In this day and age, a software solution does not only help you reduce manual errors in your business processes but also gain deeper insights by analyzing the data that you were unable to in the paper form. Hence, it is very important to get the right business management software for your business as it can make a major difference in your business being profitable.
In recent years, QuickBooks has evolved as a powerful accounting tool for every business and is considered amongst the best accounting solutions in the industry. Out of all the versions of the software available in the market today, QuickBooks Enterprise Solution (QBES) has turned out to be the most advantageous for businesses serving up to 40 users.
However, you might not be able to benefit all its features when installed on the local system.
Companies are taking data-driven decisions these days instead of relying upon conventional methods. So, whether you’re a small accounting firm or amongst the Fortune 500 companies, adapting to the advanced technological platforms like cloud hosting has proven to be the most efficient solution to unlock the full potential of the QuickBooks Enterprise software.
There are various providers that offer cloud services to customers. You can choose their service to reduce costs and minimize IT efforts.
Here’s how QuickBooks Enterprise with hosting can make CPAs go above and beyond accounting:
Table of Contents
1. Business Continuity
By using QuickBooks Enterprise Solution on your local systems, there are always possibilities of business operation failures due to unavoidable circumstances like hardware malfunctions, natural or human-made disasters, etc.
With QuickBooks Enterprise hosting, your application is always up and running as the cloud hosting providers ensure that the entire data is frequently replicated from one data center to another to avoid any data loss in the case of a disaster.
No matter how powerful QuickBooks Enterprise software is by itself, added functionalities enhance its features and improve efficiency. But the desktop application installed on the local system often requires an upgrade in the hardware resources. This leads to a dip in the overall performance of the system.
On the other hand, a major factor while hosting your QuickBooks Enterprise solution is its ability to integrate different applications and add-on functionalities with it as per your specific business requirements. You can integrate a wide variety of functions like ERP, CRM, MS Office Suite, and others to exceed the performance standards and efficiency.
With the desktop version of the QuickBooks Enterprise software, every issue that occurs during work has to be handled by your own IT support team. This, at times, diverts your focus from your ideal tasks as you get busy solving the IT-related problems.
On the contrary, cloud hosting providers take care of all such queries effectively. They offer expert support regarding all your queries related to the installation, setup, and software updates around the clock via phone, chat, or email.
With the QB Enterprise software hosted on local premises, you have to regularly upload files to the local server and maintain it on their own. However, if any accident affects the entire location, both your backup server and production server go down.
Whereas, in a hosted scenario, you don’t have to go through the complicated tasks of storing and maintaining your data manually. The cloud service providers deploy an advanced backup solution, wherein your data is backed-up automatically on cloud servers. Hence, no accident in your location can lead to data loss.
With your application and data installed on your local desktop, your financial data becomes more vulnerable to theft, hardware damage, or cyber threats. And since accountants and CPAs generally work on critical financial data, they should be extra cautious about it.
Hosting QBES wipes out the worrisome thoughts as the cloud service providers take extra care of your data by implementing multiple layers of security, including firewalls, two-factor authentication, Intrusion Detection and Prevention Systems (IDPs), among others.
6. Team Collaboration
No matter how small or big your business is, by using the accounting software on your local desktop, you will end up sending files back and forth between various departments in your organization. This will not only decrease your productivity but, increase the chances of errors as well.
Whereas, working on real-time data with the team leads to high productivity as they can access, edit, and share the same documents simultaneously. QuickBooks Enterprise hosting improves collaboration within the team by enabling synchronization of files, remote access to documents, and eliminating time-consuming transactions of documents via email.
QuickBooks, when installed on the local system, restricts the mobility of its users. In such a scenario, you and your team can access the application only from behind your workstation.
On the other hand, with QuickBooks Enterprise hosting, employees get more productive as it allows them to access the application and data from anywhere, on any device at all times.
With all that said, it’s quite clear that QB Enterprise hosting helps you find the balance so that you sail towards the desired success that your business requires. It is the best solution to overcome all your business challenges. However, choosing the right QuickBooks hosting provider is essential as it can take your business to the next level.
Do you have any questions about QuickBooks Enterprise hosting? Connect with a Solutions Consultant at 855-362-3703.