Is a Cloud ERP one of the best accounting tools?
A Cloud ERP can be one of the best accounting tools. One of the biggest advantages of a cloud based solution is that it allows you to access it and use it from anywhere an internet connection is available and provided you meet the permission criteria.
The cloud is already the preferred choice for ERP solutions due to its affordability, easy & anytime/anywhere access, lower financial & investment entry barriers as well as minimal set up times.
Accounting is one of the key functionalities that a cloud based ERP solution can provide.
A Cloud ERP can offer the advantages of automated bookkeeping, updation of transactions in real time with easy reporting as an accounting tool. Add the other advantages of the cloud ERP and it becomes one of the best options amongst accounting tools available. It has comparable bookkeeping capability with the best accounting tools available and can offer the cloud advantage too.
The Key Advantages:
24X7 anytime and anywhere access:
You could be anywhere- in the office, in a convention, with a client, on a business trip or even on a holiday- if you have internet access even through a mobile device and have permission to access the system-you can access it in real time and seamlessly. This is vital for faster data driven decision making by leaders and real time data updates.
Affordable and easier on the pocket:
Typically on-premise accounting ERP software was prohibitive for the smaller players and suited the larger players. Though some other accounting standalone solutions were available for small business, their integration with other standalone systems remained a major hassle. The situation has changed with affordable and user friendly comprehensive cloud based ERP solutions that offer accounting capabilities integrated with other functionalities for business hereby eliminating the need of standalone systems.
Accuracy and updating:
A cloud based ERP offers updating of all data in real time and with accuracy hereby eliminating errors and duplication of effort. Moreover, reports can be generated in real time across business functions whenever they are required. Account reconciliation is also much faster with minimal manual effort. As data is collated across functions, any errors become evident and it is easy to find the root cause.
With the high quality intellectual capital, security protocol and infrastructure of the cloud service provider; the security standards for the cloud; the powerful hardware used by the service provider as well as some shared responsibility by the user, the cloud is already more secure than traditional IT environments and improving further as we speak.
Why use VersAccounts as your key accounting tool?
We at VersAccounts have created a secure cloud based comprehensive multi award winning ERP solution. It addresses key issues of the small business domain in the most effective manner possible.
Our solution is designed for fast growing businesses, between $1-$50M in annual revenue, looking to upgrade business management solutions or even those looking at comprehensive and affordable ERP solutions.
Built from the ground up on the latest cloud and mobile technology, the VersAccounts Cloud ERP system allows businesses to automate and optimize their operations across multiple companies, countries, and currencies with one integrated ERP system.
Our capabilities as an accounting tool
It doesn’t matter if you have one business or many; VersAccounts Small Business Cloud ERP system allows you to manage all of them in a single system.
Multi-entity capabilities include the ability for entities to operate in different currencies and to consolidate financials across entities.
Financial capabilities included in the Core ERP Modules include:
- General Ledger
- Accounts Receivable
- Accounts Payable
- Cash Management
- Fixed Asset Management
To know more, please visit www.versaccounts.com or contact us directly.
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