The True Cost of Manual Data Entry Errors in Business Accounting

Despite the exponential growth of automation globally, many organizations still rely on manual data entry systems for procurement. As your business grows, it is important to start moving away from manual entry of data. There are a lot of risks that come by when you put off automation. Let’s check them out!

The Cost of Staff

Manual data entry requires that you have staff to enter data. It may make sense at the start of the business, since there is very little data to handle. However, growth means more data and more processes. You will need to employ more people and allocate more to salaries and workplace resources.

Cost of delay

Entering information manually is tedious. You have to wait for the data from different channels, sort it, and enter it after updating it in various stages. It is easy to loose data due to fatigue from long hours spent trying to make sense of it.

What’s the remedy?

You can reduce manual data entry errors effectively by automating the process. With automation, you only require dedicated software to carry out the process in real-time without any human input. You also get up-to-date information about your operations to help you make accurate decisions concerning the business process.

Accountants have to wear many hats to ensure their operations are effective. Working with a reliable, professional service provider can help you avoid the hassle of simplifying your accounting process.

Indigo Bookkeeping Services is a highly renowned company offering various tools and technologies to reduce errors and speed up the accounting process. Connect with us to chat about opportunities within your accounting department.