It is an age where computers are designed to interpret human language and take the desired action, where cognitive ability has turned out to be a reality and where humans are bound to adapt with programmed machines. It is the age of automation, which is enabling businesses in performing tasks and other activities with perfection, precision, and accuracy.
Enterprises, be it small, medium or large, are left with no other option but to automate tedious business processes such as finance and accounting. Performing such tasks manually keeps the error-rate high and leads to various complexities in performing business activities. It involves a lot of paperwork, time, money, and other resources. Moreover, when ledger books are filled manually or any other accounting activity is being performed, chances of errors increase and it also results in delays. Reports are not up to the mark and accessibility of important financial data and statements is restricted.