Over the last few years, more and more small businesses have been migrating to the cloud. In fact, by the beginning of 2016, 95 percent of all businesses were using the cloud to some extent, RightScale reports. If you still haven’t made the transition, you might be wondering whether making the migration is worth it. Here are four reasons why moving to the cloud could be great for your business.
Managing Your Business From Your Mobile Phone
One big benefit of the cloud is that it lets you run your business from any location using your mobile device. Because the cloud lets you access online digital resources and frees you from dependence of on-premises hardware and software, you can use your smartphone or tablet as a mobile base of operations. You can choose to limit your use of the cloud to specific operations you prefer to run from your mobile device or you can even run your business entirely from your smartphone.
And just as the cloud lets you run your business from your smartphone or tablet, it enables you to allow your employees to access your company network from their mobile device as well. This frees you up to use remote workers, opening up more possibilities for your business model and workforce.
Running your company from your smartphone can help lower the costs of your business in multiple ways. For example, the average small to medium-sized business can save $18,000 per year in hardware costs by moving to the cloud, plus another $1,000 per year in associated electricity and air conditioning costs.
The cloud can also cut your software and IT management costs. For instance, the average small to midsize company using Microsoft Office can save $3,950 a year in license by using the cloud. Fifty percent of IT professionals say cutting costs is one of the biggest reasons for moving to the cloud, a Cloud Cruiser survey found.
Streamlining Your Bookkeeping
Another advantage of moving to the cloud is that it can increase your bookkeeping efficiency, saving you tremendous time. A cloud-based accounting app enables you to update your books from anywhere, whether you’re in the office or on the road.
Cloud accounting apps also integrate with other financial software programs, so that as you make sales, you can automatically import the transaction data into your books, saving you from having to enter the data manually later. You can sync your cloud accounting program with your inventory, payroll or tax reporting to dramatically reduce the amount of time you spend on your books.
Storing and Backing Up Your Files
The cloud also increases your file storage capacity, while simultaneously making it easy for you to back up your files. Cloud file storage services let you store terabytes of data for pennies per gigabyte, giving small businesses access to the same storage capacity as large corporations on a small-business budget.
Enterprise cloud backup services also let you automatically backup your data, saving you time and protecting you in the event your data is compromised by a security breach, power outage or natural disaster. You can schedule monthly, weekly or daily automated backups, saving you the time you’d normally spend manually backing up your files, while providing you with military-grade encryption security for your stored data.