online accounting software.
The businessman and entrepreneur who stars the hit BBC show, Dragon’s Den, spoke to the Ahead in the Clouds event in London where he was quoted for saying that he was won over by the cloud’s technology earlier this year.
”It (cloud computing) has changed the landscape quite significantly. Companies no longer need to have large bulky archives with all their databases written on papers. Cloud computing enables all this information to be stored online in a digital format, with little limitations on size,” he said.
“What’s also very important is that cloud computing enables infomation and data access anywhere in the world, as long as there is an internet connection. My private equity firm Hamilton Bradshaw uses cloud computing and I’m still amazed how efficient the system is.”
Caan said he was recently abroad and decided to show some large documents to his colleague. He was truly amazed to have been able to access the information with speed.
However, Caan also admits that there are risks associated with using the accounting for small businesses. But the administrators of this online accounting programs are putting at the top of their agenda the solutions to such concerns.
“Business owners are typically so swamped with everyday tasks and issues they tend to push their business security to the bottom of their priority list. However, I believe that a company’s information is one of their most valuable assets and should be at the top of every entrepreneur’s agenda,” added Caan.