Tulasi S Sastri
Ever since computing entered the business world, decades ago, financial processes have been one of the beneficiaries of computerization, with applications from many software developers. Initial focus was on tackling volumes and related manual efforts, and subsequently focus shifted to improving processes, and strengthening controls. Artificial Intelligence (AI), and Intelligent Automation (IA), have further enhanced the scope of such applications to seamlessly integrate IT with operations and provided robust support even in complex situations.
However, the benefits of the new technologies have been confined to large enterprises and have not percolated down to SME Sector. Many ERPs are in use in the SME Sector, but significant extent of manual activities is still associated with their usage.
Compact Accounting Private Limited has been promoted to develop applications to plug gaps in this space, and help in:
- Reducing manual efforts
- Strengthening Controls
- Help in creating "Clean Ledgers", and
- Providing timely accounting information to monitor operations.
Motto is to "Digitize Early and stay Digitized". Our first product in this direction is "EasyData", a tool for automating data entry of Vendor Invoices. EasyData captures important details from the invoices, completes accounting classifications, updates inventory receipts, doesGST Categorization, TDS management, and Cost Center Classification where relevant.
This product is suitable for entities in the SME Sector. Professional Organizations offering accounting services will also find this producta cost effective solution.
Significant efforts have gone into developing this application and we are looking for support from accounting professionals, which will encourage us to come up with more products in this direction. Please see the attached brochure.
Thank you for your attention.
Co-Founder
Compact Accounting Private Limited.
(www.compact-accounting.com )
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