The recent pandemic has changed the layout of how companies are incorporating new technologies. Please join the speakers for a discussion on “How Digitisation is Affecting Funding”. We have the accredited Mr. Ts. Saiful Bakhtiar Osman as a speaker representing ASCENT.
Emerging digital technologies are making it easier for businesses to manage their operations and serve their customers more efficiently. The financial services sector is undergoing large-scale digitization that has widespread implications for how companies in the sector run their businesses. New technologies are enabling banks, insurers, and other established financial services companies to overhaul their operations and identify different ways of serving their clients.
Paperless accounting, accepting invoices and other files by means of an interface directly into the accounting system, management of data quality, process automation, integrated consolidation system, real time reporting, and cloud computing are some of the digital solutions being implemented by organisations.
Digitization of operations is not only beneficial for those working within the organisation but also for their clients and partners. The advances in accounting technology has eased the way through digitization and done away with the need for on-site consultations as both accountants and clients are able to access real-time data remotely, and view, edit, and comment on their statements simultaneously. As a result, a company can connect with clients in the most convenient of ways and serve a higher number of clients due to faster and more efficient processes.
Adoption of these technologies is important to develop timely financial insights and stay ahead of the competition. As organisations face mounting pressure to optimize costs, pricing, and efficiency, they are creating a “paperless office” within their finance functions.
To have more insights into this, fund accounting support and to understand how ASCENT makes use of a wide array of robust technology aiding in operations of funds, please contact our representatives.