An accounting sector supports accounting services and industries they are linked with. The banking industry operation team spends half of their time delivering and processing data from bank statements to verify Incomes, KYC documents, loan processing, Statements and Cheques. The accounting sector records accounts payable and receivable, Inventory, Payroll, Fixed assets, Billing clients and customers tracking assets and expenditures, Managing payroll and keeping track of crucial tax documents. Making a record of such standardized documents can be exhausting and tedious as well. Chances of human error can be higher when these statements are recorded in a physical format.
The job of processing bank and credit card statements may seem easy but it takes a lot of manual effort.
