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And automation software automatically updates with the latest tax laws and rates. Financial Planning Functions like budgeting and financial forecasting are best performed by automated accounting software that can pull historical data to make reasonable future projections. Reports should be customizable and provided in real time.
Prioritize security and compliance Maintaining the security of your financial data is a non-negotiable requirement. Likewise, ensuring compliance with various laws and regulations is crucial to avoid penalties and legal issues. Nanonets delivers high-grade security to keep your sensitive data safe.
Simplified Compliance Compliance with data protection regulations, such as the EUs General Data Protection Regulation ( GDPR ) and Californias Consumer Privacy Act ( CCPA ), is a critical concern for organizations handling personal and sensitive information.
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