Innovation for Business

There is a lot of information around at the current time regarding innovative technology, but the biggest headline has to be the growth of cloud-based IT models, a transforming and accessible way for small businesses and new businesses to access excellent IT technology that has previously been exclusive to large businesses and organisations. Cloud technologies are simply those IT models that can be developed and accessed online making more traditional and expensive IT options a thing of the past.

Top of the range IT solutions in the traditional sense, come at a price and for smaller businesses they are not a viable option. In the current economic market and a ‘spending cut’ phenomena spreading all through the country businesses are reluctant to spend excessively for IT. The downside to this reluctance is that companies can become stuck in the mud with out-dated traditional IT software that keeps them firmly fixed in traditional methods of business operation.

Now is the time for smaller businesses to realise the advantages of utilising online business systems. For instance, online accounting software is an affordable technology, requiring an inexpensive monthly installment to secure a high-end IT technology that keeps business operating smoothly. If people need convincing then the interest that Microsoft have, in developing cloud based software packages should go some way to reassure business owners. There is currently excellent cloud, online accounting systems available – so there really is no reason to hang around. As new businesses grow a simple online company accounting system is a must. Companies that do hesitate run the risk of being left behind and seeing companies utilising online IT and accounting systems, prosper.

It is also exceptionally important to realise that during times of recession many people will be thinking about striking out on their own business venture, identifying gaps in the market and benefiting from those gaps using savings or redundancy payments to fund new initiatives. Online IT may not be at the forefront of their minds, neither may recording the company accounts other than in terms of more traditional methods of book-keeping. It is essential that the profile of online technology and particularly online accounting software is heightened to ensure success for these new small businesses.

Even people striking up on their own and not thinking of employing others should take the initiative and seriously consider online IT solutions and business accounting technologies. Software that is accessible 24/7 from any computer with an Internet connection, peace of mind regarding security in terms of login and backups and online up to the minute correct data (no need for time consuming software updates and downloads) has got to be ‘great for business’.

BASDA (Business Application Software Developers Association) Special Interests Group is also backing and recommending cloud initiatives and there is lots of advice around regarding the successful setting up of a new business, including information from the Federation of Small Businesses, Her Majesty’s Inland Revenue together with cloud accounting software suppliers and developers. Keep up to speed with the developments and do not get left behind under grey, rain-filled clouds – the future should be a white cloud with a silver lining.