Top 5 Advantages of Cloud Computing

woman in front of laptop computer sitting outside at a cafe

At Altruic Advisors, we use a secure cloud-based network to store and access our nonprofit clients' financial information with ease. Cloud computing has many benefits, especially for accounting services. Here are some of the top advantages of cloud computing:


According to Success Factors, security is increased when using cloud solutions due to the strict ISO security standards that cloud providers must adhere to, in addition to regular security audits. This type of environment allows users to share information in a secure setting instead of using conventional methods such as email. In addition, there is no need to stress over lost laptops or malicious hacking threats.


Cloud computing is one of the most cost efficient methods to use, maintain, and upgrade. There are no upfront capital expenditures, and predictable payments and cloud solutions offer an “easy out” if the users are not satisfied.

Information Technology Management

Cloud computing provides access to top-notch technology without all the stress. The process of backing up and restoring information is much easier on a cloud platform than using traditional methods. In addition, the cloud supplier is responsible for free software updates and renewal. This service allows the user to have a modern interface and enhanced security while saving time.


Working in the cloud means you have easy access to current information anytime and anywhere. Multiple users and computers can have access to information simultaneously, enhancing efficiency. The need for file cabinets and storage space is eliminated, while the ability to store data is unlimited.

Environmentally friendly

Cloud computing reduces your nonprofit’s carbon footprint. According to recent studies, using a cloud-based platform results in at least 30% less energy consumption and carbon emissions than using onsite servers.