6 Benefits of ERP Accounting Software on a Cloud-based System

6 Benefits of ERP Accounting Software on a Cloud-based System
One of the advantages of cloud-based ERP accounting software is it allows you to work anywhere there’s an Internet connection.
Cloud-based ERP accounting software is an incredibly versatile option for storing, protecting and accessing your company data on a remote server. If you’re not using it for your business, you may want to look into it.

To help you take advantage of this type of software, our experts have come up with a list of key benefits that might just convince you to give it a try.


1. Accessible

All you need to access cloud accounting software is an Internet connection. Once you have that, you can work anywhere:

  • In the office
  • At a trade show
  • On a business trip
  • On holiday (if that’s your thing) 

You can also set your permission levels to grant multiple users access to the system from multiple locations in real-time.


2. Affordable

Until recently, only large companies had the financial means to operate integrated ERP accounting software as part of an overall business management system. The upfront cost of hardware and IT specialists made it prohibitive for smaller operations.
 
With a cloud-based system, you don’t have to worry about this because the service provider does it all for you. Plus, the subscription-based Software as a Service (SaaS) model is a lot more palatable for many companies when compared to the initial capital expense require for a traditional software install.

 

3. Pick and Choose

Companies like Windward Software take a modular approach to their business management system. This allows you to choose the features you want, without having to pay for extraneous components. 

Many ERP software providers will provide a basic suite of integrated programs like:

  • Inventory control
  • Accounting
  • Point of sale
Beyond that, you can ‘switch on’ additional modules to configure the program to meet your precise business needs. For instance, if you need payroll functionality, or an e-commerce component for your website, you can always add it later when the need arises.

 

4. Collaboration

For company accounting tasks that require multiple contributors, cloud-based ERP accounting software is ideal because it allows everyone involved the opportunity to access or input information no matter where they are. This can:
 
  • Avoid delays
  • Increase turnaround times
  • Increase employee productivity


5. Accuracy

Once your data is input into the cloud-based system, it rarely needs to be duplicated. This greatly reduces the instances of human error, as the accounting software’s automated systems use the information that’s already there.

 

6. Security

In the past, one of the chief concerns surrounding cloud accounting software has been security. However, improvements are constantly being made to make cloud server technology and infrastructure more reliable in every way:
 
  • Fewer dropped Internet connections
  • Increased data security measures
  • More robust server hardware

If you run a retail operation and are wondering whether a cloud-based system would meet your needs, read our post: Are Cloud-based ERP Solutions Worth Considering for Retail Stores?

 

Do you need reliable ERP accounting software to help manage your business’s bottom line? Call one of our knowledgeable agents at Windward Software to discuss our fully integrated Windward System Five business management system. It features a powerful accounting module that provides an array of standard and customized reporting functions.

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