Which of the following is a key benefit of using the Import Wizard?

The key benefit of using the Import Wizard is that it automatically merges duplicates during the import process. This feature is particularly valuable for maintaining data integrity and cleanliness. By identifying and consolidating duplicate entries, the Import Wizard helps ensure that the database remains streamlined and that users do not have to deal with multiple entries for the same record. This not only saves time during the import process but also enhances the accuracy of the data within the system, which is essential for effective decision-making and reporting in financial services.

In comparison, while other options may present useful functionalities, they do not accurately reflect the primary feature of the Import Wizard. The Import Wizard does provide a user-friendly interface for data entry, but that is not its most distinguishing feature compared to its ability to merge duplicates. Additionally, fast processing of large data sets is more characteristic of bulk data handling tools rather than the Import Wizard specifically. Lastly, while it allows for streamlined data imports, the capability to import data without requiring additional permissions can vary depending on the user's permissions and the organization’s setup, making it less of a definitive benefit attributed to the Import Wizard itself.