With cloud technology, small businesses and small to medium enterprises (SMEs) have access to applications previously only available to big business.
Whether it’s converting an invoice into a general ledger transaction or automatically requesting payment from your debtors, cloud applications are saving businesses time as well as increasing accuracy. And all for a minimal cost.
Transferring bank transactions to the general ledger used to be a slow, labour intensive process that wasn’t particularly accurate. Now, with cloud applications, bank transactions can be automatically transferred to the ledger.
Most of us use some form of cloud service regularly, whether it’s iCloud to store photos from your iPhone, internet banking or hosted email. Cloud computing simply refers to computation, software, data access and storage services that do not require end-user knowledge of the physical location and configuration of the system that delivers the services. To be a true cloud product, the application needs to be accessible at any time, on any internet-enabled device from anywhere.
To choose the best cloud service provider and applications for your business you need to thoroughly review your business processes and identify the “gaps” where automation and technology can assist. Cloud computing products, for a minimal outlay, offer enormous benefits to small businesses and SMEs. To become more efficient and competitive, it’s essential you embrace new technologies, particularly cloud products.
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