Miriam Webster defines Cloud Computing as the practice of storing regularly used computer data on multiple servers that can be accessed through the Internet. Contrary to popular belief this isn’t a new concept at all. In fact, the idea to combine hardware and software as a service dates back to the early 1960s. And the reality of such a service exists today. Cloud accounting is another tool for nonprofits to take advantage of as they pursue the vision and mission of their organization. Cloud computing can help by streamlining processes and making information readily available to its users.
Businesses are looking to the cloud to drive business transformation across the enterprise. They are looking for new ways to engage their clients in a digital economy and new ways to engage their employees to increase productivity and employee satisfaction. Employees today expect a mobile enabled work environment to connect with their digital savvy customers. Take a look at some of the many benefits of cloud computing for nonprofits.
- Utilizing cloud storage saves time and money enabling you to grow as fast as your business without leaving you with the expense of equipment and staff in a downturn season.
- Centralized access to data and reports means more efficient processes, easier telecommuting and less time wasted waiting for information stored on an individual’s hard drive
- Ever changing technology mandates a sizable budget towards upgrades and repairs which can be avoided with cloud computing services
- No more concerns about storage space or capacity with almost unlimited amounts available on the cloud
- Rest assured that your data is backed on the cloud. Additionally your service provider will be skilled enough to handle recovery of information
- Handpick the services that you need and don’t worry about software integration as this generally occurs automatically on the cloud.
- No waiting! Cloud computing offers quick deployment once you decide to move in this direction.
Another benefit to moving to cloud technology is the flexibility to take on new projects. The availability of on-demand cloud resources allows new configurations to be set up and running in a matter of hours. And because you are partnering with a service you will only pay for the time that is actually used towards expanding your business tools. We know the biggest drawback to taking ground in a new territory is time and money, or the lack thereof. However, on-demand cloud resources could be the key to unlocking doors for your nonprofit.
Benefits aside there are still rainy day risks involved with cloud driven solutions. Confidentiality and security are among the top two risks facing organizations today. Some of this concern may stem from not being able to physically see the machine housing your data. In order to mitigate the risks be sure to do your due diligence when selecting a service provider. Be sure of their use of security tools including virus and hacker protection. In addition, hesitation may come from fear of change to well-known processes. Remember vision leaks. Communicate the benefits of the transition to the team – specifically time saving benefits such as fewer hours spent commuting to the office to obtain files that will be made available at the touch of a button.
As you adopt cloud technology it is important to look at how your business processes and technologies work together to ensure optimal results. Here at Beck & Company’s Certified Public Accountants and Business Advisors we want to help you succeed. Contact us today to see how a cloud computing solution can help advance the mission of your nonprofit organization.