Digitalization has seeped into different spheres of our businesses, a stem of which is cloud hosting that has transformed the way you access business applications. A recent report confirmed that 79% of the individuals using cloud computing reported cost savings and improved security with cloud implementation.
If you are on the fence about migrating Drake Tax software to the cloud which is a business-specific use case, you might be weighing different pros and cons of cloud technology. One of the strongest reasons that can convince you to get started with availing Drake Tax software hosting is the ROI or Return On Investment. Involve the logical side of your brain in this aspect and you would want to know –
How does cloud hosting help increase work productivity?
Many organizations have found and experienced the benefit of switching to Drake hosting in a variety of ways. Let’s jump on different sides of your business that can benefit from using Drake-hosted software.
Regular software updates
Technology is in ever-changing states, and so is software like Drake Tax. With ongoing research on business needs, the software requires periodic upgrades to add more functional value to its existing feature set. The same happens with Drake Tax software too.
If you are using local-hosted Drake software, it implies you would need an in-house IT staff to take care of the software upgrade. Depending on the IT infrastructure established in the local environment, it may also require a certain downtime, hence making your team sit idle while the software is getting upgraded.
Drake cloud hosting takes this responsibility off your shoulders by catering to the software upgrade requirements. Therefore, you need not fret about the scheduled upgrade task, nor do you have to rely on your IT team to work on this aspect. As a result, this will save a lot of time and resources, which can be utilized to maintain and even improve overall productivity.
Preparing and filing taxes using Drake software within a local IT setup often turn out to be challenging. Multiple iterations and edits of the same tax file take a toll on employee productivity and often lead to high work stress, particularly during tax season. All this makes Drake-hosted software the much-needed solution for improved productivity at work.
With businesses handling cross-border operations, the need for efficient collaboration (whether your employees are working remotely or from the office) is quite important. Cloud hosting can help you fulfill this need to execute tasks better and faster. For instance, when your Drake software is hosted on the cloud server, all the members of your team can access the same tax files from their respective ends and make real-time changes. They can also access the same information and application anytime and from anywhere. The resulting improved collaboration will ultimately benefit your business in terms of better performance at work.
Data security benefits
When you choose to keep the tax data and application hosted on a local system, you may face the risk of information leaks, data theft, and hardware crash. Eventually, data breaches occurring in any form could cost your business a lot of money in terms of loss of clients and reputational damage. Also, data retrieval becomes a tough nut to crack in such instances.
However, if your company’s data and tax software are hosted on the cloud, you can benefit from the security measures deployed by the Drake Tax software hosting provider you select. In relation to financial implications, you might not be able to afford the expensive security systems for the traditional IT environment. The lesser the risk of data security, the more productive your workforce will be, knowing the fact that the security side is well taken care of.
Owing to the continued use of local IT setup, system downtime occurs quite often. In the meanwhile, the local-hosted data and applications become inaccessible. While scheduled IT downtime is one thing, it may also occur because of technical issues or human errors. The longer this downtime period prevails, the more productivity loss will occur. From hard drive failure to a sudden interruption in power supply or software configuration errors, there can be several reasons behind system downtime.
This can be best handled with Drake hosting with which you get dedicated cloud support to deal with possible downtime. Besides this, you will also benefit from SLA-backed uptime guarantee which can go up to 99.999%. This will ultimately minimize downtime and let the work productivity stay unaffected.
Improved work flexibility
Most organizations across the globe, including tax and accounting firms, have changed over time. Interestingly, work flexibility has become an integral component of highly productive workplace culture. Since the occurrence of the pandemic, employees across the globe now expect their employers to provide the flexibility to work remotely whenever needed. This is also backed by a survey that said 30% of the employees were more productive and highly engaged when allowed to work from home.
Allowing your employees to work remotely becomes easier when you have the Drake tax software on the cloud. You can benefit a great deal from the ability to access cloud-hosted data on the go. With enhanced employee productivity, it will be easier for you to plan for the next-level growth of your business.
Besides this, Drake Tax software hosting also allows operational agility. You can increase or reduce the server resources by simply changing your cloud hosting plan.
Easy to hire the best talent
In the current competitive environment, every organization wants to hire the best talent by providing adequate compensation. But the truth says that these days, employers do not pick employees. Instead, employees pick them after thorough research. With the flexibility to work from home becoming a new norm in different industries, many employees feel attracted to firms that include work flexibility as a part of the company’s culture.
With Drake hosting, attracting qualified tax professionals who are seeking remote work flexibility as an employment benefit will be easier for your firm. This way, you can compete well with the giants in your industry based on the talented workforce you have built.
Is Drake Tax Software Hosting Right for You?
Indeed, Drake-hosted software is highly beneficial for businesses. Your perception of its functional value depends on how much you know about its benefits and working. Combined together, all the aforementioned aspects are enough to justify the power of cloud technology to host Drake software. So, when are you calling a hosting provider to select the best Drake hosting plan?
Reference for Data Point: