Enterprise resource planning software is a mature technology that has adapted met the needs of new business climates over the years. Some may have the misconception that ERP accounting modules have remained relatively stationary when compared to other functions. However, cloud computing has actually sparked a great deal of innovation for the popular business accounting program as Linda Rosencrance reports for TechTarget.

Jeffrey Kaplan of E-Commerce Times notes that, "Winning the acceptance and adoption of the inherently conservative folks in finance has been a milestone for the cloud industry." Cloud ERP has allowed finance and accounting teams to adopt more sophisticated and up to date reporting methods and analytics to make more informed decisions. Maintaining financial data in a cloud-based ERP system lets accounting teams stay up to date with new requirements and ad hoc reports.

A legacy system would hinder such agility by requiring upgrades and maintenance in order to manage these new functions. There are many positives to managing your financial data with a cloud-based ERP, according to TechAdvisory.org. Financial data is easily accessible with any Internet connection, so your team is not tied down to office computers when they need to review and report on financial figures. That accessibility also comes with robust cloud security, which will keep data from outside sources. 

Legacy systems often need additional servers just to keep them going, at the expense of other functions on-site. A cloud-based ERP is hosted by an off-site provider, freeing up valuable server space for the company. Legacy systems also require expensive hardware and certified employees to maintain it, while cloud-based ERP systems can save the IT budget from such burdens.

Accent Software can help you implement a modern, cloud-based business accounting program that will enhance information access, improve security and foster flexibility for your financial reporting while offering training and continued support. Contact us to learn more.