As an accounting professional working hard for another tax season, you might have looked at the tech stack of your business. You have the most preferred accounting software and the required team members to get things done toward a successful tax season. However, the real difference lies in how you choose to access software and critical business data.
If you are looking for an alternative to local-hosted accounting software, a managed cloud approach can answer all your queries.
Still, wondering what managed cloud is and why your business needs it? Let’s dive deeper to help you understand it better.
More About Managed Cloud Hosting
Managed cloud hosting is an Infrastructure-as-a-Service (IaaS) based cloud facility known for its on-demand access, easy scalability, and ease of implementation. By switching to managed cloud hosting, you need not install on-premise servers to host business applications and data locally. Instead, you can migrate them to the cloud server and turn your IT operations to hosting experts who will handle it all for you.
The cloud hosting partner you select will manage your licensed tax or accounting software and take care of the cloud maintenance, updates, and data security. As a result, you will benefit from improved software performance, easy scalability during the tax season, and cost savings. This way, you can focus more on the core accounting tasks and dealing with your clients rather than worrying about the IT infrastructure.
3 Reasons Why Your Business Need Managed Cloud Hosting
You need cloud benefits at predictable monthly costs
One of the most significant benefits of utilizing managed cloud hosting solutions is its predictable monthly costs. This will be different from buying and maintaining servers and other on-premise hardware, the cost of which can be quite substantial based on your business needs. Here, you leverage the benefits of moving the IT setup from CapEx (Capital Expenditure) to OpEx (Operating Expenditure). In addition, most managed cloud providers work on an attractive, affordable business model that is flexible, ongoing, and billed as you go.
The critical differentiator is that not all cloud models, providers, or hosting plans are alike. For instance, if you use a public cloud, the usage bill may jump higher than expected during the higher workload of the tax season. On the other hand, think of your accounting firm relying heavily on cloud-based data and pulling more past documents and returns.
If the chosen cloud provider charges for egress (moving data out of the cloud), it can lead to an unanticipated spike in cloud usage bills. You can avoid such situations with the help of a trusted cloud solution provider that can help with the predictable costs involved.
You cannot afford affected software performance.
In many cases, software performance is tied to the software hosting approach. For example, accounting software performance impacts productivity during the tax season. If you leverage on-premise servers in your accounting firm, you may be unprepared to deal with the affected software performance because of the increased workload. Scaling up the IT capacity would mean more upfront investments.
When you partner with a managed cloud hosting provider, you can rest assured that the cloud-hosted software performance stays unaffected even during the peak season. The underlying high-performance, SSD-based servers will do their part to ensure access to cloud-hosted software anytime-anywhere. The best part is that you will get it without making any significant upfront investment.
Once the tax season ends and the IT demand reduces to normal, you can switch back to the previous cloud hosting plan and pay for what you need.
Interesting Read: A Complete Guide to Cloud Servers
You expect complete data security
Data security is another business need that most business owners like you cannot ignore when switching to the cloud. If you switch to a managed cloud, the cloud solution providers will provide top-rated security measures. In addition, their IT team will be responsible for implementing various security measures like firewalls, antivirus, IDPS, and others.
Leaving the responsibility of data security into the hands of a cloud provider can be quite beneficial when you want to spend time focusing on new and existing clients. Of course, basic security benefits will be included in your hosting plan. However, switch to managed security services if you want to take advantage of the next-level security.
Now is The Time to Switch to Managed Cloud Approach
By selecting the right managed cloud hosting partner that understands the accounting industry, you can offload the responsibility of managing and maintaining IT infrastructure.
Want to know more about what Verito’s cloud can do for your business? Click here.