Over the past several years, everything from banking to grocery shopping has migrated to the cloud – a shift that has intensified in recent months due to COVID-19. In a previous post, we outlined the benefits of cloud-based solutions for accounting systems, including remote access, cost reduction, automation capabilities and strengthened security.
However, how do you know if the cloud is right for your organization? Below are a few practical questions to help you decide.
- Does my team need to work remotely?
- Do we need to accelerate financial processes and enhance reporting?
- Are our current processes inefficient?
- Is month-end close delayed due to bottlenecks from single-user access?
- Do managers or program leaders need visibility into role-based budgets and reports?
- Does my organization want to strengthen data security and internal controls?
- Are we concerned about inconsistent, unreliable backups of information?
- Does my team struggle with multiple versions of data stored in different locations?
- Does my organization utilize other applications that could be easily integrated into a cloud-based accounting system?
- Could we benefit from the scalability of software as a service (SaaS) by purchasing what we need now and customizing for future growth?
- Is my organization open to change?
If you answered yes to some or all of these questions, then there is likely a cloud-based solution for your organization. Shifting to cloud systems saves time and energy, enhances data security, increases accuracy, allows for streamlined reporting and encourages continuous collaboration.
The time to make the shift to cloud-based accounting solutions is now and can be done virtually and incrementally. SST’s Client Accounting and Advisory Services (CAAS) team is focused on creating integrated cloud-based solutions and efficient processes to streamline organizations’ accounting functions. Contact us today to determine the best fit for your organization.
Thanks to SST Partner Emily Cook for providing the content for this blog post. Click here to learn more about Emily.