How Hosting ProSystem FX Tax Software Helps Tax Professionals Reap Cloud Benefits?

One of the most popular integrated tax and accounting software, ProSystem FX Tax, helps CPAs and accountants digitize the entire tax flow. An award-winning software, ProSystem FX, enables you to save time off your tax preparation process. Alongside, it opens up consulting opportunities and your business’s growth. Hosting ProSystem FX tax on the cloud can enhance your productivity more accurately and make the most of growth opportunities. Besides, hosted ProSystem FX tax comes with all the desktop version features. These include automatically calculated forms, state and federal schedules, and more. Your experience working on the cloud-based ProSystem FX tax software remains the same. 

Read on to explore more ways hosting ProSystem FX tax on the cloud can transform your tax and accounting processes. 

How Does Hosting ProSystem FX Tax Benefits You? 

1. Reliable Cloud Storage 

You might need the tax filing data from ProSystem FX even after a prolonged period of filing the return. To ensure this, you must take adequate measures to ensure safe data storage. When you store the data in an on-premise setup, issues like data theft, accidental deletion, or natural disasters can put the entire data at risk. 

By hosting ProSystem FX tax on the cloud, you can rest assured of data safety and retrieval. But how? 

A reliable cloud hosting provider takes care of the safety and security of your data. Besides, they ensure regular data backup across redundant storage servers. This, in turn, helps you get the most recent data in case there’s a cyberattack or natural disasters like a flood, fire, or earthquake. 

2. Data Security 

Data security is paramount when it comes to ensuring reputation in the market. A single data breach could break your clients’ trust and lead to a financial loss for your business. Such instances could also fail your business in attracting new customers, impacting business continuity. 

Host ProSystem FX tax software on the cloud and get the best data security. With rising incidents of cyberattacks, third-party cloud providers are devising robust strategies to provide the best when it comes to data security. They deploy many security measures to ensure the safety of data. These include: 

• End-to-end data encryption 
• Multi-factor authentication system 
• Multi-level firewall 
• Antivirus 
• Antimalware 
• Intrusion Detection System (IDS) and Intrusion Prevention System (IPS), etc. 

Simply put, your mission-critical data is safer on the cloud than on the traditional on-premise system. 

3. Collaboration Gets Easier 

Accountants, tax professionals, or stakeholders often need to work on the same file while located in various regions. Achieving this requires them to send files via emails back and forth. Such instances have high chances of errors and might need them to create multiple versions of the same file. Moreover, it demands additional storage space, which can sometimes be challenging. However, hosting ProSystem FX tax on the cloud can significantly mitigate this challenge. How? 

Cloud-hosted ProSystem FX tax software makes collaboration among team members easier. You don’t need to send or receive files via email, nor do you need to create duplicate files. Every authorized user can view and edit a file simultaneously, and everyone can see real-time changes to the file. As a result, you can save a lot of time; otherwise, you’d have spent traveling or meeting in person. 

Since around 55 million meetings are held weekly in the USA, collaborating on the cloud can lead to a significant productivity booster. 

4. Anywhere, Anytime Access 

One of the most significant benefits of cloud-hosted ProSystem FX tax software is remote access. You can access the tax and accounting software using your preferred device, regardless of location. All you need is access to an internet-enabled smart device like a tablet, iPad, smartphone, or laptop. 

You can use a web browser on these devices to log into your ProSystem FX account and enhance your accounting capabilities from the comfort of your home or while on the go. Depending on the authorization level, you can collaborate on the same file and update it accordingly. This way, you can eliminate the need to be physically present in the office and bound to work on a dedicated device.

5. Multiple Add-on Integrations 

You can use various third-party applications with ProSystem FX tax software to enhance your accounting capabilities. However, you’d need to upgrade your hardware resources when integrating these add-ons on local systems. 

By hosting ProSystem FX tax software on the cloud, you can integrate multiple add-ons with the software. You can scale your resources without replacing any hardware according to your requirement. All you need to do is convey your requirements to the cloud hosting provider, and they will take care of the rest.  

6. Hassle-Free IT Management 

In-house management of ProSystem FX requires you to handle the IT needs from scratch. It includes software installation, maintenance, and purchase of new hardware devices. With so many inclusions of on-premise ProSystem FX software, it becomes challenging for accounting businesses to focus on their core tasks. 

However, ProSystem FX Tax cloud hosting providers manage all your IT needs. If you encounter any problem, you can contact the customer support team of your service provider, and they will assist you. You can use various means of communication like phone, chat, or email and ensure a seamless IT experience for your business. 

Why Ace Cloud Hosting for ProSystem FX Tax Hosting Services? 

All the dynamic features of ProSystem FX tax hosting have made accounting more effortless. You get all-time availability of the software, along with better security and collaboration. This, in turn, helps you provide transparency into project management and build better relationships with clients due to easy collaboration. Most importantly, it enables you to create new revenue streams for your business. 

If you have any queries related to hosting ProSystem FX Tax software, contact Ace Cloud Hosting at +1-855-910-8219. Alternatively, you can drop us an email at [email protected]. We are an Intuit-authorized commercial hosting provider with over 14 years of experience providing the best-in-class cloud solutions. Our cloud services include managed server hosting, private server hosting, application hosting, and Desktop as a Service (DaaS).