Friday, February 8, 2013

Five Ways Your Accounting Software Can Be Enhanced With Cloud Computing

Five Ways Your Accounting Software Can Be Enhanced With Cloud Computing

By Chris A. Harmen

Cloud computing has become increasingly popular for today's forward-thinking businesses for good reason. It's an approach to everything from enhanced CRM to secure accounting and everything in between. One area in which it's quickly gaining a following is in the area of business accounting software solutions. For growing companies and those with multiple locations, it's particularly relevant because it addresses key areas in order to enhance performance and available resources. In fact, there are five critical ways in which it can enhance performance:

[caption id="attachment_973" align="aligncenter" width="500"] Five Ways Your Accounting Software Can Be Enhanced With Cloud Computing[/caption]

1. Cloud Based Accounting Gives Customers Enhanced Access

With a cloud-based platform for customer accounts, it's never been easier for your clients to log in and manage their own account settings, preferences and order histories. They can also lodge a complaint, commend one of your employees or praise a new product quickly and easily. Interactive features mean they can ask questions, get answers and stay plugged in to your company's latest news and events. Interactive customers are more likely to maintain brand loyalty and increase their purchases, so enhancing their access to the customer side of your business solutions and data will give you a positive ROI.

2. Improved Security

You'll no longer have to worry about setting up viable intranet security on your own servers when you set up your accounting software in the cloud. You won't have to be constantly watching out for hackers and you won't have to do damage control if your own servers are compromised or there is a hardware problem that brings your system down. Let your service provider take care of security concerns. Fortunately, cloud computing solutions meet or exceed government security standards and are extremely secure.

3. Better Scalability

Regardless of the current size of your business, your accounting software should be able to grow and adapt to your company's needs. A third party server site allows for virtually unlimited growth without having to cobble together a variety of different packages. A "patchwork quilt" of business solutions added at various times to your core accounting software can lead to compatibility issues, difficult tracking changes or locating the source of problems and a host of other difficulties. When your business financial and bookkeeping solutions are cloud based, they can be seamlessly upgraded using add-ons that are designed to be compatible with your base system, giving you enhanced scalability that isn't limited by size or location.

4. 24/7 Access

Companies relying on their internal website for data and accounting soon realize that they may not have round the clock access to critical information in emergency situations or when working with new clients or customers around the globe. But accounting software located in the cloud can be accessed any time, any day, anywhere for true 24/7 functionality that keeps your business humming even when your home office is closed.

5. Low Cost

Experts in implementing online business solutions agree that the overhead is lower for services based off-site rather than on your own servers. Because everything will reside on servers monitored continually by your business solutions providers, you don't have to have an internal team for trouble-shooting software or hardware issues. You also won't have to buy, upgrade and maintain servers. In fact, most of these systems pay for themselves in just a few years.

When you're shopping for the best business financial software program for your business, be sure you ask about cloud-based solutions for the best return on your investment as well as enhanced customer service and support. You'll soon discover why so many businesses swear by this practical yet powerful data and software solution.

NewGen Business Solutions provides cloud-based accounting software Chicago businesses can rely on regardless of their size or industry. To discover how NewGen Business Solutions can enhance your accounting software through cloud-based computing, visit their website.

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