> I kind of feel some hint of correspondence theorem in the result but cannot actually grasp it
Well, there is a correspondence theorem going on, but I'm not sure that it will simplify matters.
The relationship is established through Morita's theorems, and this is just a special case. If you dig down into it, it will tell you the answer in terms of homomorphisms.
The "very tedious... laborious" version is more accessible, by comparison, and probably can be streamlined a bit to be tolerable.