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27 November 2014

Making the Move to the Cloud

Cloud systems have seen a huge rise in demand recently due to the enormous benefits businesses are able to achieve. Cloud systems are powerful and innovative pieces of software that provide great value for a reasonable price. 

We take a look at what it means to be ‘in the cloud’, how your business can reap the benefits and some of our recommended systems.


What does it mean to be ‘in the cloud’?

Cloud providers manage infrastructure and platforms that store the systems/data. These systems/data can then be accessed externally by users over the internet usually via a web browser (Internet Explorer, Google Chrome, Firefox, etc.) or an App.

A common example of being ‘in the cloud’ that people don’t often recognise is internet banking. We refer to the ‘cloud’ as the Software asa Service (SaaS) business model as opposed to Infrastructure as a Service (IaaS) or Platform as a Service (PaaS).


What are the benefits of cloud systems?


Anytime, anywhere access 

Cloud systems allow users to access the service from any device at any time. You can access the same data from a phone, tablet or PC anywhere in the world at any time of day or night.

Safe and secure 

Security measures in place for cloud systems are more secure than those hosted on servers stored locally at your business. Providers of cloud systems have the scale to implement world-class security measures that aren’t feasible for your everyday business owner.

Integration 

Cloud systems are generally built on an application programing interface (API) that allows integrations between various other systems. The API defines the operations, rules, inputs, outputs and underlying types of the software and is made available to software developers. Software developers then use this information to build other software which allows the two systems to communicate and share data.

Environmentally friendly 

Cloud systems have the ability to reduce your use of paper as well as your internal IT hardware and electricity costs.

Save time & money 

Reducing costs related to hardware is a major advantage of using cloud based systems. Most cloud systems are designed to address specific issues (accounting/bookkeeping, inventory management, payroll, etc.) by providing more efficient and cost effective solutions compared to what has been traditionally available.

Recommended Cloud Systems

Google Drive

What for? File Storage

Who for? Businesses/individuals currently hosting files on local servers and/or hard drives

Cloud storage systems like Google Drive allow you to store all your documents remotely. You can then access all your important files from anywhere, any device, any time. As it’s stored in the cloud, there’s no need for routine backups.

Xero 

What for? Bookkeeping/ Accounting

Who for? Businesses using desktop based systems such as MYOB or Quickbooks

Cloud accounting systems enable your bookkeeping/accounting software to receive daily bank feeds from all your business bank accounts and credit cards which means no more manual data entry. Create rules to enable fast reconciliations of recurring transactions. Payroll can be processed directly from Xero and will provide access to your employees via the employee portal as well as your accountant for business advice and guidance.

Invitbox

What for? Accounts Payable

Who for? Any business currently processing accounts payable manually

Receive suppliers invoices via email directly to Invitbox where the key data (supplier, date, products, GST, invoice total, etc.) is extracted. Once invoices are approved they are exported to your accounting/bookkeeping system for payment processing. Invitbox even has the ability to export a PDF copy of the invoice.

Deputy

What for? Timesheets & Rosters

Who for? Businesses with predominantly employees paid at an hourly rate

Allows employers to create and communicate with staff shift rosters. Once published rosters can be communicated to staff via email, SMS or the Deputy App. Staff time is tracked accurately by employees checking-in and checking-out of their shifts using either the Deputy App or Deputy website. When setup correctly with your accounting/bookkeeping systems, Deputy will interpret timesheets based on the applicable award payments to determine the appropriate rate of pay (overtime, Saturday, Sunday, public holiday, etc.).

Vend

What for? Point of Sale

Who for? Retail outlets

A cloud based point of sale that operates similarly to a traditional point of sale but allows your daily sales to be exported to your accounting/bookkeeping system, which allows for easy reconciliation of EFTPOS and cash takings. Vend will typically be able to work with already existing point of sale hardware.

Shoeboxed

What for? Receipt/Invoice Management

Who for? Businesses who received lots of receipts/invoices

Invoices and receipts are submitted to Shoeboxed via the Shoeboxed App, email, online upload or via post using a Magic Envelope. All documents are scanned & uploaded then key invoice data is extracted from the document for verification and exporting to your accounting/bookkeeping system.



Daniel Hardy is a Director of ProAMS who helps businesses implement cloud based systems to meet their specific needs. ProAMS also offer an Accounts Management service consisting of bookkeeping, payroll, creditor management, debtor control and banking. 

To discuss how your business could benefit from any of the systems featured in this article or other available systems please contact Daniel directly on 0422 789 426 or dhardy@proams.com.auVisit the website at www.proams.com.au.

4 comments:

  1. Its very helpful information about cloud system. Everyone want to move his or her business to cloud system that is big business. Cloud accounting company, also referred to as “online accounting”, serves the same function as accounting software that you would install on your computer, except it runs on our servers and you access it using your web browser, over the Internet. thanks

    ReplyDelete
  2. These are great information you are sharing here. If you are currently in a finance role and want to develop your skills, or you are looking to make the most of a career break. When most people think about bookkeeping and accounting, they would be hard-pressed to describe the differences between each process.
    Read more about accountants. thanks

    ReplyDelete
  3. Thank for your great Sharing. I have read your article. I think it is really helpful article. Really you are great. You create a knowledge house. Everyone can get more idea from your site. They can develop their skill. Thank again.
    best tax accountants

    ReplyDelete
  4. This is a wonderful article. These type of articles keeps the users interest in the website. easy invoicing

    ReplyDelete