We really can’t get into a post about the benefits of the cloud without first defining the cloud.

CNN Money said it the simplest: The cloud is software and services that run off the Internet instead of the server under your desk.

If you’re like most Americans, you’re in the cloud many of your waking hours. When you check Gmail, stream a movie on Netflix, or upload a new profile picture to Facebook, for example, you’re in the cloud. The cloud has quickly been adopted by the business market, and now nonprofits are craving the same flexibility and security. One undeniable truth is that the cloud has changed the game for organizations of all shapes and sizes.

3 reasons why you should consider moving your fund accounting to the cloud:

  1. Mobility: Earlier this week we did a check in on Gartner’s 2015 Technology Trends and what they mean for nonprofits and associations. An increased emphasis on serving the needs of mobile users was the first trend we highlighted, and the cloud enables you to securely and easily retrieve and input information from your mobile phone, tablet, workstation, or laptop computer – wherever and whenever you need. The cloud offers flexible working environments for your accounting staff, auditors, and leadership alike.
  2. Security: Technology providers continue to invest heavily in security, and likely have much higher security measures than most organizations’ on-premises installations. According to Gartner’s Top 10 Cloud Myths, “There have been very few security breaches in the public cloud – most breaches continue to involve on-premises data center environments.”  Think about your server that hosts your organization’s finance data. If a natural disaster hit or a robbery were to occur at your office, how confident are you that all your data would be secure?
  3. Cost Savings: In 2013, Rackspace, a leading cloud company, found when surveying their customers that on average organizations reduced expenses by 23 percent when they switched to their cloud.  It’s not just eliminating the costs for housing a server, and the appropriate equipment and services for an on-premise installation. With cloud solutions, you no longer need to worry about costs associated with software updates and timely integration installs. Cloud-based software allow for the technology partner to maintain, backup, and upgrade your software so you can focus on the mission-critical work you need to accomplish.

Organizations that embrace the cloud can begin to see immediate improvements in flexibility, insights, and cost savings. The actual switch to the cloud can be as easy as uploading your database and setting up your secure user accounts. Stay tuned to the Abila blog as we continue to cover trends and tips for preparing to migrate to the cloud.

To learn more about Life in the Cloud and what it can mean for your organization, check out our whitepaper.