With a rapidly evolving business environment, some companies have had to speed up their move to the cloud. There is no longer a “better time” or a “wait and see” period when it comes to cloud strategy. Chances are a large swath of your workforce is now remote. You may be working without a secure, consistent connection to your systems, and things are starting to breakdown. With many companies still using 3 or 4 disconnected systems to run their business there is also a lack of cohesiveness and along with it, human error.
So with that in mind, here are the top 3 reasons every company should be moving their accounting to the cloud sooner rather than later.
Top of Their Class
Gone are the days of legacy on-premises systems dominating the ERP (Enterprise Resource Planning) space. In the past, systems with large infrastructure footprints had a stranglehold on the market. But due to rising costs of IT support, hardware upgrades, and emergency disaster recovery, that is no longer the case. Plus the updates and innovations for on-premises systems have slowed to a crawl. Even Microsoft themselves have recognized this and created their own cloud offering.
Cloud is now king. In 2018 Microsoft introduced Microsoft Dynamics 365 Business Central, it’s own cloud-based business management. Taking the best features from GP and adding in top of the line services and functionality they built a full-fledged successor to their own system. Another cloud ERP system, Sage Intacct, is the only accounting software that the AICPA recommends and wins countless awards year after year. Without the need for emergency recovery and paid upgrades, customers start saving money right away. In the case of Sage Intacct, customers on average see a 250% ROI and payback in less than 6 months.
A seldom mentioned point is that with a cloud system you get a constant connection from wherever you have internet. Running to the office to fix something or grab a flash drive is a thing of the past. A 100% secure connection is at your fingertips, allowing your accounting team to work from virtually anywhere. Microsoft Dynamics Business Central even has their own mobile application making accounting from your phone easier than ever (or just possible for most). Some businesses have even been able to cut out their office altogether. No more rent!
The point is we now live in a time where people are always on the move and decisions need to be made on the fly. You can’t wait, and you no longer have to.
The traditional 9-to-5 job really is dying as one in five office workers work remotely now, according to new research. A study examining work-life structures found the concept of a regular eight-hour shift is in decline with one in five “office” workers now working remotely each week.
– Zoya Gervis, The New York Post
So why not save money and give your employees mobility at the same time? Your wallet and team will both thank you.
The Joys of Automation
How many of your systems that run your business work together with little to no intervention? The number is most likely in the realm of zero to two. Cloud accounting adopters are spoiled, connecting their critical systems to create a well-oiled machine. Sage Intacct prides itself on its extensive library of marketplace partners. All of them working together to create a more automated system saving precious man-hours. Even if they don’t have a pre-built connection, they have an open API allowing a connection through systems like our own AVT Connect. There are no longer excuses for all of the manual work and double entry. Connecting your systems and automating your work reduces the chances of critical human errors. As a result, you achieve more accurate, up-to-date data allowing you to make more informed decisions.
So if you are finding yourself falling a bit behind in need of some guidance, we’d love to help. We excel at taking customer accounting to the cloud. We are a Sage Intacct Premier Partner as well as a Microsoft Gold Partner. Our consultations are 100% free and we respond to inquiries within 1 business day. Email us at email@example.com or give us a call at 855.913.3228. You can also fill out our web form for easy communication. At Alta Vista Technology we take pride in being part of your solution!