Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Australian businesses soaring towards the cloud

Nearly half of all Australian businesses not currently using cloud-based accounting software are looking to be doing so within the next 12 months, according to new research by Xero.

News Staff Reporter 09 December 2014
— 1 minute read

The study, which collected data from 1,622 small businesses from around the world, revealed that while just 39 per cent of small businesses globally are looking to move to cloud-based operations in the next year, in Australia 46 per cent of small businesses are saying they will.


The study also found that 14 per cent of Australian small businesses are already managing their accounts using cloud software, compared to just 11 per cent globally.

When asked about what they considered the best attributes of cloud software, Australian small businesses nominated mobility as the greatest advantage (61 per cent), followed by real–time syncing (38 per cent).

Xero Australia managing director Chris Ridd said the results highlighted the increasing importance that small businesses worldwide are placing on accessibility, ease of use and scalability of their business management software.

“The adoption of cloud accounting software is happening at a remarkable rate, especially here in Australia, with three out of five small businesses set to manage their accounts in the cloud by this time next year,” Mr Ridd said.

“The number of Australian small businesses using Xero has doubled since September last year, and we’re looking forward to continuing to build our small business user base and providing them with the mobility and accessibility features they are looking for in the cloud.”

Small businesses also said limitations to cloud adoption include perceived security issues with the cloud (76 per cent), risk of technology failing (56 per cent) and the reliability of internet performance (50 per cent).

“Xero was born as a cloud product from day one and we pride ourselves on having continued availability 99.99 per cent of the time,” said Mr Ridd.

“The biggest risk to a small business using their accounting files in the cloud is their own technology or internet connection — a gardener cutting the phone line outside or a computer dying,” Mr Ridd said.


Australian businesses soaring towards the cloud
image intro
accountantsdaily logo


Are you thinking of expanding your offering into SMSFs to grow your client base? Become a pro at SMSF fundamentals and make your clients bulletproof with the SMSF Foundations course. Learn directly from Aaron Dunn from Smarter SMSF as he deep-dives into the fundamentals you need to know to successfully undertake your work as an SMSF practitioner. Earn up to 21 CPD hours! Learn more