Partner Article

Benefits Of Cloud Based Software

Today, cloud computing is the buzz word and if you are not aware of its benefits, you will surely be on the losing side. In general terms, cloud computing is considered to be online borrowing of software. So, if you are a business owner who does not want to put in huge investments for software products, cloud computing is the next best viable solution.

The three major premises of cloud computing are online file storage, software as a service and platform as a service. The online file storage is homologous to private online cyberlockers. The software as a service is also called as SaaS—in short. The platform as a service is also called PaaS—in short. There are several big players such as Google and Microsoft that are already in the cloud computing domain, but there are smaller players too that are doing very good. In the past few decades, cloud computing has evolved considerably and many corporate organizations are now considering cloud computing as an optimal solution for their operations.

If you are a business owner of a mid-sized company, you need to make a thorough analysis of your current software requirements. Cloud based software are low on investments and they are easy to access too. Instead at looking for a single software you should be looking at a suite of software. This will surely enable you to save more and perform a wider gamut of operations. To make better and faster decisions through real-time business intelligence, you need the right kind of hardware and software these days.

In terms of accounting, cloud computing has several benefits over the conventional methods. First and foremost, with the enterprise-wide real-time accounting software, decision makers get access to accurate financial data about their business. Using this financial data, decision makers and managers can make informed decisions.

By and large, most managers prefer to use a cloud accounting software that includes everything they need; such as, financial accounting and management, order management, supply chain and inventory management, revenue management, employee time and expense management, shipping and fulfillment, business intelligence and so on. A good cloud accounting application provides seamless integration of financial data across all departments, which gives managers and decision makers access to real-time enterprise-wide business intelligence.

Today, everyone in the IT industry is talking about cloud computing and its benefits over conventional methods. There is still some confusion related to the concept, but once the concept is clear, managers and decision makers don’t hesitate to use this concept. There are a few challenges of cloud computing that managers have to overcome during the initial stages. However, after the teething stages of cloud computing, operations are smoother and easier. Cloud computing has redefined computing and thousands of companies are leveraging on its benefits to stay ahead of competition.

If you are a business owner of a mid-sized or large company, you have to choose your cloud computing vendor very carefully, since there are several small players that are not offering good services. A reliable, but slightly expensive cloud service provider is always a better choice over an unreliable and less expensive cloud service provider.

This was posted in Bdaily's Members' News section by BlueBridge One Business Solutions Limited .