1. Cloud Ensures Backup and Disaster Recovery
Tax data on the local system is always prone to permanent loss due to various reasons like data theft or software damage. Regular data backup or disaster recovery solution is one of the reliable ways to protect your data. However, most tax professionals and CPAs find it a little heavy on their pocket and are usually ignorant to take these steps.
With Drake cloud hosting, you will get automated and secure data backup stored in multiple locations on a regular basis. Therefore, even if you make small changes or accidentally delete some files, you can easily recover them.
According to research by Aberdeen Group, SMBs are twice as likely to adopt a cloud-based backup and disaster recovery solution. It was also noted that cloud hosting helps businesses save time and huge upfront investments in servers to store data.
2. High Uptime and Always-availability
As firms become reliant on business applications to run their key processes, downtime can be disastrous. The competent Drake hosting providers are reliable in offering their cloud services and maintain an uptime of 99.999%. They also offer an SLA (Service Level Agreement) which assures 24/7 availability. As long as you have an Internet connection, you can work from practically anywhere.
As the overall cloud system interconnects multiple servers, in case of a server failure, the other server takes over automatically. This ensures a smooth and continuous performance of your tax software.
3. Increased Collaboration in The Cloud
If your tax process involves more than two users, then making collaboration easier should be your top priority. After all, there is no point in having a team if they cannot work as a team. Drake Hosted tax software makes collaboration among team members easier.
As teams can work remotely through the cloud, they can access, edit, and share data from anywhere in the world. Cloud also makes it easier to share your records in real-time with your clients. This helps tax professionals reduce time-to-market and improve their services.
Cloud PC adoption is increasing rapidly, and it doesn’t take long to see why. According to research conducted by the market research company, Vanson Bourne, many factors are driving the adoption of cloud technology. It was found that businesses that adopted cloud computing experienced 20.66% average improvement in time to market, 18.80% experienced increased efficiency and about 15% cost reduction.