Accountants Forecast Sunny Outlook for Economy, Business Prospects and Job Growth

New Right Networks Survey of Accounting Professionals Finds Cloud Technology Driving Productivity, Reshaping Workflow to Allow CPAs to Deliver More Strategic Guidance and Advisory Services

September 26, 2017 – Hudson, NH – There is reason to be optimistic about job growth and an upward trend in the near-term economy, according to those assigned with keeping a close watch on financial data. According to a new survey released today by Right Networks, accounting professionals feel confident about the prospects for increased business growth and stability throughout their industry and the economy as a whole. The Right Network Cloud Impact survey polled 364 CPA firms, accounting professionals, and small businesses about their confidence in the economy, their business prospects, and the impact of cloud technology on their business operations.

Cloud Technology Critical to Optimism for Future

  • In the customer sampling, 75% of the respondents using cloud storage and application technology indicated they are “very confident” about the future of accounting and their respective role in the industry. Another 21% said they were “moderately confident” about their future.
  • Of those responding, 40% identified as willing to embrace technology as “early adopters” and are committed to investing in start-of-the-art technology and applications, including the cloud, to deliver the highest level of service and value to clients.
  • With an increased confidence in the overall economy and their businesses, 59% of the respondents indicated they plan to hire new employees with six months.

Technology Allows for More Time with Clients

  • Over 63% of those responding were motivated to upgrade technology to either automate administrative tasks and increase productivity and efficiency or institute more flexible and responsive solutions for clients who increasingly expect an “always available” approach.
  • The survey also indicates a significant trend among accounting professionals toward increased strategic and consultative roles for clients, with cloud-based accounting solutions allowing for more financial and business guidance to customers. 52% of the respondents in the survey believe such a trend will continue in the foreseeable future.
  • Moreover, the cloud-based solutions are allowing accountants to work on the aspects of their industry they enjoy the most. Allowed to choose more than one answer, 67% of respondents indicated they like building relationships with clients, followed by advising on clients’ business strategy, e.g., forecasting, risk management (35%) and engaging new business and winning clients (33%).

Accessing Data Critical to Efficiency

  • When asked to assess the top benefits of cloud-hosted solutions on a 1-to-10 scale, accounting firm managers ranked access to customer data “anywhere, anytime” as the leading benefit, averaging a 6.87 out of 10. That was followed closely by “anytime, anywhere” access to the solution-based software itself, which rated a 5.79. Forty-four respondents also rated highly (5.57) the ability to easily share data with applications and people who need it.

Cloud Users Feel More Prepared for Future Economic Conditions

  • More than half of the respondents pointed to accounting software when asked to name the most important innovation in the industry.
  • Asked to rate their confidence level in the economy compared to March 2017, 61% of the respondents identified as “moderately confident” while another 32 respondents were “very confident” in the economic outlook.

“The findings in this survey help highlight the ever-present need in this industry for evolving technology,” said Rachel Krug, Director of Product Marketing at Right Networks. “We are happy to see such a promising outlook for the future, based on the accounting professionals and CPA firms surveyed.”

For more details, read the Right Networks survey here.

About Right Networks

Right Networks is the leading provider of cloud-based accounting and business solutions for CPA firms, accounting professionals and small to medium businesses who want to gain all the benefits of cloud-based applications without needing to replace what they use today. The Right Networks cloud combines advanced, highly-available technology with 24x7x365, U.S. based phone, email and chat support to deliver an always accessible and always there for you service experience allowing customers to focus on growing their businesses.

Visit https://www.rightnetworks.com/ to learn more about our solution, pricing, and available plans.

Media contact:
Tory Waldron
Account Executive
781-454-6822
twaldron@elevatecom.com

Right Networks contact:
Rachel Krug
Director of Product Marketing
603-324-0488, ext. 3148
rkrug@rightnetworks.com

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Right Networks Named Cloud Hosting Winner of the Accountex USA User Favorite Awards

Receipt of Elite and Unbiased Accounting Technology Award Showcases Right Network’s Dedication to User Satisfaction

Hudson, NHRight Networks, the leading provider of cloud-based accounting and business solutions for CPA firms, accounting professionals and small-to-medium-sized businesses, was awarded with the User Favorite Award in the “Cloud Hosting” category at Accountex USA 2017, an independent expo and conference devoted to accounting technology.

The Accountex USA User Favorite Awards is a unique designation for an elite group of solutions and is based on the Accounting Technology Ecosystem. The User Favorite Awards are decided by a cumulative scoring system rather than the vendor that receives the most votes; users must rank the solutions they use on a 5-star system so that the winners are recognized on reported client satisfaction. It is designed to recognize the solutions that are truly the favorite of the people who use them regularly. This year, there were hundreds of nominees and thousands of votes cast to determine the winners.

“We are honored to have won Accountex’s User Favorite Award for Hosting,” said Rachel Krug, Director of Product Marketing at Right Networks. “Right Networks always aims to offer the highest quality technology and customer service to help our users and businesses of all sizes to easily, affordably, and securely host their favorite accounting software in the cloud. We are thrilled to learn that users in the accounting technology ecosystem are pleased with our cloud hosting solution.”

Founded in 2002, Right Networks addresses the critical need accounting professionals and small businesses have to easily access and share their data with the applications and people who need it in a secure and reliable way anytime, anywhere and from any device. Through this enhanced access and collaboration, Right Networks helps its customers improve business efficiency allowing them to focus on growing their businesses. Right Networks provides its users with 24/7/365 support, daily backups, access from any device. Today, Right Networks helps cloud connect more than 100,000 people at 15,000 companies with their HyperRight™ technology, allowing users to host QuickBooks Desktop in the cloud.

Brian Cuthbert, Group Vice President of Accountex USA, explained the significance of the awards program: “The User Favorite Awards are unique in that it doesn’t just recognize the largest company with the most users. It honors the solutions that have the happiest clients. It creates a true user satisfaction award rather than a popularity contest and on the most expansive ecosystem available today. It is truly inclusive of all accounting technology systems.”

To view the 2017 User Award winners for Accountex USA 2017, please visit: https://www.accountexusa.com/awards/user-favorite-awards-2017-winners/.

About Right Networks

Right Networks is the leading provider of cloud-based accounting and business solutions for CPA firms, accounting professionals and small to medium businesses who want to gain all the benefits of cloud-based applications without needing to replace what they use today. The Right Networks cloud combines advanced, highly-available technology with 24x7x365, U.S. based phone, email and chat support to deliver an always accessible and always there for you service experience allowing customers to focus on growing their businesses.

Visit https://www.rightnetworks.com/ to learn more about our solution, pricing and available plans.

Media contact:
Tory Waldron
Account Executive
781-454-6822
twaldron@elevatecom.com

Right Networks contact:
Rachel Krug
Director of Product Marketing
603-324-0488, ext. 3148
rkrug@rightnetworks.com

About Accountex USA

Accountex USA is the leading independent expo and conference focusing on accounting technology. Accountex USA focuses on the technology that moves accounting forward as well as the business processes and organizational success needed in the marketplace. It is an independent conference, which means that it offers more than one viewpoint of solutions. Accountex USA features the most accounting technology solutions at one major event, plus latest trends and the traditional technologies that still dominate, without any focus on a singular suite of products. www.accountexusa.com.

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Right Networks Surpasses the 100,000 User Mark

Continues Leadership Position in Cloud-Based Accounting and Business Solutions for SMBs and Accounting Professionals

May 9, 2017 – Hudson, NH – Right Networks, the leading provider of cloud-based accounting and business solutions for accounting professionals and small to medium-sized businesses, today announced that the company has reached a major milestone of providing its world-class cloud offering to over 100,000 users, demonstrating its ability to deliver a scalable and reliable service trusted by SMBs and accounting professionals globally.

Founded in 2002, Right Networks addresses the critical need accounting professionals and small businesses have to easily access and share their data with the applications and people who need it in a secure and reliable way anytime, anywhere and from any device.  Through this enhanced access and collaboration, Right Networks helps its customers improve business efficiency allowing them to focus on growing their businesses.

“We are very proud of the growth we’ve experienced and the acknowledgement from our customers that we have positively impacted their business,” said John Farrer, CEO and Founder of Right Networks. “The last 15 years we have focused on improving the way accounting professionals and small businesses collaborate together. As organizations move more and more of their business solutions to the cloud, we are excited to be the trusted provider that so many of them choose to access and share their financial data in a safe and secure environment.”

The Right Networks cloud provides the best of both worlds, allowing its customers to use the on-premise accounting and business solutions they know while gaining all the benefits of the cloud.   Key benefits include:

  • Collaboration between clients and accountants is more effective and efficient with real-time access to data from anywhere, at any time, from any device
  • Sharing financial data with the applications and people who need it is easier with a robust ecosystem of apps that seamlessly integrate within the cloud environment
  • Users spend more time growing the business and less time on IT with automatic updates, upgrades, secure backup and recovery
  • Customers gain the comfort of knowing data is secure and available while they can access U.S. based world-class customer support via phone, email or chat 24 hours a day, 7 days a week, 365 days a year.

 

About Right Networks
Right Networks is the leading provider of cloud-based accounting and business solutions for accounting professionals and small to medium businesses who want to gain all the benefits of cloud-based applications without needing to replace what they use today.  The Right Networks cloud combines advanced, highly-available technology with 24x7x365, U.S. based phone, email and chat support to deliver an always accessible and an always there for you service experience allowing customers to focus on growing their businesses.

Visit https://www.rightnetworks.com/ to learn more about our solution, pricing and available plans.

Media contacts:
John Gates, Elevate Communications, 617-548-8972, john@elevatecom.com
Christine Downs, Right Networks, 603-324-0485, cdowns@rightnetworks.com

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