The benefits of doing business in the cloud
In this first entry I wanted to have a look at our new cloud-based product offering which many of our clients have already taken up and we are looking to further expand in the coming months.
In today’s business world where up-to-date information is paramount and time is a scarce resource to be carefully managed, an accounting system which facilitates these necessities is invaluable. So that we are delivering the best possible service to our clients we have been rolling out our cloud-based accounting offering in partnership with Xero. This new system provides us with the ability to work with our clients from a single ledger which is 100% online, live and provides information which is completely up to date at any given time. Historically, accounting has been done based on outdated information meaning business owners were likely unsure as to how their business was performing until the time of tax return and account preparation.
New technology has allowed the creation of the online single ledger which enables business owners to work with us and other stakeholders on live financials throughout the year meaning access to financial information whenever it is needed. This puts information for decision making at your fingertips and enables a far greater opportunity to analyse business performance by getting an accurate and completely up-to-date snapshot of key business KPIs when required. The ability to free yourself from your office and access information from anywhere via a laptop or mobile device is another fantastic benefit of being in the cloud!
Online products which are improving systems for small business and changing the business landscape are now on the market and available through us as partners. These include solutions for:
- Forecasting and budgeting; and many more.
It is an exciting time to be in business and an exciting time for us at Advance Business Centres to be helping our clients maximise their potential.
To find out more about how these systems could assist your business, contact us for a chat at any time. Alternatively, stay tuned for our up-coming online webinars outlining the benefits and functionality of our new product range. -Tim