Fintech and its impact on the accounting system of Swadhin Agro Limited

Abstract

The main aim behind preparing this report is to censoriously analyze the process and usefulness of fintech in Swadhin Agro Ltd. and its overall influence on this organization’s Accounting Department’s effectiveness and efficiency of work. In this report, I attempted to relate the circumstances with the theory-based study and used quantifiable study also focused on advantages and disadvantages found on my internship program. Swadhin Agro Ltd. is a Bangladeshi Animal Feed manufacturing company currently manufacturing Poultry, Cattle & Fish Feed in their factory and supplying them in different districts throughout the country. The accounting department of this company place one of the biggest roles in this company to maintain their whole operation process. So, the process should be smart and sophisticated enough to maintain the whole accounting system in the fastest accurate way to ensure more effective and efficient workflow in this company. In time of my internship in this company I got the chance to suggest this company to develop their old-fashioned accounting system and upgrade it with the help of fintech. Fintech is a computer & other technology-based system to support or enable the Accounting or Finance system of a company. It refers to software, mobile applications, and other technologies created to improve and automate traditional forms of accounting and finance for businesses and consumers alike. I believe anyone who wants to know about fintech and its impact on a manufacturing company’s whole process and specifically the accounting department might find this report beneficial for them.