You might not have realized it, but cloud accounting software supports environmental stewardship in addition to its long list of other impressive benefits.
Today, most online accounting software is cloud-based. It helps businesses share data and collaborate in real time to efficiently manage their processes. Cloud accounting offers cost savings, ease of access, better management, and improved efficiency, too. But one of the most impressive advantages often goes unnoticed: the environmental benefit. More and more companies are focusing on their CSR (Corporate Social Responsibility), aiming to reduce environmental damage from business processes. Those ‘green’ initiatives include reducing the carbon footprint, slashing energy consumption, cutting back on physical waste, and the like. Cloud accounting can be a meaningful addition to these efforts to save the environment.
Here are four often-overlooked ways cloud accounting software supports environmental stewardship.
1. Curb carbon emissions.
When a local server is used for managing and processing data, it requires electricity, which leads to increased carbon emissions. But with cloud accounting, fewer servers are needed and they are utilized more efficiently. This improved efficiency significantly reduces energy consumption and the associated carbon impact.
2. Save a tree.
Cloud accounting supports paperless systems, a key factor in protecting the environment. The advantages of instant messaging and email—speed, ease of use, and no need for paper—are also provided by cloud accounting software. It allows users to seamlessly access relevant documents from the cloud, decreasing printing needs, reducing paper waste, and saving trees.
3. Use less electricity.
Conventional data hardware systems require a lot of upkeep and energy to support power sources and the cooling of facilities. According to research conducted by the Lawrence Berkeley National Laboratory, transferring business software to the cloud reduces computing applications’ overall energy consumption by 87%, on average.
4. Curtail transportation emissions.
Automobiles contribute to increasing CO2 emissions in a major way. Cloud-based accounting software enables users to access financial data and process transactions from anywhere in the world, making the daily commute unnecessary in many cases. Collaboration with teammates, clients, and stakeholders can take place anytime and from any location, creating a business environment that’s maximally convenient and consistently operational.
Cloud-based accounting software enables companies to modernize their operations, improve the client experience, attract investors, and support green initiatives. It’s a winning solution that saves money while preserving our planet’s precious resources.
Do you want to learn more about how cloud accounting software supports environmental stewardship while helping your company meet its goals? IBC’s friendly experts can help you make the shift to cloud accounting so you can grow your business and take care of the environment, too. Contact us today to get started!
About IBC: At IBC, we have a deep understanding of the critical business needs and processes specific to associations, non-profits, and unions. We ‘get’ your culture, your goals, and what drives you, too. Focused exclusively on and dedicated to delivering the most effective AMS, LMS, and Cloud Financial Software for our clients, we’re well-versed in identifying and applying the integration techniques that will save you time and money. Since 2001, our cutting-edge products, unparalleled responsiveness, and award-winning services have helped organizations like yours increase their operational and financial performance by leveraging best practices and proven solutions. For more information about IBC, please visit the website at www.ibconcepts.com or call 443.603.0215.