Cloud-based Accounting Software Helps Manage Financial Risk Of Businesses During Uncertainty
The COVID-19 pandemic has put financial strain on all businesses. As companies buckle and plan over diminishing pipelines, employers are looking towards splitting work locations, shifts and even work from home arrangements which they have not considered previously.
Even before the pandemic, work has no longer been constricted to specific work sites in today’s fast-paced business environment as demands for increased productivity pushes for more flexible and mobile solutions. Cloud-based solutions shatter the limitations of working from a desk, in other words business owners and employees alike are no longer desk-bound, as it allows everyone to connect to the business and their work from any device such as desktops to mobile phones. Leaders as well as employees are able to work, update and have real-time visibility whenever and wherever they are.
Xero is a cloud accounting software that enables every business owner to manage their business – from creating and sending invoices all the way to assessing the business’ performance, generating financial reports and managing the cashflow. Working from a single platform, the Xero cloud software is accessible on all computing devices, from desktops and laptops to mobile devices such as a tablet or phone application, thus being ever ready in the palm of your hands, literally.
Real-Time Visibility Anytime, Anywhere
Being a cloud-based platform, Xero provides its users with real-time access via the internet. With over 100 banks on its bank feed integration feature, monitoring real-time financial transactions and live financial performance has never been easier. The transactions are imported securely on each business day for easy tracking of your cashflow on your mobile or computer screen anytime, anywhere (with an internet connection, of course).
Such convenience has never been more apparent during times like these where movement is restricted, and many are required to find alternative work arrangements such as working from home. Imagine having the ability to track a business’ financial position and to make critical and informed decisions whenever the time calls for it. With Xero, having this ability is no longer a thing of the future, in fact it is a much-needed thing for now.
Scalable and Modular, To Meet All Business Needs
Technology is always improving and evolving and more so now, with Industry 4.0 bringing faster innovation than what most companies can invest in order to stay ahead. Xero’s modular structure allows users to build the best fit platform for their business. With Xero, any business can integrate their accounting solution with many of the best online software applications as the business sees fit.
Manage billing, invoices and purchase orders on ApprovalMax (a Xero integration enabled application), digitise and manage receipts, invoices and documents on Hubdoc (another application add-on) or manage manufacturing processes with Unleashed (a supporting industry specific application that integrates with Xero), the options are endless. These are just a few of the many applications to build and support a business’ system and processes together with Xero.
Such a scalable nature allows for businesses to subscribe to solutions based on what is needed and when it needs it.
Store your business financial data in the cloud where it is encrypted by Xero to the same level of security used by banks. Information within Xero is converted into unrecognisable codes to prevent data breaches and the system runs regular security audits with round-the-clock monitoring to identify and manage any potential threats.
Business owners can also access, control, manage and track where each data was accessed across different geographic regions – providing that peace of mind or at least that one less worry that all owners crave for.
Remember, all this is attainable without having to fork out additional costs to build an IT infrastructure and system for such level of data security.
So, what are you waiting for? Join the Cloud-Enabled-Future with Xero and have full visibility on your company’s financials, wherever you are and whenever you want it. YYC is Xero’s 1st Platinum Partner in Malaysia, contact us now to find out how we can help you with Xero.