The Hidden Costs of Manual Data Entry:

• Time-intensive: Staff spend hours transcribing transactions from statements
• Error-prone: Manual typing leads to frequent mistakes (15-20% error rate)
• Delayed insights: Financial reporting lags due to data entry backlogs
• Inconsistent formatting: Manual entry creates reconciliation challenges

For the average business, financial data entry consumes 5-10 hours per week—that's over 500 hours annually that could be redirected to higher-value activities.