In this day, it doesn't seem like a question for small businesses to move to the cloud. Why are so many businesses fully embracing cloud software?
Here’s eight ways your business can benefit:
1. Work anywhere, at any time
The total number of remote workers is continuing to rise and is currently estimated at 1.3 billion. More and more people have been integrating both their work and personal lives. One of the major facilitators of this change is cloud computing. It allows you to do your work any where and at any time, while keeping up to date with your business and team members.
2. Reduce hardware costs and scale easily
IT systems built in house can lead to large capital spending on hardwares, high energy bills and the need for technical support and extra floor space. On the other hand, cloud software requires no hardware, only an internet connection. Since you're no longer reliant on hardware, it's simpler to expand at any rate your business requires, without lag or investment risks.
3. Become location agnostic
Without on premise hardware, there is no geographic restrictions on your business. This allows you to increase you potential customer base and reduce your operational costs. Certain small businesses could even go office free, since cloud computing allows for collaboration and messaging in real time, thus further cutting overheads.
Most cloud based business applications are created to function and look like common services and sites in order to appeal to the intuitive, one click functionality individuals often expect. Thus, training for these tools and applications is often quite minimal.
5. Easily stay compliant
All businesses must comply with various forms of regulations whether it be related to data protection, tax or employment law. As changes are often being made, it can be hard to stay up to date and may impose painful changes to your work practices.
However, with cloud computing, these required changes are inputted to the software in real time by the provider. Therefore, the next time you log in to the system they are ready to use, leaving you one less things to worry about.
6. Fix glitches quickly
Traditional software licences often make you wait at least a year for any upgrades or fixes. Then, when a new version is released, you need to pay for for it and go through the trouble of both installing software and relearning the new features.
However, when you log into a cloud accounting system, you are always accessing the most up to date version of the software. In this case, service providers are doing all the hard work and you don't have to do a thing.
7. The freedom to change
There is no installation or capital outlay with most cloud services. Therefore, if the service is no longer a good fit for your business or you wish o try something else, you simply cancel your subscription and move to another.
Working on the cloud gives you flexibility to beta test new ways of working and do what is best your business. This means, that service providers will often work harder to ensure they keep your business, allowing you to benefit from better service.
8. Gain access to the unimaginable
Things such as Customer Relationship Management (CRM), shares data, project management tools and synchronised accounting applications were out of reach for small business, as small as five to 10 years ago.
Fast forward to today and there's a cloud application for almost all business functions. The functionality available to small businesses gives them the opportunity to realistically compete with larger competitors. Thus, allowing the business to grow.