The COVID-19 pandemic significantly altered many businesses’ day-to-day operations. To ensure the health of their staff while maintaining productivity, employers have expanded their employment options to include more remote work opportunities. This shift toward an offsite working environment has created a greater demand for cloud-based tools and solutions.
What is cloud accounting software? Platforms like Caseware Cloud are designed to operate securely in a remote environment, enabling multiple users to access a system from any location. Communication, collaboration, file storage and other tasks can all be safely managed in the cloud.
Cloud-based accounting software is becoming increasingly popular in the accounting and auditing industries, providing forward-thinking firms and audit departments with the foundation for moving into a new, modern era. Recent Caseware research, documented in the 2023 State of Accounting Firms Trends Report, revealed that nearly 60 percent of the more than 4,100 survey respondents said they are using cloud platforms in their practices to some degree.
Caseware Cloud is one such piece of cloud software for accountants that can provide the solution-driven results needed to get ahead of the competition in this digital age.
Five Reasons To Adopt Caseware Cloud
The benefits of cloud accounting (and Caseware Cloud in particular) are numerous. Let’s have a look at the top five.
1. Enhanced client communication
Your clients want to feel valued and prioritized. However, accounting practices that rely on traditional communication methods may cause frustrating delays that could make their customers feel slighted or unimportant.
As a society, we have become used to communicating through rapid channels such as emails, social media platforms, text messages and phone calls. As a result, the modern world demands instant feedback and your clients expect the same level of promptness from your technology.
Caseware Cloud provides a central portal to facilitate fast, secure communication via instant messaging, file sharing and status updating.
2. Greater team collaboration
Effective teamwork is critical when your agents and clients must operate simultaneously. However, a preponderance of manual work, sluggish communication and overly complicated document exchange protocols can all contribute to a painfully slow and cumbersome process.
Caseware has recognized that inefficient workflows can waste resources and discourage your clients. One of the benefits of cloud computing in accounting, though, is that all of these operations can be automated and simplified. Caseware Cloud leverages the benefits of this technology by streamlining your most crucial tasks, saving time and money while delivering a superior experience to your clients.
3. Work from wherever, whenever
Traditional work schedules often require waking up early, fighting traffic and spending eight hours in an office before returning home. Unfortunately, this routine can lead to fatigue or even burnout.
One of the most attractive advantages of cloud-based accounting software is the ability to work remotely. Employers can give their employees the flexibility to work from home or even a coffee shop, breaking up the monotony of the traditional workday, and still enabling them to do their best work. Clients will also appreciate the option to collaborate with your team from the comfort of their homes at a time that fits their schedule.
4. Easier file management
Your clients rely on you to keep their confidential information safe, organized and easily accessible. Neglecting to follow best bookkeeping practices could result in lost or leaked data, which could be catastrophic for both your clients and your firm.
To ensure successful file management, you should implement intelligent, safe and user-friendly systems for storing, accessing and purging your records. Using outdated paper-based methods to organize documents is risky, as they are challenging to maintain and items may be lost or stolen.
Caseware Cloud’s storage space for accountants provides a centralized location for your data, making it easy for you and your clients to access information whenever it’s needed. Additionally, we offer cloud-based accounting software with data encryption to ensure maximum security and protection for your clients’ most sensitive information.
5. Strong permission protocols
The benefits of cloud accounting include the guarantee that a client’s information is safe in your hands. Of course, granting the appropriate people timely access to this data is also necessary so they can complete their tasks. Therefore, it’s essential to establish strict permission protocols that enable your team to work together while maximizing security.
With Caseware Cloud, you can easily regulate user rights and access by establishing pre-defined roles and personalized permissions to suit each team member’s unique role within the organization. Using security measures comparable to those employed by major financial institutions, Caseware Cloud emphasizes the importance of strong information security in order to manage your clients’ essential data safely.
Your partner in cloud computing
Cloud accounting software is not only efficient and secure but also environmentally friendly and cost-effective. By eliminating manual, paper-based procedures, you can reduce a host of expenses, saving money while minimizing your ecological impact.
Gone are the days when you must remember to shut your systems down to complete a time-consuming update. Modern cloud accounting software is automatically updated, so you won’t have to stress about losing critical working hours to perform unnecessary upgrades.
The most significant benefit of cloud accounting, though, is that you can immediately utilize its benefits, regardless of the size or maturity of your firm. Newly launched companies can start establishing best practices from the beginning, while more established firms can optimize their historical data and transform their operations by transitioning to the cloud.
By partnering with Caseware, you also gain access to knowledgeable cloud professionals dedicated to ensuring the long-term success of your accounting firm. Our team has decades of experience working with accountants and auditors to help identify pain points and find actionable solutions.