There are more cloud-based solutions available now than ever before, so find out what you need to know about working in the cloud.
Increasingly, there are cloud solutions to meet nearly every business need. You can get cloud-based accounting software, document management applications, CRM software, project planning software, and more.
Get to know the landscape
Not only can cloud solutions replace your on-premises systems, but they can provide additional value, too. Here’s what you need to know about cloud infrastructure and the wealth of benefits it can provide to your company.
Ease of access
Cloud-based systems are services that are hosted on the internet rather than on local servers or personal computers. This means you can access them anytime you have an internet connection.
If you’re a landlord, you can look up tenant information while visiting your properties or send financial documents to a lender when you’re out of the office. Your employees can complete tasks remotely from their laptops. This level of accessibility is a huge step up from filing cabinets and Excel spreadsheets.
Rapid scalability
One of the benefits of working in the cloud is that you can scale quickly and easily. Most cloud-based software solutions are on a subscription model. You’ll pay more or less depending on your needs, and you can change your plan whenever you want. You won’t have to purchase more hardware as you accumulate more data. You can digitally scale your cloud-based solutions up or down as needed.
In the case of cloud-based property management software, you might pay per number of units you manage. If you purchase another property and suddenly have ten more units to manage, you can simply scale up your plan to meet your needs.
Customization capabilities
No two businesses are the same. If you don’t have all the tools and functionalities you need, you can add them digitally.
For example, let’s say you use QuickBooks Online for accounting but you need more specialized capabilities for your commercial real estate business. You can integrate it with a total commercial property management platform and get all the tools you need in one place.
Potential cost savings
Solutions such as cloud-based accounting software can save you money. Not only are there affordable options for the software itself – it can help you make smart financial decisions as well. Additionally, there are no upfront investments in terms of purchasing infrastructure.
Moving to the cloud can be a big transition, especially if you’ve been using the same system for many years. However, if you choose the right solution for your business’s needs, you’ll be glad you made the leap.
We hope this shined a light on what you need to Know About Working in the Cloud. Using STRATAFOLIO and QuickBooks online to manage your commercial real estate will give you even more benefits than the ones listed in this article. Schedule a demo today to find out how much more we can help.
