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A study from Exact (looking at 3,000 SMEs across the UK, France, Germany, the Netherlands and Belgium) found that SMEs who use more than three forms of cloud software achieved more than double the profits of competitors who used fewer solutions.
The UK has the second highest number of people realising the potential of the cloud (27%, marginally behind the USA at 29%) and those using three or more cloud platforms achieved an average growth revenue of 26% in 2015. Exact found that figure dropped to 14% for those using one to two cloud products, and just 10% for those who didn’t use any at all.
If you want to boost revenue by 26% in 2016, here are three cloud-based solutions to put your business in the top percentile.
The Institute of Chartered Accountants encourage small businesses to seek-out software to help them get on top of their finances. Thanks to cloud technology, small businesses “no longer need to key in their accountants’ adjustments, or worry about what will happen if they have not done so accurately. And while accountancy firms may already have strong business continuity measures and information security procedures in place, many of their small business clients will not, so the online approach to accounting can offer big improvements in these areas too.”
Free services include Wave Accounting’s small business accounting and invoice software, designed for entrepreneurs who have little accounting knowledge. Sage also have a £10 a month plan (plus a free 30 day trial), and FreeAgent offer diverse options such as Expenses, Invoicing, Time Tracking and Payroll in their accounting platform.
Cloud software allows SMEs to store and access data, files and information over the internet, rather than on an offline server, or on their laptop and desktop. If you’re away from the shop, or closing up your B&B for a weekend, all your must-have documents could be accessed from your smart phone, or even shared with a member of staff to manage in your absence – and you could log in and double check in the blink of an eye without the hassle of save, close and send.
Google will store any kind of file online, in a secure and easily accessible environment. Whether you’re producing InDesign documents for promo flyers, spreadsheets for your accountant, sound files for local radio, or words for your website, all you need to do is login using a Gmail address and upload the file. If you need to share the file with anyone, simply click ‘share’ and add their email address. You can both access the document and edit it live.
Cloud software serves as an invaluable back-up for when things go wrong. No longer will server errors or motherboard melt-downs eradicate hours of work, or years of archived data! Mozy helps protect your business from data loss, backing up every file you create whether it’s saved on a server or archived on your laptop or computer. Archiving old information will also give you breathing room to expand what you’re storing.
"Very easy. Bea Luseni very efficient & knowledgeable."This review was posted by Alan Duffy on the 31st of March 2017
Super helpful and easy to work with
"Recommend this company in a heartbeat - Nicole Borneuf was super easy to talk to, was not pushy in the slightest, very helpful and replied with all my questions very professionally and did all she could to help. I had to deal with a few companies to sort my business energy out, all but Nicole were too pushy for my liking and I refused to follow through with them. Thank Nicole - you are a credit to your company, thank you for making the stressful energy change so easy."This review was posted by Mia Drew on the 29th of March 2017
An Extremely Competent Company
"Switch my business has not only helped my SME secure a good energy deal for the second year running but Jessica swiftly found a alternative supplier for me when I was let down on the day of switching by the new contractual provider I had chosen some 4 months previously. Being suddenly out of contract and without provider is everyone's energy nightmare. Greatest thanks."This review was posted by S McMillan on the 29th of March 2017
Helpful, friendly and we saved lots of money!
"Jessica Purnell was helpful and friendly, she made the whole process easy and simple AND we saved lots of money thanks Jess"This review was posted by Melanie Baker on the 23rd of March 2017
Quick & Easy
"Kabibi was very helpful and the whole process was very efficient. The one small reservation I had was that I was phoned up by Kabibi almost immediately having received my online quote - which wasn't enough time for me to finish reading the quotes! Fortunately she was able to assist me in a greater savings on both Gas & Electricity, and so as long as the switchover is seamless I will remain very happy with the service."This review was posted by Amanda Brown on the 21st of March 2017