Report: Cloud Users Earn More Than Naysayers

Hand drawing cloud computing diagramAccountants slow to adopt integrated solutions.

By CPA Trendlines

Small businesses that use cloud-based software to support critical business functions make more money than those that don’t, according to research reviewed by CPA Trendlines.

Companies surveyed who are embracing the cloud achieve 25 percent additional growth, while doubling their profits. Those companies make up 51 percent of U.S. small businesses, with 29 percent using three or more packages. The United Kingdom is close behind, with 47 percent adoption and 27 percent using three or more packages.