Property management, construction & development firms benefit from cloud accounting functionality
The trend toward replacing on-premises accounting technology with cloud and software-as-a-service (SaaS) implementations was already well underway before the global pandemic arrived. Many slow-to-adopt property management, construction and development organizations were finding themselves left further and further behind while their competitors adopted modern, industry-specific enterprise resource planning software that can be maintained and accessed 24/7 from anywhere on any device. When COVID-19 lockdowns kicked in, so did a skyrocketing urgency to establish fully functioning remote operations. But beyond enabling businesses simply to keep on operating, their “forced” move to a web-based world will bring lasting benefits.
Three Ways Cloud ERP Systems Boost a Business
1. Basic Cloud Benefits
Scalability and flexibility. You can implement cloud solutions quickly and easily, and realize immediate operational improvements. You pay only for the resources you need at any given time, so you can scale up or down to meet business objectives with maximum cost efficiency. Consistency. Your entire team can run the same application anytime, anywhere. This breaks down information silos, delivering consistent, up-to-date information with minimal effort. Out of the office and using a tablet? No problem. The software application functions on all devices using the same interface. Automatic upgrades. Updates run unnoticed in the background, meaning you don’t have to remember to upgrade your accounting or management software or be concerned about disruptions that cause costly downtime.