Small to medium-sized Australian businesses are increasingly transitioning to cloud-hosted software.

The latest figures from the Australian Bureau of Statistics reveal that in the 2022 financial year, 59 per cent of the nation’s businesses invested in paid cloud computing, which includes cloud-hosted software. This figure has risen sharply in recent years, up from 42 per cent in 2018.

So, why are businesses increasingly embracing cloud-hosted software?

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The high expectations of today’s online customers mean it has never been more important to minimise manual fulfilment errors.

Next day or same day deliveries are not only desired, but expected. For warehouses, third-party logistics (3PL) providers and online retailers, even a single instance of failing to deliver on time, or getting order items wrong, can lead to lost customers and reputational damage.

A survey of online retailers by Stitch Labs reveals that nearly two thirds (66 per cent) of inventory or fulfilment issues are the result of human error from manual processes. The study also reveals that almost half (45 per cent) of online retailers believe that customers ordering an out-of-stock item is the biggest reason why they never come back.

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Are you an accountant looking to understand your prospects better? Defining your ideal client profile will be a great exercise to help you hit the ground running with your practice. 

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The holiday season is fast approaching, and many businesses will shut down to celebrate. However, with the recent changes to Modern Awards, staying up to date with the latest regulations is crucial.

The Fair Work Commission announced in December 2022 that it had issued a decision regarding shutdowns as part of the four-year review of modern awards. Businesses throughout Australia are affected by the shutdown regulation changes, which took effect on 1 May 2023. 

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Attaché has long served as a valuable financial management system for businesses of a certain size. However, as your business expands and evolves, you may find that Attaché is no longer the ideal solution to meet your growing needs.  

If you’re finding your software no longer fit for purpose, it may be time to consider an upgrade to a solution like Access Financials. A comprehensive and modern accounting solution designed to support growing businesses, Access Financials may provide you with the additional accounting and financial management you require. 

In this blog, we'll explore some of the common issues you may be facing that could be resolved with a software upgrade and take a look at all the additional benefits you could unlock by switching to a different solution from the same provider. 

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Analytical skills have always been second nature to accountants. With the right accounting practice software, they can incorporate accounting data analytics to fly ahead of their competition. 

Data analytics for accountants is the key to unlocking critical business insights, giving your firm the power to improve every aspect of public practice, from monitoring business performance to improving internal accounting processes. 

In our article, we'll explain why harnessing accounting data analytics is crucial, especially when data management and analytics software can help boost the accounting skills of your people, more easily analyse trends, and make future predictions. 

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Have you ever heard of client accounting and wondered how your accounting firm can harness it? You may not be aware that there are different client accounting models; if you are, you may want to learn more about them to work out the best option for your practice.  

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In the accounting space, practice owners understand how critical it is to place the correct data in the hands of the right people at the right time. Beyond deriving insights, accounting data visualisation helps you run a better practice.

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What are Key Performance Indicators (KPIs), and why should your Finance team track them?  

A KPI is a critical measure of progress towards a target, goal or core business objective. KPIs are quantifiable measures over time that focus on strategic and operational performance and create a centre of attention for achieving the desired result. 

In this article, we will discuss the top 11 KPIs your finance team should track and why. 

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Don’t know an ERP from a CRM? You’re not alone. Our guide will highlight ERP vs CRM, shining a light on the benefits of each system and how they can help you reach your business goals. 

If you’re looking to automate your essential business processes, chances are you’ve embarked on a very steep learning curve regarding ERP vs CRM. In your quest to have your business running efficiently while also finding better ways to retain existing customers and find new ones, you’re now presented with these two options that, to be honest, seem pretty similar.  

Actually, many features of ERP (Enterprise Resource Planning) and CRM (Customer Relationship Management) do overlap, making the decision a little more difficult for those business owners and managers not familiar with the software systems.  

With recent stats showing 50% of businesses plan to either buy, update or upgrade their ERP systems in the near future, can you afford to be left behind by not investing in this emerging technology?  

This Access Group Guide to ERP vs CRM will take you through the pros and cons of ERP and CRM, the benefits of each system and how they can help you achieve your business goals.  

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