Joseph Shoichet Consulting (www.Shoichet.com), a Toronto bookkeeping consulting practice, is responding to the Bank of Montreal signing a cloud-based accounting software deal with FreshBooks. —
The Bank of Montreal (BMO), a large national bank, has announced a partnership with cloud accounting solution FreshBooks. BMO will now use FreshBooks’ cloud-based accounting software with its customers who operate small businesses through the bank. (Source: “BMO, FreshBooks Bring Cloud Based Accounting Software to Small Businesses,” Techvibes.com, June 1, 2015; http://www.techvibes.com/blog/bmo-freshbooks-bring-cloud-based-accounting-software-to-small-businesses-2015-06-01.)
“Business owners are finally just accepting that cloud technology is not only viable, but actually improves the operations of their organization,” says Joseph Shoichet, founder of Joseph Shoichet Consulting. “We’re seeing it a lot with our small business consulting services, with many clients turning to cloud software to better manage their accounting.”
Services that BMO clients will be able to access through the bank’s incorporation of FreshBooks include managing expenses, receiving and sending online payments, delivering invoices, and tracking timesheets.
“It’s a sign of the times,” Shoichet adds. “When large corporations begin to utilize popular technology to further assist smaller businesses, then you know we’re basically living in the future.”
“Banks place some of the most stringent protocols on how their operations are run and the technology behind their functionality, as they should. So the fact that BMO is using FreshBooks accounting software to handle daily tasks of its small business clients should give the industry confidence that cloud accounting software is secure enough to be used on a large scale,” Shoichet concludes. “We at Joseph Shoichet Consulting hope the deal between BMO and FreshBooks alleviates much of the security concerns some people have expressed with cloud software.”
Joseph Shoichet Consulting specializes in providing accounting software consulting in Toronto, along with financial and tax services to individuals and small businesses in Toronto. For more information, visit www.Shoichet.com.
Release ID: 85118