Business & Financial Management Solutions provider Intuit has come up with a Cloud based Accounts Management Software called ‘QuickBooks’. Geared specially for the Small & Medium Businesses (SMB), the comprehensive package will allow companies execute all their finance related functions without having to maintain servers of their own.
Cloud based solutions for financial management is not new. We have covered such companies in the past. Furthermore all these advertise to do away with maintaining financial records on-site.
How Does QuickBooks Plan to capture market-share? The app-cluster aims to take up the complete accounting infrastructure along with taxation procedures too. Additionally, looking at the dashboard, it seems to even replace traditional emailing applications with one built right into it. QuickBooks offers features like extensive tracking & detailed, insightful on-the-fly report generation. Furthermore, the app-cluster will additionally take up the complete load of back-end processing. Users will simply have to enter their query & get the results instantly. Moreover, thanks to cloud based technology, virtually any screen, be it PC, Mobile, Tablet can quickly transform into a data processing & financial information hub.
Why target just SMBs with such an extensive offering? These medium sized companies need solutions that are at par the global giants, but are not ready or many a times simply can’t pay for the expensive hardware requirements. Fortunately, realizing the huge demand for off-site services that take the load of on-site processes, many technology companies are coming up with products that offer the convenience of remote working without the need for putting up money for infrastructure.
The only aspect still lacking is availability of reliable high speed internet connectivity & that too at affordable rates. Once Internet penetration & speed improves we could see an exponential rise in such companies offering everything that a company needs from the technology front. When do you think we might see such a scenario?
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