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  • GenesisConsulting

Moving with the cloud

Updated: May 5, 2019

Why is cloud computing rapidly becoming the new norm? Why are many businesses moving entire systems into the cloud?

Technology is changing every aspect of our lives, both at home and in the workplace. As business owners, we're constantly looking for systems and applications to make our work more efficient, either by reducing the time cost or by having more meaningful and valuable outputs.

Cloud computing, simply put, is computing in the internet. Where in the past, people would use physical means of keeping records or to running programs on a computer in their office building, cloud computing allows people access to the same kinds of applications through the internet.

Chances are you are already relying on cloud computing to solve the challenges faced by everybody. When you are checking your bank balance on your phone, you are using cloud computing. Using Drop box or Google Drive to store your data? You're in the cloud again. Whether you are firing off emails on the go or using a bunch of apps to manage your workload, people are leveraging on the cloud to make their work more efficient.

Cloud computing is rapidly becoming the new norm and many businesses are moving entire systems into the cloud because it offers many benefits, here are some of the top reasons why.

1. Flexibility

Cloud-based solutions are ideal for start-ups or businesses with growing or fluctuating demands. If your business needs increases, it is easy to scale up your cloud capacity. Likewise, the flexibility to down scale is also available as an option.

2. Zero capital costs

When you run your own systems, you're looking at upfront capital costs be it purchasing hardware or programs or the implementation costs. A subscription model will be easier on your cash flow and it allows your business to not only start projects faster, but also end them without losing any investments in the cloud service.

3. Increased synergy

When your collaborators can access, edit and share documents at anytime, from anywhere, they are able to do more and contribute more meaningful input that you can use to make better decisions for the business.

Accountancy is no exception, new technologies are challenging accountants to maintain relevance and to keep evolving. No longer are accountants just required to crunch numbers and stay on top of compliance requirements; clients are demanding increased accessibility, faster response times and advice, over and above, the standard book keeping. Therefore, choosing the right accounting software can be difficult as there are countless out there. A good accounting team is in the business of knowing all about the best technology solutions to suit your needs. Should you be needing one, check out the Xero accounting software.

Cloud computing is now a proven, mainstream alternatives for business owners and with the right technology and tools on your side, you can keep your business relevant and ahead of the pack.

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