Cloud-based accounting systems and your business.

Digital CFO™

TheDigitalCFO

Let Technology do the work

There are still many outdated systems out there that are soon going to become redundant. In this interesting time, we found ourselves in. Many businesses have been tested in the continuity of their operations with the rise of the COVID-19 pandemic. How much anxiety did it cause you to move your staff off-site? What impact is it having on your business socially and economically? Were you able to continue? Have you considered cloud-based accounting systems as a place to start?

It is time for an update

Updating your systems can have benefits across the board and will have a larger impact than you might expect. These benefits may include cost saving, working with real-time data and systems integrating with one another. I have recently been to a potential client to conduct a systems audit. Everything was fine and dandy until all operations were disrupted. The staff could not access information from home, accounting, client service, and back-office information were all backed up on a server. Yes, information can be accessed by the VPN server, but let’s be honest. Anyone who has worked with these systems knows the shortfalls. It is slow, unstable and could cost a fortune. Your information can be lost in an instant, be it a server crash, theft or fire.

Cloud-based systems

The simple answer is cloud-based accounting systems such as Xero and SageOne. Your data is safe, secure and can be accessed anywhere in the world, as long as you have an internet connection and a computer.

The beauty of these systems is that it never stops evolving and is changing the landscape of business. Take this time at home to do some research on what systems you can use. Just in a week, you have heard about Microsoft Teams, Zoom or Google hangouts. Now is the time to make a proactive decision to protect your business in the coming months ahead. We do not know what the future holds, tomorrow is a mystery. But you can control if you want to stay ahead of the curve.

Please contact us to set up a video conference to chat about possible integrations in your business.

Other Blogposts

What is VAT?

So what is VAT? A value-added tax (VAT) means that consumption tax is added to a product at every stage of the production chain because the value is being added to the product. Revenue is raised for the South African government by requiring certain businesses to register and charge VAT on supplies of goods and services.

Read More »

Cloud-based accounting systems and your business.

There are still many outdated systems out there that are soon going to become redundant. In this interesting time, we found ourselves in. Many businesses have been tested in the continuity of their operations with the rise of the COVID-19 pandemic. How much anxiety did it cause you to move your staff off-site? What impact is it having on your business socially and economically? Were you able to continue? Have you considered cloud-based accounting systems as a place to start?

Read More »