Nanonets

SEPTEMBER 25, 2024

In this article, we’ll explore applications of AI and automation for bank statement processing.   Bank statement processing is essential for accurate reconciliation , auditing, and financial reporting. Maintain an efficient audit trail for future retrieval. Ensure all statements are properly scanned and readable.

AI 52

AI Process Best Practices Reconciliation 52

Nanonets

SEPTEMBER 23, 2024

  That's where modern AI-powered tools come in. Now, let’s examine how this is done and explore some advanced AI-powered bank statement analysers (BSA). Version control can be challenging, particularly in collaborative environments, and spreadsheets offer limited audit trails for tracking changes.

Payment APIs and Integration 52

Payment APIs and Integration AI Audit Non-Bank 52

Nanonets

OCTOBER 16, 2024

Intelligent Data Extraction refers to the automated process of identifying, extracting, and processing relevant information from various document types using advanced technologies such as artificial intelligence (AI), machine learning (ML), and natural language processing (NLP). Structured data output (JSON, XML, CSV, etc.)

Automation 52

Automation Compliance Process Legal 52

Nanonets

APRIL 20, 2023

Nanonets is an AI-based OCR software that can extract text and tables from images with 98%+ accuracy. Instead of storing them as images, it is wise to use PDF OCR to convert them into a searchable database. Nanonets is one platform suited to converting JPG images to Word files on a large scale.

Automation 52

Automation XML AI Process 52

Nanonets

JULY 29, 2024

Net pay : In-hand amount after all deductions Year-to-date (YTD) totals: Total earnings and deductions for the current year Convert payslips OCR can convert payslips into PDF, TXT/Doc, CSV, XLSX, XML, or JSON formats. You can automate payslip extraction and approval workflows using an AI document OCR tool such as Nanonets.

Payment APIs and Integration 52

Payment APIs and Integration Payroll Automation API 52

Nanonets

MARCH 14, 2024

Compliance: It ensures compliance with internal procurement policies and external regulations, minimizing financial risks and audit issues. With Nanonets AI, invoices are read with over 99% accuracy, drastically reducing the time spent on tedious tasks. It lets users know if invoices were handled right.

Payment APIs and Integration 52

Payment APIs and Integration Automation Correspondent Checks 52

FICO

JUNE 5, 2017

The tech industry is full of predictions, but in this one, I have high confidence: The future is unstructured –– because unstructured data holds the key to the next generation of intelligent systems, which will be largely based on cognitive analytics and artificial intelligence (AI)-based applications. How do I know?

XML 108

XML Origination Regulatory Compliance CRM 108