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The AKA Knowledge Blog

CAP's - Cloud Accounting Platforms


CAP's

As accountants we are told that we are prone to use jargon, so today we thought we would accommodate in this myth and start referring to Cloud Accounting Platforms as CAP's.

Over the past few months we have found we tend to lose the conversation when we through such words as cloud, accounting, platforms but put a baseball spin on it and the conversation is a runaway success.  So from that we wish to introduce you to CAP's.

Like a baseball cap, CAP's can be a great edition to your business and investments.  Like a cap, CAPS are very light weight (due to the fact they rest online), low maintenance (your provider takes the hit for this) and travel very well (they do not tie you to a fixed location, as long as you have internet your good to go).

So by know you are probably thinking, what are they are on?  Well we are on a Tech High.  See at AKA Group we love technology and in particular how it can help our clients gain greater efficiencies and financial wellbeing. 

What are the benefits of CAP's:

  • Stores your financial data in the one accessible location
  • No ongoing maintenance by you or your IT department to keep updating to the latest version
  • No lost data because someone forgot to update the backup system
  • Your location at time of accessing is not an issue
  • Access your data from your favourite device, be it smart phone, tablet, laptop and if you insist a desktop
  • Issue and get paid on the spot, no need to go back to the office for a team member to raise an invoice and send
  • Reduce the paper clutter sitting on your desk, your passenger car set or worse still your car boot (you know who you are)
  • Reduce the duplication across your business, allow CAP's to centralise your database
  • Gain real time data on your operations, not 3, 6 or 12 months down the track – arm your team with knowledge to hit those Key Performance Indicators
  • Free up your team to do value adding tasks rather than data entry
  • Let your team do the hard work regarding payroll – stop spending hours tracking hours worked, leave taken, rostering etc.
  • CAP's allow for cost effective scalable solutions as your business grows and your needs change
  • They allow you to spread your wings, the globe is now your oyster not the 5km radius from your business location
  • CAP's help you to track and monitor your investments easier without that end of year rush to collect all your rental, dividend and other investment data

We could mention a number of CAP provider's names, but we believe that for every business owner or investor there is a specific CAP that fits them like a glove. 

So please contact us at caps@akagroup.com.au or give us a call on 1300 668 280 and allow us to fit you with the best CAP to take you to where you want to be.

 

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