The Wakett Blog

Faster Financial Operations Through Automation: How Automating Data Processing in Operations Generates Value

Written by Wakett | 30 January 2025

Faster financial operations through automation can help solve certain issues many companies face, including workflow limitations, data inputting errors, and time wastage. This, in and of itself, adds value to your business and is exactly why we have created our automation software, AUTOMAN.

 

Ignoring The True Value of Software: Why Some Companies Don’t Take Up Financial Automation

We recently had a conversation with one of our clients about replacing the time-consuming manual processes of data transformation and verification with an automated software solution. 

This wasn’t the first client we had such a conversation with, but the main issue that arose is the same one that always does. See, when a company has spent years running a manual process, it can be challenging to see the full benefits of automation.

Even so, experience has shown us that manual workflows have many limitations that become more apparent over time. 

Our AUTOMAN solution brings significant value to your company as it’s not just another subscription-based service—it’s a transformative tool that enhances operational efficiency and accelerates faster financial operations through automation.

 

How AUTOMAN Can Drive Value for Your Operations

It's not uncommon for those without an IT background to struggle to grasp how automation could transform a task that typically takes five hours of manual labour into an automated process that’s done in a few minutes. But saving time doesn’t just come from reducing the time spent on the task itself; it also comes from the time saved on managing errors and exceptions.

During manual workflow, humans are prone to making mistakes, and Spotting and correcting those errors is time-consuming and often challenging. By automating the process of collecting, transforming, and validating data, you create a more robust and reliable operation. 

In other words, by achieving faster financial operations through automation, businesses can reduce manual intervention, leading to greater efficiency.

But the value of automation goes beyond just the API connection with your service provider. The real value is in the entire automated process that optimises operations. 

Let’s look at it this way: when you hire an accountant, you’re looking for someone who is both competent and diligent. Similarly, when selecting a virtual assistant software, which is essentially a robot that performs human tasks, you should expect the same level of competency, efficiency, and reliability.

Automation through AUTOMAN speeds up tasks, reduces errors, and sends timely alerts, all of which have high value for your business. 

Ultimately, technology should be seen from this perspective: as a tool that can enhance operational excellence and add value to your business. With faster financial operations through automation, you will gain the ability to streamline workflows and improve overall performance.

 

Automation: The Best Option for Fast Reconciliation of Broker Statements

Traditionally, reconciling statements manually was labour-intensive and prone to human error, causing delays and potential discrepancies. With automation, this process becomes faster, more accurate, and easier to manage, allowing your team to focus on higher-level tasks.

This is another area where automation adds value as, by implementing AUTOMAN for broker statement reconciliation, you can ensure quicker turnarounds and reduce the risk of costly errors. Not only does this enhance your financial operations, but it also strengthens the overall integrity and efficiency of your business. 

With faster financial operations through automation, you’re investing in the future of your operations by improving productivity, lowering operational costs, and ensuring that your team can handle more complex challenges as they arise.

 

Are You Ready To Achieve Faster Financial Operations Through Automation?

The reality is that integrating automation into your operations is no longer a luxury; it’s a necessity

The value generated by automating routine tasks like data processing and reconciliation is undeniable: it allows companies like yours to operate faster, with greater accuracy, and more efficiently, ultimately driving business growth and success. 

So, what are you waiting for? Get in touch with us to discover how our software—particularly AUTOMAN—can help change the way you work, save you time, reduce errors, and make your tasks a breeze.