As most accountants agree that migration to the cloud is inevitable and continue with their eyes set out far away in the clouds with feet firm in the ground; one has to settle without realizing much gain if seeing the scope of a quick and painless migration over shadows the details.
Let’s face it data migration is never a trivial task. Going on a cloud platform is not exactly like taking your operations overseas, but the opportunity stemming could increase your operational efficiency. Accountants or businesses having the right outlook and immersing themselves in this interactive experience would benefit the most from this migration.
A study by Accenture shows organizations improving operational efficiency by up to 74% and increase sales by up to 58%, by effectively using digital technologies such as e-commerce, data analytics, mobile, cloud computing and social media. That isn’t the only reason, staying authentic by taking the e-plunge into the digital economy allows small and young firms to embrace an operating model that help acquire new customers and retain talent.
Becoming A Change Agent
Will you take the digital road first or your move to the cloud is in a procrastinating phase. To stay away from the trap of experiencing minimal benefit, businesses and accounting practices need to become proactive by leading clients rather than follow them.
A One Size Fits All Solution
Revamping your practice or fully harnessing the benefits of a cloud version of accounting requires one to evaluate all available options since all software’s are not created equal. A Do It yourself accounting software should allow accountants to be completely in charge of their accounting systems, be it achieving a .001 percent inventory variance or a reduced learning curve where practitioners could train team members. As manufacturers are attaching slightly less importance to sales growth in 2016, placing more of a premium on reducing the cost structure and improving risk controls, they are satisfied if the investment in the right software is worth it.
Integrating old and new
Keeping your new workflow process realigned to the old process is a bitter reality you face when you embrace DIY type of software such as quick books in the middle east. A client trading in dual currencies are stripped of the benefits of maintaining a professional payroll system that can generate customized spread sheets. The benefits of offering payroll services that reduces the time staff takes to finish an activity could not be utilized, but by taking advantage of the forgiving nature of these systems you can make the most of the opportunity this new age systems provide.