Manual processes still lurk in many trust and wealth management departments — and they come with a price. From compliance risks to staff burnout, these inefficiencies don’t just slow you down, they hold your entire business back.
The true cost of manual workflows
While manual workflows may seem like the path of least resistance, they often result in:
- Wasted time: Staff can spend hours on repetitive tasks that could be automated.
- Increased error rates: Manual data entry is error-prone and hard to track.
- Compliance risk: Lack of a digital audit trail makes reporting more difficult and riskier.
- Talent retention issues: Skilled employees want to focus on high-impact work — not paperwork.
A recent study from McKinsey found that automating just 30% of back-office tasks can increase productivity by up to 40% in financial services firms. And yet, many institutions still rely on spreadsheets and paper trails to manage complex fiduciary responsibilities.
How modern trust accounting software eliminates inefficiencies
Modern trust accounting software doesn’t just reduce administrative burden — it transforms your entire operation.
With platforms like Cheetah, you can:
- Automate reconciliation, reporting, and compliance workflows
- Centralize data for easy access and transparent oversight
- Reduce onboarding time for new staff and lower training costs
- Scale operations without proportionally increasing headcount
Not only does this save time, but it reduces the likelihood of costly errors or missed deadlines. According to Forrester, firms that invest in workflow automation can achieve an ROI of over 200% in less than three years.
Don’t let manual workflows drain your resources
If you’re still relying on manual workflows to manage complex trust operations, you may already be falling behind.
Upgrading to modern trust software is no longer a luxury — it’s a strategic necessity. By eliminating bottlenecks and increasing visibility, you position your institution for sustainable growth, stronger client service, and regulatory confidence. For more insights, check out our blog on what to look for in trust accounting software.
See what Cheetah can do for you
Manual workflows may feel familiar, but they’re costing you more than time — they’re costing you growth, accuracy, and talent. In a highly regulated and competitive environment, the ability to automate, scale, and adapt is mission critical.
Cheetah’s modern trust accounting software was built to eliminate inefficiencies and give you full control over your operations — with automation that reduces risk, improves reporting, and frees your team to focus on what matters most.
Stop letting outdated processes slow you down. Request a demo and see how Cheetah can help you run faster, smarter, and more securely today.
