Just like other companies and institutions, accountancy firms are increasingly opting to work in the cloud. It is no longer a question of whether organisations will make the switch to the cloud, but when.
As an accountant, a great deal is expected of you. A good cloud solution can help you stand out. Your client administration processes can be managed digitally, for example by scanning documents on your smartphone or tablet. Online accountancy software in the cloud immediately synchronises the data, so that your client files are always digitally ready and up to date – helping you to keep track of the situation and give sound advice to your clients. With your data in the cloud, you can always substantiate your advice with the latest figures.
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One of the main benefits of working in the cloud is the cost savings: You don't have to keep the software running yourself. Rather than making a significant investment in a contract, you can benefit from a flexible, scalable monthly subscription. This approach reduces non-transparent and unpredictable costs and means that you receive a clear invoice for the services you use, giving you more time to devote to the growth of your business.
Research has shown that companies that make extensive use of cloud technology across the world achieve 20% greater turnover growth than companies that do not (source: MKB Cloud Barometer 2015).
“One of the main benefits of working in the cloud is the cost savings."
Accountancy firms that have recently invested in a local (on-premise) solution can still make the switch to the cloud by opting for a hybrid cloud solution. A hybrid cloud solution is a combination of a local solution and the cloud. This means that existing solutions running locally do not have to be cast aside, enabling you to benefit from the latest cloud innovations right away while modernising your company’s IT environment step by step.
In the cloud, you keep working in the same familiar environment you’re used to – but within a more reliable and more secure framework than that offered by your standard IT solution. Want to find out more about working securely and reliably in the cloud? Download the Eshgro ISAE document for more information!