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A detailed analysis of Computerized Accounting software dictates that it can automate the process of generating financial reports, such as income statements and balance sheets, from underlying transactional data. It can also help to ensure the accuracy of accounting data by automatically checking for input errors and violations of accounting rules.

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Since the concept of Blockchain was introduced, it has been evolving rapidly over the years. Starting from finance and retail to defense and healthcare, blockchain is making its way into a range of industry verticals and anticipating to change the way processes and data are shared and managed.

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For most of the business, accounting is one of the least delightful aspects of managing a company supervising your bookkeeping, maintaining track of receipts, registering your cash flow, filing taxes, or other aspects of the finance department.

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Fintech (Financial Technology) has emerged as a revolutionary field in the global industry. It has transformed multiple business areas ranging from retail and banking to financial advisory services. The expanding role of fintech has significantly led to a new era of digital payments, transforming the way people do transactions. Multiple fintech applications have become instrumental in diverse industries, including stock trading, transportation, and smart city, among others.

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As we all know, Financial Technology is confronting an immediate positive change. Progress and development in this industry are implied to assist the financial institutions, and their clients who choose their services to refrain from overspending, navigate risks, and usually deal with their finances better.

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In this modern age of technology, Artificial Intelligence (AI) has been a very important part. AI is a technology that has set a new standard on creating advanced applications and this has made more and more industries turn to it. Businesses use this technology to give an extra boost to their brand. And one such industry is Finance.