Around half of all SMEs (small and medium-sized enterprises) will be using cloud computing in their daily operations by 2016, a new report has claimed.
According to the International Data Association, 50 per cent of all SMEs will have turned to cloud computing for expenses, report production, accounting and taxes within the next three years, freshbusinessthinking.com reports.
Cloud hosting, it was claimed, would not only enable the storage of much greater volumes of data, but also enable business owners (as well as those operating a franchise agreement) the chance to access information in real time. It would also create a new environment of improved contact between business owners and accountants, doing away with the older requirement of booking in appointments or conversing through emails or phone calls.
Not only that, additional accounting clarity should provide business leaders with the opportunity to make more carefully considered business decisions.
These benefits are expected to win over a great many people, including those who may previously have been sceptical of the new technology.
Commenting on the expected trend, managing director of Magic Accounts, Laurence Collins, told cision.com: “Accounting efficiency has gone through the roof in recent years with the introduction of cloud storage systems, and we encourage all companies to adopt this revolutionary way of working, for the benefit of their accounts and their general cost-effectiveness as a functioning business.”