Cloud Initiatives that Can Help Businesses Sail Through COVID-19
Howard Marks, a legendary investor, says in his famous memos – it is nearly impossible to forecast the future accurately; but, you can still prepare for it. The COVID-19 effect has been on the businesses that have been left exposed due to outdated enterprise management infrastructure.
No one could have predicted the pandemic and its impact. Now that we are experiencing a change in working pattern because of it, we can prepare our business systems to respond quickly. Accounting firms that have been using the legacy systems have the right opportunity to get a fresh start.
The Corona impact on finance is clearly showing up – employees are forced to work from home, the ones in the office have to maintain social distance, and operational efficiencies have gone down. These changes will stay here for a long time. Hence, the best way to proceed would be by harnessing the power of the cloud.
Here are some cloud initiatives that can help your business sail through the COVID-19 effect:
As the pandemic's impact settles, firms are getting divided into two camps – the proactive ones and the reactive ones. The reactive ones are busy looking for solutions after they locate problems. The proactive firms are mapping out all the potential impact of the pandemic and using cloud applications to help them prepare for problems they are facing and are yet to face.
With the right cloud-based enterprise management system, your transition from the former to the latter type of firm will become linear.