As we’ve seen in the past year, it’s important to remain proactive versus reactive when it comes to sustaining and growing our businesses. As the remote workforce continues to evolve, entrepreneurs leading businesses of any size are encouraged to tap into the advancements of cloud-based solutions to stay flexible and efficient, no matter the geographical location.
In this blog recap of our latest Moments of Influence episode sponsored by Plooto, we take a look at how cloud-based tools are changing businesses today.
Before we get into how it influences our professional lives today, we have to ask ourselves, what is the cloud? Well, simply put, the cloud refers to data centers over the internet that allows us to store and access data and programs instead of having to depend on the limited hard drive on our computers and phones. So think of that conference you just listened to, the feel-good playlist that helps you stay motivated through the workday, or the apps you rely on to work anywhere at your favourite location — those are all powered and stored on the cloud.
The cloud allows users to access their digital tools wherever and whenever, helping businesses be more flexible and efficient with their operations and workflow without spending more on a more extensive infrastructure or support staff.
Public usage of cloud-based software has exploded in the last couple of years, and we’ve also seen a rapid increase in cloud-based tools — some of which have been ingrained in our digital footprint like Google Docs, Spreadsheets, Hootsuite, and Asana.
Let’s take a look at how cloud-based tools are changing businesses today.
Our ways of working are becoming more fluid. As the work from home culture continues to evolve, business owners need to consider the full potential of cloud-based tools that will allow employees to streamline their workflow while gaining access to company resources on demand.
As referenced in a recent Forbes article, the cloud is “the backbone of remote work,” and supportive applications are aplenty. Basecamp and Slack have become leading team collaboration software solutions that help teams manage projects and communicate with each other and clients no matter the geographical location.
According to PWC, in Canada alone, 59% of employees are now working remotely, with only one in five wanting to go back to a workplace full-time in the future. Quite an amazing statistic, because none of this would be possible without the cloud, as it powers the technology required to work remotely.
When it comes to the most successful cloud solutions in the past year, we’d be remiss to leave out the redundancy of physical cheques, and the innovations to accounts receivable and payable.
Automating your finances for accounts payable and receivable has become a necessary tool for the modern workplace. From payments to contractors and vendors — to financial reports, accounting integration, and visibility into finances — these processes were historically manual and time-consuming, but the cloud has fundamentally changed these tasks.
As a leading financial automation tool, Plooto, allows businesses of all sizes to streamline cash management activities from their network. On their easy to navigate program, companies can:
Finally, when it comes to budgets, businesses of any size understand the value of cost savings, and minimizing cost is one of the significant benefits of cloud-based tools. According to a study by Rackspace Technology, out of 1300 cloud-based companies surveyed, 88% experienced savings, with 56% seeing an increase in profits.
Cloud-based tools allow users to cut out the acquisition and maintenance of hardware and the long time associated with installation and upkeep, which would enable employees to increase their productivity and relocate their efforts elsewhere. Moreover, most cloud-based tools offer a pay-as-you-go model with a cancel any time option, reducing any financial risk and allowing businesses with small budgets to manage their workflow off the bat.
In our technological world, efficiency and reliability are of the utmost importance, especially as we continue to work from home — and as we see evolutions in how we communicate, collaborate, and innovate, it’s crucial we stay up to date with the advancements in cloud technology for solutions that will help us save money, and spend more time on priority tasks.
Let us know in the comments below how cloud-based technology is changing the way your business operates. We’d love to hear from you!6
"At Universal Music, we are frequently tasked with launching new albums and products with little to no notice which can prove challenging for traditional agencies.
The team at the Influence Agency have proven time and time again their ability to be both nimble and efficient at delivering influencer campaigns that are strategically targeted, creative and most importantly impactful with our artists audiences."
"The Influence Agency is phenomenal. They’re incredible outside-the-box thinkers and we’re a great alternative to the traditional marketing efforts taken for the NFP I work for. We worked directly with Stephanie and Tom, both who had a high level understanding of the industry and a completely professional approach to social promotion. Looking forward to working with their team again!"
"As a creator, it was so easy working with The Influence Agency. They've put me forward for a number of awesome campaigns and have given me full creative control to execute them. I can't wait to work with them in the future!"
"The Influence Agency has been a huge part of our success for The Rose Picnic!! We love working with the team and look forward to many more great years together!"
"The Influence Agency is by far one of the best agencies I've worked with in Toronto. They provide so much value to each and every one of their clients, and I've had the pleasure of working with them on many different campaigns. Not only are they professional, but very personable. They are a delight to work with, and I would recommend them to anyone interested in growing their brand or business in an meaningful and creative way."
"Having blogged for 10 years and having worked with a plethora of agencies, The Influence Agency team has been one of the top agencies I've connected with. Their ability to both balance creator relations and interests, while maintaining the priorities of their brands is incredibly impressive. As a creator, the team is always supportive and responsive and truly makes developing branded content seamless! I always look forward to working with them!"