May 28, 2015 Accounting & Bookkeeping en_SG https://quickbooks.intuit.com/sg/oicms_sg/uploads/optimized-render/cache/cda5eaced80773edb3fdf4b8013364e71.jpg_x1.jpg https://quickbooks.intuit.com/sg/r/accounting-bookkeeping/should-your-business-migrate-to-cloud Should your business migrate to cloud?

“Cloud” has become the latest trendy buzzword for businesses. About 50% of Asian enterprises have applications on the cloud in 2014. If you’re thinking about moving to the cloud, here are some answers to your questions.

What is the cloud?

The cloud is basically is a network of servers, with each server having a different function. Some servers may provide an online service, and others store data. Chances are, you already use the cloud everyday, with apps such as Gmail, Google Drive, Dropbox and Evernote. Any time you store information remotely without using your phone or computer’s internal storage, it’s being stored on the cloud.

Why move to the cloud?

One of the biggest benefits of the cloud is accessibility. Storing information on the cloud means you’ll be able to access those files from anywhere with an internet connection.

Another benefit of the cloud is collaboration. Information stored on the cloud can be shared easily with team mates. You and your team members will all be able to work off the same central file. You won’t have to go through the trouble of transferring files back and forth, and making sure everyone has the right version of the document you’re working on.

Using cloud-based software services also means you don’t have to worry about keeping your software up to date. Maintenance and updates will be handled by your cloud service provider.

Flexible costs

Moving to the cloud can help you save money for your small business. You no longer have to buy you own hardware equipment. With cloud-based services, you only have to pay for what you use. Many cloud service providers have plans which vary in costs based on how many team members you have or how often you use it. If your business has fluctuating cash flow, this flexibility can be invaluable.

Are you worried about data loss?

One of the most important advantages of moving to a reliable, trusted cloud service provider is that the data almost never gets lost. Your data is backed up often, and is spread across multiple servers. You’ll no longer have to worry about losing all your data if your server crashes.

Moving to the cloud allows your small business to be nimble and cost-effective. You’ll be able to scale up or down as you need, work from anywhere, and collaborate better with your team.