Collaboration is key
Director of Accountancy Online, Kane Munro, started using the cloud in
2011 and has since expanded the company’s operations into software as a service
(SaaS) including Intuit QuickBooks Online, and platform as a service (PaaS) from
Amazon.
Today, Accountancy Online is a completely virtual business operating
nationwide with clients in every city and key staff in Melbourne and
Sydney.
The decision to move to the cloud was driven by
Munro as part of a constant effort to adapt new
technologies to his business and clients when
he saw a clear benefit.
“Adopting cloud accounting wasn’t
a detailed business plan as such,
but it was definitely at the heart
of our overall strategic direction.
As we expand our reach into other
geographical areas, stable, scalable
cloud accounting becomes very
important.”
Munro notes that the move to cloud-based services has also helped grow and differentiate the
practice. “Now we can offer a range of flexible fixed fee solutions to clients that vary from a simple
check and lodgment to a full Virtual CFO service. The consulting work is more interesting for staff and
more valuable for clients, delivering a win-win for all.”
Accountancy Online has also seen dramatic transformation in cloud services since making the
switch. New opportunities for connections between cloud accounting and other online applications
have prompted huge efficiency gains and time savings, letting the company undertake work and bill
in an almost fully automated way.
“Cloud accounting has given us more flexibility and the ability to access clients’ data whenever we
need to, from any location and any device. We can see how thorough they’ve been maintaining
records and fix issues in real time. We turn the powerful information cloud accounting provides into
actionable wisdom which helps us add value and assist clients in making decisions to change their
present and future.”