How To Automate Trading

Table of contents:

How To Automate Trading
How To Automate Trading

Video: How To Automate Trading

Video: How To Automate Trading
Video: I Built A Crypto Trading Bot And Gave It $1000 To Trade! 2024, November
Anonim

Trade automation is understood as the introduction of computer technology for accounting for goods, services and cash flows within an organization. Many financial transactions take a long time to calculate. This is especially true for large enterprises. Employees can manually read the monthly report for weeks, and the machine will calculate everything in a matter of minutes.

How to automate trading
How to automate trading

It is necessary

  • - calculator;
  • - organizational structure of the company;
  • - the tasks of each department of the organization;
  • - information about the turnover of the enterprise.

Instructions

Step 1

To automate your business, first select a software product, there are currently a lot of them. The selection of the right software depends on the area to which it should be applied. For example, a separate program is required for accounting. As a rule, financial transactions are carried out in it. For the conduct of personnel policy and warehouse accounting, software is applicable, aimed at simplifying routine operations for the movement of goods, personnel counting.

Step 2

You can develop a software product yourself. To do this, count the number of employees and the amount of time you will need to automate your trading activities. Certain costs are required to pay workers, to provide them with material resources. Therefore, before deciding on the choice of automation (independent development or purchase of a finished product), evaluate your financial capabilities and the payback period of the project.

Step 3

When you decide to develop an automation program yourself, use the organizational structure of your company. Describe the tasks facing each structural unit. Briefly describe them for clarity.

Step 4

Write a list of all the processes that occur daily in each department of the enterprise. Indicate the list of reports that are periodically performed by employees of structural units. Describe the formulas for calculating the individual indicators required to account for the movement of goods, funds, personnel, and so on.

Step 5

Select the program that the developers will use. Its purchase will also require financial investments.

Step 6

Calculate all the costs that will go towards developing a program for your company. Calculate the payback period of the project. It depends on the turnover of the company and the cost of funds for automation.

Step 7

With a payback period not exceeding twelve months, self-development of the program will be beneficial for your enterprise. Start this process. If the payback period turned out to be more than a year when calculating, then think about buying a ready-made program.

Recommended: