Cloud accounting
Technology is transforming how businesses operate. Powered by new information, organisations are reimagining how to manage, maintain, access, and gain insight from their financial data.
We support our clients with the implementation of market-leading Cloud accounting services and solutions that help them to better understand productivity, operational performance, and management information.
Cloud accounting offers access to real-time financial data, bringing greater flexibility to your business and enhancing your ability to make calculated and timely business decisions.
The Cloud is a platform that allows data and software to be accessible online anytime, anywhere, from any device.
You can use cloud-based software from any device with an internet connection – laptop, tablet, or mobile phone – providing the flexibility to manage your business on the go.
With the improving capabilities of AI and OCR technology, accuracy levels are now surpassing that of human input. Data is automatically re-populated to other relevant areas, without the need for, nor the accuracy risk of, manual re-keying of data.
With bank feeds, the advent of open banking and data automation, it is now quicker and easier than ever before to have transactional data at your fingertips. The ability to raise invoices and approve transactions on the go means it is easy to maintain your finances daily rather than process in bulk once a week or once a month. All of this means real-time data to give you full visibility of your finances at any point in time – making it easier to make business decisions.
Single ledger systems allow the same data to be accessed by multiple users across multiple locations online, making it easy to collaborate with your team. Accountants and advisers can access and share your data providing the opportunity for a collaborative approach to bookkeeping, provision of management information, and the year-end compliance process.
Data is secure and backed up automatically with cloud accounting software companies ensuring the security and privacy of your data are always airtight. Your information is stored offsite so can no longer be adversely impacted by the theft of a computer, or other physical factors. You invite users to access your data, and you control the level of access granted.
With a whole ecosystem of apps and add-ons, cloud software is scalable and can grow with your business. Industry and sector-specific add-ons can be used to create a bespoke system to meet your business requirements, now and into the future.
Technology-led accounting platforms can help your business operate at maximum efficiency, to allow you more time to spend on business-critical tasks. This includes integrations with payment services to assist with cash collection, dynamic reporting solutions and dashboards to provide complete visibility of your financial position.
No need to install upgrades or purchase new hardware. You pay for the software by monthly subscription. Automatic updates are free and instantly available.
Why choose RSM?
No matter the size of your business, we have a range of Cloud accounting services and solutions to support you. We work with you to understand your business and your objectives, tailoring a Cloud transition that is right for you.
RSM is a Xero platinum partner and our team is experienced in providing cloud accounting solutions through Xero applications. We will use our deep expertise to create the right approach.
For larger organisations, or those experiencing rapid growth, our award winning NetSuite team provide consultation and implementation services.
