Is Cloud accounting right for your business?
As any business owner knows, business accounting software programmes can be surprisingly expensive. They can also be a pain to maintain, tying up your IT department with constant upgrades and device licensing issues. And you still have to worry about backing the data up, in the unfortunate event that your in-office systems are damaged or compromised.
It’s no surprise, then, that more and more firms are coming to us for Cloud-based accounting solutions.
This is especially true of smaller firms, who often have relatively straightforward accounting and invoicing needs and find it hard to justify forking out for pricey accounting software.
Cloud-based accounting systems do the same job as traditional accounting software, but are stored and processed on remote servers and accessed via a web browser over the internet. This means:
- Your team has the flexibility to access data easily and securely wherever they are, on any device
- No need to manage software installations and licences on your company’s devices
- Updates are carried out automatically on the remote server, taking the burden off of your IT support
- Significant cost savings in many cases
Great reasons to move to the Cloud – but what are the downsides?
The biggest concern will of course be data security. This is true of all cloud computing, but many business owners will be particularly worried about putting vital financial and accounting information on outside servers.
These concerns are understandable, but we don’t believe that they are a good enough reason to rule out Cloud accounting altogether. HW Technology can advise your firm on how to mitigate IT security risks in line with your business objectives and create a Cloud accounting system that suits your needs.
Remember, you are already investing in backing up your accounting data (we hope!), either online or in an off-site server. Moving to Cloud accounting combines the interface, storage and backup functions and can increase flexibility and reduce costs.
To find out if Cloud accounting is right for your business, call us today.
To find out more, please call us on 0845 504 8989, or complete our contact form.