Understanding Cloud Computing

Categories: Cloud Accounting, Small Business

11 August 2016

Businesses are increasingly embracing cloud computing. In the past, running traditional business applications was not only expensive but also complicated. You needed professionals to install, configure, test, run, and update the applications. However, with cloud computing, these tasks are a thing of the past.

What Is Cloud Computing?

Cloud computing is a form of storing and accessing data and programs over the internet as opposed to your computer’s hard drive. Unlike traditional computing, with cloud computing someone else has the responsibility for managing their hardware and the software you use. And, importantly, you only pay for what you need – scaling up and down is easy, and upgrades are automatic.

What Is Xero and Why Should for Business Owners Embrace It?

As a business owner, storing your documents and files in a safe and secure place is essential. Having the right application that helps you secure your data online is critical. Xero is accounting software that helps you streamline and simplify your accounts.

Specifically created for startups and small businesses, this software allows you to be in control of things and easily understand your financial situation at any time, from anywhere you have access to the internet.

Advantages of Using Xero

Everything is done online: Being a cloud-based software, Xero allows you to update everything online. This gives you time to focus on other important tasks rather than manually reconciling bank accounts or calculating how much is owed.

Real-time: When you use Xero, you have the opportunity to interface with your business’s full financial position at any time. Because the information is continuously updated, you are guaranteed to never miss out on any information.

Future proof your business: Having XERO ensures that the latest version of the software is always accessed. Being a program that is fully supported in the cloud, you can rest assured that the information you’ve entered will always be up to date.

Reduced costs: Investing in Xero is an excellent way to cut down operational costs. You don’t have to make an upfront investment in software or purchase software for each computer in your office. Moreover, you can enjoy reduced IT maintenance costs as the proactive and helpful Xero team is responsible for the system’s maintenance, security and upgrades.

Ability to scale up: When businesses expand, they find it difficult to keep up with their accounts or monitor their cash flow. With Xero, you can easily scale up to meet peaks in demands by purchasing more server space.

As a business owner, cloud computing allows you the freedom to access all your business information easily and securely. Enjoy real time information without worrying about data loss, backups, theft or even upgrades.

To find out about other ways to improve your small business, give our friendly team at Scott Partners a call to schedule an appointment. We can give you professional, clear advice and help your business grow now and in the future.