Using Drake software in hosted environment, what's the catch? - Computers - Software
Drake software is unarguably the most popular tax preparation software because of its ease of use and comparatively low price. Drake software scores in term of excellent customer satisfaction, reliability, and good processing speed.
Benefits of using drake software are somewhat doubled if you use tax software as a hosted application. Count the features provided in drake software suite before going into gains from hosted environment.
Over 6000 federal and state forms and schedules: Drake software includes all federal package like 1040, 1040NR, 1041, 1065, 1120, 1120S, 706, and 990PF. It includes 47 state packages. Each package is comprehensive, offer both individual and businesses returns. So drake software suite includes the most comprehensive set of tax forms and schedules and you get all this on one low price. So, It is not required to buy separated modules. E-filing at no additional cost: Fast, easy and free e-filing option comes bundled with drake software. There are no pay per return transmission fees, no third party e-filers. E-filing is hassles free and more secure.
Reporting and diagnostics tools : you can create reports like client & Ef reports, real time web reports, standard or custom reports with reporting tool provided in drake software. For diagnostics purpose Drake comes equipped with a tax year comparison tool and provides messages, notes to help you prevent IRS rejections.
Included programs: Following additional programs are included in current price $1395 of the drake software:* Drake tax planner: to allow you to add revenue to your office and assist clients in making decisions in an increasingly complex tax environment.* Document manager: It helps you to cut number of paper documents you stores in your office. With document manager you can easily create, organize documents, and find documents, without ever having to store a paper copy. It is a feature that can greatly ease your paper handling tasks.* Client write up: include every thing you need to process monthly accounting, payroll and financial statements for most small businesses
Above stated features are core and noted features of the drake tax software package currently present in market.
Drake software as hosted application:
The process of tax return filing and usage of above stated features can be made more efficient and enhanced if drake is accessed through application hosting service providers. Examine gains if we use drake software as hosted application.* More economical and smart decision: If you want to have in-house installation of tax software, it will involve expenditure for installing local network, server installation, occasional upgrades, technical support and cost on IT staff for managing this infrastructure. With services from application hosting provider and using drake software as hosted application you need not to invest on these fields. Onus is on service provider to provide this.
* No infrastructure obsoleteness: - since infrastructure is managed and provided by service provider, users have access to the most advanced technology in the field. So there is no issue of obsoleteness of IT infrastructure.
* Integration of add-ons:- Add-ons are extra modules for extending the functionality of the software. Variety of add-ons of Drake software is available which can be easily integrated with in the hosted environment, offering diverse solutions to clients and thereby increasing profitability.
* Ability to work remotely (anytime anywhere access to your data): Main advantage of hosted applications is that you can have access to your business data anywhere, anytime. Thus your application will have device and location independency.
* Scalability: As hosting services are easily scalable, you will be able to act more swiftly according to market demands. You will be able to cater the increased demand without any additional costs.
* Data backups and data security: Regularly updated data backups of the applications are maintained to ensure that no business loss happens in case of local system failure. To prevent any malicious attacks on your data, topnotch security mechanisms and state of art encryption algorithms are used.
So the Drake Software as a hosted application is definitely much more economical and productive option as compared to the in-house installation of the Drake Software.