How accounting automation multiplies business outcomes with powerful integrations

Manufacturing industries were the first to leverage the power of automation, which is now no longer reserved for manufacturing but has extended to almost every industry. With automation, there has been a significant evolution in the finance industry. Finance professionals are adopting digital solutions in every way possible. But, a few facts, state that accounting automation processes are yet to go a long way. A recent survey by IMA (Institute of Management Accountants) and Deloitte state that,

75.7% of respondents process their business accounting either fully manually or need considerable manual intervention.

The main challenge perceived is the slow adoption of the available automated accounting software. It may initially feel challenging but digitising the finance functions has proven more approachable when split into a step-by-step process. Leveraging emerging technologies to enable accountants to conduct strategic planning, analysis, and execution can save hours consumed in maintaining tedious reports.

Read on to understand how accounting automation is a game changer.