An IT Support Blog from London

Benefits of Adopting Cloud Technology for Accounting Firms

‘’Cloud Computing’’ could be akin to a tech buzzword that has been around for years. However, unless they have been living under a digital rock, accounting firms will be aware that cloud computing has finally moved from just another buzzword to a real tool for businesses.

According to a report by Intuit, almost 80 percent of U.S. small businesses will be fully adapted to cloud computing by 2020 with an increasing number of respondents currently using it or planning to within the next two years.

An increased compliance burden

The issue of increased regulation is a challenge to many businesses. The regulatory burden has been increasing; indeed, in stark contrast with the public sector slashing budgets, the powers and capability of quango executive agencies seem to have expanded.

Exemplary support for the compliance mission in the finance sector

Businesses operating in regulated sectors need access to technology that supports the compliance mission. When it comes to Professional Services organisations, technology and service providers need to be exemplary in helping to discharge regulatory obligations. Here we highlight how HTL Support provides the solutions to help accountancy firms get the best from technology while meeting compliance and following best practice.