Why you should migrate to the cloud with your NFP Accounting
Cloud technology is considered to be one of the tenets of Digital Transformation. Organizations across the world have adopted the cloud, streamlining business in the process. For Nonprofit organizations, it helps to communicate easily with donors, within the organization, manage marketing and fundraising campaigns, etc. Since cloud is, obviously, everywhere, it’s no more necessary for Nonprofit organizations to even set foot in the office or purchase multiple licenses.
Since we’re in the discussion of cloud technology, it would be just a stone’s throw away to discuss the advantages of cloud based accounting software for NFPs. Here is a list of advantages for your consideration, if you are thinking of taking the plunge into the cloud for your accounting as well.
Work from anywhere
With cloud accounting software, it becomes unnecessary to worry about being in office to access your accounting software and related data. In fact, you don’t have to be anywhere near your desk to access it. The 2020 pandemic showed us how it is essential for organizations to rethink the way we work. We saw an increased number of people working remotely to get their work done. But imagine if your accounting software did not support this, and demanded physical presence: that could be a fly in the ointment. You would be unable to work on important accounting tasks nor would you be able to access necessary data when required. Even if you have a laptop, antiquated accounting software that are not supported on the cloud are just not going to cut it in this scenario.
So what do you do? You turn to cloud accounting. Cloud accounting allows you to access your information or data from anywhere and from on any device. As long as you have a device that connects to the internet, you should be able to access your cloud accounting software and all your data. It’s as simple as that.
Work with peers
Cloud accounting also means it would support multiple users to log in and manage the tool at the same time. Anybody who needs to have access to the accounting tool or to any of the data can simply log on and access the data. With such ease of access for all your team members, collaboration becomes so much easier. Of course, the software itself comes with control and security – only those users who need to see or access that data may have access, as the admin pleases.
Plug and play
With a cloud accounting software, you simply logon to the website, enter login credentials and get started with your work. There is no need for any installations to be done. Plug and play. With a cloud accounting software, anybody who needs access, can simply logon to gain access.
On the other hand, antiquated accounting software that are not supported on cloud, have to be installed individually on the devices of every person who uses it. So unless the persons accessing it, do so on a regular basis, they would never know if the system is up to date and upgraded. Instead of checking every system in the network to check see for updating, Cloud accounting software do not need any updates.
Secure your accounts
Traditional accounting software need you to keep your software updated at all times. Failure to do so may lead to data breaches and security threats and this may spell disaster for your organization. Loss of data can be quite catastrophic and may lead to heavy losses for your Non Profit.
Cloud Accounting Software always keep their platforms updated and secure. So, you can rest assured that your data is absolutely secure with state-of-the-art security features guarding your data. Coupled with your own security systems at your organization, your resources and your precious data remains safe for sure.
One of the biggest wins with cloud based accounting software is that it’s extremely cost-effective. With strict budgets for Non Profit Organizations, it pays that Cloud Accounting Software are extremely cost effective. Since you simply have to pay only the subscription fees, it becomes extremely light on the pocket. And there are no unforeseen costs – with just the subscription fees to be accounted for, it becomes easy to budget the expense.
Also, there are no maintenance or version upgrade costs involved, which saves a lot of money for your NFP.
Save time, improve productivity and effectiveness, and just be more successful in your goals. Our cloud accounting software can be a tailor-fit for all your business needs.
Get in touch with us and we’ll set it up for you. So, what are you waiting for?