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Best Accounts Payable Software of 2023

Nanonets

  In this article, we look at the most popular accounts payable software and their features. Appropriate automated GL coding is enabled using filters, and multi-way match processes are factored before approvals. Multi-destination mileage reimbursements. What is accounts payable software? Unique transaction identifier.

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How to extract data from payslips using OCR?

Nanonets

In this article, we will understand this document that has become an integral part of our monthly work ritual.  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.

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How to Use AI in Bank Statement Processing

Nanonets

In this article, we’ll explore applications of AI and automation for bank statement processing.   Limiting access to only authorized personnel, implementing Multi-Factor Authentication (MFA), and employing data masking techniques reduce the risk of data breaches. 

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What is an invoice reader and how to use it?

Nanonets

These are free form texts such as contracts, letters, articles, and memos that may double as invoices in some unstructured, small businesses. doc), HTML XML Data PDF EDI (EDIFACT) and CSV.  The extraction of text from complex data fields, such as multi-line postal addresses is also challenging.