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By Benjamin Taylor with Eloqua
Staying properly organized is an essential part of understanding your businesses finances and making good, efficient choices for your company. Managing your assets can be time consuming, cumbersome, and confusing, which is why so many enterprising entrepreneurs have developed asset management software to cash in on it.
This puts you, the business owner, in the fantastic position of having options. There are a lot of different types of asset management solutions, but, as a small business owner, you can narrow it down quite a bit.
Chances are that if you are a small business, you don’t own a powerful, secure server. Asset management requires up to date hardware and software, and the best, cost effective way to get that today is in the cloud. Cloud companies can provide both the hardware and software that you need.
The benefit here is that they will update both the software and the hardware for you, taking that whole aspect of it off your shoulders, so you can probably get away with not hiring that IT guy.
A decade ago, a large fire or earthquake could wipe out enormous amounts of information, and leave your company in a fairly difficult position if the IRS decided to come calling. The cloud has provided a solution for this problem. Now that data can be securely stored in multiple servers, it takes a deliberate effort to destroy information.
Provided that you keep your access information secure, it also becomes much harder to steal, as no amount of breaking and entering can get potential data thieves near your cloud based records.
Asset management in the cloud allows you to easily integrate new software with your current technology. Instead of upgrading your local hardware and systems, you can use older and lower quality technology as simple access devices, since cloud servers will be running the software for you.
You also get the added bonus of mobility. Cloud data can be accessed and updated from anywhere, which might make your life easier, or it might not. Really depends on your business.