Whether you’re a business newcomer hoping to shake up your saturated market, or you’re a well-established enterprise that’s worked tirelessly to get where you are today, embracing technology as a way to propel your business forward, is always a good idea.
Today, businesses like yours are relying heavily on technology to manage everything, from their social media and email marketing to their supply chain networks and even website analytics. And while this software is helping SMEs of all sizes make waves within their chosen markets, one major technology trend that shouldn’t be overlooked is cloud accounting.
It might not sound as exciting as some business technology trends, but it’s one that never goes out of style. Accounting software from Sage is a fine example of this. With multiple features to help businesses like yours effectively manage accounts, cashflow, tax obligations and invoices, the support and guidance from this software isn’t just emerging as a flashy business trend, but more of a business necessity. Want to know more? In this post, we’ll explore the undeniable reasons why cloud accounting is the perfect addition to your business.
Access Anywhere and at Any Time
When you’re a business owner, you’re not always chained to your desk. You’re moving between meetings, you’re working from home, travelling, dealing with customers and your time on the shop floor is often hectic. Due to these pressing responsibilities, having the time to check in with your accounts is often an afterthought. With cloud accounting, you have the ability to access your business accounts any time and from anywhere. No more restrictions, no more trying to find the time to catch up with your accounts, you can access your financial status with just a couple of smart device clicks.
Your financial data and client payment information are some of the most sensitive records you’ll ever handle, therefore security should be paramount. But when you’re using traditional methods of accounting, this data is persistently at risk. Whether you have your files stored on your desktop, or stuffed into a filing cabinet in your office, data is at risk of cybercrime, accidental damage, theft and even fire. With cloud-based accounting, security is water-tight, and is encrypted at the source. Giving you and your clients total peace of mind.
Create and Chase Invoices
With cloud accounting, you can say goodbye to lengthy invoicing processes and issues with late payments. By creating accurate and fully customizable invoices within seconds, businesses like yours can automatically send out these documents, saving time and resources. Accounting software gives users the ability to track these invoices as well, making payments much easier and less time consuming to chase.
Collaboration and Syncing
Entrusting your business accounts to a cloud-based system means running payroll securely and compliantly, it also means you can share your current financial situation with your physical accountant and sync this data with your banking software. By creating a seamless accounting experience, you can manage your SME accounts effortlessly, freeing up more time to focus on other areas of your business.
Cloud accounting is a simple yet highly effective string to your business bow. Update your accounting processes today and reap the benefits across your enterprise.