The way businesses conduct their core processes is undergoing dramatic change. Cloud migration is considered the norm for many companies now, with a large proportion of small businesses moving to the cloud so they can compete with larger organisations on a global scale.
Cloud-based accounting is one of the most effective innovations for small and medium businesses. It helps them work smarter and faster, provides a better view of finances and improves team collaboration.
In recent years, the surge in the number of businesses turning to “the cloud” has been substantial. Cloud computing has come to occupy a central role in the modern IT landscape for small businesses and large enterprises alike. Why? It facilitates flexibility, agility and scalability.
Posted on 17th June 2015 in Cloud Computing.
There are many benefits to using cloud based accounting software, however as with most things in life, along with benefits come potential pitfalls.
The majority of businesses are now familiar with cloud computing, what it is and what it can help companies to achieve with their business operations. And people are also familiar with cloud services they use every day, such as Gmail, online banking, Facebook and Twitter.
Posted on 15th June 2015 in Cloud Computing.
Cloud based business and accounting software is hosted on remote computers known as servers on the internet rather than on your PC. Instead of buying physical software which is installed on your PC, you pay monthly for a service. You login via the internet and work online, rather than logging into your PC and working locally.
Posted on 9th June 2015 in Cloud Computing.
Cloud-accounting has certainly seen a substantial increase in demand. Many small firms of accountants in the UK have embraced the cloud in a big way. This has helped many small businesses improve their book-keeping and accounting function.
Even with a return to economic stability, entrepreneurs are faced with a number of pressures to ensure business survival. The key to longevity is to eradicate common business problems, including day-to-day frustrations such as managing accounts, which can be time consuming and costly due to cumbersome accounting requirements and processes.
As anyone that has been through the experience will admit, running a small business demands blood, sweat and tears. Every day is a careful balancing act of sales, solvency and processes, all in an often unpredictable bid for growth. It takes hard graft, an understanding of the processes involved in getting an idea off the ground — and crucially, how to keep it running. As a result, small business owners have to be laser-focused on the bottom line in order to keep their heads above water.
The business finance forecast has looked gloomy for small and medium-sized enterprises (SMEs) since the financial crisis of 2008, with traditional institutions remaining reluctant to lend. However, thanks to a surge in adoption of technological solutions, the outlook seems brighter.
Posted on 2nd June 2015 in Cloud Computing.
If you’re running a small business, you’re probably sick of hearing about cloud technology. It’s supposed to have revolutionised the way we work for years, and yet for many of you, all it will have accomplished is trading old frustrations for newer ones in shinier packaging.
Posted on 27th May 2015 in Cloud Computing.