6 Benefits of Cloud Computing Technology for SMBs
June 15, 2022
In a world where everything operates in the digital world along with a growing remote workforce, the use of cloud computing has become essential for many businesses. Cloud computing isn’t a brand new trend, but it does seem to be one that is growing in popularity. And if you're a small business, the benefits you get from this technology are beyond what you can imagine. Let's look at some of those benefits:
1. Data Security
The main reason why businesses choose cloud computing is the security of their data. These business owners no longer have to worry about safeguarding information and other vital pieces of data as they are now stored in a remote server and not in an on-premise one. This also means that information can directly be accessed by remote workers, too, and not just those who are physically present in the office.
In cloud storage, data is encrypted and stored in different servers across the globe. So, even if someone tries to hack into the data, they cannot because they are not all stored in one place.
2. Workspace Sharing
It is not always necessary for all the employees in a small business to work in the office. It is also possible that some employees need to work from home or in other locations. With cloud computing, it is possible for a company to provide access to its data to its employees by sharing the company’s workspace. This means that employees who are not in an office can still access important information like documents, spreadsheets, and presentations in real-time.
Most small businesses do not grow at a rapid pace. They have to start early and build their business brick by brick. However, new issues and problems can come up as the business grows and more employees are added to the mix. This is why scalability is a good thing. It allows the company to adapt to the changes that come and keep up with the demands of the employees.
When a business adopts cloud computing technology, it is possible for the business to add more resources to the server in just a few clicks. This is an advantage for small businesses as they do not have to worry about resources. Instead, they can focus on their core business.
4. Better and Efficient Communication
Let’s face it, communication is very important in any business. Whether you are a small business or a big one, you need to have a communication tool to work well with employees, stakeholders, suppliers, and clients. Cloud computing allows a company to create an internal social network so that employees can share information and communicate better.
Email also becomes obsolete as all the employees can share files in real-time. They can also share other information in a very easy manner.
5. Business Continuity
When you are a small business owner, it is crucial to make sure that your business is available in case of a disaster. Cloud computing technology allows businesses to create backups of their data at regular intervals. This data can be restored in case the original data is lost.
It is also possible to shift the data to another location in case of an emergency or disaster. So, the business is still operational no matter what happens.
6. Cost Reduction
For a small business, cost reduction is always a good thing. Business owners do not like to spend more than is needed. Cloud computing allows businesses to cut back on costs as they do not need to invest in new hardware and software to store and access their data. This can also reduce the business's carbon footprint and save on operating costs.
For any small business owner, cloud computing can be a great decision. It allows them to save money, keep the business running smoothly and also allow them to reach out to a larger audience. If you are a small business owner, you must use this technology to its fullest potential.
Embracing cloud computing starts with using cloud-enabled software designed to streamline your workflow. This is where Firm360 comes into play. We give you an all-in-one accounting practice management software that you can use and integrate with other cloud-enabled tools. Book a demo today and discover Firm360's features.