Advantages of Using Web Accounting Services w@s

Web Accounting Services or w@s is developed using platform that works seamlessly over the Internet. Hence it provides numerous advantages as follows :-

a. Fast and Easy Access
The most noticeable advantage is that the both the subscribing business owners and subscribing accountants can access the application from any computer connected to the Internet. Both parties can collaborate at any time and place i.e. at home or while on vacation. w@s eliminates time and geographical constraints.

b. Hassle-Free Software Maintenance
Our servers are 24 x 7. In addition, there are data backup policies with offsite storage. We also enhance the product often, so there's no need to upgrade because we do it for you

c. Handles Multiple Users Per Company
If businesses have multiple users wanting to use w@s, who need access to the company's accounting data but they don't have the expertise in-house to maintain a stable network environment, they only need to sign them up. They'll have instant access to the information they want to give them -- and all they need is an Internet browser on their system.

d. Robust Accounting Features
w@s is powered by a full-fledged accounting solution that has the enterprise wide backoffice capability. It supports all key accounting features (GL, AR, AP, CB) couples with a variety of reports, statements and management analysis tools such as graphs.

e. Establishment of Virtual Accounting Department
Another distinct benefit that could be derived from the system is that it with promotes the concept of Virtual Account Department. As described earlier, PC connected to the Internet the users can now access the abundantly available services from the ASP just via their desktop. The linkage will obviously ease communication and make possible sharing of resources between the interacting parties

f. Cost Saving
The current business flow practiced by most companies is that they would normally dispatch the physical copy of the relevant documents to their bookkeeper for the latter to prepare the reports. Companies would normally send documents such as official receipts, check buds, bank statements, cashbook and other evidence of transactions.

In this case, cost of delivering documents (per accounting reporting period) entails human interaction which involves mileage claims, overtime, parking and time, running to a few hundred dollars. In contrast, the cost of conducting similar business transactions electronically might be a few dollars only. Hence any business processes involving routine interactions between people offer substantial cost saving, which can in turn be translated into substantial savings to customers. In effect, w@s eliminates excessive investments in hardware, software and even technical staff.

g. Improvement on Customer Services
The system allows participating public accountants to effectively channel their services to the clients regardless of location. w@s links the collaborative parties together and provides participating public accountants registered with w@s, with an opportunity to focus on rendering customized services to their clients electronically. Furthermore, it enables registered public accountants to extend their services to prospective clients without facing geographical constraints and also value add service offering to provide full-fledged accounting services over the Internet.

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