Cloud Computing: What Accountants Need to Know

The use of software is already part of the routine of accounting companies for some time. This was a natural evolution in an area that has so much bureaucracy, especially when we talk about Brazilian legislation, in view of the amount of federal, state and municipal taxes that are charged to entrepreneurs.

Another important challenge faced by accountants is managing the large volume of data generated by companies. It's easy to remember that until recently all accounting information was recorded on paper and stored in many steel drawers, remember? Now, with cloud computing, the scenario is different. See below how cloud computing is changing the job of accountants.

The revolution generated by cloud computing

As well as the revolution made by computers and software , cloud computing also came to break old paradigms with regard to the role of the accountant. Despite the need for most companies to have an accounting professional sign for the balance sheets, financial management is no longer something exclusive and that accountants could only perform in their offices or in specific departments.

With cloud computing, companies can have access to their financial information and have it managed by their accountant at any time. With CRM and ERP fully integrated and online, data is provided by those responsible for each sector, such as sales, logistics, personnel, etc.

Entrepreneurs now have an image of the financial status of their companies, make management easier and render accounts quickly. This change in the paradigm of accounting management in companies means that accountants now have much more responsibility for financial advice and consultations than for carrying out large calculations and organizing financial documents.

Data storage is critical to accounting

Moving financial data to the cloud and storing it digitally was a revolution. As previously mentioned, reducing the amount of paper and steel drawers has become synonymous with efficiency in the accounting management of companies.

This cloud storage, in addition to reducing the impacts and difficulties regarding document control, now offers security in different aspects. Customer information now has an efficient backup and recovery process, as well as identity management and access to sensitive information. It is also possible to meet various compliance and governance requirements defined by different control and certification bodies.

Accountants and the cloud have something in common: cost reduction

Generally speaking, accountants must like the idea of ​​the cloud for saving money, and this is a language that exists in common between these professionals and the benefits offered by cloud computing.

The cost savings are significant and can include a reduction in capital investments for servers, backup systems, software , floor space and IT support. In addition, migration to the cloud still provides a considerable decrease in energy bills.

This reduction in costs and time means better results for customers. This also means that the information is synchronized, thus removing the problem of multiple versions of data. Better accounting management results in a greater view of information in real time which, in turn, allows for better strategic decisions on the part of entrepreneurs.

Accountants, from the cloud computing revolution, have new opportunities, they can become consultants and serve small companies that until then could not be served due to budgetary and time constraints.

Sky.One has several Sky.One case , including accounting firms, that can lead you to safely and successfully migrate to the cloud. Keep following us on our blog with more information and tips.