Benefits of Cloud Computing for Businesses

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Published: 23rd October 2012
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As accounting and financial reporting requirements are becoming more complex, and with the ever-increasing volume of information being generated by businesses and individuals, many businesses, from small and medium businesses (SMBs), corporations to conglomerates, are now looking to centralize their business information, not just from bookkeeping, bill payment, invoicing, payroll, bank reconciliation, etc., but as well as in accounting, compliance reporting and taxes, financial reporting, financial analysis, auditing, and as well as be able to distribute the workload.

Nowadays, it is important to supporting the business to centralize these ever-increasing business information for easy accessibility for those who need it, as well as being able to distribute the workload for easy access to information in the context of the work to be performed.

Fortunately, with the continued advancement of a more powerful and complex internet technology and software applications and platforms, businesses nowadays can take their accounting to the clouds to meet these ever-increasing business complexities and workload.

What is cloud accounting?

Cloud accounting is a mash-up of two terms: accounting software, that is any computer application that can help you with any form of accounting procedure and cloud computing, that is an Internet-based computing technology that enables consumers and businesses access to shared resources, software, and information at any computer and other devices with internet access on demand.

In short, Cloud Accounting is an online accounting that makes use of a central server accessible via the internet as storage for accounting data that can enable you to access your accounting data from anywhere with an Internet connection.

What are the benefits of cloud computing?

-Reduced costs. Cloud computing can reduce your hardware (computers, software programs), networking management and overall IT expenses. In addition, with cloud computing, you only have to pay for what you use.

-Time-saver. Turning to cloud computing eliminates the time being wasted necessary in getting new software programs for their management needs to operate at functional levels. With cloud computing, all you need is access to a computer with Internet to view the information you need.

-Remote Access. Cloud computing allows access and update of information to employees, partners and clients wherever they are, rather than having to run back to the office.

-Fancy yet powerful technology. With cloud computing customers are provided with more access to power, which is not ordinarily accessible through a standard PC. Your applications now use virtual power, even enabling you to build virtual assistants, which can automate your tasks such as ordering, managing dates, and offering reminders for upcoming meetings.

-Scalability. Cloud computing enables you to scale your business’ storage needs seamlessly rather than having to go out and purchase expensive programs or hardware, buy software licenses or worry about overloading their servers.

-Powerful Mobilization. With cloud computing, services that you need are available and accessible from just about anywhere in the world. You can now conduct sales over the phone and tracked leads by using a cell phone as Cloud computing opens users up to a whole new world of wireless devices, all of which can be used to access any applications. Companies can now take sales productivity to a whole new level, while at the same time, providing their sales representatives with high quality, professional devices to motivate them to do their jobs well.

-Automatic Updates. Cloud computing removes the need to worry about paying for IT for your future updates in terms of software and hardware.

These are just some of the advantages of cloud computing. With cloud computing, overall, can give businesses, more so a small company, a competitive advantage. Now, with cloud computing, SME’s can afford the business solutions that the big corporations have had for years.

Shoebooks online accounting is a premium provider of accounting solutions for SME businesses in Australia. Check out the features of Shoebooks small business accounting software and experience the advantages of our web accounting solutions. Shoebooks is located at 127 Chestnut St, Cremorne VIC 3121, Australia. Call Shoebooks at +613-9818-1515.

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