"However, only three percent of Indian SME representatives have adopted cutting-edge technologies such as AI, while 52 percent are optimistic about the potential of automation to assist them in this domain," added Entera Global, which, according to its website, provides cloud-based accountancy software solutions to clients in Europe, Middle East and North Africa."
"An area that warrants attention is the absence of a unified electronic document circulation system within companies. Remarkably, 30 percent of consulting firms require data input across three distinct systems: Tally, Zoho, and QuickBooks," the release pointed out.
"With the current economic growth and governmental digital initiatives, finance professionals urgently need to adopt digital technologies, streamline their processes, and foster robust business growth. Automation is a pivotal element on this transformative journey," Entera Global's co-founder Dmitry Makhlin said.
"With AI and machine learning on the rise, the accounting and bookkeeping industry can anticipate even more sophisticated automation tools capable of handling complex tasks," he added.