At Saffery, we specialise in cloud accounting services and digital solutions.
The world we live in is fast-paced, unpredictable and innovative. With an unprecedented rise in artificial intelligence (AI) tools and products, it’s time to revolutionise the way your business manages its finances with a switch to cloud accounting services. We’ve partnered with leading accounting software providers and applications to help our clients make the best choice for their businesses.
What is cloud accounting?
Essentially, the accounting process of your business is stored securely in the cloud, instead of a desktop app. By streamlining your finance operations with a move to the cloud, you don’t have to worry about software updates or limited access to your files. It also means that your important data is backed up automatically.
There are cloud-based platforms available for all sizes of businesses and with more and more people choosing to work remotely, the need to access data from anywhere has never been more important. This ranges from managing your finances, assisting with administrative tasks, and dealing with employee expenses.
What are the benefits of cloud accounting services?
Time-saving
The biggest advantage (and main purpose) of cloud accounting is the time-saving that it brings, freeing up more time for you to focus on making your business thrive.
Live bank feeds and data capture
Live and direct bank feeds mean access to real-time information, so reconciliations take minutes instead of hours. Data capture software can read invoices, receipts, and bank statements and convert them into transactions that can be published directly into the cloud.
Real-time reporting
The live connections to your data provides you with an up to date vision on your company data, enabling you to make informed decisions. You can monitor key performance indicators (KPIs), cash flows and much more.
Flexibility
Because cloud-based systems use the internet, you can access financial information from any location and device with a connection. Also, the ability to send real-time data to your accountants means meeting Making Tax Digital (MTD) requirements.
Integration with the API ecosystem
It’s not just digital record-keeping, with a cloud-based system you can integrate your accounting process with a variety of other third-party application programming interfaces (APIs) for an added efficiency boost.
Easy invoicing and credit control
Advance your business with automation, as the built-in functionality of cloud accounting makes managing invoices straightforward, easing any admin burden, saving you time, and making sure you get paid quicker. For more information, read our article ‘The benefits of e-invoicing and cloud accounting’.
Low cost
Pricing models mean that many businesses pay as little as £20 per month for software that is constantly updated, secure and hosted externally.
Cloud based accounting software
Choosing the right cloud accounting software is an important first step and may even help save you time and money in the future. If your business is ready to re-evaluate its accounting system and make the move to the cloud, get started with our specialists today and we can show how our cloud accountancy services can make a massive difference to your business. Find out how to unlock your business growth.
Saffery has Platinum Xero Advisor Status and partners with other accounting software providers, such as Sage and Quickbooks, allowing us to provide support and knowledge on any solution you choose.
How we can help
Our specialist team will work with you to understand what is most important to you and your business. We’ll help you to deliver a tailored cloud-based solution that provides the efficiencies and services you need. Our cloud accounting services team regularly review the fast-moving cloud market to ensure that we’re up to date with the latest technologies.
Our cloud accounting specialists can help with a variety of cloud accounting projects, including but not limited to:
- Software migrations,
- Cloud health checks,
- System reviews and advisory,
- Cloud/app integrations,
- Software/app training, and
- Ongoing software support.
If you’d like to discuss this further, please get in touch with Becca Durrant.
