Nanonets

MAY 31, 2023

According to a Forrester survey, 98% of financial institutions believe that AI and ML can give them an edge and improve how they do business. This article explores the case for integrating AI into your finance function, the route to achieving it, and how your business can step change as a result. Use cases of AI in finance.

AI 122

AI Finance Fraud Detection Mitigation 122

Nanonets

SEPTEMBER 18, 2024

Financial document automation uses technologies like advanced Optical Character Recognition (OCR), Artificial Intelligence (AI), and Machine Learning (ML) to streamline these processes.  They are responsible for vendor payments, maintaining transaction records, auditing, taxation, and regulatory compliance.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

Nanonets

JULY 26, 2023

Extracting relevant and accurate financial data from financial and business documents is critical for effective decision-making, financial analysis, and integrity, as well as regulatory compliance. These advanced solutions offer a range of benefits and overcome the limitations of traditional methods.

Automation 52

Automation AI Financial Analysis Volume 52

Nanonets

APRIL 29, 2024

Human errors are not uncommon, and the time spent rectifying these mistakes could be better utilized for strategic financial analysis and decision-making. Here's why: Advanced Automation : Nanonets harnesses the power of AI and machine learning to automate the reconciliation process efficiently.

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Compliance 52

Nanonets

JUNE 23, 2023

By carefully scrutinizing transactions and balances, potential fraud can be detected early, allowing for appropriate action to be taken to mitigate financial risks. Regulatory Compliance Balance sheet reconciliation is a crucial element of regulatory compliance.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

Nanonets

JUNE 27, 2023

billion in 2021, propelled by technological advancements, including the introduction of AI-based applications, machine learning, big data, and the Internet of Things (IoT). Recently, OCR tools like Nanonets have evolved to incorporate artificial intelligence (AI) and machine learning (ML).

Payment APIs and Integration 52

Payment APIs and Integration AI Automation Process 52

Nanonets

APRIL 15, 2024

Discrepancies uncovered during the reconciliation process can raise red flags, prompting further investigation and measures to prevent financial losses and uphold the organization's security protocols. The platform's advanced AI engine ensures precise data extraction without the need for predefined templates, enhancing accuracy. 

Reconciliation 52

Reconciliation Adjustments Correspondent Checks 52