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How has technology affected Financial Systems?

Financial Systems Financials
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Question added by Abdullah Mahhaden, CFA, CPA , Assurance Manager , Grant Thornton
Date Posted: 2013/06/16
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Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Technology

introduced a lot of controls in the financial systems,

integrated the financial system with other non financial systems,

made the real time entries possible from remote location,

consolidated different data sources,

made data searchable,

provided in-build audit tools and

removed time taking manual activities.

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