Every business has been affected by 2020 in one way or another. Some businesses have gained a lot of traction. Others are losing money by the day. They all have one thing in common. Accounting is an essential function of their company and they need access to their systems, sometimes at the drop of a hat. How they get that access differs, however, but one thing has been made abundantly clear. Having remote, mobile access to accounting systems is now more important than ever.
Locked Out of the Office
Interruptions have become a daily occurrence, so it is somewhat normal now. However, major interruptions can still rock you.
When you cant get into the office to get your critical accounting documents it could mean missing out on a loan that your business needs to stay open. Now it may not always be that serious but it makes you think "what if I don't have access?". Thankfully, cloud accounting has come a very long way since it's inception. Going so far as to surpass many of the on-premises solutions at a fraction of the cost.
It's all about the security and accessibility of your companies vital information.
Experiencing Rapid Growth
On the other side of the coin are the businesses that cant keep up with the growth. 2020 has been a whirlwind in terms of change. Where some can't get people in the door, others have services that are far more in demand than they ever were.
Those businesses need a system that can quickly scale. With on-premises software that can be a monumental challenge. This could mean dropping money and time into new hardware. Having on-call IT support to fix any potential upgrade issues. Emergency data backup. Downtime to upgrade and expand. All of which cost time and money and cause stress.
So if you didn't have a plan to get your company to the cloud you still have time to catch up.