How cloud accounting benefits IT staff
For a long time, IT and accounting departments were at odds with each other. Cloud accounting systems are changing that dynamic for the better — and not just for the IT team. Cloud accounting software benefits your staff and your company as a whole by giving them more control over finances, making it easier to do compliance checks, and improving reliability in general. Let’s dig into what makes cloud accounting so great for IT staff!
Control for IT
Control is a very important aspect of cloud accounting software. For example, IT has control over:
- Security of data. Cloud accounting software allows you to keep your data safe by utilizing encryption and other measures for safeguarding information.
- Control over software updates and patches. You can easily upgrade your software as needed without having to worry about compatibility issues with existing hardware or software applications that may be installed on your computer system without disturbing any other applications running in parallel (e.g., antivirus programs).
- Control over network access restrictions so that only authorized users are allowed access to certain parts of the network, while keeping others out via firewalls and other security measures implemented by cloud accounting vendors such as Sage Intacct.
Report on compliance and cybersecurity
Compliance is another area where cloud accounting software helps IT staff. Cloud-based accounting software makes it easier to report on compliance, and the reports are more accurate. This means you can show that your company is meeting all legal requirements.
In addition, cloud accounting software allows you to access information about what’s happening with your financial data in real-time. So if someone tries to hack into your system or steal money from it, you would know about it immediately, not months later when auditors come knocking on the door asking questions.
Cloud accounting software is more reliable than traditional on-premise systems because cloud providers like Sage and Acumatica maintain your servers. Usually big publishers like this will leverage industry-leading infrastructure for its servers, such as AWS, which boasts 99.99% uptime. You also don’t need to worry about maintaining physical servers or VMs, which can be a headache and easy to forget.
The Benefits of Cloud Accounting Software for your IT Team
Cloud accounting systems offer a number of advantages to IT staff that result in cost savings, increased productivity, and more time to focus on projects that will benefit your company.
The cloud is now the preferred way to run an accounting system because it requires less maintenance than traditional software. Gone are the days when you had to worry about hard drive failures or hardware upgrades; cloud-based accounting comes with automatic backups and updates that keep your data safe at all times.
In addition, it can be accessed from anywhere, at any time — not just at your office location — meaning employees can work remotely without having to lug around sensitive financial information with them on their laptop computers.
Additionally, cloud-based systems allow IT staff members greater control over who has access to sensitive company data by granting permissions based on job functions rather than individual user accounts. This also allows you as an administrator greater flexibility when adding new employees: instead of setting up each individual account yourself (which takes time), you can simply give them access once they’re hired without needing additional resources from HR or anyone else who handles onboarding responsibilities within the company!
Finally, since most businesses today rely heavily on technology for success, both financial and wider operational tech, getting up and running quickly is essential for businesses seeking new ways forward through innovation rather than stagnation.
Cloud accounting is a great tool for IT. It’s easy to use and offers much more functionality than most traditional on-premise accounting systems. The fact that it also integrates with other business systems means that IT staff can spend less time on tedious tasks, allowing them to focus more on critical security issues like data breaches and cyber-attacks from hackers.