6 Cost Benefits of Switching to QuickBooks Enterprise Hosting

As a business, you will have to consider either investing in tech solutions or upgrading your current tech platform at some point.

In addition to addressing challenges of an expanding business, you also need to consider factors such as changing marketing forces and demands as well as customer expectations.

Each of these factors demands faster and accurate processing of transactions in core business areas. Accounting is one such core area.

Using QuickBooks Enterprise application, you will be able to address a number of accounting challenges, including automating your accounting processes and efficient management of large accounting data files.

Designed with a host of robust features that are capable of supporting and optimizing all kinds of accounting tasks, QuickBooks Enterprise can supercharge your customer data, payroll, inventory, and invoicing management, as well as report creation in addition to performing other critical accounting processes.

When hosted on the cloud, the capabilities of QuickBooks Enterprise get optimized even further, leading to improved accounting efficiencies.

You will be able to access solutions regardless of the time and your location conveniently, thereby leading to greater flexibility and improved business efficiency. Beyond these advantages, switching to QuickBooks Enterprise on the cloud also extends several cost-benefits for your business.

Let’s see the cost benefits of switching to QuickBooks Enterprise hosting.

No Installation Cost

One of the best reasons to switch to cloud-hosted QuickBooks Enterprise comes in the form of zero installation costs.

You will not be required to either buy the hardware or install the software on your local system since the QB software is installed and run on terminal servers.

• The only costs you will have to pay pertains to buying a licensed version of QuickBooks Enterprise and monthly fee/bill per user that is charged by third-party QuickBooks Enterprise cloud providers.
• In addition to no installation costs, QuickBooks Enterprise on the cloud allows you to quickly scale up server resources or limit your usage based on your business requirements.
• Furthermore, if, for any reason, you are not satisfied, you have the option of canceling your hosted QuickBooks Enterprise subscription anytime.

Avoid Paying High-Security Costs

Protecting your data can be an expensive affair. And considering the increased threat from hackers and cybercriminals as well as security vulnerabilities while transferring massive data files, businesses are hard-pressed to secure their data.

In addition to cyber-attacks such as Ransomware, data-loss from server crashes or hardware and software malfunction are again a significant risk to data security.

Big corporations and businesses often maintain in-house IT security departments or teams tasked with the sole responsibility of ensuring business data security. However, small and medium businesses don’t have that kind of money-power.

By switching to QuickBooks Enterprise on the cloud, you don’t have to worry about spending additionally on protecting your business.

• QuickBooks Enterprise Cloud can secure your data since all your data is protected on a remote server designed with multiple layers of security protocols such as robust firewalls, anti-malware, anti-virus protection, and multi-factor authentication among others.
• Furthermore, your cloud service provider will ensure that all your data is regularly backed up, so you don’t have to worry about data loss while also ensuring easy restoration of data anytime.

Anytime, Anywhere Access to Business Data

Time is money — and business decisions need to be taken at the right times. It can only happen if all users, stakeholders, and decision-makers have access to business data at the same time from any location — even while on-the-go.

And in the era of smart technology where users work on a variety of devices, the business also needs to ensure that its employees have easy access to information regardless of the device they use.

QuickBooks Enterprise hosting not only allows authorized users access to business files regardless of the time and their location and at the same time, but it also helps drive collaboration among users and different teams, which can boost productivity.

Managers and top decision-makers might need to make decisions or access data while on-the-go. With QuickBooks Enterprise hosted, the need to do so from a desk or the office is negated — users can easily log in to their account and access the QuickBooks Enterprise software right from their smartphone.

Robust Disaster Recovery

Disaster recovery is an essential aspect of data security. Loss of accounting data can mean massive business losses — not just monetary damage, but the business reputation can also take a hit.

The best way to prevent data loss is to ensure you regularly back up all data and files. However, most accountants tend to put this task off, citing time constraints. But with QuickBooks Enterprise hosted on the cloud, this worry is taken care of since the solution automatically and continuously backs up all your data and files.

QuickBooks Enterprise hosting is the perfect solution for accounting firms who are looking for a robust solution to secure their data and benefit from a robust disaster recovery plan.

Since all of the data is stored at a remote location, retrieving and accessing it is easy and can be done at any time.

Improved Work Efficiencies

QuickBooks Enterprise, which is designed as a secure and cost-effective accounting solution, not only simplifies the process of storing data, but in doing so, it also boosts productivity and work efficiencies. Improved productivity and work efficiencies can have a direct impact on the business bottom-line.

Using QuickBooks Enterprise hosting, employees and accountants can quickly and efficiently sort files, manage to report, optimize customer interactions since all these processes are automated on the cloud. Furthermore, the business benefits from increased levels of transparency since all financials can be viewed in real-time.

You also don’t have to spend precious time on regular yet essential tasks such as backing up of data or transferring accounting files — since these are handled by the cloud provider. Thus, allowing you to focus on other important areas of your running your business.

Better Control over Business Growth and Profitability

Cloud is increasingly being viewed as an essential business strategy to drive both growth and profitability in current times.

Unlike big corporations and businesses, SMBs don’t always have the benefit of massive capital, nor do they operate with large budgets. Which means they need to watch every business decision and move they make.

However, given the kind of tight timelines that markets operate in, businesses need to be making decisions quickly and effectively if they want to stay competitive.

Cloud-based solutions such as QuickBooks Enterprise can give businesses the operational flexibility needed to make crucial decisions. Furthermore, because cloud-based solutions are designed to be scalable so that businesses need not be bogged down by one-time heavy tech investments.

They can use their cloud-based tech solutions as per current requirements and scale up as and when the business expands.

Conclusion

Cloud-based solutions such as hosted QuickBooks Enterprise can be highly beneficial to businesses that want to sustain a positive growth trajectory in today’s highly competitive market spaces.

By switching to QuickBooks Enterprise on the cloud, businesses, regardless of their size and scale, can enjoy a number of cost-benefits as well as improve their operational efficiencies.

And given how the solution supports increased user capacity to offer easy accessibility, and deliver best-in-class security, switching your QuickBooks Enterprise to the cloud is considered a smart business decision.