“Cloud computing is the future of accountancy and finance and businesses need to embrace it now or risk being left behind,” was one of the key messages to come from Ireland’s first ever cloud accounting summit. People from all corners of the country packed the Crowne Plaza in Dundalk last Wednesday to hear leading cutting-edge cloud software/cloud accounting experts as they engaged in talks and networking with representatives from SMEs from Dundalk and throughout Ireland.
Hosted by UHY Farrelly Dawe White Limited, the North East Cloud Accounting Summit featured speakers including Tibbs Pereira from Microsoft and Stuart Hurst, head of cloud accounting at UHY Manchester. The speakers discussed why businesses should use cloud accounting and looked at how the technology can help businesses manage their finances in 2018 and beyond.
Cloud accounting allows businesses the freedom, flexibility and security to managing its work from anywhere, at any time, from any device. It can simplify and reduce the time businesses spend on time consuming tasks.
Some of the benefits of cloud accounting that were explored and discussed at the summit, which was MC’d by RTE’s Michael Comyn, include greater control of a business’s finances, the flexibility to work from anywhere at any time securely and access to real-time data to help businesses make the best decisions.
Speaking after the summit, Alan Farrelly, Managing Director of UHY FDW Ltd said “We are delighted to have had so many leading cutting-edge cloud software experts take part in the summit. Cloud accounting is the present and future of accountancy and finance. Figures show that Irish businesses are among the most innovative among the European countries, with 36% of enterprises using cloud computing – the 4th highest in Europe and well above the European average. The aim of the summit was to make sure that this trend continues and that more Irish business continue to embrace cloud software so that we stay to the fore of innovation.”
Tibbs Pereira, Microsoft Sales Leader said “Organisations of all sizes are embracing Digital Transformation in a rapidly evolving world, with automation and artificial intelligence becoming ever more pervasive. At the Cloud Accounting Summit, attendees were inspired by leaders in Accounting, Finance and Technology demonstrating the benefits of Cloud solutions for a variety of industries. Thanks to UHY Farrelly Dawe White for organising and hosting this important and successful event.”
Xero, World’s Most Innovative Growth Company (Forbes 2014 & 2015) and an integral part of the UHY FDW Ltd cloud accounting package was the lead sponsor of the North East Cloud Accounting Summit.
UHY Farrelly Dawe White Limited, based in Dundalk, is a UHY member firm and are one of the leading assurance and advisory firms on the east coast of Ireland, working with clients in both Ireland and Northern Ireland to assist business growth at local, national and international level. UHY FDW’s experienced personnel have been providing taxation and accountancy advice for many years. UHY FDW has been in operation for almost 30 years, now operating out of four offices in Dundalk, Balbriggan, Dublin and Newry, employing over 50 staff making it the largest firm in the North East.
Pictured above main: UHY FDW Ltd MD Alan Farrelly, Gavin Fell from Receipt Bank, Gareth Pugh from Chaser, Glen Foster from Xero and Stuart Hurst from UHY Manchester