6 Reasons to use Automated Transcription Software in Finance

6 Reasons to use Automated Transcription Software in Finance

Like in any demanding, fast-paced working environment finance professionals are under constant pressure to perform well without a lot of outside support. Finding time to get your daily tasks done is hard enough without even thinking about ways to improve the process.

The arsenal of tools you have at your disposal can make or break your everyday workflow, and making things more efficient for yourself can provide both immediate and long-term relief from the stress of your every day.

Without much effort you can easily begin utilizing automated transcription software to clear your plate of all the unimportant things - then stack it back up with whatever is most critical.

Here are a few scenarios in which you can use this software to improve your everyday work in finance.

Creating Clarity

Numbers don't lie, but sometimes words do! They at least create some confusion that can be eliminated by keeping transcripts of important conversations and updates. By automatically transcribing through voice to text, you can keep notes of important details (and even not-so important ones) for reference. By using machine transcribed audio you'll never have to worry about a dispute again!

Speeding Up Investigations

Automatically transcribing investigations will allow you to save time when it comes to reviewing and actioning plans. Where you may have previously had to manually review details, automated transcription software allows you to speed up and even automate this process through the use of analytics.

Assisting Analysis

With transcriptions, you're able to create data out of previously untapped information. You now have access to stats from a simple conversation or more details from a lengthy, complicated investigation. Make it easier to figure out what's working and what's not by reviewing the data you can only get through transcription, and do so without any of the manual effort by using machine transcribed audio.

Increased Productivity

It also allows you more capacity to work on more important things. Rather than scribbling down notes or trying to remember that one figure from three meetings ago, all the information is effortlessly available to you at any time. This leaves your brainpower available for doing all the things computers can't take off your plate (well, yet).

Satisfy Compliance Standards

Some compliance standards will often require you to meet certain standards when it comes to conducting business, and with transcripts of calls, interactions, and essentially anything voice-based, you're easily able to pull the information you need to submit to compliance boards. Hands-free and everything!

Improving the Customer Experience

Finance is all about the customer - when they succeed, so do you! Ensuring that you can speedily and accurately complete your everyday work provides an enhanced experience to customers. When clients are trusting you with your finances they want to know they're in the right hands, and establishing that their experience with you is a smooth one ensures this.

If you're a finance professional looking to get started, visit Vocalmatic today!