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The future of accounting with Lara.

The benefits of automated accounting. . 1. Faster turnaround Automated accounting solutions help save your accountant’s time and effort. Your accounting team can now give results quicker and with more accuracy. This opens up the possibility of taking on more clients and expanding your market presence. 2. Data accuracy Data accuracy is critical to financing operations and maintaining a good reputation with clients. Even the most cautious and thorough professionals may make unobvious mistakes like misplacing a number or forgetting a decimal. Automated accounting helps reduce the possibility of errors and ensures better accuracy. 3. Cost reduction Accounting automation software helps automate mundane clerical tasks, thus helping you save on costs. Automation can process more records in less time and at a lower cost. When using accounting software, you do not require to invest in a large accounting team to complete transactions. 4. Comprehensive analysis Accountants and AR analysts need relevant and accurate data to track trends, identify fraud, and calculate various metrics that indicate a business’s financial strength. Data collection and compilation can be made easier with automation. Self-service analytics features in automated accounting solutions allow even non-IT staff to create reports and visualize data easily. 5. Better security Traditional accounting systems involve a lot of paperwork like large ledger books, journal entry records, and more. There’s a high chance of these papers getting lost, leading to inefficiencies due to the loss of backup. Automated accounting systems can help keep your accountants ensure that data is organized and stored securely on the cloud or on on-premises data centers. 6. Faster data retrieval In pre-digital days, hundreds of paper-based files and books were stored in rows of cabinets. To extract a document, you had to scout through bundles of records. This is a tedious way to search for information. With automation solutions, locating and retrieving data is easy. You can search with the file name, owner name, or other meta tags to locate the document. Archiving data is also easier and less expensive with automated accounting systems. #artificialintelligence #ai #technology #tech #robotics #innovation #business #engineering #automation #future #digital #automatedaccounting . Source: HighRadius. (2023). The Ultimate Guide to Automated Accounting: Benefits and tips. Retrieved from https://lnkd.in/e3RqsXAj

Berlin has long been a hub of youth culture, with a large techno dance and street art scene that is famous around the world. This youthful energy has also carried over into the economy. Berlin now attracts 40% of Germany's startup capital, putting it on par with London in the European rankings. . A new startup emerges every 20 minutes, giving rise to the name "Silicon Allee". . There are several favorable conditions that give Berlin an edge in this race. The city boasts a low cost of living compared to tech competitors like London, San Francisco and New York City. There is also a steady stream of skilled labor in Berlin, not to mention easy access to the rest of the EU. . #berlin #berlincity #berlín #siliconalley #siliconallee #berlinberlin #berlingermany #germany #europe #unternehmer #unternehmen #unternehmerin #entrepreneur #freelancer #techno #technology #startup #startupberlin #startups #startuplife #startupgermany #trendingsound #berlinradio #siliconalley #berlinberlin

As the name suggests, Conversational AI is all about executing automated conversations between computers and humans. Being communication-centric, the technology finds natural use-cases in marketing, sales, or customer service frontends in the form of messaging apps, chatbots, and voice-based assistants. By mimicking the nuances of human conversations, customers get the impression that they are communicating with a human agent instead of a program. The end result? Hyper personalised customer experiences! To begin using Conversational AI, a great starting point is to integrate your systems with Natural Language Processing (NLP) and Machine Learning (ML). This empowers the tech to accurately interpret customer conversations and automatically respond with relevant answers. Not only does this improve business processes, but it also improves communication experiences at customer-ends. But what turned conversational AI from a mere trend to a technological pillar? Ease of use and better accessibility top the list. Influenced by today’s on-demand digital economy, customers have a natural tendency to expect quick query resolutions and seamless conversations while interacting with your organisation. Add to this the constant shift from phone calls to text-heavy social media channels, such as Facebook and Whatsapp, and the picture becomes clearer! . . #artificialintelligence #ai #technology #tech #robotics #innovation #business #engineering #automation #future #digital

WhatsApp is already the most used messaging app and opens up markets for you: As we highlighted in our previous post, WhatsApp has established itself as one of the most widely used messaging apps globally. With over 2 billion monthly active users as of 2021, it has a massive user base that spans across countries and demographics. This widespread adoption of WhatsApp presents a significant opportunity for businesses to tap into new markets and reach a large audience. By leveraging WhatsApp as a communication channel, businesses can potentially connect with millions of users who are already familiar with the platform. This reduces the barrier to entry and provides businesses with a ready-made market to engage with. Whether you are targeting local customers or expanding internationally, WhatsApp’s popularity ensures that you have access to a broad user base to promote your products or services. Germany boasts an impressive user base of 48.3 million on WhatsApp. It not only ranks among the largest in Europe but also secures a position in the coveted Top 10 list of countries with the highest number of WhatsApp users worldwide. The platform’s popularity is evident as 84% of individuals aged 24-35 in Germany are active users, while even among users over 65, the penetration rate stands at a commendable 78%. . Source: Backlinko. (2023, March 28). Backlinko. https://lnkd.in/gq4uiqZq . . #artificialintelligence #ai #technology #tech #robotics #innovation #business #engineering #automation #future #digital #whatsapp #whatsappforbusiness #businessinfo