Simpler Systems LandscapeSay goodbye to the cost & complexity of multiple ledgers and standardize on a signle finance system companywide regardless of location.

Lower Costs50% lower total cost of ownership than traditional systems. Low monthly OpExsubscription. No IT CapEx, IT infrastructure or upgrade costs.

Improved ScalabilityRespond to business growth swiftly by bringing new sites, locations and subsidiaries online in hours not months.

Faster Implementation Be up and running in the cloud in weeks not months and secure triple digit ROI in months not years.

Automatic UpgradesSay goodbye to costly and disruptive system upgrades – cloud systems are continually updated in the background.

Real-Time Management Info & ReportingBenefit from real-time management info at consolidated, subsidiary, site and project levels –without the need for spreadsheets or additional reporting tools.

Value Added IntegrationBenefit from third party integrations like live Banking, VAT & Companies House integration.

Increased Operational EfficienciesAutomate financial processes across multiple locations and geographies in real-time – no more manual processes or spreadsheet workarounds.

Complete Future ProofingCope effortlessly with change by remaining at the cutting edge of the accounting technology curve –with cloud systems your business is ALWAYS using the latest version.

Cloud Accounting Systems - 10 Key Factors Driving Rapid Adoption

Wider Accessibility Gain full system access online 24/7 from anywhere in the world via any device.

www.xledger.co.uk

With the benefits of cloud technology well established, CFO scepticism about data privacy and security has now given way to the rapid adoption of cloud accounting systems due to their lower ownership costs and more rapidly realised benefits.

In fact, according to a study by Longitude Research 24% of CFO’s have already implemented cloud accounting systems, and a further 45% are planning to do so in the next 12 months. Furthermore, the total cost of ownership of cloud accounting systems is considered to be 50% less than that of an on-premise system.

With lower total costs, return on investment (ROI) can often exceed triple-digit percentages, while payback timing is typically a fraction of on-premise, averaging only 3-6 months according to a recent study.

We take a closer look at what’s driving the rapid adoption of Cloud Accounting systems and provide an overview of the 10 key factors that are pushing more and more CFO’s into the cloud for accounting and financial management.

Overview

Cloud Accounting SystemsHosted externally by the vendor and provided to you as a service – hence the common term SaaS or Software as a Service. With cloud deployments the software, and financial data within, are managed centrally by the vendor and accessed by customers via the web.

• Procured via OpEx budget.• Monthly subscription model.• Local IT infrastructure needs reduced.• Local IT support and administration

needs reduced.• Data and system moved offsite.• Upgrades managed by vendor.• Systems and processes are more

standardised.

What's the difference?

Traditional On-Premise Accounting SystemsInstalled locally on your company’s servers and then managed and supported by your own IT staff.

• Procured via CapEx budget.• Perpetual license model.• Requires local IT infrastructure.• Requires internal IT support and

administration.• Data and system are local.• Requires self-managed upgrades.• Requires local management of

integrations to other applications.• Systems and processes are evolving and

complex.Download the full Whitepaper here.