- The cloud saves time, increases productivity, and enables client mobility.
- The cloud serves your clients better.
- The cloud promotes business growth.
Accountants and bookkeepers have something very important in common with the rest of the world. These professionals now rely on the cloud as one of the most valuable technologies at their disposal. There’s no question cloud technology has permeated every area of business. In the United States, for instance, cloud services company RightScale found hybrid cloud adoption rose from 58 percent in 2015 to 71 percent in 2016.
Considering the important role they play ensuring their clients’ long-term business success, it makes sense that accountants and bookkeepers want to invest in the cloud. After all, clients will favor business partners like lawyers, accountants, and marketing agencies that are fully up to speed with the technologies they use in their own businesses.
Here are three ways cloud accounting technology benefits accounting and bookkeeping firms:
- Saves time, increases productivity, and enables client mobility
- Serves your clients better
- Promotes business growth
The cloud saves time, increases productivity, and enables client mobility
Now is the time to move away from spreadsheets and into the automated, accurate world of cloud computing. Cloud-based services offer numerous benefits to clients and firms alike, including speed and efficiency, reliability, and enhanced customer service. When data is stored in the cloud, multiple individuals can process and access it simultaneously, speeding up the rate of work.
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According to mobile workflow management software provider TrackVia, 59 percent of companies that use the cloud are likely to see productivity benefits. It’s no surprise the cloud saves time and boosts efficiency. Cloud software helps bring time-consuming, manual business processes online, makes security a company-wide responsibility, and provides added flexibility without cumbersome paper trails.
And let’s not forget offering your clients mobile capabilities, which wouldn’t be possible without the cloud. If they don’t already, it’s only a matter of time before clients expect to be able to run their businesses from anywhere they like, from the palms of their hands. Mobile, online business apps provide the kind of in-the-moment, real-time access to data that all professional services providers, including accountants and bookkeepers, simply must offer.
The cloud serves your clients better
A spike in productivity and improved speed in accounting and bookkeeping translates to happier clients. Moreover, the cloud enables firms to collaborate with clients in real-time through advanced digital technologies. By moving manual or lengthy in-person processes online, accountants and bookkeepers can spend less time on administrative tasks and more effort on valuable partnerships with clients that boost ROI.
What about today? Cloud adoption has been instrumental in helping many firms advance to the point of being a virtual extension of their clients’ businesses: a valued, trusted and essential business and financial advisor and partner. These firms want to be able to answer such questions as, “Why did it happen?” and “What is being done about it?” That includes analysis of profitability of products, customers, markets, spending, operations, working capital, and pricing.
The cloud promotes business growth
Above all, cloud accounting software is a valuable tool for long-term business growth. Improved productivity means time for better innovation and more personalized client interaction. Moving to the cloud helps speed up traditional workflows and inspires teams to find new ways to work together. As a result, firms that use cloud technology stand in a better position to evolve and compete in the market.
Embracing the cloud is essential to helping firms move beyond core accounting. By providing real-time, proactive insights, firms cultivate “customers for life” throughout the entire 365 days of the year, not just periodic transactions usually around tax time.
Take advantage of the cloud, for you and your clients
In the constantly transforming field of accounting and bookkeeping, innovation and adaptability are crucial. To stay ahead of the competition and continue to grow, firms must find ways to make the most of the benefits of cloud technology.