Auxiliobits

RPA Revolution in financial services

Key takeways Robotic Process Automation (RPA) is revolutionizing the financial services industry by automating manual & repetitive tasks, streamlining processes, and enhancing efficiency. It overcomes challenges such as human errors, data silos, compliance issues, and inefficiencies in customer service. RPA works by utilizing software robots or “bots” to mimic human…
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How Automation Bots can Simplify Bookkeeping?

How Automation Bots can Simplify Bookkeeping?

Key takeways RPA bots can include several rule-based tasks and recurring processes in bookkeeping. Technologies such as AI and ML make the system capable of learning from the processes to enhance the outcomes. Automation technologies enhance the speed, accuracy, and efficiency of bookkeeping. Bots also reduce labor requirements and costs.…
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Why you Must Automate Account Reconciliations

Why you Must Automate Account Reconciliations?

Key takeways Account reconciliation is a tedious and complex process because it entails verifying each entry in the general ledger, identifying discrepancies, and addressing them. The complexities of the process grow as the business grows. The manual system has several shortcomings that make the process slow and inaccurate. Automation overcomes…
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