Cloud Business Systems Helping you to build a better business in the cloud Cloud Business Systems Crowe Horwath has partnered with the leading cloud accounting providers in New Zealand to provide our clients with leading edge integrated cloud accounting solutions. the upfront cost of traditional software, and include regular updates, so you do not pay for costly upgrades each year. Service providers such as Xero charge on a per organisation basis, rather than per user, so you can include all your staff, bookkeeper, accountant, banker, etc on the one subscription fee. What is cloud accounting? Accessible Cloud accounting involves access to accounting software and data through an internet browser. The software is provided on a subscription basis and the data is stored on a remote server. This differs from a traditional accounting system that involves the purchase of software and installation on either a workstation or local server. Access to the cloud accounting applications and data is controlled through user login access, as opposed to the physical location of the data files. This means that data sharing is easier and avoids the requirement to physically move data from one computer site to another. Benefits of moving your business system needs to the cloud Cost effective Cloud accounting products are paid on a monthly subscription basis, alleviating Advisory Because the data is stored in the cloud, multiple users can access the data at the same time, regardless of where they are located. All you need is an internet connection. As the data is available online there is no longer the requirement to transfer files to your accountant at the end of the year. Collaborative With your data accessible online, it is easier for your accountant to work with you on improving your business. At any time your accountant can log in to your account, view your data and provided it is kept up to date, give real time advice about improving your business. can be processed by the system, only requiring confirmation from you. Furthermore, the process for transferring data from accounting systems to reporting systems can be simplified and automated, saving time and money! Secure Responsible cloud system providers place huge importance on security. Security levels are maintained to a similar standard to that of internet banking. With proper controls over account and password access, cloud accounting can be just as, or even more secure, than traditional accounting methods. Making the switch Migrating your financial data into a new system may seem like a daunting task. We have assisted many clients in moving their accounting system to the cloud. Efficient Our conversion service will move your existing system onto your preferred cloud platform, and our training services will make sure you and your team are ready to use the new system. Many cloud accounting products have built-in time savers, such as automatic bank feeds. These are set up with your bank and send transactions straight to your cloud accounting package each night. The system learns (and can be taught) how to code these transactions, meaning much of the bank transactions Our cloud accounting packages can be crafted to meet your specific needs if the standard packages are not quite right. Check with your Crowe Horwath advisor to see if the annual accounting tax requirements can be included in your package at a convenient fixed monthly charge. Fixed price cloud accounting packages Packages: Cloud Outsource Cloud Basic Cloud Assist Cloud Advice For confident users able to maintain their own accounts. For businesses that can handle most of the administration themselves, but would like some reassurance they are on the right track. For businesses looking to make the most of their accounting information and guidance from their Crowe Horwath advisor. Businesses looking to focus on building and improving their business by outsourcing some of their back office operations. Inclusions: Crowe Horwath also provides the following add-on services that can be added to your selected package, or alternatively on a pay-as-you-go basis. ■■ Annual tax planning ■■ Registered office maintenance ■■ Annual budget workshop ■■ Annual budget preparation ■■ Succession planning ■■ KPI Reporting Systems and benchmarking ■■ Business plan preparation including workshop Implementation/ conversion 3 3 3 3 One 3 hour training session 3 3 3 3 Monthly software subscription 3 3 3 3 Talk to one of our advisors Monthly/quarterly activity statement 3 3 3 Please contact your local Crowe Horwath advisor to find out how we can assist you. Quarterly management report with analysis 3 3 3 3 3 Quarterly business improvement consultation with an experienced Crowe Horwath advisor Tailored bookkeeping service Advisor support ■■ Annual strategic planning workshop Connect with us: @CroweHorwath_NZ Crowe Horwath New Zealand 3 3 3 3 3 About Crowe Horwath Crowe Horwath in New Zealand is the largest provider of practical accounting, audit, tax and business advice to individuals and businesses delivering these services from a network of over 20 offices throughout the country. Crowe Horwath is part of a global accounting network that delivers high quality audit, tax and advisory services in over 100 countries. We are the relationship that you can count on – large enough to offer a range of expertise and skills – and small enough to provide the personal touch. Tel 0800 494 569 www.crowehorwath.co.nz The relationship you can count on This fact sheet provides general information only, current at the time of production. Any advice in it has been prepared without taking into account your personal circumstances. You should seek professional advice before acting on any material. Crowe Horwath (NZ) Limited is a member of Crowe Horwath International, a Swiss verein. Each member firm of Crowe Horwath is a separate and independent legal entity. Crowe Horwath (NZ) Limited and its affiliates are not responsible or liable for any acts or omissions of Crowe Horwath or any other member of Crowe Horwath and specifically disclaim any and all responsibility or liability for acts or omissions of Crowe Horwath or any other Crowe Horwath member. Date: November 2015