As businesses and organisations adjust to a ‘new normal’ considering the Covid-19 pandemic, it has never been more important, valuable and useful for business owners to be able to run their business from anywhere, at any time, with access to accurate and up to date financial information that provides a holistic and real time overview of business performance.
This is the essence of cloud accounting - enabling efficient, flexible and secure access to real time business financial data, anytime, anywhere, from any device with an internet connection.
Cloud accounting gives business owners the control and continuity they need to effectively and efficiently run their business and fulfil their accounting and financial responsibilities no matter what changes may occur in the fast-paced modern business environment.
So, in the event that you and your employees are unable to physically access your office environment, you still have access to all your financial and performance data, helping you to keep your business in operation.
Cloud accounting has many operational and continuity benefits for business owners, including:
- Flexible and greater access to data;
- Improved and superior accuracy of data and processes;
- Quick and easy access to live, real time data;
- Easier collaboration;
- Increased security;
- A cloud ecosystem of scalable apps and add-ons;
- Drive business performance through increased operational efficiencies; and
- No hidden costs.
Here we take an in-depth look at some of the ways businesses can streamline and optimise processes and accounting practices through cloud accounting and how they can maximise some of the tools that cloud platforms have to offer.