business contact us at firstname.lastname@example.org
Cathy Badry, BComm, CPB