The ability to accept mobile payments and manage your company’s finances from anywhere enhances your own remote work capability.
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Automated accounting saves time and means no more manual data entry, which minimizes costly clerical errors. Data from sales transactions, business expenses, and inventory are automatically uploaded to the cloud. QuickBooks Online (QBO) automates accounting functions like payroll, invoicing, and accounts payable and receivable. Fortunately, there are some excellent cloud-based solutions that keep accounting manageable. Some of the best small businesses stumble when it comes to bookkeeping and cash flow management. Traditionally, HR departments have had to rely on manual data entry and review, which drains resources from a small business.Įstablished businesses like SAP and Oracle have developed comprehensive systems, while startups like SilkRoad and Cornerstone offer niche solutions for functions like talent management.
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It streamlines human resourcesĬloud-based human resources (HR) software minimizes paperwork by streamlining processes, such as on-boarding new employees, tracking timesheets, scheduling sick leave and PTO, and calculating payroll taxes. This means you can do the work offline and any changes you make will sync up once you connect to the internet. Though you need an internet connection to work on the cloud, many platforms have offline modes. Since many small businesses have been using Microsoft and Google programs for years, their cloud interfaces are familiar and make for an easy transition. Popular business cloud platforms like Microsoft Office 365 or Google Apps for Work offer collaboration tools and are tailored for mobile employees. Through the cloud, you and your team have access to your business software tools from any place at any time. Here are a few reasons your small business should, too: It increases productivity
The cloud represents an ideal combination of increased productivity, streamlined human resources, automated accounting, hassle-free security, and customizable scalability for small businesses.Īn estimated 80 percent of all businesses will use the cloud by 2020, according to Forbes.
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