Manual accounting processes have long dominated the financial sector in Nepal. However, Tigg has taken a leap by introducing Bank Feed Integration—the first-of-its-kind feature to revolutionize the industry. This innovation bridges bank accounts with Tigg’s accounting system, automating bank statement synchronization and transforming how businesses manage their finances. In this blog, we will explore why this feature is a game-changer for Nepalese businesses and how it unlocks efficiency, accuracy, and growth opportunities for accounting professionals.

Why Tigg’s Bank Integration is a Historic Milestone

The manual entry approach to record transactions, reconcile accounts, and generate financial reports is not only time-consuming but also prone to human error, leading to delayed decision-making and financial discrepancies. Tigg’s Bank Feed Integration disrupts this status quo by:

1. Eliminating Manual Data Entry
   
   • It automatically syncs bank transactions with Tigg every hour, ensuring real-time financial accuracy.
   • It reduces the risk of errors caused by manual input, such as typos or missed entries.
2. Setting a Precedent for Innovation
   
   • As the first accounting software in Nepal to offer direct bank integration, Tigg positions itself and its users at the forefront of financial technology.
   • It encourages other institutions to adopt similar automation, fostering a more competitive and modern business ecosystem.
3. Enabling Compliance and Transparency
   
   • Automated records simplify audits and regulatory compliance, critical for businesses navigating Nepal’s evolving financial landscape.

Tigg x Global IME Bank: A Partnership for Advancement

The collaboration of Tigg with Global IME Bank for the Bank Integration Feed feature represents a significant milestone. This bridges a crucial gap in the market by automating financial processes for both SMEs and larger enterprises. Global IME Bank’s commitment to technological innovation underscores its dedication to equipping businesses with advanced financial tools, setting a new standard for banking integration in Nepal.

Beyond its technical significance, this partnership exemplifies the power of collaboration between banks and digital platforms in driving nationwide digital transformation. This alliance not only enhances user experience but also strengthens the overall digital economy, setting a precedent for future fintech innovations.

Tigg’s Integration Saves Time & Accelerates Efficiency

The manual reconciliation process can take hours, even days, for businesses. Tigg’s automation slashes this workload through:

• Real-Time Sync: Hourly updates ensure financial data is always current, empowering businesses to act on the latest insights.
• AI-Powered Recommendations: The system suggests relevant accounts for transactions based on bank descriptions, cutting reconciliation time by up to 80%.
• Bulk Import and Export: Import up to a year’s worth of historical data or export statements to Excel for reporting—all with a few clicks.

New Horizons for Finance Professionals

Finance professionals gain significantly from this integration. By automating repetitive tasks, they can pivot to higher-value services:

1. Scale Operations

• Handle more clients efficiently by reducing time spent on manual reconciliation.
• Offer competitive pricing with faster turnaround times.

2. Expand Service Offerings

• Focus on advisory roles, such as financial planning, tax optimization, and cash flow management.
• Provide real-time dashboards and insights to clients, enhancing their strategic decision-making.

3. Leverage Technology for Trust

• Use Tigg’s audit-friendly logs and automated records to build credibility with clients.
• Position themselves as tech-savvy partners aligned with global accounting standards.

Embrace the Future of Accounting

Tigg’s Bank Statement Feed Integration is a catalyst for Nepal’s digital transformation. By eliminating manual processes, boosting accuracy, and empowering accountants to innovate, Tigg is rewriting the rules of finance.

Now is the time for businesses to adopt this tool and for accountants to redefine their value in a tech-driven world. The future of accounting in Nepal is automated, efficient, and full of opportunity.

Ready to transform your financial management? Connect your Global IME Bank account to Tigg today and experience the power of automation.