5 reasons to take your accounting software online
More and more SMEs are taking their accounting online with cloud software and for good reason. If you want your business to work smarter and faster, taking your accounting online is a wise investment. And with DebtCase seamlessly integrating with many of the top platforms (with more on the way), collecting those outstanding invoices could not be easier. Here are some of our top reasons for taking your businesses’ accounts online:
1.Access your financial information anywhere
Cloud software allows you to access your financial information remotely, online, on a variety of devices. It’s imperative as a business owner that you’re on top of your finances at all times, so having them easily accessible 24/7 keeps you better informed and better prepared.
2. Sensitive information is more secure
This is particularly important in light of the new data protection regulations (GDPR), which recently came into force. Whilst some business owners are still fearful of online security breaches, a study by Microsoft found that 94% of businesses actually saw an improvement in security after switching to cloud computing. What’s more, cloud accounting software doesn’t need the regular manual backups required with traditional desktop accounting systems; instead they’re backed up automatically, without you having to remember.
Most cloud accounting software can be integrated with other cloud-based business solutions; such as CRMs and time-management software; giving you a seamless business process – saving you time and money.
Traditional accounting has a reputation for being costly, with users required to pay upfront and commit to expensive support contracts. Users are also required to buy new versions to access new functions and updates. In contrast, accounting cloud software prices can be cheaper, access can be paid for on a monthly basis and updates and new functionality are rolled out by the developers as part of your monthly subscription.
Should you wish to do so, accounting cloud software easily allows you to add multiple users, who can access the software from their specific location – meaning you’re no longer limited in terms of who can handle the business accounts. Many traditional accountancy software solutions are limited to a single user on a single computer. Cloud accounting software is easily scalable, adapting to the changing needs of your business.
We are really excited that DebtCase already integrates with several accounting software packages, including Xero and FreeAgent. If you’re a business owner or a self-employed individual already using either of these accounting platforms, you can use DebtCase for free to help you get your outstanding invoices paid. To find out more, contact us here.
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