Priviley Launches Cloud-based Accounting Software

New 'outsourced' cloud-based software allows companies streamlined and complete control of their accounting functions with substantial overhead cost savings.

BOSTON--(BUSINESS WIRE)--Priviley LLC, a nationwide provider of accounting services and financial consulting, announced the debut of their new cloud based accounting and finance management module, codenamed Beacon. The new software allows greater control and anywhere access to critical financial data and reports, while dramatically reducing costs.

“Now our clients can work collectively on financial applications with their employees and can collaborate on the same data and reports with our staff concurrently”

"I am very excited about our new release," said Chris Britt, Priviley CEO and co-founder. "Previously this software and level of access was only available to our in-house Boston accountants to help better serve our clients, whether at the home office or on the road. We have implemented many upgrades and changes since the internal introduction of Beacon in 2009. I realized that our clients would benefit greatly with access to the same tools and data that we used and compiled daily."

Priviley's Beacon interface allows real-time access to companies' financial data: income statements, balance sheets, accounts payable, accounts receivable, payroll, and cash accounts. When one had to previously wait for end of month reconciliation for certain reports, data is fed into Beacon several times daily. Clients no longer have to telephone or email their accountant to request updated financials and then wait for the report to be generated and then faxed or emailed back. Clients are now able to generate accurate reports in real-time and download data at the office, at home, or even on the road. Tax preparation is completed with greater ease and in less time, saving the client time and money.

"Now our clients can work collectively on financial applications with their employees and can collaborate on the same data and reports with our staff concurrently," said Britt. "Our clients no longer have to shift between multiple websites and companies to pay bills, process payroll, review tax filings, or invoice clients. Beacon allows companies to outsource the accounting module through us, saving them considerable amounts of time and money, while dramatically increasing productivity. Our quick and responsive tax preparation results clearly demonstrate the efficiency of Beacon."

Whatever stage of growth your organization is in, Priviley provides a holistic and realistic approach to the accounting function that solves problems and helps you shift your focus from reactive to proactive. From the emerging startup to the mature conglomerate, we provide strategic accounting support that addresses the specific needs of your organization.

For an emerging startup in hyper-growth mode, things are changing rapidly. The challenges of scaling internal control processes and developing sound and consistent reporting practices are key factors in measuring success. In these early stages, it is critical to have an experienced team to help you avoid the pitfalls that plague many companies. We offer a comprehensive fixed price solution that provides an interim or outsourced CEO/CFO for your organization, enabling you to concentrate on growing your business and following your passion.