Cloud computing has made a dramatic impact on how we work, live and entertain ourselves. It’s not only a solution to reducing the amount of effort and resources required to perform a task; cloud-based services also allow you to safely store information and share it with other users in real-time, whether it be over laptops or mobile devices! Let’s see 5 real-life examples of how the cloud has revolutionised the world.

 

Traditional banking vs internet banking

In the past, your financial data was only available to you when you physically visited a bank. With internet banking now there is no need for this as all of your information can be accessed whenever you’re online, from anywhere.

 

Traditional mail vs Email

Traditional mail relied on postage services to deliver which took time and resources. Thanks to email applications, now you can access, send and receive emails at an instant, whenever you’re online, from anywhere.

 

Traditional filing vs cloud storage

Files, paperwork and documents used to only be stored in physical locations which take up space and resources. With cloud storage, your files are conveniently stored in the cloud and can be accessed whenever you’re online, from anywhere.

 

Traditional shopping vs online shopping

It’s very difficult to compete against online shopping when your physical business is limited to opening hours, the number of products on display and the number of customers they can reach, while customers have a limited time frame to view and buy products. Online shopping gives customers the freedom to view products and purchase at any time, from anywhere.

 

Traditional accounting software vs cloud accounting software

With traditional desktop software, your data lives on that specific computer or laptop. You’re limited to the number of devices and people who can access the data and in the event of the hard drive crashes, or laptop getting stolen, for example, your data won’t be retrievable (unless it’s backed up on another hard drive).

Cloud accounting software solves all the above-mentioned limitations. You and your team can access real-time data, reporting and analytics 24/7, from any location as long as you have internet access. All you need to do is log in via a web browser, or use your software’s mobile app to access accounts from your phone or tablet.

Rest assured the cloud is one of the most secure ways to store information. Software providers spend a significant amount of time and resources to ensure their servers maintain a world-class level of security and integrity – more than what their customers could achieve themselves.

 

Work smarter with cloud-based accounting

Thousands of businesses are familiar with the Xero accounting software already.

We chose to partner with Xero in 2011 to provide businesses with a smarter way to manage their accounting and finances on a platform that’s already a leader in the cloud accounting space. Our specialisation in single-touch payroll systems, migration services, and overall advisory services makes us the perfect Xero partner for businesses.

Lucent Advisory is here to help with the establishment and ongoing support of your Xero account. We understand the switch to a new accounting program can be a daunting one, our team is with you every step of the way.

 

Get in touch to get started today.