Client Background
The client is a growing firm of charted accountants (CA) with the nine years of experience in providing professional services in various areas, including Direct Tas, Statutory and Tas Audits, Corporate Advisory Services, Bank Audits, Management Consultancy, Company Law Matters, and Due Dilience. As the firm managed a large number of clients for bookkeeping, taxation, compliance, and other financial services, the accounting and finance team faced challenges in handling the daily workload, capturing accurate data, and minimmizing errors.
Challenges
- The increasing scale of operations created time management and resources constraints for the finance department.
- The manual data entry required for bookkeeping resulted in numerous mistakes and inefficiencies.
- Recognizing the need for a more accurate and efficient solution, the firm sought to optimize resources, minimize errors, and streamline its accounting process.
Strategic Approach
The client aimed to boost the productivity of their finance team without increasing headcount. After extensive research into accounting automation solutions, they identified Fusion Informatics as a potential partner. The decision was driven by Fusion Informatics’ user-friendly interface and seamiess integration with the firm's existing system. This simplified the adoption process and gained buy-in from team members who appreciated the management's efforts to make their work easier by eliminating manual and redundant processes. Fusion Informatics’ AI-powered automation ensured fast and accurate data capture, eliminating the risk of human error.
Impact
- Reduced the time spent by 40%
- Improved the efficiency by 40%
- Increased productivity by 60%
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