Robotic Process Automation, or RPA, offers interesting benefits for the financial services industry. It may offer solutions for companies who want to improve efficiency in their finance and accounting departments. The key is focusing on innovation within the company to cut costs and improve results. What is RPA? What is RPA in finance and accounting? When
The tech sector is still vigorous in discussions around blockchain. Everyone is still quite excited about the potential of this relatively young technology. While some aspirations are possibly too ambitious, there are some applications that have more than a little potential. In some practices, blockchain feels like the only viable direction to move. Master data
The vast majority of companies, from big enterprises to small startups, are looking for ways to get more out of every dollar. Using financial process re-engineering, the current workflows should be analyzed and re-thought to avoid any activities that do not directly add value. A few ways the business process re-engineering financial services might look include: Cutting Costs
Data warehouses have been around for decades. As one of the longest-lasting methods for managing data, many warehouses — still in use today — are plain antiquated. Modernizing these resources has been a priority for many enterprise systems, but upgrading just for the sake of it is never a good business model. Instead, modernization needs
Reconciliation in finance and accounting refers to the process of comparing transactions recorded internally against monthly statements from a bank, credit card company, or other external source. The aim of account reconciliation is to ensure the records coincide with each other. You can find your financial transactions on your bank statement, your credit card statement,
Object identification and recognition is an area within the field of artificial intelligence (AI) that focuses on robots recognizing different objects. As AI machines become more and more part of our everyday lives, machine learning is making improvements on image tagging and object identification skills. Google and Microsoft are examples of just two tech giants
We are very proud to share with our customers that Techwave has achieved AWS Advanced Consulting Partner status. This differentiated accreditation for AWS Partners means Techwave is now recognized as having: Demonstrated significant investments in AWS practices Extensive experience in deploying customer solutions on AWS Provided value-added transformation work to AWS customers Best in class
Businesses that make decisions based on ‘customer intelligence’ must find data management tools to organize the huge amounts of information collected by marketing analytics, Big Data, customer input, and business connections. This is where an MDM Master Data Management software platforms can take your customer data to a place where decision-making can impact corporate growth and
Service Desks have moved to the next level thanks to AI-based Chatbots. The work environments are bound to improve in the future drastically for good as Chatbots help humans to save time from repetitive, monotonous tasks Artificial Intelligence (AI) and Machine Learning (ML) enhance our lives in more ways than one. Updates on food ordered
From procuring parts to shipping out finalized products, supply chain management is at the heart of many businesses. With better supply chain operations and management technology, a business can optimize its inventory, gain critical insights, and provide better client care. Here’s what you need to know about the importance of operations and supply chain management. The