The importance of cloud computing in the IT sector

With mobile web usage set to outstrip that on desktop by the end of this year, it’s clear that cloud adoption is now more vital for businesses than ever before. Digital technology is fast evolving, and is quickly becoming an essential tool for businesses looking to improve efficiency – both in time and cost. Cloud technology is also evolving – where once it was considered merely a system for storing data, it must now be seen as a multifaceted ecosystem, allowing for the practical scaling of data, the efficient management and use of resources and the effective outsourcing of access across a range of mobile devices. The internet is undoubtedly every company’s most important asset. Making the most of the web through the ...

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The mCommerce boom and its impact on UK businesses

The mCommerce boom and its impact on UK businesses The latest research from online retail association IMRG Capgemini has revealed that more than a third of all online retail transactions that took place in the UK last quarter were conducted over mobile devices. The report – Quarterly Benchmarking – looks at data between February and April of this year, analysing trends in sales across all platforms. In this three month period transactions completed on mobile devices rose to 34%, an increase from 32% in the previous quarter and a 20% growth on the same period in 2013. 3,400% increase in mobile transactions since 2010 The rapid rise of mCommerce has been widely chronicled over the last four years, and market penetration has grown by ...

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65% of UK accounting practices to offer cloud accounting

A recent survey carried out by OnePollhas revealed that two-thirds of UK accounting practices are already providing or are looking to provide cloud services to their clients this year. The figure has almost tripled from the 23 per cent recorded last year when a similar survey was conducted, with many accountancy firms citing client demands to be online as the main factor behind this recent surge. In total, 65 per cent of firms responded that they have already adopted online accounting software into their service provision or were planning to do so in the near future. Stay ahead of the competition According to the survey, the main reasons for adopting cloud software were the need to stay ahead of the competition ...

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Confused by cloud accounting? Common myths BUSTED!

Once an industry buzzword and now a way of life, cloud computing has really taken off in the technology industry over recent years, with statistics claiming up to three-quarters of UK businesses and organisations would be using at least one cloud service by the end of December 2013. If you’re still a little confused by online accounting software and the intricacies of the Cloud in general, then this myth-busting overview should help you get your head around it. Myth: storm clouds will threaten my business Shockingly, more than half (51%) of those interviewed in the Citrix Cloud Survey believed stormy weather would affect the performance of any cloud-based software they were using. Although the name given to this vein of technology ...

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The benefits of working remotely

The advent of cloud accounting has brought with it an age of simplified and efficient business operation; use of browser-based software reduces the need for accountants and businesses to meet face-to-face. But how accurate is the assumption that such a degree of separation might lead to deterioration in business relations? Below we take a look at some of the main benefits of remote accounting: 1.       Not limited by geographic location Perhaps the most tangible benefit of remote accounting is that distance and geographic location become immaterial. Businesses were previously limited to a finite selection of accountancy firms within a certain radius of their operations centre. Cloud-based software makes the selection of accountants more inclusive, offering businesses the opportunity to ‘shop around’ for a ...

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Are accountants too traditional in their approach to bookkeeping software?

The relationship between accountants and small business is changing. A recent survey conducted by a major cloud service provider has found that nine out of ten small businesses are now willing to work with financial advisers over the cloud. With many more businesses making use of online software solutions every day, it is now down to accountants themselves to utilise the many benefits it has to offer. Too traditional ‘The Changing Role of Accountancy’ report highlights a trend in SMEs wanting to work online, with 58% willing to pay for cloud services. Similarly, the report found that accountants are “too traditional” in their approach, acting in the somewhat outdated role of financial adviser. 82% of small business owners surveyed now expect accountants to be ...

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How can accounting adapt to meet the demands of a mobile workforce?

As companies and employees continue to embrace the myriad benefits of working on mobile platforms, new avenues have opened in recent years to augment this trend. Previously, the daily commute to and from work would leave a chasm of unprofitable wasted time either side of office hours. Now, with most rail networks covered by Wi-Fi or 3/4G access this doesn’t need to be the case. According to a Cisco study, 3 in 5 workers say they don’t need to be in the office to be productive and only 46% felt they were most productive in the work-place. Similarly, just shy of 90% of UK consumers say they make purchases using Smartphones and tablets during their commute. Mobile is the new norm It is evident that ...

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Can online software save me money as an accountant?

Your firm helps to look after the pounds for your clients, so why not do the same for yourself? A significant benefit of using online accounting software is its low costs. Indeed, many accountancy firms now use affordable pay as you go online software suites to maintain an accurate log of their work across a number of clients and verticals. Reduced storage and IT costs As the number of clients that your firm represents increases, it can become progressively difficult and expensive to store their physical records. With paperless storage, there is no need for your firm to invest in costly storage space and rent. Similarly, with regular software updates and backups, your IT costs will be drastically reduced. Because all of your clients’ data ...

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10 ways online accounting software beats desktop packages

If you want the best all-round accounting service for your business, provided at an affordable rate, then there really is nothing more appropriate than making use of online accounting software. There are a number of reasons why online software proves superior to desktop packages, and below we highlight ten of the most pertinent: 1. Cloud storage: With all your records stored online, there’s no need to invest in costly backup or storage solutions. You can sit back, safe in the knowledge that there’s no risk of your data being lost through fire damage. 2.Remote access: Save time by working with your clients remotely. With remote control accounting available from anywhere you could literally view and update your records at the pub or on ...

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What is the value of online software for SMEs in the modern business world?

Software for businesses is designed to help them to run their operations more effectively, cut costs and replace paper processes. As businesses continue to expand and embrace technology, the related software is quickly becoming an important cog that keeps the development in motion. Increasingly important role Increasingly, software is being seen as vital to the IT infrastructure of business, determining the way it is both run and managed. When these processes are done on small scales, as exists in SMEs, there is a need to ensure they are all done efficiently and accurately, as extra technological support often comes at a price. Online software provides plenty of new options to a business, as web-based applications can develop means of communication, measure office productivity and ...

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