Cloud-based solutions offer accounting teams a unique advantage that, if adequately harnessed, can really increase an organization’s efficiency, and workflow, while at the same time, saving it money.
While cloud accounting will almost always improve your business processes, provided your chosen software is up to the mark, there are ways to use it such that the benefits are multiplied.
Here are three things you can do to ensure that your accounting team maximize the benefits of cloud computing.
1. Run an IT Audit before making the switch
Although not all cloud accounting software providers are not created equal, some are designed with a complete overhaul in mind, while others only aim to integrate and sync certain processes.
As a result, you’ll need to make sure you know what needs integrating and what does not. This will give you some great tips that can point you in the direction of the right provider for you and your business.
By taking stock of your existing processes, and your infrastructure, as well as the kind of information that will require syncing, you can make decisions about the kind of security you need, among other things.
2. Don’t rule out hybrid systems
Both cloud-based solutions and in-house infrastructure come with their own unique set of benefits and drawbacks. As a result, many cloud accounting platforms offer integration with some semblance of an in-house hardware system.
Many who opt for cloud based accounting systems can throw the baby out with the bathwater somewhat, and insist on ditching all in-house equipment and processes.
While this approach can work for some organizations, it’s important to get the best out of your accounting system and sometimes, tailor-making your own hybrid solution is the best way to do so.
3. Spend plenty of time on training
“It can be very tempting to view cloud accounting as a fix all that can be implemented and operated as soon as it’s up and running.”
While, in theory, this is true, thinking like this can leave people out of the equation. You could have access to the finest, most sophisticated efficiency-increasing system in the world, but without adequate training, you will be powerless to use it.
So, invest plenty of time in making sure your staff know it inside and out. That way, they’ll get the most out of it and so will your business.
If you’d like to learn more about how to get the most out of your cloud accounting software, then contact eFolio Accounts Ireland.
eFolio Accounts is an online accounting software designed specifically to make managing your finances and bookkeeping easy and to help you have better cash flow and a more profitable business.
Or, you can also join us for a free 30-day trial of our product! Absolutely no credit card required!
Get paid on time with easy invoicing and manage client accounts with efficient built in email for invoicing. eFolio Accounts is all your business need!