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How Cloud Financial Reporting Is Not Just the Future But the Now of Accounting

How Cloud Financial Reporting Is Not Just the Future But the Now of Accounting

Cloud software is taking business by storm, and while many accounting professionals consider cloud-based solutions to be the future of accounting, experts advise that cloud accounting solutions are not just the future–they’re the now.

Download our 5 Powerful Reason to Move to the Cloud

It may feel risky to switch over to a cloud-based solution after years of using traditional software that is installed locally. However, there are many benefits of making such a switch, and by not embracing the technology shift now, organizations are at risk of having their processes considered outdated and archaic.

There are many reasons to embrace cloud technology now, such as:

Cloud-based solutions make data accessible anywhere with an internet connection.

Any user with a device with an internet connection can access the cloud through their web browser; there is no need to install the software locally. The data is stored on remote servers, making accessibility even easier for the team players that regularly access this data.

Cloud-based solutions house data that is always current and up-to-date.

Another excellent feature of cloud accounting solutions is that updates take place in real time. When a user accesses financial data through the cloud, all information presented is the most current and up-to-date, and all users have access to the same numbers. This eliminates the need for redundant reporting and also minimizes risk of error.

Cloud-based solutions help manage business and client relations.

Business relationships are important, and the ability to search and find account information at a moment’s notice certainly helps to maintain those relationships.

Cloud-based solutions save time and allow accounting professionals to focus their efforts where it’s needed most.

Cloud accounting solutions help companies save time. Data is more accurate, reporting is quicker and easier, and accounting professionals’ time is freed up for more strategic initiatives, like advisory services.

What can FYIsoft do for you

FYIsoft has 8,500 users and counting, and the team is ready to help upgrade your software, process, and workflow.

FYIsoft’s easy-to-use cloud solutions simplify even the most complex financial reporting demands by automating manual processes and enabling users to get the right information to the right people.

FYIsoft solutions help users with financial reporting, management reporting, financial consolidation, close management and reconciliation, report distribution, and more.

To start reaping the positive benefits of cloud software, including improved data accuracy, security, 24/7 access, automation, and improved communication, contact FYIsoft for a demo today.

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