Challenges of Manual Accounting
Time-Consuming Tasks
Manual accounting wastes 30% of business time due to extensive data entry and calculations, making outsourcing a practical solution.
Human Errors
88% of spreadsheet issues stem from human errors, disrupting financial accuracy and creating costly mistakes.
42% of companies fail compliance audits due to inaccuracies in financial records, highlighting the need for automated tools.
Compliance Issues
Manual processes increase labor costs by 40%, requiring more manpower and inflating operational expenses.
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High Operational Costs