The advent of cloud computing has helped more businesses graduate from desktop software and step up to the next safe and secure solution that allows for remote data access.
Although ease of use is one of the main reasons why so many businesses are moving to an entirely cloud-based accounting system, there are numerous benefits that your business could enjoy by making the switch.
Big benefits in the cloud
A cloud financial management system can provide your business with the tools to successfully compete in a connected, digital world. Key advantages include:
- Upgrades are deployed and managed by the vendor—no servers or IT resources needed
- Fast deployment and virtually zero unplanned downtime
- Always-on integration with leading business-critical applications
- An accounting system that is scalable and can easily accommodate increased demand of more users, transactions and entities
- Information technology cost and risk is assumed by the cloud vendor
- Access data anywhere, anytime from any device
The cloud helps boost process efficiencies
Since cloud systems are web-based, live, and real-time, they greatly accelerate crucial financial processes like collections, consolidations, and period closes. Plus, cloud-based systems offer extensive automation and integration capabilities.
You can go a long way towards eliminating productivity busters like manual data entry, paper-based processes, and spreadsheet maintenance.
Always-on integrations with your favourite applications
Enjoy integrations between cloud applications are a snap.
To integrate with online applications such as Salesforce or Expensify, you won’t need third-party integration, IT support, or custom consulting. Most applications let you just point, click and connect. Your business-critical systems are always-on, so nothing is ever out of sync.
Sage Intacct integrates with more than 200 software solution providers to give you the best functionality to meet your company needs and improve operating efficiencies. For example, integrating with Salesforce creates productive communication between the department that makes the numbers and the department that manages them.
Your data is safe and secure in the cloud
Cloud financial management software is designed to prevent unauthorized programs, systems, and users from gaining access or control of system processes, resources, and data.
For example, Sage Intacct has robust security features prevent outside attacks and ensure that the right people get the right level of access to your financial data.
A reliable solution that scales with your business
When your business’s growth journey begins to surpass the intended purpose of the on-premises software solutions of your organization, it’s time to migrate to the cloud.
Because it’s entirely cloud-based, Sage Intacct enables your organization to increase the volume of transactions without restrictions, while combining operational, financial and statistical data without performance or scalability issues.
Add new modules as you need them
Another benefit of cloud-based software is the ability for users to easily add functionality when needed.
For example, when your business grows, built-in modules within Sage Intacct can be activated to advance your capabilities. You can add modules such as budgeting and planning, global consolidation, and inventory.
To learn more about Sage Intacct and what it can do for your organization, take a product tour.
As you consider alternatives for modern accounting and finance, cloud-based financial management solutions emerge as a compelling choice because they’re designed to not only meet today’s business needs, but also to adapt as your business grows. By moving to a best-in-class cloud financial management solution, you can apply the time that was previously lost to admin to make your strategic business decisions.