A brief snippet on how the technology has simplified the financial accounting so that MIS reports and analysis can be generated faster and more accurately
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- < 1 minute
- By Taxmann
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- Last Updated on 27 September, 2021
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Ever since the pandemic outbreak, digital adoption has expedited significantly. Businesses across sectors have been treading on the path of the tech revolution and financial segment has been no exception. Embracing technology has disrupted the role, structure, and industry dynamics of financial institutions. The operational strategies of organizations as well as their business models have also altered in an attempt to survive and thrive amidst the turbulent times.
However, one of the peculiar transformations that technology has brought about is that accounting has become simplified and digital. While this process was done manually so far; due to digital adoption, automation is picking up pace and will shape the future of the accounting segment.
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