Here is a guest blog post from Michael Koploy, ERP Analyst, Software Advice
Because of its attractive pricing model, collaboration benefits, and little-needed IT resources, more small business should look into online accounting software.
Software Advice, a website that reviews both on-premise and cloud-based software programs, recently held a roundtable discussion with three cloud-based accounting software CEOs. These executives from Intacct, ePartners (a Microsoft Dynamics GP VAR), and Kashoo offer solutions for a wide range of industries and sizes of businesses, but they agreed on a number of qualities that make online software a good choice for small and medium-sized businesses.
Here are some highlights from the roundtable discussion:
- More small and medium sized companies (less than $2 million in annual revenue) are choosing to adopt online accounting and ERP solutions.
- Users are becoming more comfortable with putting their important financial information in the cloud, thanks to users warming up to the idea of storing sensitive information on vendors’ servers.
- Most industries are quickly moving to cloud-based financial systems. One of the industries that is not? Manufacturing.
- Benefits of switching to online systems from on-premise software include: less IT requirements, improved financial visibility, improved process automation, cash preservation, and increased collaboration.
- Mobile technology, decreased data entry, and more accounting-focused, cloud-based ERP solutions are seen as future trends in the industry.
For a full transcript of the discussion check out: State of the Online Accounting Industry: Executive Roundtable.
Michael Koploy ERP Analyst Software Advice All the best!
Dom Celentano
Tips on Running a Small Business
Great article on Cloud based accounting software. Information are very useful for small business. thanks for sharing this valuable info with us.
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I think these times it's too difficult to keep fill accounting management with a person so this time to make this situation better and easier we have to purchase an accounting software. I have read over-all details about it and really, you have provided awesome information about the accounting software. Even so, I think it's being important to accounting software can maintain a high level of financial control of any business company.
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