How Big Data Helps You Automate Compliance Management In Accounting

It is well-established that accounting is a data-intensive stream. It is filled with numerical, non-numerical, statistical and non-statistical data. There is data involved in invoices, purchase orders, employee salaries, daily expenses and a load of other things. Such enormous amounts of data can get overwhelming after a point. Accounting professionals have to undergo a tedious process to collect and analyze such enormous amounts of data. Moreover, the data is scattered at various sources.