How Cloud Accounting Saves our Clients Time and Money  - NM Group News

How Cloud Accounting Saves our Clients Time and Money 

Category: Accounting

Save Time and Money with Cloud Accounting

When our clients join us here at NM Group, they become part of our growing family – and we make it a point to take care of our people. We’re always on the lookout for ways to stay at the forefront of developments in accounting, and love to save our awesome clients time and money. Cloud accounting software is just one of the tools that helps us to do that; we’ve talked about cloud accounting more generally in one of our earlier blog posts, but today we’re going to zero in on the software we use to get the job done – Xero. Right off the bat, we can tell you that Xero is simple to use and very visual – but here’s a closer look at why we think this one’s a real winner for us and for our clients.

 

  1. Your finances on the go

You can use Xero on any device, whether you stick to your desktop or download the app to your phone. That means that you can be productive on the go and stay on top of the financial side of your business wherever you are in the world (as long as you’ve got access to the internet, of course). Xero allows you to get an accurate, real-time view of your company’s cashflow, so you’ll always know exactly what’s going on and be fully informed when it comes to making  your next business decision.

 

  1. Save time and get paid faster

Thanks to Xero’s mobile invoicing, online payment facilities and automated reminders, you can take the hassle out of creating and sending invoices to your clients, and cut down on costs by doing it yourself instead of passing it on to your trusted accountant. Get paid faster, save time, use your accountant’s time more efficiently, and cut down on paperwork with automated bank transaction imports, reconciliation, payments and more. With Xero on your side, chasing after pending invoices is a thing of the past. Oh, and when it comes to payroll, you’ll save even more time (and money) by minimising the need for manual data entry with maximum compliance through Xero’s combined payroll and accounting facilities. Simple!

 

  1. Collaboration central

Working as a team is a big part of day-to-day life here at NM Group, whether that means collaborating with our colleagues or working hand in hand with our clients to help them thrive. Xero allows you to collaborate with your accountant, bookkeeper and fellow team members with ease; all you have to do is invite the right users to work with you on your business. Each profile gets access specifically to those areas of your business that they need to do their job, and it’s all up to you. Plus, our staff is fully Xero-certified, which means we’re not only pros at using it, but we can help you become a pro too!

 

  1. Serious data security

You have absolute control over who sees what. Xero allows you to decide who has access to your company’s data, and what kind of permissions each user profile enjoys. Other users can only get access through an invite that you send, and the software employs high-level, third-party services in the US to host all its online and mobile services. That means that any personal info is safely transferred to servers in the States, with all the necessary legal agreements in place to ensure everything is in line with EU regulations.

 

  1. Keep hackers at bay

One of our favourite things about this software is that all your business data is backed up and protected with layer upon layer of top-tier, industry-standard security and data encryption. As an added security measure, Xero gives you the ability to use two-step authentication as an added barrier to your sensitive information. This method is trusted by many prominent internet banking/online services, and makes it a lot harder for hackers to do their dirty work. If anything suspicious is detected in your account activity, Xero takes action and raises the alarm right away.

With five benefits like these, you’re probably kicking yourself for not discovering cloud accounting sooner, right?

Do you want to know more about how NM Group can help you take things to the next level? Get in touch with us today and let’s have a chat about it!

While we really love Xero, we love our partners Sixteen Consulting even more for introducing us to this incredible software.