What are the Benefits of Drake Tax Software Hosting on Cloud?

Benefits of Drake Tax Software Hosting - Verito Technologies

While tax preparers have several tax software solutions, Drake is one of the most preferred choices. In a recent tax software survey by the Journal of Accountancy, most respondents voted Drake software with a high rating. While the decision to choose a tax software is based on firm size, features, or budget, Drake fulfills all these aspects to become a popular solution for tax preparation. 

Drake comes with some of the most beneficial features like Drake Tax Planner, Drake Scheduler, and more. Still, tax pros face common challenges, like timely return filing, customer support during non-business hours, and data security. If you also face these problems, it is time to change the way you work by switching to Drake tax software cloud hosting. 

Hosting Drake software on the cloud enhances its capabilities and helps tax preparers simplify everyday workplace tasks. 

Let’s look at five significant benefits of Drake tax software hosting:

  • Remote Software Access

Has it ever happened to you that your client called for a tax consultation during non-business hours? If you are at home or anywhere else but away from your office, your inability to access tax data can leave you helpless in such situations. This feeling of helplessness is because you have the Drake software installed locally, making the software access hardware-dependent. 

However, with Drake tax software cloud hosting, you can access your data no matter where you are or at what time. You can use any smart device like your smartphone or laptop to access cloud-hosted Drake at your convenience. This is something you might not have experienced with local-hosted Drake. 

  • Adequate Data Security

As a tax professional, the security of data you handle for your firm is critical. The Internet age and the current work-from-home environment have increased the risk of cyber threats and an unauthorized leak of confidential data. Deploying strict security measures may not be feasible for every tax professional. But it will be in your best interest to switch to Drake hosting to enjoy enhanced security benefits.

Drake hosting service providers ensure the security of your data on their remote servers using advanced security measures. They make cloud hosting a foolproof solution using measures like end-to-end encryption, malware protection, and two-factor authentication. 

  • Cost Cutting 

Imagine the financial implications of setting up a dedicated in-house server for Drake. You would need a complete IT infrastructure in place, including the hardware and hiring professionals for regular upkeep. The total cost of establishing an in-house environment to host Drake software may turn out to be too expensive for your business like it does for many others. 

You can eliminate a significant portion of these expenses by turning to Drake tax software cloud hosting solutions. The cloud provider will take care of the expenses related to software deployment and maintenance as per the Drake hosting plan you have chosen. Besides this, you will also get round-the-clock customer support services – an affordable alternative to hiring IT professionals in-house. 

  • Impressive Software Performance

living in an age where computer usage is a part of our daily lives, we all know that our systems have limited computing resources. If we keep on adding more software to our computer, it will ultimately result in performance issues. The same happens when you have loaded a plethora of business applications, including Drake and others. The outcome will be work hindrances and decreased productivity. 

A simple solution to such performance issues is hosting Drake software on the cloud. Having Drake hosted on high-performance cloud servers means no performance lag. You can also choose a dedicated server for Drake software to experience incredible performance. 

Also Read: Everything You Need to Know About Cloud Computing

  • Disaster Recovery Benefits

Neither the occurrence of disasters nor their aftermath is in our hands. Natural disasters like earthquakes and floods can cause significant damage to various businesses, including the tax and accounting industry. Recovering data from the on-premise systems becomes next to impossible in such situations, leading to loss of clients and business reputation. 

You can stay prepared for such situations with the help of Drake hosting, which ensures replication of data in servers in multiple locations. Even if one server gets impacted by a disaster, retrieving data from another becomes easier with cloud hosting. 

Drake software hosting is a highly beneficial solution for tax professionals, with numerous features and benefits. If you have not switched to the cloud-hosted Drake software, do it today with Verito Technologies. 


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