Top 6 Ways Cloud Infrastructure has Changed Modern Accounting

Driving Remote Work Revolution in Accounting with Cloud & Infrastructure Services Collaboration

With the ongoing unprecedented times, cloud & infrastructure services have become essential as physical interaction is not an acceptable form of communication.. Enterprises and industries across the globe are shifting their work mode to align with the new normal of social distancing. To retain productivity as well as seamless operations in remote working mode, business organizations are depending upon collaborative digital solutions.

Meeting the immediate need for remote work generated by the worldwide lockdown, accounting firms find it difficult to manage their work as they were unable to access their system on office premises. They need fully- secured accounting software that results in migrating their customers to the cloud infrastructure. In this blog, we will discuss the top 6 ways the cloud & infrastructure services has brought a scalable digital transformation in modern accounting and how Diadem Technologies is supporting the enterprises in the remote working transition with the  TIER IV Cloud Service Infrastructure.

1. Enabling a datacenter hosted cloud accounting solution

Shouldering the accounting task of a firm is an arduous task that always requires the accountant’s attention to the intricate details of the accounts. Hence, they need to access some data and information at any time whenever required.

Cloud technology can synchronize information across several platforms. By adopting the windows 2016 cloud service, the required information can be hosted on the off-site data centers.

It further enables the mobility of business data so that accountants can access the business data in real-time through any internet-connected device.

2. Collaboration on a single platform

In some firms, due to the nature of the work, the accountants, CPAs, tax professionals, and other stakeholders need to conduct the same project work together to achieve common financial goals. Collaboration takes quite a lot of effort that can curtail the miscommunication leading to increased errors.

Shifting accounting practice to the TIER IV cloud infrastructure helps to share the workload with the collaborative work on a single platform. Hence, the whole team can work on a common project at the same time.

Added to that, Cloud simplifies the process of outsourcing services like real-time data visualisation, the confidentiality of the data, and tracks the confidentiality of the workflow from a dashboard.

3. Data Security for Accounting data

Data is the backbone for any company. Therefore, it is crucial to take appropriate measures to secure the information from any possible external or internal threats and the intrusion of any third party like software malfunction, hardware crashes, cyberattacks, accidental data loss, and more. Reliable cloud hosting providers like Diadem is equipped with 360-degree data security and website protection to safeguard the following information:

• Multi-level authorization system
• Multiple layers firewalls protection
• Data Encryption
• Virus and malware protection system
• DDoS protection
• Intrusion detection and prevention system (IDS)

Moreover, data is regularly backed up and the cloud service providers offer business continuity options while storing the information at multiple data centers. Even when any server is down, it ensures the redundancy of data. These server farms are monitored under CCTV surveillance, secured with 24/7 on-site security officials, biometric scanning, and fire-alarms.

4. On-Demand Scalable Resources for Cloud Accounting

Every firm needs to modify IT resources as per business demands and increases its resources during the peak time like the tax seasons of the year and wants to reduce it for the rest of the year.

Cloud-hosted services enable businesses to upscale or downscale resources like storage capacity, RAM, number of users, and more, according to the requirement. Added to that, unlike the conventional in-house servers, storing data at cloud servers doesn’t require a dedicated team to keep an eye on the availability of resources. The cloud hosting providers make sure the 247*7 availability of the resources.

5. System Administration Automation

Accounting admins are already overwhelmed with tedious tasks like compliance work, data entry, bookkeeping, etc. managed cloud providers automate most of the day-to-day sysadmin work and let the accountants focus more on their core competencies. Hence, it speeds up the workflow and helps to deliver the work to the clients better. Cloud also simplifies the document management process to track down any critical data whenever required.

Moreover, there is no redundancy of business information due to automatic updates of the multiple versions of documents or files.

6. Affordable Pricing Plans

Reliable Cloud hosting providers offer pay-as-per-usage pricing plans so that the firms can only invest in the resources the accounting professionals are using. As all of the information is hosted on the cloud, there is no need to pay for the infrastructure including the power backup, cooling system, and other security standards for maintaining the servers.

The cloud accounting solution provided by Diadem makes it possible for organizations to view real-time data and access the necessary data in a hassle-free way. As the entire data is stored and updated in our single cloud solution, it can be accessed by their authorized employee as well as clients from anywhere anytime. Our automated cloud accounting software ensures accuracy in the bookkeeping and accounting tasks like invoicing, and transaction records thus saving their time and escalating productivity.

Diadem ISO 27001 Certified Cloud Services has allowed accounting firms to host their applications on our cloud and relieved them from the backup, availability, and security of their accounting data. With the deployment of our premium quality cloud accounting software, the work is not affected even by the employees staying at home. Accounting tasks can be conducted seamlessly even from remote places. Get in touch with us today to learn more about our solutions for cloud-based ERP and accounting solutions.