The transition to Cloud computing for financial professionals requires a well-developed plan with secure implementation. It is not a matter of whether a company will make this transition; it is more a matter of when. Rather than trying to put off the inevitable, proactive individuals should make the transition as quickly and easily as possible.


Things to Consider

In any industry, careful document management is always a consideration. When this consideration involves a paperless office in the financial sector, a secure Cloud environment becomes necessary. Both internal corporate files and external client information must be protected and remain fully secure. Document management is the place to focus when a concern for secure files exists.


Data Loss Equals Financial Loss

Once the transition to the Cloud is complete and the use of hard copy documents is eliminated, the paperless office becomes the first and last place to look for missing data. The days have passed when storerooms filled with file cabinets were kept full of old documents. Electronic file storage and the consistent backing up and duplication of documents should become routine practice.

Financial professionals will need to get tech savvy to keep up with the developments driving our economic world. The shift to greater dependence upon technology is not all doom and gloom. The cloud environment is being utilized because it is a time saver and improves efficiency as well as security. Documents and files become accessible from multiple locations on a variety of devices, and this improves overall productivity.


Time Well Spent

As financial professionals consider the adjustments they need to make this year, they should consider becoming more tech-minded to handle the transition to a paperless office. In the beginning, the time saved working in a virtual environment will be lost to this additional training, but in the end, the time saved working in the Cloud will become more time that can be better spent on profit-generating activities.