Let us check out a typical “payments day” for Raj, a Proprietor of a supermarket with two outlets and his accountant before adopting connected banking.
The accountant logs into the accounting tool and the two current account banking portals. Through …
Since the boom of digital transformation, transactions have become online and accountants have shifted from piles of ledger books to accounting software.
However, business owners and accountants are struggling to unlock the full potential of their SBI current accounts and …
Manual processing of documents is a nightmare for accountants. With non-reconciled invoices and unpaid bills piling up, it becomes increasingly difficult for accounting professionals to keep day-to-day track of the books of account.
As such, automated bookkeeping has become a …
Prior to the introduction of GST (Goods and Service Tax), goods were consigned based on an invoice or a delivery challan. These goods were verified on the incoming and outgoing checkposts of the respective regions. This resulted in heavy investment …
Accounting automation refers to the use of technology to streamline accounting processes and reduce the need for manual intervention. This can include the use of software to automate tasks such as data entry, bank reconciliations, and financial reporting…
Growth stages for a business come in different forms, bringing along either a technological or financial foothold at a time. Upskilling technical proficiencies while cutting costs helps companies to stay on top. In the digital epoch, technological evolution with the …
As discussed in “The Changing Landscape of the Accounting industry in 2023 part 1”, accountants face many challenges today, and the need for “financial automation” is evident. This article looks deeper at how Fintechs drive this digital transformation …
“If you want to start a financial company, instead of spending two years and millions of dollars in forming tons of partnerships, you can get all of that as a service and get going.”
~ Andressen Horowitz
As the co-founder …
