March 15: It’s no secret that digital technology has for long influenced accounting but the sudden disruption caused by the COVID-19 pandemic laid bare financial services organizations’ operational challenges and inefficiencies. But the forward-thinking financial institutions are making the most of the experiences of the last 22 months to safeguard their businesses to increase resilience, improve sustainability and drive growth. Today the sector is more open and willing to make bold moves to reimagine and reconfigure their operations and processes by focusing on the acceleration of automation to help them not only maintain but strengthen their operations and market position. Most digital technology has now involved replacing analog tools with similar digital counterparts, however, the inclusion of automation is poised to change how accounting is done on a more fundamental level. The ecosystem will influence accounting in the coming years and beyond.
With the ever-rapid growth in every sector, the leading enterprises are now highly kinetic, dynamic, resilient, and seek opportunities to drive business value using the latest digital technology. They are embracing automation to drive value by freeing staff from manual and repetitive tasks which as a result is translating into accounting teams closing the books faster and handling operations in an entirely new and highly beneficial way.
Since its inception, Unistanz has seen and acted upon significant changes and evolution, with the trend toward automation, the rise of artificial intelligence, and the push for digital transformation. That’s why the Software Product and IT Services company is now taking on a more prominent role in many organizations as many businesses are looking for ways to differentiate themselves in terms of service quality and positive outcomes.
With this in mind, Unistanz’s QuickReco Tool has presented a popular IT Process Automation platform with which one can “Configure Once & Automate IT Forever”. With the increasing demand for speed and accuracy, IT also intends to assist businesses to improve their IT service management by collaborating with multiple technology alliance partners to improve their employee satisfaction and that is why QuickReco Tool is here to quench the thirst for the same.
Designed to automate manual excel operations by a 100% QuickReco Tool helps in eliminating time and effort spent daily on excel base processes like Data Reconciliation, Calculation, Lookup and reports. The Tool can convert raw data into intelligent reports by completing the reconciliation process based on multiple files and matching them based on simplex or complex keys. It is efficient and easy to use because it has an uncomplicated user interface that is easy to navigate.
The automation tool streamlines the processes and converts inefficient, error-prone, labour-intensive processes into efficient, error-free processes that need very little human intervention. It doesn’t just save time, but also gives more accurate numbers and can automate tasks like Lookup, Calculation and Reconciliation.
More intelligence brings greater resilience resulting in automation freeing people so they can work on critical activities that bots can’t do such as interpreting data, addressing issues, and interacting with other people including customers, vendors, and counterparts.
The unprecedented events like COVID-19 have shown that change is a matter of when, not if, and it is prudent that business reactivity and adaptability is now a survival requirement more than a market differentiator.