Automated bank reconciliation is becoming critical as businesses process higher transaction volumes through digital payments and online banking. According to Oprimus Fintech, finance teams waste 30%-40% of their time on manual reconciliation when using traditional accounting systems, increasing the risk of errors and delayed reporting. The shift toward automation is also being accelerated by government-led…
As businesses increasingly adopt cloud-based accounting software, safeguarding financial data has become a top priority. According to Market Biz Study, 94% of businesses reported improved security after moving to the cloud, though 66% of IT pros still identify security as a top concern in cloud adoption. With cloud-based accounting software, businesses gain not only efficiency…
In 2026, businesses are embracing cloud accounting software as a strategic tool rather than just a bookkeeping solution. By providing real-time data, automation, and seamless integrations, these platforms empower business owners, CFOs, and finance teams to make smarter decisions, save costs, and scale operations efficiently. According to Atidiv Market Research, over 70% of SMEs globally…
In 2026, AI in accounting is changing the way firms work. Artificial intelligence (AI), combined with cloud-based accounting is no longer optional for accounting firms, accounting automation has become a critical driver of efficiency and strategic decision-making. Tasks that used to take hours, like entering data, reconciling accounts, or creating reports, can now be done…
Artificial Intelligence is changing the way businesses handle their finances faster than ever before. According to a Grand View Research report, the market is expected to surge from $4.8 billion in 2024 to nearly $97 billion by 2033, indicating that companies worldwide are rapidly shifting to smarter, automated systems. Businesses are transitioning from manual processes and…
Managing financial data efficiently remains a challenge for many businesses. Outdated systems and manual entries often lead to reporting delays, compliance gaps, and lost growth opportunities. Cloud accounting software solves this by centralising data, automating workflows, and providing real-time financial visibility. Yet, not every platform delivers the same results, and choosing the right one…
A recent study revealed that businesses continue to face challenges with inaccurate financial data, leading to costly mistakes in tax submissions, cash flow forecasting, and investor reporting. Inaccurate figures don’t just create inconvenience; they expose businesses to compliance risks and erode stakeholder trust. In today’s fast-moving business world, manual accounting systems can no longer keep…
In today’s business environment, speed and precision define success. Clients expect prompt service, teams often operate across multiple locations, and decision-makers depend on current financial data to guide strategy. Traditional bookkeeping and desktop accounting systems struggle to keep pace with these demands. To remain efficient and competitive, many organisations are adopting cloud-based accounting solutions that…
The business world is evolving faster than ever, and financial management has become one of the most important factors in staying competitive. Every company, whether large or small, needs clear, accurate, and timely financial information to make sound decisions. In the past, many businesses relied on manual bookkeeping or desktop accounting systems that required regular…
Artificial Intelligence (AI) is changing the game for accountants everywhere—shifting the profession beyond spreadsheets, calculators, and endless reconciliations. In Singapore, where businesses must adhere to strict ACRA  [Accounting and Corporate Regulatory Authority] and IRAS [Inland Revenue Authority of Singapore] compliance rules, embracing AI in accounting and utilising cloud-based accounting software isn’t just a smart move—it’s…