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.
Download this white paper to learn how:
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Automate the issue for math
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Evaluate automated tools by asking the right questions
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Equip your in-house team with powerful automation to increase productivity and improve their work-life balance
Start your digital transformation journey for your tax and accounting processes today!
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