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Why Cloud Technology Is The Best Thing Ever Happened to Accounting Industry?

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benefits of cloud

In the world of information technology, it seems that every few years a new concept comes along that emerges as being the next great leap in technology. One of the current concepts that fits that description in the IT world is called cloud computing. However, before a company decides that it will embrace cloud computing, it needs to make sure that it understands all the implications of this new offering. As with most technologies, there are many benefits that can be gained, but along with understanding the benefits, the business risks must also be evaluated.

Cloud computing has become increasingly popular in the recent years with its outstanding features and ease of use. Organizations are shifting to the cloud for their accounting processes using services of IT hosting providers to access and work on applications like QuickBooks. In this regard, QuickBooks cloud computing is a boon for accounting professionals worldwide, especially for startups who cannot afford to buy and maintain the software requirements. Cloud hosting of the sophisticated software provides an efficient work culture and streamlines your cash flow.
Cloud and Accounting
Technological advancements have made accounting professionals place their trust in cloud technology and cloud-based accounting applications. Those who were early to embrace the cloud have reported the benefits they enjoy and an increase in productivity. Using a sophisticated software that streamlines cash flow, not just at the end but throughout the financial year. Working on cloud-hosted QuickBooks allows accounting professionals to become a crucial advisor in the business processes by projecting the current numbers to analyze for the future endearments.
Benefits of Cloud
It can be said without a doubt that the cloud improves work efficiency and communication between employees. There are ample amount of benefits that come with a cloud subscription. But why should accountants worry? To work faster and smarter with fewer networking issues, the cloud is the perfect option for your business. Cloud provides a secure platform and remote access to authenticated users giving them the freedom to work on their own time, on any device. One can work even from home which is a blessing during the tax season when the workload is an all-time high.
Below are some of the advantages that the cloud technology provides, specific to CPA firms and accounting professionals.
1. Low Infrastructure Cost
Moving your business to the cloud means no need to buy and install QuickBooks on your local device, no expenditure on technical equipment and maintenance. Also, no need to worry about the security of your data and files. Your hosting provider takes care of everything you need and provides a customer support team ready to help at all times.
2. A Paperless Office
Get rid of stacks of papers and files that accumulate in your office. Storing and browsing through the hard copy of documents is a difficult task. As most of the work nowadays is done digitally, you can store these files on the cloud which gets backed up on a regular basis, eliminating the danger of them getting lost or deleted.
3. Reduction in Downtime
Technology outages can be a real problem and eat up your work time. A typical web hosting provider has a dedicated team of professional IT experts continuously working to ensure that your business does not suffer a downtime.
4. Data Security
Financial data of your business includes sensitive information that needs to be saved on a secure platform. With QuickBooks cloud computing you get the optimum security of your files with multi-level encryption, latest antivirus applications, firewalls and user authentication. Also, data backed up on the cloud means no files are lost in case of any disaster.

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Benefits of Cloud And Business Intelligence Services

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Moving to cloud computing may reduce the cost of managing and maintaining your IT systems. Rather than purchasing expensive systems and equipment for your business, you can reduce your costs by using the resources of your cloud computing service provider.

Developing in the cloud enables users to get their applications to market quickly. Hardware failures do not result in data loss because of networked backups. Cloud computing uses remote resources, saving organizations the cost of servers and other equipment.

Business Intelligence services and the cloud technology are the regulations that put together all the methods, theories and insights of organizations and provide data that is required by the company when required. BI and cloud intelligence provides the accurate information at the accurate time to the corporations on the requirement. It is the main foundation of all the strategies designed for businesses. In today’s world more and more people are adopting the technology in their companies so that all the information is easily accessible by them.

Enlisted here are some benefits of Cloud and Business Intelligence services:

  • Connection to business from anywhere and at any-time:

Cloud and Business Intelligence services help you to stay connected through mobiles, tablets, desktops etc. and you can access the business data 24/7 from any device of your choice from anywhere. This enhances the productivity and functionality of this technology and you can achieve great results on a high scale.

  • The technology is compatible, adaptable and responsive:

There are several types of companies worldwide that require customized solutions in adoption of the cloud and business intelligence; however, these technologies are compatible with almost all types of devices and businesses can be integrated to get accurate data analytics.

  • Data is interpreted easily:

Nowadays, companies are getting data analytics through the cloud and BI services through more visual analytics like charts, diagrams and trees etc. that is more sophisticated and easier to follow. You will get better insights of consumer behavior, sales performance and advertising campaigns.

  • High performance at low costs:

Cloud and business intelligence services provide strong data analytics about a company and these insights provide precious information that helps in enhancing sales of a company through target marketing at reasonable costs.

  • High data security:

With cloud and business intelligence services, you will get high data security with multi layered caching, encryption of data and data segregation. Your data is defended securely by the service providers by the usage of components like voice recognition, fingerprint scanning or other authentication protocols.

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Learn How Cloud Telephony Can Influence Your Business Growth

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Cloud-Computing

Cloud Telephony is the technology that transforms your business phone system to a business phone on the cloud. It is a voice and messaging service that replaces the need for the conventional business telephone system like PBX, EPBAX etc, And most of the time, it is pretty simple for everyone to understand, make/receive(pick up) a telephone call, hang up or disconnect the call, play an audio file, call transfer, call forwarding, conference the call! with Cloud Telephony, this kind of telephony functions can be added to any computer application.

5 Business Benefits of Cloud Telephony :

Here are the five biggest benefits of modern cloud telephony.

1. Simplicity

2. Mobility

3. Cost Efficiency

4. Flexibility

5. Focus

Pondering what’s cloud telephony?

Cloud Telephony can be an internet-based voice and data storage system hosted by the third party which replaces the business traditional PBX.

All my encounter says that cloud telephony is everything your business requirements. It can build your business very quickly. And someone provides aptly marked that – “The purchase done in technology is usually never a waste”. Onetime purchase will reap lifelong fruitful results in unlimited ways.

Have a little snippet of how cloud telephony can influence your business growth.

1) Toll-free Number – It is basically a virtual free phone number. The largest advantages of tollfree is usually that it encourages your visitors to call you as it’s free from callers end. Thus the engagement rate increases. And to the added advantage toll-free number series is easy to remember, hence your visitors don’t need to notice down your numbers on notepads in order to keep in mind you. What can be another convenient method to boost the engagement and resolve the customer query?

2) Interactive Voice Responses (IVR) – It is a technology which lets automated system interact with human beings by sending pre-recorded voice messages. The hosted IVR acts as a Virtual receptionist of your business and proves to become a secured asset if used correctly. You are helped by it to supply customer service 24×7. So you can become ensured that all your visitors will become attended and answered if they call 9 each morning or 11 at night.

3) Bulk SMS- Bulk SMS Marketing is a method of circulating short communications to millions of recipients via software program such Sarv.com. Today technology is usually on its verge and everyone is running in the race to obtain most from the latest technology. And nowadays mobile phone has become an essential medium of conversation and bulk SMS marketing allows you to connect with a mobile workforce from all over the world. It’s one of the easiest and inexpensive ways to interact with existing and fresh customers.

4) Missed Call Service – I personally believe that customer is an essential factor which determines the achievement of your business. More content customers you have more your business shall grow. But you’ll eliminate the customer if your subscribing treatment is challenging. In this case, missed call service is the solution. Only a simple missed call and your customer gets connected with you. So never miss a potential customer because of lengthy treatment or any loopholes.

5) Voice Broadcasting – It is a mass conversation technique which sends pre-recorded messages to millions of recipients These are automated calls that involves auto dialing. Voice broadcasting has universal reach, therefore, plays an essential role in achieving the vast human population of the world. The amazing factor about voice broadcasting is that no person must handle the calls. Simply record your message and run a voice campaign and all your customers will receive the call all at once.

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What Things to Know Before Moving Your ERP to The Cloud!

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In this modern age, everything and everyone seems to be ‘on the cloud’. There are undoubtedly a lot of benefits of being on the cloud, in terms of storing data and hosting software. But it is important to know what it really means for your accounting software and private data. For Sage 100 Cloud Hosting it means, instant access to real-time customer data, reports, and analysis, via PC, laptop, smartphone or tablet, anywhere and anytime with internet connection capabilities.

There is a lot of confusion about cloud computing, what it means for business and how it is beneficial. Users can access the same features, functionalities as a Sage 100 ERP deployed on-premise, but without the cost associated with building an in-house server or the hassle of maintaining the backup of huge data, or dealing with its security issues. Even though cloud comes with huge benefits, moving to the cloud has its own challenges and businesses need to understand what it entails.

What to know before moving your Sage 100 ERP to the cloud?

Experts mention below five cloud-clarifying concepts you need to know before moving your Sage 100 to the cloud to help run your business, secure your data, enable your company’s growth goals and ensure business continuity.

  • Know Your Services – You should be clear on what you are choosing and what it involves. Three types of services are offered; Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), or Infrastructure-as-a-Service (IaaS).
  • Know Your Service Level – How much does it cost when you’re not online and your data is completely inaccessible to both you and your customers?
  • Know Your Deployment Options – Private, Public, Virtual, or Hybrid Cloud options.
  • Know Your Risk – Are there risks in moving Sage 100 to Cloud?
  • Understand Your Cost – How to retain your investment (ROI).

Long term costs are much less as you don’t have to maintain your own IT infrastructure or hire IT staff. Experienced host providers handle everything related to software updates and hardware upgrades, thereby relieving you from the task of dealing with complicated technical issues at your end.

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