What Accountants Must Know About Cloud Computing In 2020!

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Cloud computing comes in many different packages, but in all its forms, the cloud is “a metaphor for the internet” and has become the new norm for business operations. Businesses using Microsoft Office 365, for example, have the ability to access and store their “applications or software, data, and computing needs,” all thanks to “the cloud.” 

cloud computing is a topic that is forever changing, especially for accountants in nyc

However, it is crucial to understand that businesses utilizing cloud computing do so via hosted virtual desktops — “a user interface that connects to applications and data that are stored on a cloud providers servers rather than on the user computer or the corporate network.” I

n other words, the cloud provider “is responsible for storage, backup, security, and upgrades.” In the current state of the world, hosted virtual desktops allow businesses to operate more smoothly, as employees “can access their desktops from anywhere with an Internet connection.

New Technology for Accounts

Cloud computing is particularly advantageous for accounting teams and firms, and “accounting
professionals who rise to meet the challenge that new technology presents are increasing their
value to organizations and are being rewarded with opportunities to advance their careers.” 

“The cloud” provides accountants with severely increased efficiency as a result of its automation, as well as the flexibility to work from anywhere. 

Cloud computing also immensely minimizes the amount of paper to be managed by an accountant, while simultaneously requiring less training of new hires as the software has become more user-friendly. 

Other advantages to accounting professionals include “reduced errors, more time for strategic work, having better controls, and improving the ability to do data mining and analytics.” 

These numerous benefits supplied by the cloud help to make accountants more valuable to their current organizations. And an accounting professional’s proficiency in cloud computing practices makes them more desirable to prospective employers.

there are a variety of managed services that NYC accountants use, including cloud computing

Managed IT Services for Accountants

Managed services providers (MSPs) can largely benefit accountants, reducing “the costs,
complexities, and risks associated with workplace technology.” 

A managed services provider with an abundance of experience in the accounting space and that is “well-versed in virtualization, security, business continuity, custom app development, mobility and, of course, cloud computing,” can help accounting professionals to succeed in reaching their business goals. 

The right managed services provider for you will be able to “understand your operational bottlenecks, budget, and industry demands, and design a cost-effective solution that fits your company.”

With the right tools, the right technology, and the right help (like a managed services provider),
accountants can cultivate a vast amount of added value. 

Moreover, the past few years have shown that “organizations are more likely to hire and promote staff who are proving their value through strategic and skilled use of technology.” 

Cloud technology will undoubtedly continue to reshape the accounting profession, as well as countless other areas of business. Although cloud computing will continue to evolve, it is expected to become increasingly automated and interesting. 

And accountants may find they have more time to devote to work that engages and excites them, as opposed to the mundane — like paperwork. 

Overall, cloud computing equips accountants with “an opportunity to set themselves apart as highly desirable while simultaneously making their work more enjoyable.”

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