2023/06/27
Is your company still using spreadsheets for accounting?
How about the accounting software that you’ve used for ages doing double-entry bookkeeping?
Recording income and expenses of your business to track financial growth is nothing new.
In fact, accounting software in desktops has been there for the longest time and is performing satisfactorily.
Organizations also have a wide array of options.
You can choose to stick it out with balance sheets and what have you, opt to deploy an on-premise software, perhaps pick a cloud accounting software or handpick hybrid models combining the two.
But then, an increasing number of businesses are doing their accounting, storing their information and data as well as applications in cloud based management software.
And why not?
Mainly because there is a massive amount of data that needs to be kept safe in storage, that is easy-to-access, in a cost-effective and in a most efficient manner.
All this data stored and not being managed correctly can be a nightmare!
Information that took years of consolidation can be corrupted and gone in seconds!
What a disaster.
But with the cloud, it will definitely be a burden off your shoulder.
Since it was introduced in the 1960’s, cloud based management software has now taken the 21st century by storm because of its cohesive and accurate data management.
According to a report in Cloudwards.net, about 60% of businesses make use of cloud based management software.
In 2020 alone, the global cloud computing market was valued at $371.4 billion and is estimated to increase swiftly by the end of 2025.
In the Philippines, we have our best practices in migrating to cloud based management software but we still have a long way to go to fully implement it.
The good news is, the Department of Information and Communications Technology (DICT) was mandated to speed-up the accreditation process for cloud based vendors in coordination with the cloud first policy.
This gives everyone something to look forward to as government agencies are mandated to adopt cloud based management software.
And for businesses in the private sector?
Well, cloud accounting is now the most sought-after service in businesses worldwide, powered by a cloud based management software.
There is no reason for you not to migrate to the cloud.
It is not just a fad nor a passing fancy, but it is something that you cannot do without.
It’s safe to say it’s a prerequisite in your business.
A cloud-based project management software coordinates the planning, collaborating, monitoring, and delivering of a task.
It enables managers and teams to accomplish tasks by utilizing a network made available within the cloud based software, rather than using whiteboard and sticky notes.
The use of project management software ranges from business to business, and also from one department to another department.
In general it is constructed to accomplish tasks, manage projects and adhere to deadlines easier and more efficiently and effectively.
A growing trend in recent years is cloud based management software.
There are new and improved cloud based management software tools that are available.
The trick is to know which one is best for you.
Before anything else, and if you have not yet deployed one, it is essential to know the reasons why you need to migrate to the cloud as soon as possible.
easyFS gives you a highly-accurate and real-time view of your financial statements.
Sign-up for a FREE easyFS Accounting System now!
easyFS gives you a highly-accurate and real-time view of your financial statements.
Sign-up for a FREE easyFS Accounting System now!
Choosing the best and most suitable project management software can often become a pain in the neck, especially when there are several vendors offering almost similar features.
The right one harnesses communication, organizes the organization’s workload, enables productivity, and most importantly, impacts the business as a whole leading to success.
Keeping that in mind, you can now migrate to the cloud with no second thoughts.
Check out Human Incubator’s cloud based management software to cover your accounting, inventory, POS and HR.
They will help develop cloud-based management software designed to meet the growing demands of your business.
Free trials are available. See: https://human-incubator.com/
easyFS gives you a highly-accurate and real-time view of your financial statements.
Sign-up for a FREE easyFS Accounting System now!
easyFS gives you a highly-accurate and real-time view of your financial statements.
Sign-up for a FREE easyFS Accounting System now!
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