Category: Finance

How Automation Bots can Simplify Bookkeeping?

How Automation Bots can Simplify Bookkeeping?

Automation has made a foray in nearly all sectors in some way or the other. Technologies like Robotic Process Automation(RPA) are being used for automating rule-based processes. In other processes that require intelligent automation, Artificial Intelligence(AI) and Machine Learning(ML) are used along with RPA. The financial sector has several rule-based, repetitive processes that can be […]
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Why you Must Automate Account Reconciliations

Why you Must Automate Account Reconciliations?

Account reconciliation is a critical element of any business. It helps an organization ensure the completeness and accuracy of all its financial statements. It is done to substantiate the balance stated in the general ledger by comparing the general ledger balance to independent systems or third-party data, or any other type of information. It is […]
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