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Aug 27, 2008 Home > Articles
 
Tight Operating Budget? Try Hosted Accounting Software
by Gabby Hyman, Author, VendorGuru

Hosted accounting solutions have joined the ranks of reliable online financial management and enterprise resource planning software (ERP) in helping large, medium, and small-sized businesses meet their bottom line. Application service providers (ASP) allow any sized enterprise to connect through its existing network, granting all members of the organization--or a designated subset--instant access to critical financial data.

 

With the price of individual user licenses for financial software often outstripping the budgets of small or medium-sized businesses, hosted accounting solutions provide a great alternative, lending a balance of affordability, 24x7 support, and built-in security. Other immediate advantages include reduced internal IT and operating costs, easy integration, and experienced management and staff software training--all without having to bring additional personnel onboard.

 

Easy Software Access and Accounting Support
A hosted accounting software program can be made available to designated employees through a standard Internet browser and encrypted password system. Your financial data is saved and backed up onto your ASP host server. Your entire enterprise now has a centralized financial management system, a data repository, tools for project tracking, accounting records reporting, and instant database analysis available at any time your employee logs in.

 

Depending on the solution that best matches your budget and business scale, your hosted accounting software can include logging and tracking tools for invoicing, expense reporting, accounts payable and receivable, ledgers, payroll, and check writing across the enterprise.

 
 
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Accounting Software Customized to Fit Individual Needs
Many hosted software solutions provide your designated accounting, management, or budget employees with integrated email notifications, automatic and routine financial reports delivered across the network, one-stop scheduling with project milestones and resource management updates.

Personal accounting dashboards on a standard Web interface mean your employees won't have to adapt to a steep learning curve. And most hosted accounting software providers can create a customized fit of products and features that blend with your business sector, your reporting needs, and standardized operating routines. Many customers find that the hosted solution saves time, effort, and money without creating employee resistance or costly delays.

 

About the Author
Gabby Hyman has created online strategies and written content for Fortune 500 companies including eToys, GoTo.com, Siebel Systems, Microsoft Encarta, Avaya, and Nissan UK.

 
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