Cloud Computing for Accountants

The public cloud services market has grown dramatically, and, according to a Gartner study, migrating to the cloud should be a top priority for your business. All businesses, and even accountants, could utilize the services that cloud computing has to offer.

Cloud computing can help accountants:

  • improve productivity
  • empower employees
  • optimize operations;
  • reduce operating costs
  • backup better
  • scale effectively
  • add security

See below for more information on how to improve in each of the above areas!

1. Improve productivity

Cloud computing centralizes access. Files are available on any connected device, in real time. Files pass among your team members or between you and the client effortlessly. Everyone can work with or view the most recent file that is instantly updated in the cloud.

2. Empower employees

With the widespread adoption of remote work, cloud services have become very useful. This includes software, networks, servers, and storage applications. Accountants can work from wherever they are, on their own timetable, from their own devices. 

3. Optimize operations

In the past, you may have had an expensive server stored in a closet within your office. When it reached the end of its life or could no longer meet your needs, it would have to be replaced. In this instance, you had to research, budget for, maintain, and secure the next tech. Cloud computing provides access to the most up-to-date tools and services. The cloud service will do the upgrading, maintaining, and securing. This lets you focus your full attention on your business. Additionally, the cloud can streamline accounting practices. You might also gain speed, as the computing runs on faster servers with greater bandwidth.

4. Reduce operating costs

Many cloud computing vendors offer their services as a pay-as-you-go model. This means you pay only for your level of usage. Plus, you no longer have to pay to host and maintain the tech you are replacing with cloud services. You get enterprise-level technology affordably, as the cloud provider leverages economies of scale.

5. Backup better

You may already be backing up business data on-site using external drives or tape. You might also be contracting with a third-party backup provider. A cloud vendor often has redundant backup systems to ensure your data. In the event of fire, flood, or other disaster, the cloud provider can launch a new backup quickly. Meanwhile, if something disrupts your business directly, you can access cloud computing data. So, if the office floods, you can still get work done off-site.

6. Scale effectively

Scalability is a great advantage of cloud accounting software. You pay only for what you use and can quickly add more, and you can do so without having to invest in new hardware or pay steep upfront costs.

7. Add security

Currently, you may have a staff member who is juggling IT security along with other tasks. Your cloud provider will have teams of these people, whose sole task is to maintain security. These industry experts focus on proactive cybersecurity.

Cloud Computing Challenges

Migrating to the cloud is not without challenges. There is the private cloud option, of course, but most small accounting businesses will be working on the public cloud.

This requires a partnership with a web cloud solution provider like Dropbox, Google Drive or Box. While this can simplify your work, it does reduce your direct control of the service provided.

If you work with Abuzz Technologies, you can ensure that the cloud solution is secure. We can review cloud architecture and strategy. Our experts will review configurations for adequate controls and check for interface vulnerabilities. Plus, we can help limit cloud usage visibility. Abuzz can also set up effective identity access to harden your site against cyberattack.

Migrate safely to the cloud, and ensure you meet all compliance requirements, with the help of Abuzz Technologies. Contact us today to get started: 215.600.0349