Why Accountants are Migrating to Cloud Service Providers
May 31, 2017
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You use the cloud every day. In fact, you’re in it now, as you read this article. The Internet and the Wi-Fi technology that allows you to so conveniently connect from anywhere have made business, and your life, more convenient.
There are ample statistics that accountants are leveraging cloud service providers to provide services to clients. Predictions for 2017 tell us that most conservative industries in the United States (like CPAs) are adopting cloud technology.
So what are the benefits and challenges of the cloud? What is the one service your firm should adopt to better manage this technology? And, how can you use this tool to offer more value to your clients? Let’s find out.
Benefits and Challenges of the Cloud
The growth of cloud service providers have given rise to new types of services:
The days of having an on-call IT tech to fix outages or equipment failure are lessening. Today, managed service providers remotely monitor your network, providing you with software, hardware, and infrastructure management.
There are some very clear benefits to this new model for CPAs:
Cloud Service Providers are Managed Service Providers
Cloud service providers are an IT outsourced resource that takes care of the security and efficient operation of your network. Enterprise-level CPA firms are partnering with managed service providers to free up the time of their internal IT team to work on specific initiatives. But smaller firms can benefit from these resources by migrating all of their IT functions to a managed service partner. This is particularly important in an era of increasing hacks to secure Internet applications.
The Journal of Accountancy says that business owners typically waste 22 hours a day or 91 hours annually correcting or trying to correct internal business IT issues. This is a red flag issue for any business, but particularly CPAs who are keenly aware of the adage, “time is money.” That’s why CPAs are joining the rest of the world in outsourcing IT services to a trusted provider who is exclusively devoted to an efficient, secure, and properly functioning computer network.
Are you ready to take your CPA firm into the future? Request a quote today!
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