Nanonets

SEPTEMBER 25, 2024

For businesses processing thousands of bank statements daily—from insurance companies to financial institutions, bank statement processing presents a challenge and an even bigger opportunity for automation. Use an automated centralized platform for data standardization and extraction. 💡 Best practices:  1.

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AI Process Best Practices Reconciliation 52

Nanonets

SEPTEMBER 9, 2024

when you're using OCR) Using Workflow Automation to combine the best parts of solutions 1 - 4 These solutions will differ a bit (some are more manual while some solutions are highly automated and good for scale) - you can pick what's best for your business depending on your scale of operations.

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Nanonets

AUGUST 6, 2024

Here’s how retrieval augmented generation makes magic with simple AI workflows: Knowledge Base (Input) : Think of this as a big library full of useful stuff—FAQs, manuals, documents, etc. This fusion allows the AI system to provide responses that are not only contextually apt but also based on the most current data.

AI 52

AI Database Automation Payment APIs and Integration 52

Nanonets

SEPTEMBER 18, 2024

Financial document automation is not just changing the game – it's rewriting the rules.  Enter financial document automation, a game-changing solution revolutionizing how companies handle their paperwork, regardless of size or industry. How does financial document automation work?

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

Nanonets

JUNE 8, 2023

Nanonets is excited to announce its partnership with Servitalent to completely automate recruitment workflows with AI and intelligent automation. Nanonets Nanonets is a leading AI-based OCR software  that captures structured data from invoices, receipts and other unstructured documents. Do you want more information?

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AI Automation Database Process 97

The Fintech Times

SEPTEMBER 14, 2024

Having already explored compliance challenges, penalties and solutions, we now turn our attention to the technology of the moment: AI. While we’re well aware that AI is currently spoken about in absolutely every context, we also understand the huge impact it can have across sectors and operations.

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Compliance AI Process Suspicious Activity Report (SAR) 69

The Fintech Times

JANUARY 5, 2024

Particularly since the release of OpenAI ‘s ChatGPT at the back-end of 2022, the world has sat up and taken notice of the potential of artificial intelligence (AI) to disrupt all industries in countless ways. In 2023, Salesforce published research revealing some of the biggest generative AI trends of the year.

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AI Database Financial Crimes Compliance 75

Nanonets

APRIL 10, 2023

Often, small businesses and projects face a shortage of resources, and skilled labor to set up a complex database management system. In this blog, I’ll discuss how to use google sheets as a database and the various methods available! Then, we need to know the tools/options to add, remove or update the database.

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Database VARS API Checks 52

Nanonets

APRIL 3, 2023

What is Form Automation? Form automation refers to the process of automating the creation, completion, and submission of forms using specialized software or tools. By automating the form filling process, businesses can save time, reduce errors, and improve overall efficiency. Let us explore this further. What is OCR?

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Automation Process Database Legal 52

Nanonets

FEBRUARY 1, 2024

Accounts Payable (AP) automation is the use of technology to streamline and improve the process of managing a company's bills and payments owed to others. Instead of manually handling invoices, checking them, and making payments, AP automation uses software to do these tasks more quickly, accurately, and with less human effort.

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Nanonets

DECEMBER 4, 2023

Automated order processing is the solution. It harnesses AI, OCR, and automated workflows to handle orders accurately and efficiently. By automating, you ensure real-time updates and error-free transactions, meeting today's demand for immediate and reliable service. What is automated order processing?

Automation 52

Automation Process Payment APIs and Integration Returns 52

The Fintech Times

APRIL 24, 2024

ComplyAdvantage , the financial crime intelligence firm, has officially acquired Golden , a San Francisco-based firm automating the construction of one of the world’s largest knowledge graphs, which shows interconnected data points and their relationships to analyse complex information.

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Nanonets

DECEMBER 11, 2023

  AI data entry powered by machine learning (ML) and natural language processing (NLP) can help change that scene. Organizations have reported a 95% reduction in data entry time after switching to robust automated data entry software. What is AI data entry? AI-OCR tools can provide an upwards of 99% accuracy rate.

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AI Payment APIs and Integration Automation Best Practices 59

Nanonets

AUGUST 23, 2023

AI-based document processing is transforming the way businesses handle paperwork. AI's advancements in areas such as self-driving vehicles and protein structure predictions show that it is sophisticated enough to handle intricate tasks like document processing in the business world. What is AI-based document processing?

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AI Process Payment APIs and Integration Compliance 97

The Fintech Times

JANUARY 31, 2024

2023 was the year of AI in every respect. But now over a year has passed, have firms worked out how to best, and safely, implement AI into one or several elements of their business? Here, the two discuss what they have learnt about utilising AI so far, and the barriers they see slowing down adoption.

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Nanonets

MARCH 4, 2024

Artificial Intelligence (AI) today has become a transformative power in the realm of expense management. AI technologies offer promising solutions to these age-old problems, automating mundane tasks, enhancing accuracy, and streamlining processes. Leveraging Generative AI 6.

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AI Payment APIs and Integration Fraud Detection Automation 52

Nanonets

JUNE 19, 2023

Imagine a fortress of technological prowess, where your organization's automation processes are shielded within your own infrastructure. With on-premise automation, you hold the keys to a kingdom fortified against external threats, ensuring that your sensitive data remains safe and sound. What is On-Premises Automation?

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The Fintech Times

JUNE 16, 2024

Prior to partnering with MongoDB, the bank, which has five million customers, ran the system on a legacy relational database. Because of these database-related challenges, the bank’s analysts and developers were committing significant effort to complex database management tasks in order to keep the application running.

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Nanonets

SEPTEMBER 27, 2024

The need for automation in the insurance industry is more pressing than ever. According to a recent study by Datos Insights , the insurance industry lags in terms of digitisation, with only 20% automation in underwriting and less than 3% automation in claims processing across sectors. So, let’s get started.

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Process Underwriting Automation Database 52

The Fintech Times

AUGUST 2, 2024

The European Union ‘s latest AI Act, published yesterday, reflects the forward-thinking and innovation-driven attitude of the region as it looks to regulate the way organisations develop, use and apply artificial intelligence (AI). Firms that fall into the first category are those that use AI for things like spam filters.

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AI Compliance Regulations Risk 59

Finovate

OCTOBER 4, 2024

In its funding statement, the company noted that it plans to launch additional features including conversational banking and AI-driven automation and insights as part of its expansion plans. The new offering is a set of data/AI infrastructure and development capabilities that embed natively in the Enterprise Banking Platform.

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AI Innovation Payment APIs and Integration Online and Mobile Banking 64

Nanonets

JUNE 3, 2024

This is where Artificial Intelligence (AI) steps in, revolutionizing how we extract information and unlock the true potential of our data. AI has revolutionized processes in numerous industries, and data extraction and processing is no different. Today, with the help of AI, data extraction has become much more accurate and intuitive.

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Nanonets

JUNE 25, 2024

Companies without automation spend $6.30 per invoice , while automated counterparts pay just $1.45. That's right— automation could save you nearly 77% per invoice! This guide will walk you through the process of invoice coding, how to automate it, and the best practices. But it's beyond just cost.

Automation 52

Automation Payment APIs and Integration Rules Process 52

Nanonets

NOVEMBER 23, 2023

This guide provides an in-depth look at how automating email responses can revolutionize your communication strategy, making it more efficient and responsive. We will learn how to set up automated email responses in Gmail and Outlook directly. When to Automate Email Responses? "how to reset a password?

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Automation AI Use Case Checks 59

Nanonets

AUGUST 1, 2023

To address these challenges and unlock operational efficiency, organizations are turning to internal audit automation. By harnessing the power of advanced technologies such as Robotic Process Automation (RPA), data analytics, and artificial intelligence, businesses can revolutionize their auditing procedures.

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Audit Automation Risk Assessment Bots 52

Nanonets

APRIL 4, 2023

With the rise of digital mailroom automation technologies, companies can streamline their mail processes, increase efficiency, and reduce costs. Read this guide to learn more about how your business can leverage automated mailrooms to improve operations and boost productivity. What is mailroom automation?

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Automation Correspondent Process AI 52

Nanonets

MAY 3, 2023

Now, AI tools are pushing the limits of analysis and decision-making in finance, changing the lives and careers of finance professionals around the world. AI’s can analyze more data faster than any human can. Since this is a limited dataset, this is a major limitation on the utility of the AI tool.

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Finovate

AUGUST 15, 2024

APIMatic APIMatic’s developer experience platform adds a layer of technology between fintech APIs and developers to make integrations faster through automation and AI. Features Automates the creation of SDKs Includes dynamic use case guides Delivers AI-generated integration code Who’s it for?

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Deepfake Credit Union Payment APIs and Integration AI 59

Nanonets

FEBRUARY 15, 2024

This is the promise that AI holds in invoice data capture – a promise not just to streamline processes but to revolutionize the core of how businesses manage their financial transactions. In this blog, we explore AI's pivotal role in reshaping the landscape of invoice processing. What is AI-based Invoice Data Capture?

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Nanonets

MAY 10, 2023

Do you have to search multiple applications to find your file and copy-paste the data from the file into the master database? Data Entry software makes life easier by automating the most tedious part of any job, copying or scraping data from one interface to another. Top data entry software for advanced automation in 2023 #1.

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Automation AI API Database 52

Nanonets

OCTOBER 12, 2023

Manual sales order processing in SAP In this article we will explore an ideal workflow for SAP sales order automation , discuss some key challenges, and propose an alternate solution to automate sales orders in SAP using Nanonets. Looking to automate your manual sales order processing workflows in SAP?

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Automation Process Bots AI 52

Nanonets

AUGUST 1, 2023

The era of automation has brought about a revolution in various industries, and the audit sector is no exception. The integration of Artificial Intelligence (AI), cloud-based data storage solutions, and data analytics tools is set to transform the audit industry, reshaping the way accountants and auditors carry out their tasks.

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Audit Automation Risk Assessment Assessments 40

Tearsheet

AUGUST 7, 2024

Morgan’s extensive client relationships with Slope’s AI-driven B2B payment platform. Howie highlights Slope’s AI capabilities as a key factor in the decision to collaborate, while Murata points out the advantages of Slope’s comprehensive platform for enterprise customers.

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AI B2B Finance Underwriting 59

Nanonets

JULY 25, 2023

This is where financial reporting automation comes into play. By harnessing the power of technology and automation, businesses can streamline their financial reporting processes, improve efficiency, and make more informed decisions. What is financial reporting automation?

Automation 52

Automation Compliance Process Government 52

Nanonets

DECEMBER 10, 2023

IDP leverages cutting-edge technologies, such as artificial intelligence and machine learning, to automate the extraction, interpretation, and processing of information from diverse documents. Data Validation: IDP can cross-verify extracted data against predefined rules or external databases, ensuring accuracy and reliability.

Automation 52

Automation Compliance SWIFT Process 52

Nanonets

NOVEMBER 9, 2023

What comes to mind when you hear "order entry automation"? A bunch of robots whirring away in a warehouse, entering data into databases? While that's pretty close to what order entry automation is, there are a few nuances to consider. This is where order entry automation can help. Let’s dive in.

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Automation Payment APIs and Integration CRM Process 59

The Finance Weekly

NOVEMBER 20, 2023

AI is , transforming the finance sector, especially in financial planning and analysis (FP&A). Why Should FP&A Leaders Consider to Integrate AI? FP&A leaders experience , significant advantages when they embrace AI. Top 8 AI Uses in Finance AI/ML can enhance FP&A operations in many ways.

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