Cloud solutions offer a silver lining

Every cloud has a silver lining, so the saying goes. It usually means the end of bad weather and maybe sunshine ahead. A kind of metaphor for optimism, which means a negative occurrence may have a positive aspect to it.

A couple weeks ago we spoke of clouds getting in the way, as performed by Joni Mitchell. She was not the only who had a problem with clouds. In 1965, the Rolling Stones also did not have much time for anybody invading theirs.

The smash hit Get Off of My Cloud, according to Mick Jagger, was a ‘stop-bugging-me, post-teenage-alienation song’.

It’s not all bad news about clouds though. Despite dark clouds of Covid-19 still casting their pall over the UK with the further extension of lockdown, there is a silver lining.

The jobs market grew in May and during the recent sunny weather, hardly a cloud in sight, the economy got another significant boost.

Despite the ongoing social distancing restrictions, the total amount spent at UK pubs jumped 4.5 per cent over the weekend (12-13 June), compared to the previous weekend (5-6 June), likely thanks to football fans watching the opening games of Euro 2020.

Supermarket revenues were up 1.9 per cent, as people bought picnics to enjoy in the sunshine

Both sectors also outpaced their pre-pandemic performance – pubs and bars were up 1.6 per cent compared to the same weekend in 2019, and supermarkets were up 16.3 per cent

Petrol spend was also up 3.4 per cent week-on-week, with more friends and families taking advantage of the great weather to get together

Rob Cameron, CEO of Barclaycard Payments, said: “It wasn’t just football fans that had cause to celebrate this weekend – the combination of sport and sunshine brought a welcome boost to the UK economy, especially for pubs, bars and supermarkets. While this continues to be a challenging trading period for the hospitality industry, these figures are hopefully an early indicator of brighter times ahead when all lockdown restrictions are lifted.”

The growth in the economy means a growth in business for accountancy firms, as the economy wakes up.

They will need all the help they can get, and that’s where outsourcing to a leading exponent like GI Outsourcing is beneficial. We embrace the latest app-based cloud technology and can help you and your clients do the same.

Whether its cloud software to access business finances in real time, 24/7 or the latest apps to help an enterprise really move up a gear, we have got things covered.

We work with all major software suppliers, including Xero, Quickbooks, Freeagent, Sage, Dext, Autoentry, Hubdoc, Iris, Digita, Taxcalc, VT, CCH, Twinfield and many more.

While this technology covers so many areas, the human touch is also needed at times. Many processes, including much of the work involved in bookkeeping, accounts and payroll, fall into the category of being better carried out by a human but with little to no benefit in carrying them out locally.

Again, we can outsource this work to experts in the field. So, you are covered from the high-tech end to the more mundane matters, allowing you time to deal with important clients on a one-to-one basis.

Pay for what you need and never more. Our services are available all year round, as and when you need them.

Contact our UK-based team of account managers today to find out how we can help your firm.

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Posted in Blogs, For Accountancy Practices.