The Indian market has shown particularly strong growth for the past few years and is predicted to continue to be one of the fastest growing countries in Gartner’s cloud forecast. IT spending on cloud services in India is expected to reach $1.3 billion in 2017.In India, Cloud computing is the cornerstone of an exploding number of startups and is a growing trend in large organizations. The same Gartner report also indicates that Small and Medium Enterprises (SMEs) and professionals are leading the adoption of Cloud technology.
This burst in demand for Cloud brings a shower of advantages to you who are an advisor and service provider to the 6 lakh SMEs and professionals. As a subject matter expert, you understand the advantage of software and have been using tools, such as Tally and MS Excel, for some time now.
You also understand the advantage of a custom application over spreadsheets for bringing in cost efficiency and increased revenue. However, the cost of acquisition in terms of hardware, software, and in-house IT expertise has been a deterrent.
With Cloud the deterrents vanish!
Cloud is available without additional investment in IT infrastructure and Annual Maintenance Charges. IT expertise is now just a call away. With flexible payment terms, the IT and Peripherals expense also moves from Capex to Opex.
Too good to be true?! What about speed breakers such as Internet connectivity or security? A year back our average Internet speed was 1.3 MBPS against the global average of 3.1 MBPS. Now we are approximately at 1.8 MPS; reducing the gap with the global average. We will move even faster as the momentum picks up on the new spectrums for 4G and infrastructure improvements. Rest assured the advantages of Cloud Computing far outweigh the risks.
Changes to the applications on Cloud are much faster and effortless! For example, the daily HR task of letter generation is a single-click process in greytHR. Computing salaries as per recent PF Wage Ceiling limit has been taken care within greytHR. The quick turnaround helps meet the tight deadline given by the PF department.
With unprecedented growth of smart hand-held devices (the Indian smartphone market grew by whopping 186% YOY in Q1 2014), can we really afford to ignore Cloud applications — the driver of these smart devices ?
Cloud brings a similar betterment to other CA practices such as Payroll Outsourcing or Accounting. And the wonderful thing is that you can access the service anytime, anywhere and not depend on files on a machine that is shut down after business hours.
Greytip is at the forefront of creating cloud applications for SMEs and CAs with its flagship product greytHR, which provides Payroll and Payroll Outsourcing automation.
A large portion of the work that we do, services that we consume, and our interactions are moving to the Cloud. Cloud is undoubtedly now an integral part of our life.