The cloud is most easily defined, according to CNN Money as software and services that run off the Internet instead of the server in your workspace.
Today, everyone will find themselves in the cloud, for most of the day. Each time you use your phone to look at Gmail, stream music or movies, or utilize social media to upload a photo, you are using the cloud. Not only has this become a household activity, but businesses have adopted the cloud, as well. Understandably, nonprofits are also looking to benefit from the security and flexibility the cloud has to offer. The cloud has most definitely proven to be a game changer for businesses everywhere.
Here are 3 reasons why you should consider moving your fund accounting to the cloud:
- Mobility: According to Gartner’s 2015 Technology Trends nonprofits and associations will have an increased emphasis on serving the needs of mobile users. The cloud enables you to securely and easily retrieve and input information from your mobile phone, tablet, workstation, or laptop computer – wherever and whenever you need. The cloud offers flexible working environments for your accounting staff, auditors, and leadership alike.
- Security: Technology providers continue to invest heavily in security, and likely have much higher security measures than most organizations’ on-premises installations. According to Gartner’s Top 10 Cloud Myths, “There have been very few security breaches in the public cloud – most breaches continue to involve on-premises data center environments.” Think about your server that hosts your organization’s finance data. If a natural disaster hit or a robbery were to occur at your office, how confident are you that all your data would be secure?
- Cost Savings: In 2013, Rackspace, a leading cloud company, found when surveying their customers that on average organizations reduced expenses by 23 percent when they switched to their cloud. It’s not just eliminating the costs for housing a server, and the appropriate equipment and services for an on-premise installation. With cloud solutions, you no longer need to worry about costs associated with software updates and timely integration installs. Cloud-based software allow for the technology partner to maintain, backup, and upgrade your software so you can focus on the mission-critical work you need to accomplish.
Cloud usage will inevitably lead to immediate improvements for your organization in the area of flexibility, insights, and costs savings. What’s even better, the move to the cloud is generally as simple as uploading your database and establishing your secure user accounts.
To learn more about Life in the Cloud and what it can mean for your organization check out our whitepaper.