At first glance, the two concepts may seem somewhat similar because they both focus on improving performance. Productivity refers to the amount of work done in terms of time, money and effort. However, efficiency refers to accomplishing a task with the least amount of time, money, and resources combined with quality considerations. In the productivity or efficiency debate in accounting, efficiency comes out as a head-to-head winner.
Increasing efficiency is where automation shines brightest, as it provides a platform to generate more output from the same resources, all while simultaneously reducing the chances of error. The key to introducing automation comes from setting the right expectations, putting the right systems in place, and then equipping it all in the right way.
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Automate the issue for math
Evaluate automated tools by asking the right questions
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