- May 3, 2022
- Anita Sajkiewicz
7 Ways the Cloud Can Drive Ecommerce Business Growth: How to Benefit from Moving Your Data and Applications Online
The cloud is becoming an increasingly important part of all business operations, in particular it is extremely beneficial for eCommerce businesses. By moving your data and applications online, you can take advantage of many benefits that the cloud has to offer. In this blog post, I will discuss five ways the cloud can help drive your online business growth and how you can benefit from moving your data and applications to the cloud.
#1 - Increased Productivity
One of the biggest benefits of the cloud is increased productivity. By moving to the cloud, eCommerce businesses can take advantage of improved collaboration and communication tools, as well as access to new applications and services. In addition, the cloud can help online businesses reduce their IT costs by eliminating the need for on-premise infrastructure.
#2 - Improved Collaboration and Communication
One of the biggest benefits of the cloud is increased productivity. By moving to the cloud, eCommerce businesses can take advantage of improved collaboration and communication tools, as well as access to new applications and services. In addition, the cloud can help online businesses reduce their IT costs by eliminating the need for on-premise infrastructure.
#3 - Updated Files and Applications
Another benefit of the cloud is that eCommerce businesses can always have access to the latest versions of their files and applications. With on-premise infrastructure, businesses often have to wait for updates to be installed before they can take advantage of new features and bug fixes. However, with the cloud, updates are automatically pushed out to users as soon as they are available.
#4 - Secure Storage
The cloud is also a secure storage option for businesses trading online. With on-premise infrastructure, businesses run the risk of their data being lost or stolen if their physical servers are damaged or destroyed. However, with the cloud, eCommerce businesses can rest assured knowing that their data is stored safely off-site.
The shift to working from home during the pandemic increased opportunities for cybercriminals, so it’s now more important than ever to have a secure storage solution. Cyber attacks and data leaks can cost online businesses thousands of pounds and destroy their reputation, so it’s crucial that you have measures in place to protect this from happening.
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#5 – Improved VAT Reporting
VAT is a huge issue when it comes to eCommerce sales. Especially when you are trading internationally. VAT rules are complex and they have become even more confusing after the Brexit. Usually there is a high volume of transactions going through your eCommerce platform. I wouldn’t imagine reconciling them manually.
Smart cloud applications can help eCommerce businesses improve the VAT reporting. These applications will summarize your sales transactions, separating the VAT part. They will match exactly with the payouts going through your bank account.
#6 – Inventory Management
Many eCommerce business owners complain that inventory management is their biggest frustration. They try to manage stock figures using spreadsheets and count the products only a few times each year. This consumes a lot of their time and does not produce any reliable outcome.
Nowadays there is a wide choice of cloud applications, which can manage your inventory in real time. Every day you will know how many products you keep in stock. You will also be able to recognize the cost of goods sold properly.
#7 - Scalability
The cloud is a scalable solution that can grow with your eCommerce business. As your business expands, you can easily add more users and storage to your account. With on-premise infrastructure, businesses often have to purchase new hardware as their needs change. However, with the cloud, online businesses only need to pay for the resources they use, making it a cost-effective and flexible solution.
Final Thoughts
All in all, cloud technology empowers eCommerce businesses to do more with less, allowing them to maximise their potential whilst boosting their bottom line – PROFIT. What’s more is that the benefits of cloud software are only going to continue to grow as the technology evolves. If you’re not already using the cloud, now is the time to make the switch. Your online business will thank you for it.
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