April-2021 report ,How trends in finance, Accounting 2020 have reshaped; banking services see rapid changes
Marudhar Kesari Jain College for Women, Vaniyambadi PG Department of Commerce CA April Month Report 2021 How trends in finance, Accounting 2020 have reshaped; banking services see rapid changes 1.Acceleration of cloud-based accounting Cloud-based accounting solutions have played a major role in the successful transition to pandemic-induced remote working. We have seen several years of digital transformation in just a few months. Beyond enabling anywhere and anytime access, cloud accounting allows: Systematization of remote collaboration, breaking the communication impasse between internal and external entities like accountants, CFOs and business owners. Augmented productivity levels due to elimination of data entry and automation of day-to-day tasks. Ability to glean cross-functional, real-time insights from multiple business sources and provide lead...