Last updated on January 13th, 2023
Whether for personal or business needs, preparing tax returns can be highly daunting. However, there are many ways by which you can augment your tax operations in a significant manner. One such way is using Drake tax software which is very common among tax preparers, accountants, and CPAs. Features of Drake like built-in forms, automated data flow, multi-state returns, and e-signature give you an excellent opportunity to simplify tax operations to a vast extent. However, you might still encounter challenges, such as on-time filing of taxes, client support during non-business hours, file sharing, ensuring data security, etc.
Drake tax software hosting can solve these problems and help you prepare and process the returns quickly and efficiently. Having said that, hosting the tax software on the cloud allows you to stay focused on your core business operations rather than facing any tax challenges. Read on to explore how many more ways Drake tax software hosting can prove to be a boon for you.
Significant financial implications are involved in setting up a dedicated in-house server for Drake tax software. It’s not only the IT infrastructure and the adjacent hardware, you’d also need to hire IT professionals to maintain the regular upkeep of the system. As a result, you might end up investing a lot in establishing an in-house environment to host Drake software.
To eliminate a significant portion of these expenses, you can opt for Drake tax software hosting solutions. Your cloud provider will take care of everything from software deployment to maintenance and technical support. This proves to be an excellent opportunity for you to ensure an affordable alternative to hiring in-house IT professionals.
2. Enhanced Data Security
Data security is of utmost importance for businesses of all sorts and sizes. Since the inception of the pandemic, many businesses have constrained themselves to the work-from-home culture. This, in turn, has increased the risk of ransomware attacks and security breaches resulting in data leaks. Affording robust security could be a challenge for a few businesses as they need to hire cyber security professionals to ensure data security.
When tax professionals host Drake on the cloud, it is directly maintained and monitored by the tax software hosting provider. High-end security features like multi-factor authentication, firewalls, end-to-end encryption, anti-virus, Intrusion Detection and Prevention Systems (IDS & IPS), and automated backups keep your tax data more secure than a local system.
3. Remote Access
One of the most significant advantages of the Drake tax software hosting solution is that you can access your data from any location. You need a compatible device such as a laptop, smartphone, iPad, or tablet to access your data. It means, you need not be physically present at your workplace to access your data or work on it. From the comfort of your home or while on-the-go, you can review your data and always keep a tab on your business workflow.
4. Excellent Performance
Instances happen when you see a drop in the performance of your local device while using Drake tax software on it. Further, it decreases your productivity and often leads to data entry errors. Such occurrences hamper the growth of your tax business and slow down its overall development.
When you avail Drake tax software hosting services, you can easily mitigate these issues, as the cloud service provider uses high-performance computing servers. As such, you eliminate the risk of encountering any performance lag even while handling large data sets. Besides, you get the option to integrate Drake software with multiple add-ons and still experience excellent system performance.
5. Disaster Recovery
Neither the natural calamities nor their impact is in our hands. Occurrences like floods and earthquakes can cause irreparable damage to various businesses, including the tax and accounting industry. In some cases, recovering data from the on-premise systems becomes extremely difficult, which results in the loss of clients and the reputation of a business.
To avoid such instances, you must be prepared beforehand. Drake tax software hosting can be an ideal choice as it ensures data replication in multiple servers across multiple geographical locations. If there’s an impact on one of the servers, retrieving your data from another with cloud hosting in place becomes easy.
One of the most important elements of businesses, scalability, plays an essential role in business continuity, especially for small businesses. This is because their business requirements keep changing with time. Being scalable and matching almost every business need, Drake Tax Software hosting can easily fit your business needs. Depending on the business solutions you need, you can either scale up or scale down your needs without changing your cloud hosting provider entirely.
7. Effective Collaboration
Making easier collaboration should always be your top priority if your tax processes involve multiple users. Every individual team member should be able to work as a team. This is where hosting Drake tax software on the cloud plays a significant role. While your team can work remotely on the cloud, they can access, edit, and share data from anywhere across the globe. Additionally, the cloud makes it easier to share data in real-time with your clients whenever required. As such, you get an excellent opportunity to reduce time-to-market and significantly improve your services.
8. 24×7, 365-Days Support
Ensuring timely redressal of technical issues or queries is vital for a seamless tax process. It becomes challenging for most tax professionals to hire a dedicated IT team to handle their tax-related issues. However, with Drake tax software hosting, you’re backed by a professional and skilled team of industry experts 24×7, 365-days. They ensure that your software runs smoothly and that your queries or issues are always addressed.
Drake software hosting could be an ideal choice for tax professionals with multiple features and benefits. Anytime, anywhere access, high data security, scalability, effective collaboration, round-the-clock support, etc., are some of the essential components of hosted Drake software that possess immense potential to give you an edge over your competitors. Besides, you have to neither rely on the local IT infrastructure nor invest a penny in upgrading the existing one. All you need is access to compatible devices like laptops, tablets, or a smartphone and a reliable cloud hosting provider.
Want to know more about Drake Tax Software hosting services? Get in touch with our skilled professionals by writing an email to email@example.com or call @ +1-855-665-8910. We’ll be glad to assist you.
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