Cloud technology is one of the biggest technological advancements in the 21st century. It has completely revolutionized the information technology sector and made the outsourcing of IT infrastructure possible.
Eliminating investments on large-scale infrastructure, coupled with the pay-as-you-go model, significantly reduces IT costs. Therefore, many companies are jumping on the bandwagon to take advantage of cloud technology.
When it comes to managing accounting and finance processes using QuickBooks, the importance of cloud technology cannot be overstated. The online backup serves as a power-packed and robust backup solution for SMEs.
In this blog, we’ll try to understand the need for cloud backup in QuickBooks hosting. It will give you a good idea of why you should move your QuickBooks desktop version to a secured cloud hosting platform. Let’s get started:
In today’s digitalized world, cybersecurity is the biggest threat to every business. Unfortunately, most cyberattacks are targeted against small businesses, most of which don’t have a cybersecurity response plan.
The cloud backup strengthens the security of your confidential accounting data. It virtually eliminates the risk of physical theft as the files are saved on multiple remote locations that are highly secured and protected.
Moreover, cloud hosting providers ensure data security using top-of-the-line encryption, firewall, intrusion detection system, and other safeguards to protect your sensitive information against cyberattacks.
Most inaccuracies and mistakes in accounting records occur due to manual data entry, especially when creating back up of the files. It can also lead to file duplication, corruption, and several other technical problems.
A QuickBooks hosting provider helps prevent these issues by providing from automated backup services, which eliminates the need for manual work and guarantees accurate, complete accounting records.
The cloud backup also saves a significant amount of business time and resources. The process runs in the background and doesn’t require any extra effort, which ensures high operational efficiency and minimizes downtime.
Most SMEs don’t have a budget to hire a team of full-time accountants and bookkeepers; hence they employ remote workers and contractors. However, they encounter a problem in data sharing and providing secure access.
The real-time cloud backup allows businesses to provide accountants, bookkeepers, and relevant employee remote access to their database. Employees can easily access files through the cloud server anywhere.
QuickBooks hosting offers compatibility with various devices and operating systems. Users only need an internet-enabled device like a laptop, desktop, or mobile device, to seamlessly connect to the server and start working.
Some companies create a backup of their company files using external storage devices, which are stored on-premise. In the case of a natural disaster or fire, the complete IT infrastructure can fail and result in permanent data loss. Moreover, it also presents a risk of physical theft.
Using cloud backup, a business doesn’t have to worry about such issues as it comes with disaster recovery options. The hosting provider saves the data in multiple data centers located in different geographical locations; therefore, the chance of data loss virtually non-existent.
For instance, if the data center at one location is compromised due to natural calamity, fire accident, or any other adverse circumstances, the company data can be retrieved using other data centers that contain backup.
No up-front capital investment
Most SMEs don’t have a budget to invest in expensive on-premise infrastructure that includes expensive computing hardware and equipment along with a dedicated team of IT experts who can carry out routine maintenance and troubleshooting.
QuickBooks hosting services don’t require any infrastructure or upfront investment and allow small and medium businesses access to cloud backup with top-of-the-line security and unlimited storage for a monthly fee per user.
QuickBooks hosting comes with cloud backup that serves as a perfect solution to all your data management problems. From top-level security to remote access, it offers a myriad of benefits to effectively manage your accountancy and finance operations, which leads to improved business reporting and helps your business grow.
Are you looking for a top-notch QuickBooks hosting service provider? Contact us today!
gotomyerp is a leading QuickBooks enterprise hosting provider that offers cloud backup and excellent customer service to ensure seamless accounting operations
If you want to find out more about our services, get in touch with us at (877) 888-5525.