ATX On Cloud: Why Uptime Matters This Tax Season
As the tax season approaches, professional accounting firms around the world are gearing up for it by ensuring that their tax process is completely optimized.
While easy access to the ATX tax software data is of utmost value; security, compliance, assured backup, and uninterrupted access are expected from any cloud hosting provider.
Routinely producing perfect financial outcomes cannot come from churning out numbers. It has to come from a place of confidence offered by a readymade fine-tuned cloud system that acts as a partner to the person efficiently handling the finances.
A survey conducted by the Hinge Research Institute in 2018 identified technological issues as one of the top 5 business complications faced by financial service firms.
The Devastation Of Downtime
The concept of cloud uptime is simple. It means the percentage of time a system is up and running. Every provider focuses on uptime to sell their services.
However, nobody talks about the perils of downtime, irrespective of its infinitesimal value. The ultimate effect of downtime can be measured in terms of lost productivity.
Tax days are already extremely hectic and stressful; add downtime to the mix, and the work seems almost insurmountable. Planned downtime is offered by certain organizations, but even then, the unplanned ones can cause outrage.
For example, on April 17, 2018, the Internal Revenue Service (IRS) website crashed. Such a discovery devastated the taxpayers who were already rushing towards the finishing line. Although the deadline was extended to April 18, 2018, the outrage was difficult to contain.
Can you guess the cost of the day? According to FiveThirtyEight, on average, 20 million taxpayers submit their taxes in the last week. That fateful day 50% of the 20 million submitted their taxes, i.e., 10 million people were affected by the unplanned downtime.
It appears that the loss can be estimated to be between $1.3 million to 13.1 million.
What Causes Downtime?
Dynamic Technologies has reported that hardware failures are the cause of 45% downtime, loss of power causes 35% downtime, software failure accounts for 34%, data corruption for 24%, external security breaches for 23%, and accidental user error account for up to 20% downtime.
The Value of Uptime In The Tax Season
ATX tax hosting with a reliable cloud hosting provider can help reach the ultimate uptime of 99.999% with increased security, smooth sharing, and remote access. Here are the benefits a high uptime service offers to the business owners and tax professionals during the busy tax season.
1. Builds trust among consumers
With the support of a sky-high uptime, tax software like ATX can run uninterrupted even in the tax season. This gives financial analysts uninterrupted data to work on, it allows taxpayers to finish their payment procedure without any glitch, and saves money. The consumer can thus trust the service provider in the long run.
2. Continuity increases productivity
The easier it gets to manage workflow, the more productive the business gets. When the taxpayer does not have to break the flow of their tax filing because of downtime, chances of tax payment grows. Accounting firms can easily help and retain clients with a continued service pace, working efficiently with ATX hosted on cloud.
3. Security threats can be removed easily
ATX hosting service provider also ensures for other factors like firewall protection, anti-virus, end-to-end encryption, user permission settings, etc. that are of the utmost importance when it comes to security. Therefore, security threats such as ransomware, malware, and DDOS can easily be thwarted.
4. Selling Point
The highest possible uptime in the market is no joke. If an accounting service provider can make and keep the promise of continued help through the rush hours of tax day then there is nothing like it. A service provider with the highest uptime in the market can help a CPA or accountants make that promise. Being available in tough times is the biggest selling point for any business.
Conclusion
A cloud hosting service provider with comprehensive support for extensively used ATX tax software continued backup support, recurrent update installations, security modifications, and highest uptime is the solution to the tax day rush. The right service provider can help prepare the user for the rush of tax season. Time, money, and effort can all be saved with it.
It is said that the rate of economic growth of a business is dependent on the readiness of the management to evolve technologically. Technological advancement can be the deciding factor in the success of a business. Not only that, cloud computing also affects individual taxpayers’ life as much as it affects accounting organizations.
