Top 7 Benefits of UltraTax Cloud Hosting You Cannot Ignore in [2024]

UltraTax CS by Thomson Reuters is a popular tax preparation and filing software with advanced features. However, with a local UltraTax setup, you get limited data accessibility. You get stuck at your office desk to do client’s taxes.

UltraTax cloud hosting services can enhance your tax filing experience and boost team productivity. You get remote access, enterprise-grade security, and other advantages after you migrate to a cloud-based UltraTax hosting solution.

This blog will explore several advantages of hosting UltraTax on the cloud. Learn the top benefits of UltraTax CS cloud hosting.

Let’s first understand a bit more about UltraTax hosting.

What is UltraTax CS Hosting?

UltraTax CS is a desktop-based professional tax software that meets all your tax preparation needs. The software allows you to streamline your workflow process by eliminating the need for manual data entry. It further helps you increase the productivity and profitability of your business.

While UltraTax has excellent features, hosting it on local systems has several disadvantages. In an on-premises UltraTax setup, you install UltraTax CS on your desktop. All your tax-related files and clients’ data stay in your local storage or network.

Working with UltraTax CS in a local hosted environment is a tedious task. You get limited flexibility, data accessibility, and security. However, you can take the functionality of UltraTax CS to the next level via cloud based UltraTax hosting.

When hosted on the cloud, UltraTax eliminates the requirement of investing in on-premises IT infrastructure, renting space for office use, and software maintenance.

Now that you have a fair understanding of UltraTax CS hosting. Let’s dive deep into what advantages it offers and how it can streamline your tax filing experience.

UltraTax cloud hosting is an alternative method of software deployment that is not installed in local systems but on remote cloud servers of a hosting provider. Cloud-hosted UltraTax effectively allows you to overcome all the limitations of the traditional on-premises solution.

Read on to explore the benefits of UltraTax hosting and how it can transform how you handle tax workflows.

7 Top Benefits of UltraTax CS Cloud Hosting

UltraTax CS software on the cloud allows you to access and use the tax preparation software anytime, anywhere. With UltraTax CS hosted on the cloud, you can ensure an easy and error-free tax preparation process.

It gives all your organization’s stakeholders the chance to collaborate and work together with better efficiency.

In addition, you get bank-level security to protect your confidential business data from potential online threats.

Let’s now look at each of the benefits of UltraTax hosting in greater detail.

Multi-User Collaboration in Real-Time

One of the most common problems that CPAs and tax professionals face while working on their local systems using UltraTax CS is the inability to collaborate. Hosting UltraTax CS software on the cloud eliminates this problem.

With UltraTax hosting, you and your team can collaborate in real time. Your team can access UltraTax anytime from any location with their login credentials or RDP. If you are an admin, you can give other users roles-based file access.

All your team members can work on the same file in real time. The best thing is that everyone stays updated on all the changes in the file.

Also Read: Top 7 Benefits of UltraTax CS Hosting

Seamless Scalability

During tax season, you must meet your clients’ ever-growing demand to file taxes promptly and accurately. While UltraTax allows CPAs and tax firms to prepare and file taxes easily, it offers several challenges whenever there is a surge in demand.

On an on-premises setup, you can’t scale up or down IT resources without hampering your team’s productivity. You need more performance and data storage during tax season to ensure seamless accounting and tax returns.

Your IT team must buy and set up additional computing resources. This is a time-consuming process and increases costs for your accounting firm.

On the other hand, you can quickly meet any surge in demand with cloud based UltraTax hosting. Share requirements with your tax hosting provider, and they will scale your resources accordingly. The best part is that there is no downtime during IT upgrades.

Similarly, you can downgrade when your firm doesn’t need more computing resources. Most cloud hosting providers follow the pay-as-you-go model. It means you only pay for what you use on the cloud.

You can save a significant amount during non-tax seasons. As a result, UltraTax hosting is more cost-effective than on-premises hosting.

Accessibility Gets Easier

Restricted data access due to locally stored UltraTax data often frustrates tax preparers while they travel. Such instances not only decrease productivity but also make collaboration a challenging task.

However, UltraTax CS software on the cloud significantly enhances tax professionals’ productivity as they can access their tax data from anywhere, anytime, using their preferred devices.

All you need to do is log into the system with valid login credentials, and you can access all your data from anywhere, irrespective of the geographical region. As a result, you can always be on the way and work flexibly, maintaining a work-life balance.

Save Your Time

Completing a time-consuming task when using UltraTax in a locally hosted environment might be challenging.

For instance, manually entering data and then making copies of it is time-consuming, impacting tax professionals’ focus on other important work. As a result, doing this task for multiple clients gets delayed further.

Also Read: Get UltraTax Remote Access with Ace Cloud Hosting

Cost-Effective

In the on-premises UltraTax setup, you must hire and manage an IT team. It can be counter-productive during tax season when all your focus must be on serving your clients diligently.

Hiring and managing an IT team can prove costly for your tax firm. Besides hiring, you must invest in hardware and constantly upgrade it to meet performance demands.

Choose UltraTax tax software hosting services to save your money and time. Your cloud hosting provider will handle everything from installation and maintenance to software upgrades. It also means you don’t need an in-house server and IT professionals to maintain its upkeep.

Business Continuity and Data Protection

You cannot access UltraTax CS and other important data in a locally hosted environment during any unfortunate event. It is critical for the sustainability of your business.

However, in the cloud hosted UltraTax solution, you get 99.99% uptime backed by SLAs.

Apart from that, you also get regular data backups and scheduled maintenance. So, with UltraTax CS hosting, you will always have peace of mind that your business will continue even in unfortunate events.

Bank-level Security

Cybercriminals are always on the hunt to find a vulnerability and get access to your systems. The same goes for the on-premises UltraTax setup. You must implement advanced security features to protect your accounting firm from unauthorized access.

Imagine the worst-case scenario where cyber attackers get into your network and have access to all your business-critical files and client data. You can avert such situations by hosting UltraTax CS on the cloud.

Reputed cloud hosting providers implement bank-level security protocols to safeguard your tax and accounting firm against cyber threats.

With a reliable UltraTax CS hosting provider, you get enterprise-grade security features such as:

• Brute force protection
• Safeguard against DDoS cyber attacks
• Protection against ransomware
• Endpoint security features: Antivirus, Firewall, Multi-Factor Authentication, Hardened, and Patch OS.

Integrations

UltraTax CS supports integration with other Thomson Reuters and third-party applications for smooth tax filing returns. You may experience slow performance in a local-hosted UltraTax setup if you work with many integrations.

UltraTax hosting allows you to work with unlimited integrations without worrying about performance lag. Your hosting provider can upgrade your computing resources as per your integration requirements.

Frequently Asked Questions (FAQs)

Conclusion

Whether an individual tax preparer or a tax firm, you can host UltraTax on the cloud to experience a seamless workflow between your teams and clients.

Additionally, you get remote access to all your UltraTax data, scale your resources up or down, get round-the-clock support for all your queries, and much more.

Want to know how UltraTax hosting works or what UltraTax CS hosting pricing is? Contact our Solutions Consultant @ +1-855-223-4887.