Category: Forward Thinking

Blockchain based AccountingRead more

Robotic Finance Transformation – Opportunities and Implications

The financial automated robots provided opportunities for industries to understand the market trends and process the financial data efficiently and effectively. Due to the limited ability of man to process data, these machines are vigorously disturbing the opportunities for human data analysis positions. It has potentially outsourced about 50% financial service opportunities. Most of the artificial intelligence robots used for financial purposed are integrated with high data and low data analysis, respective to their working domain and analytic requirements.


Leverage the Digital Resources

Large-scale companies and small businesses use cloud storage for hardware and software services. This financially benefits the company as it saves the cost of storage rooms and warehouses. Through cloud accounting, authorized personnel can access the company's database from anywhere as long as they're connected to the Internet. With this technology, the company can save up the cost of hiring technical staff as most of the work is done through cloud accounting.


Power of Mentorship

"A mentor is an important source of raising the potential or taking a step toward object developments. The influence and inspiration provided by the mentor is important for an individual or an organization to evaluate and progress further in the direction, or change the objectives wholly and adapt new ways to increase success. There are always people who influence, redirect and reaffirm your goals to help you understand yourself better. The mentorship is also a profession by many individuals, as it is a field of study for people who provide professional advice on various subject matters."