No matter how experienced an accountant, they cannot avoid basic human errors. While human errors are forgivable, mistakes in accounting can lead to serious repercussions. Even an additional zero or a typo error can cost a business huge sums of money.

Financial services firms spend insane amounts of money on teams of analysts who investigate transaction alerts and conduct "Know Your Customer" reviews.

Online insurance payments can be processed through a third-party payment service or through an insurer's internal platform. Such software partially automates the payment process, allowing consumers to manage their premiums and avoid late payments.