Update: This article was last updated on 25th August 2020 to reflect the accuracy and up-to-date information on the page.
Massive urbanization, increasingly limited energy resources, and insufficient transportation systems affect how we live today and in the future. The emergence of the Internet entirely changed the way people work, and today, with the convergence of cloud technology, we are witnessing a new revolution.
Companies adopting cloud technology continues to increase. Forbes estimates that by the year 2020, 78% of SMBs in the US will completely adopt the technology.
As with cloud hosting, physical location does not matter; it is easier for companies to source the best talent irrespective of the location, in order to create unique and global teams based on skills.
Loaded with many advanced features, QuickBooks Enterprise is an excellent accounting solution that offers many benefits to accountants, CPAs, SMBs, and enterprises. However, to meet various challenges faced by businesses today, the software is hosted on the cloud.
Below are some aspects of how QuickBooks Enterprise hosting service can help solve major issues faced by businesses every day.
Business Challenge #1: Bandwidth Rigidity
As the workplace continues to grow, and employees are increasingly going “remote,” moving QuickBooks Enterprise software to the cloud allow employees to be mobile. The BYOD era of today offers users the flexibility to get access to important data or applications from their own devices from anywhere.
With this flexibility, businesses have to face a challenge to create networks that are accessible easily and can allow the device-independence of remote users.
Making use of cloud technology to provide secure access to key information and data for users is also important to create a cost-efficient and scalable network environment. Companies can significantly reduce their hardware costs and the overhead expenses needed to maintain the physical workplace.
Business Challenge #2: Security
There are many scary IT possibilities with on-premise QuickBooks Enterprise software. Desktop crashes, server crashes, natural disasters, cyber-crime, and power outages – any of which can present a serious issue to the lifeblood of an organization – the data.
While the cloud may not eliminate these threats, it can protect firms more efficiently than the traditional system. With hosted QuickBooks Enterprise software, the data resides on Tier 4 data centers, which means that there are highest levels of security measures – which includes things like redundant power systems, biometric scanners, round-the-cloud onsite security staff, and video surveillance.
Moreover, to ensure total data protection, cloud providers deploy security measures such as 256-bit encryption, multi-factor authentication, Intrusion Detection and Prevention Systems (IDS & IPS), among others. A regular data backup is also done by cloud providers, so you need not worry about losing your data.
Business Challenge #3: Disaster Recovery and Maintenance
Firms hosting their QuickBooks Enterprise software on the cloud not just save the cost of buying and installing hardware infrastructure but are also freed from their regular maintenance.
Usually, the servers and other critical resources are placed off-shore, and the third-party cloud service providers use high-tech practices to keep them up to the mark and updated.
This frees the firms from the travails of investing in disaster recovery solutions. The high security and top-level recovery solutions provided by QuickBooks Enterprise cloud providers can always keep the business up and running.
For instance, the Disaster recovery plan offered by competent cloud providers ensures that your data is protected even in times of a disaster by backing up your data in multiple geographic locations.
While cloud technology pervades enhanced manageability, it also helps companies attain economy of scale. As QuickBooks Enterprise hosting provides anytime, anywhere access to resources, it solves the accessibility and availability issues among individual users, as well as SMBs across the globe.
Business Challenge #4: Adopting the Latest Technologies and Practices
Moving QuickBooks Enterprise software to the cloud serves as a solution to businesses using outdated technologies. With continuously changing and evolving technology, it is important for businesses to ensure that their staff is trained and comfortable using these latest technologies, so your firm isn’t left behind.
With the cloud, resources are continually upgraded with advanced features and updates, which they can use to deliver an innovative solution to their clients. QuickBooks Enterprise hosting also minimizes the chaos of conflicting file formats and content.
As all the files and documents are saved on the cloud, the latest version is accessible to all the users. This improved transparency leads to improved collaboration among different users.
While accountants may find using traditional paper-based accounting convenient, it is important to embrace the latest technological changes for the sake of the firm. With increased productivity, efficiency, and reduced cost of cloud-hosted QuickBooks Enterprise software, there is no reason not to move your operation to the cloud.
Business Challenge #5: Limited Technical Support
If there are technical issues within the organization, you are limited to whoever is working inside the office. During an emergency, you are dependent on local professionals to resolve the issue or hire a third-party to help, which can be costly.
In the cloud, this risk is reduced significantly as cloud providers have experienced and skilled professionals who are available 24*7 throughout the year. You need not employ people at your local infrastructure.
Moving your QuickBooks Enterprise software to the cloud may seem difficult at first but would help solve a number of issues. In fact, the use of cloud technology is increasing rapidly. According to research by Gartner, by 2022, the public cloud industry is expected to have a total market share of $364 Billion.
By moving to the cloud, your firm can avoid some of its most pressing IT issues.
Business Challenge #6: Mobility
The need for employees to be able to work remotely is now growing to the point of necessity.
The outbreak of Coronavirus (COVID-19) pandemic has forced most of the businesses to enable remote working. Therefore, there’s a need for a solution that allows you and your workforce to work from home and access files from their laptops, home desktops, tablets, etc.
QuickBooks Enterprise cloud hosting lets you do just that. As the application and data are built into a virtual server, users can securely access it from anywhere on any device.
Adopt Cloud for a Smoother Operation
While some firms may be able to get access to their desktop by using VPN, Citrix, or terminal servers, the connection isn’t much reliable and fast. Most of such solutions are a bit buggy, slow, and problematic.
A cloud connection is much faster than the one in your office when you access the network in the office. With cloud hosting, you are using the data centers’ bandwidth and reliability, which usually guarantees high uptime value.
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