Proper financial management is the key to success in each and every industry. Whether you are running a business in the accounting firm or in the FMCG industry, you will need to have a proper financial management protocol in place in order to get expected results from your efforts.
You should know that large businesses can’t rely on pen and paper because the amount of financial data they have to deal on a daily basis isn’t manageable on papers. This is why large businesses rely on accounting software.
But all the accounting software solutions in the market are not good and when it comes to managing accounts of large businesses, then the first accounting solution that pops up in the mind is QuickBooks Enterprise hosting.
QuickBooks Enterprise is one of the editions of QB accounting software and it is the best in the series. The QB Enterprise has been specially designed to manage the accounts of medium and large sized businesses. All the best accounting features that you wish to have in your accounting software are available in QuickBooks Enterprise. But instead of using the accounting software by installing it on your desktop, large businesses are hosting it on the cloud.
So, let’s see how QuickBooks Enterprise hosting is good for large businesses and how they can use this robust accounting software for managing finance in a better way.
The software power
More processing power
One of the biggest advantages of using this robust accounting software solution is more processing power. If you are running a large business then you must be aware about the amount of financial data that you have to deal on a daily basis. You can’t just rely on 1 or 2 accountants for managing your finance because the amount of data is very large. But in addition to human resources, you will also need to take advantage of the accounting software solution and use only that type of accounting software that is capable of managing and processing such a large amount of data.
Well, QuickBooks Enterprise hosting fits in like a glove in this need of giant business. It has more processing power than all the other accounting software available in the market and that’s why large businesses love it. With more processing power, you are able to work with large amount of data without any hassle.
Advanced inventory management
Another big advantage offered by this popular accounting software to large businesses is advanced inventory management features. You should know that large businesses need a centralized system for managing their inventory and finance from a single point and this is what this robust accounting software offers. From tracking inventory in real time to barcode scanning, you will get everything you need to manage your inventory in a better way. You should know that no other accounting software offers this type of advanced inventory management feature.
Industry specific reporting
It doesn’t matter whether you are working in the retail industry or in the non profit industry, QB Enterprise will fulfill all your needs. The industry specific reporting is one of the most unique advantages of this powerful accounting software. You can generate reports in this accounting software as per your industry and can have better information regarding your financial performance.
The hosting power
Large businesses always have more than 30 employees and that’s why they need to have proper collaboration when it comes to managing accounts. If you will using the hosted version of this software then collaboration will become seamless. The multi-user access feature will allow multiple employees on your organization to work on the books and other financial operations without any hassle and they will always get real time updates. The employees working on the hosted version of the software don’t have to send data back and forth in order to work on a file. This also wipes out the chances of errors in financial management.
The safety of the financial data is one of the biggest concerns for most of the large businesses and breach in financial data for large businesses means complete disaster. If large businesses will start using cloud hosted version of this amazing accounting software then they will be able to get complete security from each and every type of data breach. You should know that cloud hosting comes with multiple layers of security like two factor authentication, encrypted data, anti-virus, anti-malware, firewall protection and much more. On the top of all that, the cloud vendor keeps monitoring on both virtual and physical levels. This is why large businesses are using QuickBooks Enterprise hosting without any second thought.
One of the most talked about features of the hosted version of this advanced accounting software is global accessibility. If you are running a large business then you need to have access to your financial system even from out of the office. The current market has become very competitive and you will always need to stay on the top of the competition with solutions like global accessibility that can only be achieved through these types of accounting solutions.
As you can see, QuickBooks Enterprise hosting fits perfectly in the needs of large businesses and this is the main reason why so many businesses are moving to this advanced accounting software in a very large number.