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Is accounting in the 21st century really all that different from decades past? Business consultants are probably telling you that your firm needs to employ the most advanced technology to keep up with the changes in the industry, but few of them explain why. Do you need to be in the cloud to be an effective accounting service today? Here are some things you can keep in mind when deciding whether or not to get into the cloud.

Client demands

Your clients may already be using the cloud. If this is the case then it is your responsibility to service their business model. If you can access, the cloud you may be able to do more of the client’s work remotely which will benefit both you and them in the long term. Follow your clients’ example and embrace the change.

Expanded services

Cloud computing also allows you to expand your overall services. With access to cloud technology, you can offer a wider variety of business consulting services that can help you stay engaged with your clients even when they aren’t in need of specific accounting assistance. This can increase your business and, most importantly, your revenue stream.

Information protection

Since you have access to your clients’ most detailed financial information, confidentiality has always been a top priority. Many cloud-based software packages have built-in information security that can help you keep things safe and secure. This can also be a selling point for acquiring new clients.

Improved loyalty

Speaking of acquiring new clients, it is easier to maintain a current client relationship than to bring new clients into your business. With cloud technology, you can offer a wider range of services and better information security, which will make your current clients more inclined to remain loyal and recommend you to others.

Reduced costs

Of course, the cost benefits of cloud computing cannot be overstated. Because of the decentralized systems, your firm will no longer have to pay high fees for servers or other information storage solutions. Cloud technology is safe, and when there is an outage it can switch automatically to another server in the cloud so you don’t lose productivity, time or money.

At NRI, we pride ourselves on the longevity of our in-house staff. We dedicate ourselves to building partnerships with our clients as well as our employees. We feature Washington DC jobs as well as other opportunities in the surrounding area. Contact our great team today to get started!

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