CLOUD ACCOUNTING

Productivity Anywhere - Cloud Accounting has redefined the way businesses operate today. As it plays
a substantial role in boosting productivity and efficiency in them. Cloud adoption has become a proven method
to boost productivity. Digitalization has seeped into every aspect of our lives including businesses. Digital
methods, such as cloud accounting have transformed the way things were getting done previously. According to
a recent survey, 79% of the people using cloud computing reported to have saved money, increased productivity
and earned improved security from the implementation cloud in their companies. Cloud Accounting allows also
for an easy collaboration between the employees. Workers can access relevant files and documents from
wherever they are.

Off site data storage - Since cloud accounting is operated by a remote server, off site data storage is
applicable, it is usually used via internet or via direct access. Cloud accounting grants people the ability to
access records from any location with an Internet connection.

No IT Maintenance costs – Cloud Accounting provides the ability to essentially outsource operational
IT work to an external company. The cloud service provider will assume all the risks and most of the burden. In
cloud accounting, the provider will take care of everything from updates and security to routine maintenance.