Traditional vs. Modern Financial Record Systems
Most financial institutions still rely on outdated processes. Here's how granit bank integration changes the game:
Process | Traditional Method | Granit Bank System |
---|---|---|
Transaction Recording | Manual entry, 2-3 days | Real-time automation |
Error Rate | 12-18% human errors | Under 2% with validation |
Reporting Time | Weekly batch processing | Instant dashboards |
Audit Preparation | 3-4 weeks manual prep | Automated compliance reports |
Cost per Transaction | ₹45-60 processing cost | ₹8-12 automated cost |
The numbers speak for themselves. Companies transitioning to granit bank systems typically see ROI within six months, not just from reduced errors but from the strategic insights these systems provide.