MAKING THE MOST OF THE CLOUD
Cloud technology has changed the way we work. It’s no longer something that’s ‘coming in the future’ – cloud-based software is already being used across a huge variety of industries. In fact,
recent research shows that four in five businesses have at least one cloud solution as part of their wider business systems.
Clients are using cloud accounting software
Your business clients are already savvy about cloud tech. And, increasingly, they’re moving to cloud accounting software to run their bookkeeping and financial management. 23% of small businesses are already using cloud accounting solutions, and a further 30% are planning to do so in the next 2-3 years. Clients know how cloud can help their financial processes. And they have high expectations their bookkeeper will be up to speed with cloud too.
Your competitors are already using cloud tech
Clients want an adviser who shares their digital mindset – and if your competitors are already in the cloud, that leaves your firm at a distinct disadvantage. Over a third of accountants are already using online accounting in some form. Failing to grasp the cloud opportunity risks falling behind the competition and losing valuable clients. Cloud-based firms see year-on-year growth of 14%, as opposed to 4% growth for non-cloud practices. So if you’re ambitious about growing your firm, the cloud is the way to go – meeting the demand for an online bookkeeper and evolving value-add
services to add new clients.
Changing the expectation of bookkeeping
Bookkeeping needn’t be a low value function. Moving to a cloud system gives you a seamless, efficient bookkeeping set-up, allowing you to expand your advisory services and add real value. With your choice of accounting platform in place, and a custom set of apps and cloud solutions, you get reliable, real-time data and can take full advantage of working in the cloud. Making the change from number-cruncher to financial superhero will mean negotiating a learning curve. But that’s easier when you know the mistakes to be aware of, the pitfalls to look for and the best practices for managing your financial processes.
To read more about the 5 mistake accounting firms should avoid, click here to download your white paper.
Receipt Bank | www.receipt-bank.com