Small and medium-sized businesses (SMBs) are often driven by a passion or cause – not spending hours on accounting and financial management.
SMBs face many financial challenges that affect cash flow including hiring new employees, increasing profits, employee healthcare, growing revenue and properly managing expenses.
Fortunately, technology has changed the game for SMBs. In the last decade, new technologies have enabled SMBs to compete with large enterprises.
Technology is only part of the equation. Accounting as a Service (AaaS) is a hybrid solution that combines services with accounting software; thus, the client can enjoy the benefits of professional expertise and leading cloud technology. This lays a great foundation, allowing companies to focus on revenue generating activities. They are able to focus on future growth instead of being stuck analyzing the past.
10 Benefits of Accounting as a Service
- Real-time visibility to your business performance via dashboards
- Reduce financial risk
- Increase productivity
- Be audit ready at all times
- Improved process flow and automation
- Eliminate staff turnover
- Cost savings
- Increased security
- Reduced IT headaches (upgrades and maintenance)
- Integration with your other applications to eliminate information silos
Interested in learning more?