Why now is the time to consider using the Cloud

By Sally Fisher | Advisor, Digital Solutions Team

The last 12 months have been a rollercoaster of unplanned change for the world. The already-existent challenges faced daily by many businesses have been heightened by Brexit and the pandemic – from managing cashflow, ensuring the business has adequate stock to fulfil orders, to having access to current, reliable, financial information and the ability to forecast are just some areas of struggle.

Cloud software isn’t new, but with the time saving features it offers and additional add-on applications that can be integrated with ease, as well as the flexibility to work anywhere with an internet connection, we have seen a surge in the popularity and usage of the software. 

Cloud based accounts software helps you simplify everyday business tasks and puts financial data at your fingertips. Ever evolving benefits include direct bank feeds that import your bank statement data straight into your software, artificial intelligence that reads incoming supplier invoices and posts into the relevant ledger and the ability to send Sales Invoices straight from the software as soon as work is completed. These features significantly speed up bookkeeping processes.

Having access to key financial data, such as business profits and cash, wherever and whenever you like, gives you greater control over managing your business and making informed financial decisions. Seamlessly prepare robust forecasts at the click of a button, helping mitigate cashflow surprises and plan, prepare and set long-term goals, based upon up to date predictions and insights provided from your software. This is complemented with a clear overview of outstanding customer and supplier invoices – chase debts directly from the software and accept customer payments online using payment services linked to your accounts software.

All of the cloud software packages we offer are Making Tax Digital ready, ensuring your VAT and tax reporting is compliant both now and in the future as reporting requirements advance.

Here to help

Our specialist Digital Solutions team are experts at converting you to Cloud and have practical experience in using the software packages we offer. Interested? Please contact our Digital Solutions team and they will be happy to help. Email us – hello@wrpartners.co.uk