17 Sep Distribution Companies Can Benefit from Moving to a Cloud-Based Accounting System.
Accounting and finance are important aspects of any successful business in the distribution industry. As software solutions continue to move to the cloud. Those designed to simplify financial tracking and accounting for manufacturing and distribution companies. Moving your accounting system to the cloud comes with many benefits, including time savings, increased flexibility and accessibility, improved accuracy, and lower costs.
Accounting and financial management can take significant time, something a distribution company owner or leadership team member may not have. Manual processes can slow down the distribution process and increase the risk of errors. Transitioning to an effective software system automates accounting processes, freeing up time for team members to focus on other aspects of running a business.
Increased Flexibility and Accessibility
One of the key benefits of moving to a cloud-based accounting system is the increased accessibility. When you’re running a growing business, getting all the work done during regular business hours when you’re in the office can be challenging at times. Having access to your company’s financials anywhere at any time is a necessity for many business owners. Knowing that key information is stored in the cloud and easy to access with any device and from any location can provide peace of mind.
Manual processes also lead to mistakes. Human error is all too common, but when it comes to the financials of your business, mistakes can be seriously detrimental. Cloud-based solutions automate tasks that were previously handled manually, ensuring accuracy and improved data quality.
Fewer resources are required to support a cloud-based accounting system, which means your costs can be lower. The savings come in the areas of staff time, especially in the IT department, as well as infrastructure. You don’t need massive servers to store data or computers designated for storage. Instead, you can get access to the financial information, reporting, and resources you need from a cloud-based accounting system.
As you take a closer look at the options available to your distribution business, review the offerings from Acumatica Cloud ERP: Business Management Software. All business processes are fully supported, including those related to accounting and finance. Discover how Acumatica Cloud Management could be the right solution for your business.