1 / 15

How Cloud Computing Can Benefit CPAs & Accountants

CPAs and Accountants can harness the power of the cloud to get various benefits such as better mobility, security and more comfortable collaboration with clients. Here are a few more ways explaining why the cloud is highly beneficial to CPA's and Accountants

neha_ace
Download Presentation

How Cloud Computing Can Benefit CPAs & Accountants

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How Cloud Computing Can Benefit CPAs & Accountants

  2. What is Cloud Computing? Cloud computing is the web-based computing where servers, storage, and software are delivered by the cloud provider to offer faster access to data, and device & location independence. Accountants and CPAs are migrating to the cloud because of large capital expenditures on data storage. With better productivity, efficiency and advanced security, CPAs are embracing the advantages of cloud computing.

  3. Let’s look at the advantages of Cloud Computing to CPAs and Accountants

  4. 1. Anytime, Anywhere Access With the help of cloud computing, accountants and CPAs are able to access their accounting data and applications anytime from anywhere through portable devices. They can prepare invoices and make business payments remotely.

  5. 2. Real-Time Metrics Cloud computing provides real-time data to the CPAs and accountants which helps in faster and better decision-making. It also helps them to measure cashflow, earnings, and tax statements simultaneously and improve transparency in work.

  6. 3. Advanced Security The risk of data loss is unaffordable for tax and accounting firms. Sensitive tax data should be protected from invasion and breaching. Cloud computing provides security measures like multi- factor authentication, firewall, IDS/IPS, and end-to-end encryption which ensure that the tax data is always safe and secure.

  7. 4. Easy Data Backup Tax and accounting data is critical and any data loss can cause harm to the business. Cloud ensures regular backups which helps the CPAs and accountants to restore the tax data whenever needed even in case of a disaster or any system or hardware failure.

  8. 5. Saves Time and Cost Switching to cloud eliminates unnecessary tax expenditures, time required for deploying security measures, IT maintenance, and server failures. It's the responsibility of cloud service provider to handle such tasks so that CPAs and accountants can concentrate on their objectives and other business areas.

  9. 6. Flexibility Cloud computing offers flexibility in pricing to the CPAs and accounting professionals to ensure that they only pay for the resources they use and there is no wastage of money. With the help of cloud accounting, CPAs and accountants can scale up/down resources as per their business requirements.

  10. 7. Automatic Updates & Upgrades The software updates and hardware upgrades can cause a huge dent in the pocket of the CPAs if they are on a local infrastructure. However, cloud service provider ensures that everything from the installation to the regular update of the tax software is done appropriately.

  11. 8. Enhances Client Relationships Through cloud computing, CPAs and accountants are able to enhance the relationship with their clients as they can collaborate with them easily on the same files in real-time simultaneously. It ensures streamlining of the accounting process which increases transparency, leading to happy clients.

  12. 9. Eco-friendly The cloud eliminates unnecessary expenses on hardware on their premises due to use of energy efficient equipments and fewer carbon footprints. Hence, accounting firms contributes to greener environment through reduction in power consumption and optimum energy utilization.

  13. ABOUT US Ace Cloud Hosting, powered by Real Time Cloud Services, LLC (RTCS), is an award winning cloud provider which offers its exemplary hosting services for accounting applications to CPAs, accountants and business professionals. We provide with 99.999% uptime on super fast SSD-based servers with 24*7 customer support and 100 days backup facility. Managed Application Hosting To know more, visit us : www.acecloudhosting.com or Call us at 1-855-ACE-IT-UP

  14. LIKED THIS DECK ? Find more content like this.. Follow us for more great content

  15. THE IMPACT OF CLOUD COMPUTING ON ACCOUNTING INDUSTRY - Ace Cloud Hosting References HOW IS CLOUD ACCOUNTING REVOLUTIONIZING THE CPA PRACTICE? - Ace Cloud Hosting IMAGE CREDITS : iStock.com

More Related