What can cloud computing offer your business? Greater technological uptake is a consistent theme of successful enterprises in modern Australia – but is it right for your business? Could it revolutionise your enterprise, or is it an unnecessary, complex addition to your business strategy.

Let’s take a look at what DBS Accountants founder Rajeev Dixit, CPA, thinks about cloud computing in the workplace. Could it be the right move for you?

Cloud computing could make your business more financially efficient.Cloud computing could make your business more financially efficient.

What benefits does cloud computing have for the average business owner?

Cloud computing, for the uninitiated, is the method by which a person is able to utilise a programme regardless of what device they are using or where they are in the world. As long as they have access to an internet connection, they are able to access their programmes. In a similar vein, there is also cloud storage, where it is data rather than programmes that are stored remotely. Both work on the same principal: That accessibility is key to greater efficiency.

As you can imagine, this is an attractive proposition to business owners that may need to be able to access their financial records at a moment’s notice. Rajeev describes how the integration of cloud computing allowed one of his clients to actually go on holiday without needing to worry about what was going on back home – if there was an issue, he could fix it as easily from Fiji as he could from his office.

Where does the accountant come in?

“Accountants can have better understanding of a client’s business as they can see current data instead of historical data.”

However, Rajeev makes the point that it isn’t just about access for the business owner: It’s about collaboration with their accountants as well.

“Their accountants can view real-time data, use the software anywhere as long as internet connectivity is available, they can attach source documents to transactions within the software, making it that much easier to simplify their record-keeping,” he explains.

“Accountants can have better understanding of a client’s business as they can see current data instead of historical data. As both accountant and client work from the same file, any corrections or changes made are reflected immediately, no need to wait for the client to send a backup of the data file to prepare returns and so on.”

As a result, cloud computing doesn’t just make it easier to access your data and programmes no matter where you are, but it increases efficiency for your enterprise and your accountant as well. That gives you more time to work on the everyday running of your business, instead of record-keeping.

For more information on cloud computing and how it can help your business, get in touch with the team at DBS Accountants and discover the right application of this modern technology.