3E Accounting Pte. Ltd. was pleased to be mentioned in Singapore Business Review as a Service Provider in the Accounting Industry who Adopts Cloud-based Business Solutions, on 23 July 2017.
Singapore Business Review’s 23 July 2017 write-up on “Are Singaporean businesses still trapped by past perception of cloud computing?”.
Cloud adoption is accelerating faster than previously anticipated. It is changing business functions and provides cost and time-effective solutions. In the article, 3E Accounting was being highlighted for accepting the cloud technology that has benefited their business as a whole.
Cloud acceptance by service providers
The last reason why you might have to consider using cloud is that your vendors might already be on the cloud. Vital service providers such as accounting firms are also embracing the cloud solution. Singapore’s leading accounting network, 3E Accounting International Network, which has 1,200 staff in 79 offices around the world is using Xero to service their corporate clients.
3E Accounting accepted Xero because its cloud technology allows real time access to financial information and provides critical services such as automatic bank reconciliation. The founder of 3E Accounting, Mr. Lawrence Chai noted the importance of cashflow for SMEs which is being tracked in real time by Xero. This functionality is the motivation behind his push for cloud-based accounting which added to the explosive cloud acceptance in 2017.
According to the Infocomm Media Development Authority of Singapore (IMDA), only 30% of Singaporean businesses are on the cloud and they reported higher productivity growth. Over the next 3 to 10 years, IMDA expects to see growing adoption of cloud computing given its elasticity over traditional IT solutions.
Singapore Business Review – 23 July 2017
3E Accounting Pte. Ltd. wishes to thank Singapore Business Review for the mention and all staffs and clients for their tremendous support.