QuickBooks is a popular program that allows small and medium businesses to run their accounting processes efficiently. The software comes in different variants, including Pro, Premier, and Enterprise. All of these versions are great and can help streamline a company’s accounting and finance operations.
But today, we’ll talk about eight reasons why QuickBooks Enterprise hosting is the way to go in 2020. Let’s get started!
Top reasons why QuickBooks Enterprise hosting is the way to go in 2020
In 2020, the security of confidential business information is one of the biggest challenges that every organization faces. Due to advents in technology, hackers are equipped with highly sophisticated tools and ready to capitalize on any security loophole to gain unauthorized access to the company’s private database and extract information to use for illicit purposes.
Using QuickBooks Enterprise hosting is a great way to keep the critical data of your business protected from cyberthreats. It offers high-end security, including enterprise-level security, two-factor authentication, Intrusion Detection, and Prevention Systems (IDS/IPS), and other safeguards, which offer excellent security against ransomware.
2. Remote access
QuickBooks Enterprise hosting allows a business to provide remote access to all employees. It allows accountants, CPAs, and managers to access company information from anywhere around the world, which leads to higher productivity and timely decision making. It serves as a centralized hub where all the information is updated in real-time.
Furthermore, each user can be granted different levels of access. The role-based access control help set a hierarchy and ensures confidentiality. For instance, a cash executive may access invoices, bank statements, and other relevant data, but cannot open budgets and other sensitive financial information.
3. Back up and disaster recovery
In 2020, every business relies on a digital database to sustain its operations. If the data in the system get corrupted, deleted, or damaged due to any means, it’s critical to have a backup and recovery system in place to retrieve back the data. QuickBooks Enterprise hosting offers backup and disaster recovery, which help ensure your company data remains safe and protected.
Most reputable hosting providers create multiple copies of your data, which is stored in different geo-locations around the world. In the case of natural calamity or any event, you can rest assured that your company’s information is retrievable and safe. It guarantees protection against data loss and helps ensure that your business record remains up-to-date.
4. Improved team collaboration and performance
Using QuickBooks Enterprise hosting, an accounting team can work with real-time data simultaneously, which streamlines the work and leads to better collaboration and flow of communication within the team as well as across the company. It’s a great option when you hire outsourced accounting services to facilitate your in-house employees.
In addition to that, most hosting providers offer more than 99.99% uptime, which keeps your server up and running all the time. In 2020, all the business operations are carried out in an online environment, hence minimizing the downtime can save a significant amount of money and allow your business to grow and prosper.
5. Flexible pricing and cost savings
QuickBooks Enterprise hosting provider offers flexible pricing, which helps optimize your monthly and quarterly budget. The pay-as-you-go payment option means that you have greater control over your budget. Also, this means that you can scale up and down your business operations without making a big financial commitment.
Furthermore, it doesn’t require your business to make a costly investment in computer hardware and equipment. The software can run on any internet-enabled device, including a laptop, desktop, or mobile. It can save thousands of dollars in capital investment as well as repair and maintenance that’s necessary to keep the servers up and to run.
6. Job costing
One of the biggest reasons why most businesses prefer QuickBooks Enterprise hosting over other software is the job costing feature. It enables companies to create accurate estimates and track expenses and time to calculate the profits earned from each job. It leads to better decision making and facilitates resource allocation across the organization. – Read More
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