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In today's world, there is a large range of economic transactions going down every day. There are such a lot of players within the market that it is troublesome to manage them. Issues faced by finance solved by technology and the growth of technology is managed by finance. Thus there's dependent growth of each finance and technology.
From an awfully zoomed out read, this appears like a fantasy story and one thing that should have had an awfully swish journey. However! Plenty of exertions go into making associate IT system which will replicate what was manual earlier. The first essential side is a high level of accuracy achieved and every manual intervention removed once the technology comes in.
Whenever associate existing procedure or method is machine-controlled, plenty of effort goes into explaining the money method to the IT guy. The IT guy then understands it, writes a program or modifies the associate existing package in step with what's needed, so offers it to the finance guy. If the finance guy is proud of what he has, he starts mistreating it and hopes that overall potency will increase.
Typically, there are sure aspects that are lost throughout and it takes the finance guy someday to understand that. The explanation for realization may be either some wrong calculations, client complaints or an anomaly in output or perhaps a fraud. The implications of such misses may typically cause huge losses to the organization. Such has been the case recently wherever an enormous bank was victim thanks to lack of integration of 2 IT systems.
