Drake tax software is a professional tax management solution used by accounting firms, CPAs, and SMBs. The software helps tax professionals process the tax returns efficiently and stay focused on their core business operations instead of being jumbled up in unwanted tax challenges.
Drake software, when hosted on the cloud, provides even more benefits to the users. Below are some of the advantages of Drake hosted on cloud
1. Anytime, Anywhere Access to Drake Software
Accounting professionals now recognize the benefits offered by cloud hosting, and realization to host Drake software on the cloud comes as no bigger surprise. With Drake hosting, users can access the software from anywhere, anytime.
Tasks can be worked on multiple devices with an internet connection, irrespective of the location. As users are not tied down to a particular place, they have more freedom, mobility, and flexibility to work.
For a smoother workflow, users can work directly in files synced in the cloud, which means all the applications, data, and services are integrated into one tool, which is easily accessible from anywhere. Changes are tracked in real-time while both user and client can work in the same file at the same time.
2. Increased Security In The Cloud
One of the major concerns that most accounting firms have when it comes to adopting a cloud-hosted Drake solution is the issue of security with critical accounting and tax data from Dirty Dozen scams.
After all, when the data and files are not kept securely on-site, how can one assure their protection on the third-party server? If users can access their data remotely, then why can’t cybercriminal access the same?
For one thing, it is a full-time job of third-party cloud providers to carefully monitor security, which is more efficient than traditional systems, where a firm needs to divide their efforts, among many other IT concerns, while security being only one of them.
3. Drake on Cloud Ensures Backup and Recovery
It is recommended for every business to invest in robust disaster recovery to stay operational in case of an emergency. The loss of valuable information and files in the equipment like computer or a laptop is more troublesome than the loss of equipment itself.
Cloud technology provides greater security in such cases. In case your data is stored on the cloud, you can access to it, irrespective of what happens to your equipment.
It also creates a backup of files stored on the cloud on a regular basis. Your data is stored safely in remote data centers, and your Drake hosting provider knows how to recover the data if lost or accidentally deleted.
4. Cloud Lets You Pay-Per-Use
Drake software hosting allows firms and tax professionals to save huge on IT resources. How?
Cloud enables your firm to cut out the high cost of hardware. As cloud technology is set on a pay-per-use basis, firms would only need to pay for the resources and services used by them.
It gives flexibility as well as more customization to the companies to increase or decrease resources according to the requirements. It not only allows SMBs to gain a competitive advantage but also be cost-effective and transparent. Get to know more about the benefits of QuickBooks Cloud Accounting in detail.
I hope this information will be helpful!