Why Move to the Cloud

Cloud Computing Approach

Traditional on-premise software involves considerable upfront investment - the capital cost of licensing, installing and deploying core business applications and the servers they run on. This is together with the ongoing expense of operating and maintaining the system, upgrading software, patching operating systems, managing licenses and users, monitoring data security and providing for disaster recovery. 

These are a considerable drain on cashflows and management focus. To make matters worse, none of this is strategic – running your own business applications just distracts from your core business objectives.

accountsIQ is delivered as a fully hosted and managed Software-as-a-Service (SaaS) solution over the Internet - what is now termed Cloud Computing. This has significant advantages over traditional accounting software: 

• No software licences to buy
• No backups to carry out or disaster recovery plans required
• No multiple versions of software
• No in-house IT support required or servers to maintain
• No need for file copies on laptops or memory sticks or sent around on CDs
• Installed and implemented to new entities in hours rather than weeks
• A scalable solution that will grow with your business - and you only pay as you grow 

Collaborative “Anytime, anywhere” access

Unlike on-premise systems sitting on a server in one location, accountsIQ allows anytime, anywhere collaboration on accounts. It gives you secure 24-hour, online access to accounting information and business documents.

accountsIQ therefore eliminates the traditional time lag between the accumulation of accounting data and the production of management information and business analysis. This is particularly useful where the accounting data comes from multiple locations and needs to be shared centrally.

accountsIQ gives business owners and managers - particularly SMEs (small to medium enterprises)  the type of sophisticated business reporting and analysis that was traditionally only available to larger companies.

Its innovative Dashboard accelerates the interpretation of financial and statistical information to give you essential business performance data and analysis in real time.  It also allows a collaborative approach where tasks are carried out in the relevant location and Key Performance Indicators (KPIs) are available to all locations, benchmarked against specific targets or best practice.

Reduce your costs and grow your business

accountsIQ will reduce your system costs and free up time for you to concentrate on growing your business.

Unlike traditional PC-based accounting systems it:

• Eliminates the problems of multiple software packages used by clients and franchisees 
• Eliminates capital cost of systems and reduces IT running and support costs
• Provides instant access to realtime information for businesses and their finance advisors
• Speeds up the monthly accounting process and reduces administration time
• Unlocks the wealth of management information in your accounts, making it accessible to all locations
• Facilitates working from home and offshoring, where appropriate