Cloud technology is becoming increasingly popular among business owners with about 44% of traditional small businesses using cloud infrastructure and hosting services, according to a study from TechRepublic. It’s also predicted the public will host 63% of SMBs workloads and 62% of SMBs data within the next year.
Although there are multiple studies stating cloud technology is on the rise, many SMBs in the B2B space are struggling to make the switch. They may be afraid of training employees on new internal processes while understanding the ins and outs of the nuances of cloud technology themselves. One of the biggest concerns stated with cloud technology is a lack of security. Although these hesitations are normal, 94% of businesses state their security measures increased when moving to the cloud, according to a recent survey. Here are three ways cloud technology directly benefits your business.
1. Streamlines payment processes
Not only does cloud technology allow you to offer faster and more secure payments to your customers, but it also syncs with multiple payment methods and easily integrates into banking infrastructures.
Instead of worrying about when cash is going to hit the bank, rest assured that everything is taken care of and you’ll be able to take care of payroll and the cost of overhead. Plus, you’ll be able to expand your business network globally since all payments are conducted virtually.
2. Recover data
Cloud technology allows you to constantly back up data, making it unlikely you’ll ever lose important information. Backup services allow you to access data and apps in case of emergency while still keeping your private information secure. If you ever run out of storage, you can easily purchase more through the software provider.
3. Improved flexibility
Although cloud technology will not solve all the problems IT support must address, it significantly decreases the bandwidth needed. Cloud technology allows any employee to access any file from anywhere without jeopardizing the company’s security measures.
Data stored on the cloud is usually encrypted and anyone who wants to access that data must have a digital key. Rest assured that a cyber attack is unlikely while still giving your employees the flexibility they deserve.
To learn more about how cloud technology benefits your business and other payment processing advice, get in touch with me by visiting my website or calling 617.843.5700. I’m an expert in payment processing in the home heating and fuels industry and look forward to helping you enjoy perpetual savings.
