Why Hosting CYMA in the Cloud Makes Business Sense

CYMA is a group of accounting and payroll tools that offer a comprehensive solution to businesses. CYMA offers two products – CYMA Financial Management Edition (for small and mid-sized organizations) and CYMA Not-for-profit Edition (for non-profit organizations). Its flexibility, modularity, and advanced accounting features make it an ideal choice for organizations that need more than entry-level accounting tools.

However, CYMA has the same limitations as any desktop software, including IT resource dependence, limited accessibility, and restricted scalability. For organizations running on a tight budget and dealing with fierce competition, hosting CYMA in the cloud can be a game-changer.  

Let’s discuss in detail the reasons that make hosting CYMA in the cloud a necessity for your business. 

1. Offers Work-Life Balance

In the global business scenario, accountants need to operate in different time zones. However, as CYMA is desktop software, they must be present in the office to accomplish their tasks. It not only hampers their working experience but also leads to mental stress. For organizations, not being able to implement remote working policies gives them a bad reputation.

Hosting CYMA in the cloud enables organizations to implement remote or hybrid policies conveniently. Accountants can access the CYMA software on portable devices, such as smartphones, laptops, and tablets. It gives them the flexibility to complete their accounting tasks while sitting in their homes or during a staycation.   

2. Advanced Data Security

According to Fortinet, the average cost of cybercrime will cross $23 trillion annually in 2027. The first consideration for any organization while adopting any new technological solution is data security. 

Accounting software tools like CYMA deal with the most critical information, including bank account details, balance sheets, invoices, and transactions. Any compromise of such data can cause days of downtime and significant financial repercussions. However, for small and mid-sized businesses, it can be quite challenging to deploy a dedicated SOC to counter the diverse cyber threat landscape. 

CYMA hosting providers, on the other hand, implement a multi-level security infrastructure to identify, prevent, and mitigate cyberattacks on all fronts. They deploy security features at the physical, network, and endpoint levels to ensure comprehensive data protection.

These include – 

• Physical Level – Data center redundancy, 24/7 surveillance
• Network Level – Distributed Firewall, brute force protection, 24/7 network monitoring
• Endpoint Level – Multi-factor authentication, antivirus, anti-malware, OS patching 

CYMA hosting providers deploy a dedicated SOC to ensure the security infrastructure evolves with the evolving threat landscape. 

3. Unparallelled Scalability

As your business process expands, the amount of data collected and processed also increases. Consequently, you require more servers, a larger server space, and upgraded hardware. All this leads not only to additional costs but also to IT complexities. In addition, even if you require extra data storage for a fixed period, you still have to purchase a new system or server.  

By hosting CYMA in the cloud, organizations can scale their business process without any in-house IT challenges. The cloud service provider can instantly scale up or down your IT resources. You are charged as per usage. 

4. Multi-Platform Compatibility

CYMA, when hosted on a local system, is compatible only with Windows. Therefore, if you install CYMA on a Windows-based PC, accountants are forced to work only with Windows applications. Moreover, if that device PC gets stolen, hacked, or damaged, all the data is compromised. 

With CYMA cloud hosting, you can pick up any device and access CYMA software and data. For instance, you can access Windows-based CYMA software on a MAC laptop. Moreover, even if any device gets compromised, you can pick up another device and continue operations.    

5. Budget Optimization

For small and medium businesses that use CYMA, budget is a vital factor for sustaining. Deploying an in-house IT infrastructure is a major consideration, as it leads to substantial expenses. Firstly, businesses need to procure hardware and allocate space for a server room.

Secondly, operational expenses, such as power bills, air conditioning, and upgrades, become a part of periodic expenses. They also need to incur other costs, such as hiring an IT team, training, and salaries.    

By hosting CYMA in the cloud, all the expenses discussed above are eliminated. As the cloud provider hosts your CYMA software and data in their data centers, there is no need to purchase expensive systems or servers.

Consequently, it also reduces operational expenses like power bills. Moreover, as the provider is responsible for IT maintenance, upgrade, and setup, the costs of deploying an in-house IT team are also minimized.   

6. Efficient Technical Support

Technical issues can occur at any time. When you install CYMA on the local system, your technical team must be available 24/7 for troubleshooting and upgrades. It leads to additional expenses and IT hassles. 

Few CYMA cloud hosting providers, such as Ace Cloud Hosting, offer 24/7/365 customer support. They have an expert team that offers round-the-clock assistance over phone, chat, and email. It helps you minimize your in-house IT team’s workload and enables them to work on other core operations.   

7. Business Continuity

Several major and minor incidents can halt your accounting operations, be it IT issues, natural disasters, or cyber attacks. This year itself, the FBI has received more than 800,000 cybercrime complaints. Depending on the incident, downtime can last for hours or days, causing an irreparable dent to the organization’s reputation. 

Hosting CYMA in the cloud gives you 24/7 availability of the accounting process. The providers deploy a Business Continuity and Disaster Recovery Plan (BCDR) to ensure uninterrupted operations. Under this plan, the entire accounting process (with all business applications and data) is replicated on different data centers. Hence, any security event in one center does not affect your functioning.           

8. Compliance Assurance  

With the ever-changing data regulations, it can become difficult for organizations to ensure compliance. However, any event of non-compliance can not only lead to heavy penalties but also cause loss of customer trust. 

CYMA hosting providers ensure compliance with all the required regulations. They have a dedicated compliance team that keeps track of all the latest developments and deploys protocols to ensure compliance. Hosting providers also record and store all security logs and reports for audits.  

9. Competitive Advantage

In today’s time, organizations must have an edge over their competitors to ensure success. CYMA hosting offers organizations distinct perks that help them stay one step ahead. Firstly, your CYMA is hosted in Tier-5 data centers.

The data centers are equipped with modern security systems and redundant IT infrastructure. Secondly, you get access to high-performance computing (HPC) servers that facilitate parallel processing.

It means multiple users can run different applications simultaneously, without worrying about lag. Lastly, the cloud gives your employees the ability to collaborate with clients and other departments from remote locations. They can upload, edit, or remove files on the same platform. 

Take CYMA Beyond On-Premise Limitations

Running CYMA on the cloud removes the limitations of local infrastructure. Businesses benefit from reduced IT expenses, improved performance, and a secure setup designed for uninterrupted accounting operations.

Ready to upgrade your CYMA setup? Speak with a Solutions Consultant or start a 7-day free trial today.