This week, Microsoft CEO Satya Nadella sent an email to his employees signaling changes in the company and describing its mission as the “productivity and platform company for the mobile-first and cloud-first world.”
He goes on to say, “We will reinvent productivity to empower every person and every organization on the planet to do more and achieve more.”
This email has inspired dozens of articles analyzing the business mogul’s deeper meanings, dissecting his words line by line. Many responses have focused on Nadella’s plans for increased productivity which is of particular interest to me.
As a CPA for niche markets including veterinary medicine, I work with dozens of businesses, start-ups, and newly acquired operations to ensure companies are operating at peak productivity. To satisfy my customers’ needs, it is essential that I keep their bookkeeping, offices, and practices running smoothly so they can focus on their patients. One way to do this is to stay informed about trends in the industry including the pending cloud conversion of all veterinary practice management software.
IBM Blogger and Account Chief Technologist Gery Menegaz recently noted in a blog page by IBM employees, among his top five predictions for cloud are an increased growth in the market, and increased innovation.
He states, “Gartner expects (cloud) adoption to hit $250 billion by 2017.”
What does all of this mean for veterinary practices? You might want to consider adopting a cloud based software system sooner rather than later.
Electronic medical record keeping is infiltrating hospitals and medical practices across the country. Data released in May from the National Center for Health Statistics says one in four doctors used electronic record keeping for all of their work in 2012, up from just 4 percent in 2007. Medical students should also take note. A study by the University of Southern Florida claims, “Healthcare professionals with the skills and knowledge necessary to develop, implement, and manage IT software and applications in a medical environment are already in high demand, and the field is expected to grow.”
Not only does this dictate a need for IT competency by medical and veterinary students, it speaks to the future of office management and the essentialism of adopting a technologically versatile software system to keep the business running and competitive.
The good news? It will make life easier for your customers and staff. The even better news? We can install an excellent cloud based program for you, or convert your existing software.
At McGaunn and Schwadron, we’re one of the very few US CPA’s who specialize in working with a cloud based accounting software called Xero, which produces beautiful reports and fast bank reconciliation. Xero enables your accounting data to be stored securely in the Cloud and accessible in real-time by you and us, from anywhere, anytime. We have already converted some of our current clients to Xero and they are enthusiastic about the results.
We would love to speak to you about Xero and encourage all of our current and future clients to consider adding this software to your business strategy. We think Nadella would agree.
For more information please visit our webpage dedicated to Xero http://mcgaunnschwadron.com/service/xero-conversion-setup. We also offer a 30 day trial, free.
Mark J. McGaunn, CPA/PFS, CFP® leads the veterinary/dental/financial planning divisions at McGaunn & Schwadron, CPA’s, LLC and can be reached via firstname.lastname@example.org or (781) 489-6651.