Technology has revolutionized how businesses operate, and business owners’ expectations have changed accordingly. With the rapid advancement and emergence of new technologies, individuals now expect quick and easy access to information to automate operations for reduced costs and increased efficiency. The demand for technological advancements has led to a significant shift in such expectations, and businesses now want to require cutting-edge solutions to stay competitive in their respective industries.
Particularly for the ones using QuickBooks software, gone are the days when they had to rely on the desktop versions for accounting and financial management. With the emergence of cloud technology, the ability to access QuickBooks from anywhere, at any time, has made QuickBooks hosting a game-changer for small and medium-sized businesses.
According to the statistics, nearly 40% of QuickBooks Online users are small businesses, of which 30% are product-based. This shift is driven by the many benefits of cloud technology, including greater flexibility, improved data security, and reduced costs.
Wondering what will be the state of QuickBooks hosting in 2023. Let’s find out.
1. A higher inclination toward round-the-clock remote access
Imagine you’re running a bustling restaurant with multiple locations. Here, you must keep a close eye on business finances and make critical decisions.
But here’s the catch: you can’t simultaneously be physically present at every location. So how do you ensure that you still have real-time access to the financial data, which makes it easier to manage your accounts? That’s where the need for round-the-clock remote access comes into play, and cloud technology can make it possible.
In today’s fast-paced business world, accessing your financial information from anywhere, at any time, has become an indispensable requirement. But, just like a chef needs the right ingredients to whip up a delicious meal, you, as a business owner, need uninterrupted access to your accounting software to stay on top of your financial game.
Whether attending a conference in a different city or taking a well-deserved vacation, you shouldn’t worry about being disconnected from your business’s financial pulse.
If you prefer using QuickBooks, you can bid farewell to the days of being tethered to a physical location. Instead, cloud technology allows you to access QuickBooks through a secure Internet connection from any device—your laptop, tablet, or even your smartphone. As a result, you can view your up-to-date financial reports, track income and expenses, manage invoices, and even collaborate with your team, regardless of your physical location.
Need to pull up a profit and loss statement to impress potential investors? No problem. Want to review your cash flow and make informed decisions about budget allocations? Easy peasy. Cloud technology allows you to run your business on your terms without being tied down to a specific location or time zone.
2. The increased importance of data security
In an increasingly digitized world, data security has become a top concern for businesses of all sizes. Just as you would fortify a high-security vault to protect your prized possessions, safeguarding your QuickBooks data is paramount. Unfortunately, storing the financial information on a local computer or an on-premises server is like leaving the vault door unlocked, leaving your data vulnerable to risks like theft, hardware failure, or natural disasters.
With cloud hosting, you can think of QuickBooks data as locked away in a state-of-the-art, impenetrable fortress. Cloud solution providers employ robust security measures to ensure your data’s confidentiality, integrity, and availability. These include encryption as an invisible shield to make your data unreadable to anyone without the decryption keys, intrusion detection systems to detect and prevent unauthorized access, regular security audits, and more.
It’s like having a team of highly trained guards monitoring your data round-the-clock, ready to thwart any potential threats. These measures go beyond what you could afford or manage on your own.
Moreover, cloud providers store your QuickBooks data in geographically diverse data centers to ensure redundancy and resilience. This means that even if one data center experiences an issue, your data remains safe and accessible from other locations.
Interesting Read: 5 Things You Must Know Before QuickBooks Hosting Migration
3. Gradual concern over scalability
Picture this: you’re a kid with an insatiable appetite for ice cream. You start with a small bowl, and then your cravings grow. That little bowl just won’t cut it anymore, so you seek a scalable solution to keep up with your escalating ice cream desires. The same analogy applies to your business’s IT infrastructure. You need a scalable solution that can adapt and expand as your business grows, and that’s where the cloud comes in, serving up the perfect scoop of scalability.
In the world of business, growth is the name of the game. Just as your ice cream cravings can quickly outgrow a small bowl, your business can outgrow its existing IT infrastructure. Whether it’s increased demand, expanding operations, or needing more users, scalability is the key to staying ahead of the curve.
Think of the cloud as an all-you-can-eat ice cream buffet. When your business needs more resources, the cloud hosting provider dishes out additional servers, storage, and processing power in a snap. It’s like having an endless supply of ice cream scoops ready to meet your every craving—no need to invest in expensive hardware or wait weeks for installations. With the cloud, scalability is just a few clicks away.
In today’s rapidly evolving business landscape, scalability, security, and round-the-clock remote access are more critical than ever. Verito Technologies understands these demands and offers cloud-based solutions to take your business to new heights.
With our cloud hosting services, you can unlock the full potential of QuickBooks and other essential business applications. In addition, our robust infrastructure provides the scalability you need to accommodate growth, ensuring that your IT resources align perfectly with your business’s changing needs.
To discuss your cloud requirements in detail, call us at 1855-583-7486.