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5 Benefits of Cloud-Based Accounting for SMEs

5 Benefits of Cloud-Based Accounting for SMEs

Cloud-based accounting has all the benefits and everything an SME needs – flexibility, mobility, productivity. With real-time reporting and financial transaction updates, accounting is now easier.

Cloud-Based Accounting + SME Benefits

Cloud-based accounting has all the benefits and everything an SME needs – flexibility, mobility, productivity.

Especially in 2020, we see first-hand the importance of keeping up with technology. Businesses who have already adopted cloud-based accounting will not find it difficult to continually provide real-time reporting or updating financial transactions.

In other words, business as usual!

Here are the 5 Benefits of Cloud-Based Accounting:

1. Anywhere, Everywhere

Cloud-based accounting allows you to access your financial information from anywhere and everywhere. By receiving and providing data on-the-go, you can now make better decisions.

In a few clicks, you can answer questions like “Have this customer paid me?”, “How much sales did we make today?”, “How much do I need to pay a supplier?”.

In addition to that, before deciding on a cloud-based accounting system, find out if it is only a browser-based software or it has a mobile app. The smartphones we carry around with us every day is our true companion, so we need to leverage it properly in our business operations. Mobile apps are the way forward!

2. More Time, More Money

You can save your business a huge amount of time by having multiple users who can access and update data at the same time. Rather than waiting for information, updating it then returning it, cloud-accounting allows you to do that in an instant!

Traditionally, salespeople must travel to the office to submit paperwork like travel expenses. By freeing up the time spent on travelling, you are helping your employee focus on the tasks that matter, in this case – sales.

3. Work Closely with Your Accountant

If you are outsourcing your accounting to an accountant, having a cloud-based accounting software gives you more visibility on your financial statements.

You do not need to wait for the statements to be sent to your email, just get on the browser or app, and there you have it.

Also, it gives you more control over your business, ensuring that transactions are done properly.

4. Fast Reconciliation

This is where the true power of cloud-accounting is. Linking your bank accounts to your accounting software helps automate the bank reconciliation process.

This process saves a lot of time and minimizes errors that can happen. Your accountant will thank you for this.

5. Scalability

All businesses want to grow. If you have 2 employees today, you are looking at a future where your business needs 100 employees to operate.

Many cloud accounting software allows you to upgrade your package once your accounting needs increase. But here is where we at Enterpryze takes pride in.

In addition to adding the number of users, Enterpryze has more functions to help your business manage more complex functions.

The additional features include:

  • Client Relationship Management (CRM)
  • Inventory Management
  • Delivery Scheduling
  • Advanced Procurement & Sales and more

Enterpryze BMP

Enterpryze BMP is designed for companies that manage inventory and needs more features than a standard accounting solution. It is designed for businesses to manage all their core process in one solution.

If you’d like to understand more about our packages, feel free to speak to our customer support team.


Downloadable business resources

Browse through our whitepapers, eBooks and more free resources built for small to growing businesses.

Understanding the different kinds, techniques and benefits of inventory will help you manage, plan, and budget more effectively.

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Choose the perfect plan for you

For Startups and Super Scalers we have solutions to match your ambitions. Built in the cloud to enable seamless transition to give you the power to achieve your goals. Simple for startup with an attitude for ambition.


For accountants or business owners to track cash flow and profits

Features included:
80+ Financial Reports
Submit & Track Expenses
Bank Reconciliation
Aged Receivables & Payables
Most popular

For businesses who manage, buy, sell and deliver stock from multiple warehouses

All in Accounting, plus:
Multiple Warehouses
Real-time Stock Report
Batch Traceability
Inventory Forecasting
Purchase Automation

For super-scalers to manage all business processes from one place

All in Inventory, plus:
Sales Opportunity Pipeline
Service Calls & Delivery Tracker
Advanced Purchasing and Sales
Mobile Apps for Field Staffs
Custom Fields
SAP B1 Add-On

For companies looking to extend the reach of SAP B1 to more employees

Features include:
Syncs Real-Time
Secured & Cloud-based
A Suite of Mobile Apps
Manage Expenses, Sales and CRM on-the-go
Connect to Banks & eCommerce stores

Be a better business with Enterpryze

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