One of the most complicated industry sectors is the construction industry.
If you own a construction firm or are associated with the accounting and working of a construction firm, there is a world full of activities that you need to complete. If you manage to stand up to the expectations, you receive favorable returns, much more than any other industry.
However, significant roadblocks include stringent regional laws and low acceptance of the technology.
You can overcome these hurdles by adopting a robust accounting solution QuickBooks Enterprise and hosting it on the cloud. It has been observed that QuickBooks Enterprise with hosting is the perfect solution for construction businesses.
Benefits of QuickBooks Hosting for Construction Businesses
If you want to enhance your profitability by tracking costing and gaining visibility into your projects, QuickBooks Enterprise hosting can assist you. Let’s see how:
1) Anytime, Anywhere Access
We think this goes without saying that the biggest benefit of cloud hosting is the ability to access the QuickBooks Enterprise remotely. Considering the type of work in the construction firms, owners and business employees are never placed at the same location. They don’t always stay in the office. These stakeholders frequently visit the construction site to supervise the progress of a project.
In these situations, having remote access to accounting only supports their work. They get the ability to check their accounts and books anytime they want. They just need to log in to the cloud instance from their mobile devices and access the critical records.
2) Cost-Effectiveness
Having a construction firm in itself brings multiple money challenges. You need to invest a considerable portion of your money in managing and arranging raw material. Hence, it only seems logical to cut costs when you can.
Fortunately, QuickBooks Enterprise hosting helps you save money on your accounting related investments. This is a major reason for migrating to the cloud. As a construction firm, you can save money on your IT infrastructure, including hiring IT staff, managing hardware, upgrading software, in-house automation, etc.
With cloud hosting, you can hand over all these costs to the service provider and pay for what you use. You don’t need to hire a full-time IT team to look after your applications and manage them.
When there’s a need to scale, there is no need to purchase additional hardware or software. You can simply call your service provider and get your requirements fulfilled. Similarly, during the off-season, you can easily descale your needs and save your money; this is impossible with in-house working.
You don’t have to spend your resources on security and disaster management, which the hosting service provider also handled.
3) Effective Data Access
If you use your traditional desktop-based solutions, then downtime is inevitable. You simply can’t keep your desktops running all the time. This is because hardware units fail, and there are various reasons for it:
Malware attack
Wear and tear
Stuck system upgrades
System crashes
Program crashes
Outdated software
Outdated hardware
Low RAM
There are many reasons for your hardware to fail, but that is not the case with your hosting solution.
You may be wondering why right?
Your hosting provider has multiple servers backed by infrastructure redundancy. Hence, most hosting providers offer at least 99.99% uptime - you may have to face only a few minutes or hours of downtime in a year.
How does this work?
Any hosting provider has multiple servers containing the same data. All these data servers are in different locations. If a server in area A fails, you get access to the server in location B. The risk of downtime is easily mitigated, something which we cannot quickly achieve in in-house systems.
4) Automated Backups
Cloud hosting also comes with automated backups. You don’t need to sit across the computer waiting for your files to back up on a disk so that you can securely put this HDD away. With a cloud service provider, you don’t need to do that anymore. Your backups are automatically taken and secured in various servers.
With backups, your data is secure. Although many construction firms doubt security, the cloud is more feasible than your in-house management. Your in-house data can be stolen in multiple ways, such as theft, malware attack, etc. The cloud provider needs to cater to other clients as well, so they have automated AI-powered monitoring systems, stringent security rules, a robust structure, and an advanced auditing team.
Can anyone surpass that kind of security?
5) Disaster Recovery
Since you get regular automated backups, disaster recovery is smooth in the cloud. Even if your office were to face something unfavorable, you would still have the ability to recover your cloud data almost as soon as you want it. If you have an internet connection, you can access your files and data anytime you like.
So, in a way, disaster recovery of the cloud is lightning-fast and hassle-free.
Conclusion
From automating backups to receiving optimum support, the right service provider can make your job easier. In the construction business, you may already have a lot on your plate. To avoid dealing with poor accounting, utilize QuickBooks Enterprise hosting, and gain the ability to reduce costs, and improve your power to access QuickBooks anytime, anywhere. Don’t forget to research a bit on the service provider to get the best out of this investment.
