Technology has come a long way since Microsoft introduced Excel in the 1980s, and accounting and finance professionals’ roles have changed as technology evolved. With automation and AI features in today’s accounting platforms, reporting is easier than ever. There is less opportunity for manual error, and in many cases, data can be presented in real time. There’s even been a phrase that has spawned for all this innovation, fintech.
With the right financial reporting platform, you can expect to automate, streamline processes, stay competitive, and even become a leader in your industry.
Automate and streamline processes
One component technology brings to financial reporting is the ability to automate traditionally manual processes. This not only saves time, but reduces the margin of error significantly. Automation takes the guesswork out of number crunching, and gone are the days of spending hours sifting through formulas in complex Excel spreadsheets to find the one error that throws off the whole report.
Automation also provides