Techblog
Why SMEs today need a cloud-based accounting software
Today, 44 percent of SMEs in Singapore use accounting and finance solutions. However, business owners are realising that the future is online, with cloud-based accounting solutions like ABSS Premier online replacing traditional desktop-based software.
Why invest in the cloud?
With today’s fast-paced business environment and connected devices, work is no longer just limited to the desk from 9 to 5. Traditional software is seen as cumbersome for businesses because it is limited to the computer it is installed on. Business owners, particularly SMEs, need the flexibility to work anywhere they need to, because their top-of-mind focus is to manage and grow their businesses.
Cloud-based software and applications breaks the limitations of traditional desktop software, letting businesses access efficiencies of being connected with flow-on gains in productivity and revenue.
Calling it “a platform for extremely rapid growth in a world of open markets”, Deloitte found cloud technology delivers higher profits for SMEs. More and more of Singapore’s 187, 000 SMEs are switching to unlock the benefits of the cloud and gain an edge over the competition.
Benefits of cloud accounting tools
Almost 54 percent of Singaporean SMEs already use ABSS, a desktop-based software for their accounting needs. But having a cloud-based accounting solution gives them the functions of traditional software plus all the online benefits.
This is why Singtel myBusiness, in an exclusive offering, is harnessing the power of the cloud to launch ABSS Premier online, bringing to SMEs the benefits of:
Greater access on the move
Since the ABSS Premier online solution sits on the Microsoft Azure cloud platform, data are stored securely on servers and accessed over the internet. It only takes a few clicks to view crucial business insights in real time from any device. With a 99.5 percent SLA uptime, this anytime, anywhere visibility of accounting information enables owners to make decisions on the go.
Better security
ABSS Premier online constantly saves the data as a user works, until the user is logged out, to safeguard data from being lost. Automatic updates for security and compliance provide peace of mind and reduce the need to monitor policy changes.
Dedicated support
ABSS Premier online also provides a dedicated helpdesk 10 hours a day, 6 days a week, including phone support which is unique to this version of the solution.
Quick and easy initiation
SMEs migrating to this solution can get up and running with ABSS in a short time, with pre-defined charts of relevant accounts ready upon selection of relevant industries. An easy-to-use dashboard shows accounting workflows in terms simple enough for beginners to understand
Multiple company profiles
Multiple company profiles on a single subscription facilitate better collaboration within the organisation especially if they have to submit more than one set of accounting files for different businesses registered under the same owner.
Savings and scalability
Another attraction of ABSS Premier online for SMEs is its pay-as-you-go pricing. This replaces the need for heavy upfront investment of capital, which previously made enterprise-grade tools unaffordable for smaller companies.
ABSS Premier online, presented by Singtel myBusiness, brings the power of the cloud to an accounting tool already popular among SMEs, equipping them with:
- 24/7 anytime, anywhere access and from any device or platform.
- Automatic backups with 99.5 percent SLA uptime.
- Dedicated helpdesk including phone support 6 days a week.
- Multiple device access and company profiles through a single subscription.
- An easy-to-use interface with simple terms to explain workflows.
To find out how you can enjoy the benefits of ABSS Premier online, click here.