Benefits of Cloud-Based Technology for Your Business

Cloud computing is one of the newest, most exciting technologies that companies can incorporate into their business operations. There are different types of cloud computing, and they can all be beneficial to your business, depending on the type of company you run. Below is a basic overview of the types of cloud-based technology and how it can benefit your business.

Cloud-Based Document Storage Systems

Cloud-based document storage systems serve a number of important purposes. They back up all documents in the cloud so those documents cannot be lost to disasters such as a hard drive failure or an office fire. The documents can be accessed anywhere from any device, although business-grade services give administrators the ability to set access rights to each individual file. Cloud-based document storage allows for collaborative editing in real time, which can substantially improve productivity. These systems also make for easier file organization and storage.

Cloud-Based Point of Sale (POS) Systems

Cloud-based POS systems are great for many businesses. Because of their mobility, you can make a sale anywhere in the store, which can increase sales and therefore revenue. These systems allow retailers to get their money instantly and are largely cheaper than traditional POS systems. Most cloud-based POS systems have the ability to integrate with other software and apps, making them extremely flexible and able to meet the needs of many different types of businesses.

Cloud-Based Accounting Programs

Cloud-based accounting programs are also growing in popularity for very good reason. Cloud accounting software updates and performs many tasks automatically, which makes tedious data entry largely unnecessary. Cloud-based accounting programs can help your company plan for taxes and automatically keep your account information up to date. This allows managers and executives to make the best financial decisions for the company because they will be working off current information. Cloud-based accounting programs make it easier to get paid faster thanks to automatic, digital invoicing as well.

Apps

Most apps are linked to the cloud so they can be accessed on most devices on the go. Mobile cloud computing is becoming more and more important to companies as businesses begin to heavily use mobile devices, be they smartphones or tablets. Many of the other programs mentioned in this article have mobile app support, making apps a critical element when adding cloud-based technology to any business.

Other Cloud-Based Programs

Other cloud-based programs are available as well and can serve just about every business function you need. For example, many HR software programs, employee management software products, design programs such as the Adobe Creative Suite and other types of software now offer cloud-based options. New programs are coming out all the time for different industries, which is why it is particularly important for your company’s owners, IT department and other managers to keep up with new releases that may be a good match for your company.

Integrating cloud-based technology into your business functions comes with many benefits. Cloud-based technology is secure, with many services adhering to HIPAA data security standards. On the whole, cloud technology is cheaper than desktop-based programs. It keeps your data stored and automatically backed up off-site so loss is less likely to happen. Finally, the ability for multiple employees to work on the same document or account at once increases productivity. If your company has not already begun implementing cloud-based technology, strongly consider doing so. It already is the future of business computing.

Author: Kar

Dr. Kar works in the interface of digital transformation and data science for business management domains. Professionally a professor (IIT, IIM) and an alumni of XLRI, he has extensive experience in teaching, training, consultancy and research in reputed institutes. He is a Regular Contributor of Business Fundas and a blogging addict. Note: The articles authored in this blog are his personal views and does not reflect that of his affiliations.