Cloud accounting solutions make compliance and admin easier so that you can focus on what really matters – growing your business and meeting customer expectations
LAGOS, Nigeria, November 1, 2016/ -- Sound bookkeeping is essential for a business’s financial well-being, which is why cloud accounting solutions have an invaluable role to play in helping Nigerian entrepreneurs to grow their businesses.
That’s the word from Nikki Summers, Director, Sage One in East and West Africa, which is sponsoring and presenting at the BusinessDay SME Market Access Forum in Lagos, Nigeria. Summers says that Nigeria’s 37 million Small & Medium Businesses (APO.af/qjmnWw) need to keep accurate records to meet the needs of tax authorities as well as to keep track of trends within their own businesses.
They also need to automate processes like issuing quotes and invoices so that they can save costs, present a professional face to customers and free up time for tasks that add value to the business. “As a business owner, you need to focus on things that really give you a competitive edge, like innovation and customer service. You can’t afford to waste time worrying about your books. That’s where affordable online accounting solutions such as Sage One come in – they make accounting easy for non-accountants,” Summers adds.
“Cloud solutions give you and your employees fast, secure access to their small business accounting from anywhere at any time, so you can control your business from the palm of your hand. You can connect your accountant and other people in your business with real-time and intuitive information. Up-to-the minute reporting also means you always know exactly how the business is performing and means you can make educated decisions based on that insight”.
A changing world
While at some point in time, these benefits may have been seen as mere conveniences and ‘nice to haves’; they’ve become increasingly important as entrepreneurs respond to more demanding customers, tougher regulation and growing economic pressure, notes Summers. Cloud accounting solutions make compliance and admin easier so that you can focus on what really matters – growing your business and meeting customer expectations.
Some of the benefits of using online accounting software include the following:
“Moving to the cloud is an opportunity to transform your business and succeed in Nigeria’s competitive economy,” concludes Summers. “By automating business process, you can keep costs low, become better at managing cash flow and streamline compliance.”
Distributed by APO on behalf of Sage.