data analytics in accounting Archives

Prevent Instances of Incorrect Allowance Payments to Your Employees with AI-driven Analytics As AI has increased manifold, using AI-powered data analytics in accounting and payroll systems has proven to eliminate any instances of incorrect payments to employees, curbing underpaying or overpaying, and reducing the load on overheads.

A payroll system in any organization is the most significant cost component, comprising 50 to 70% of the expenses. It means managing a payroll system is predominant. Currently, almost every…

Undergoing restructuring? Here’s why you need big data to transition your accounting data smoothly Businesses generate enormous amounts of data that need to be processed to produce readable insights and outcomes. Data analytics in accounting is a game-changer equipped with all the chops required to make it happen.

June 5, 2022 by Naveen Joshi

Businesses are increasingly adopting newer technologies to make them more efficient. This includes blockchain, artificial intelligence, machine learning, robotic process automation, data analytics, etc. The use of traditional accounting has…

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