Nanonets

SEPTEMBER 22, 2023

Robotic process automation (RPA) is a game-changer for the accounting industry, offering significant improvements in efficiency and productivity. By automating repetitive tasks, RPA allows organizations to reduce human errors and free up employees for more impactful work. Benefits of RPA in Accounting 1.

Automation 40

Automation Accounts Process Reconciliation 40

The Finance Weekly

APRIL 5, 2022

Integrated working platforms, automation, and newer and faster ways to translate data into results are all constantly being improved. As automation has shown, everyone is better off when manual tasks are left to machines and more time is used for analyzing and planning. Productive finance teams. Acting on real-time data.

Automation 52

Automation Finance Financial Analysis Reconciliation 52

Finovate

AUGUST 8, 2024

Features Requires zero onboarding time for immediate use Offers an affordable base product that scales with FIs Fully compliant with regulatory and network standards Delivers highly automated dispute management systems Who’s it for? With AI, it automates everyday tasks that tie up employee time.

Disputes 52

Disputes Credit Union Scams Due Diligence 52

Nanonets

JULY 25, 2023

What is financial data analysis? Gartner defines financial analysis as the process that provides “insight into the financial performance of an organization.” How is financial data analysis used in business?

Financial Analysis 52

Financial Analysis Payment APIs and Integration Assessments Automation 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. This fast-growing market is evidence of the gains that financial data extraction can bring to a business.

Automation 52

Automation AI Financial Analysis Volume 52

Nanonets

APRIL 10, 2023

As a finance professional, you want to use invoice data to process payments, match invoices with purchase orders or create financial reports. Excel is a great way to perform financial analysis, manipulate data, sort and filter information, and perform complex calculations. Upload your invoice and check the extracted data 4.

Automation 52

Automation Payment Reconciliation Financial Analysis Reconciliation 52

EBizCharge

AUGUST 19, 2024

Salesforce offers a range of tools and applications for tasks such as sales, customer service, marketing automation, analytics, and application development, all accessible via the cloud. Customize for financial management: Tailor Salesforce to suit your complex accounting and sales process, ensuring it aligns with your business needs.

Accounts 52

Accounts CRM Automation Process 52

Nanonets

MAY 31, 2023

The need for AI in finance In traditional finance functions, companies often rely on manual processes, extensive paperwork, and repetitive tasks to manage their financial operations. These tasks include data entry, invoice processing, and financial analysis for decision-making, operational planning, and risk management.

AI 122

AI Finance Fraud Detection Mitigation 122

Nanonets

JUNE 23, 2023

By ensuring accurate balances, organizations can make more informed financial decisions and allocate resources effectively. Financial Analysis and Planning Accurate balance sheet reconciliation provides a solid foundation for financial analysis and planning.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

Nanonets

APRIL 29, 2024

Balance sheet reconciliation software, also known as accounts reconciliation software, is a specialized tool designed to streamline and automate the process of reconciling balance sheet accounts within an organization's financial system.   Why Do We Need Balance Sheet Reconciliation Software?

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Compliance 52

Nanonets

SEPTEMBER 22, 2023

Accounts payable software for small business  can significantly enhance financial workflow and improve overall efficiency. This powerful tool automates and streamlines the accounts payable processes, helping businesses manage invoices, vendor payments, and maintain accurate financial records.

Small Business 52

Small Business Accounts Online and Mobile Banking Automation 52

Nanonets

MARCH 4, 2024

AI technologies offer promising solutions to these age-old problems, automating mundane tasks, enhancing accuracy, and streamlining processes. The following AI solutions are relevant in the context of expense management - Automating the Expense Management Workflow 1.

AI 52

AI Payment APIs and Integration Fraud Detection Automation 52

Nanonets

APRIL 4, 2023

Argus modeling is a complex financial analysis tool that allows real estate investors and lenders to forecast a property's financial performance, evaluate various investment scenarios, and identify potential risks and opportunities. This is where Argus modeling can help. Who uses Argus modeling?

Due Diligence 52

Due Diligence Underwriting Assessments Returns 52

Nanonets

APRIL 29, 2024

In this guide, we'll explore what intercompany reconciliation is, the top softwares in the market, key features to consider before buying one, pricing options, and how automated solutions like Nanonets can revolutionise your reconciliation process. What is Intercompany Reconciliation?

Reconciliation 52

Reconciliation Audit Automation Transactions 52

PYMNTS

JANUARY 18, 2019

Mastercard ‘s commercial card spend management solution In Control has been integrated into the accounts payable (AP) automation platform of MineralTree , the companies said in a press release on Thursday (Jan. Their tie-up, launched in 2016, saw Visa’s Payables solution integrated into MineralTree’s AP automation tool.

Visa 55

Visa Commercial Card Automation Financial Analysis 55

Nanonets

APRIL 24, 2023

While bank extracts were obtained manually in the past, most companies are resorting to software to automate this tedious process. Sources of bank extracts A bank extract may be obtained from various financial documents, some of the most common include: Bank statements: Bank statements are the most common sources of bank extract.

Automation 52

Automation Assessments Fraud Detection Risk Assessment 52

The Finance Weekly

AUGUST 5, 2023

FP&A professionals hold a crucial role in shaping a company's overall business strategy by delivering financial analysis and insights to management. Explore below some compelling reasons to consider FP&A as a promising career path.

Financial Analysis 52

Financial Analysis On-Demand Finance Compliance 52

Nanonets

MARCH 30, 2023

Intelligent Document Processing (IDP) refers to the automation of data extraction from unstructured documents. IDP is increasingly being used in various industries such as finance, healthcare, and government, to automate many document-intensive tasks such as invoice processing, contract management, and compliance reporting among others.

Process 52

Process Automation Compliance Volume 52

Nanonets

APRIL 17, 2023

JPG To Excel Converter Convert JPG to Excel Now Nanonets: An automated Image to Excel converter Image to Excel tool works well if you have 3-4 images daily or a small bunch. But what if you need to extract tables 100s of images regularly, an automated OCR workflow platform like Nanonets is a good choice. Try it for yourself.

Automation 52

Automation Financial Analysis Database Use Case 52

EBizCharge

MARCH 12, 2024

Here’s the financial data it’s collected so far: Net credit sales: $500,000 Beginning AR (on Jan. Companies can conduct this annual, quarterly, or monthly financial analysis to better understand their AR turnover. 1 or beginning of period): $58,000 Ending AR (on Dec.

Accounts 52

Accounts Automation Returns Gateways 52

Nanonets

SEPTEMBER 21, 2023

Material Errors in Financial Statements Accurate financial reporting is crucial for any business, but  material errors  can occur due to human mistakes or data entry errors. These errors can have a significant impact on financial statements, leading to incorrect financial analysis and decision-making.

Accounts 52

Accounts Audit Payroll Compliance 52

Nanonets

APRIL 15, 2024

Integrate Nanonets Reconcile financial statements in minutes Try for Free This article presents the importance of bank reconciliation statements and provides insights into the benefits of automation in the generation of bank reconciliation statements.  

Reconciliation 52

Reconciliation Adjustments Correspondent Checks 52

Nanonets

JUNE 27, 2023

This article will look at the implications of digitization and automated document processing. Automating Document Processing in the Automobile Value Chain Until the early 2000s, archiving paper documents were a common practice. Stakeholders can also benefit by automating document processing and data extraction.

Payment APIs and Integration 52

Payment APIs and Integration AI Automation Process 52

Nanonets

MARCH 22, 2023

OCR is commonly used in document scanning and digitization projects, as well as in automated data entry and processing systems. OCR technology has become increasingly important in business and industry due to the need to digitize large amounts of paper-based data and automate document processing workflows.

Automation 52

Automation Payment APIs and Integration Legal API 52

Nanonets

MARCH 15, 2024

In this article, we dive into what actual AI automation looks like (and why it isn’t as straightforward). Artificial intelligence is now being applied across professional domains that are ripe for automation - areas of work such as software, law, accounting, consulting, finance and so on.

Automation 59

Automation AI Accounts Duplicate 59

EBizCharge

JUNE 6, 2024

Microsoft Dynamics 365 is a comprehensive suite of cloud-based business applications that help organizations manage and automate their customer relationships, operations, financials, and more. Utilizing automation features for payment reconciliation can save time and reduce manual errors. What is Microsoft Dynamics 365?

Credit Cards 52

Credit Cards Process Payment Gateways Gateways 52

Nanonets

SEPTEMBER 23, 2023

This enables better financial analysis and decision-making, as organizations can assess their budgetary performance and make adjustments as needed. Overall, encumbrance accounting is an essential tool for maintaining financial stability, optimizing budget utilization, and ensuring accurate financial reporting.

Accounts 52

Accounts Government Governance Compliance 52

Nanonets

FEBRUARY 28, 2024

We'll also explore how to efficiently manage and utilize your General Ledger, including the implementation of modern software solutions to automate and streamline your accounting processes. This meticulous document serves as the foundation for a company's financial statements, categorizing and recording each transaction.

Automation 52

Automation Payment APIs and Integration Accounts Transactions 52

Nanonets

SEPTEMBER 22, 2023

By implementing  best practices  and leveraging automation tools, you can maximize the potential of your  accounts payable department. Accounts payable automation  can eliminate manual tasks, reduce processing time, and improve accuracy. Accounts payable automation also reduces the risk of errors and fraud.

Accounts 40

Accounts Best Practices Automation Compliance 40

PYMNTS

OCTOBER 17, 2016

According to the report, providers of outsourced procurement solutions are turning to robotic process automation technology to meet cost reduction needs, while remaining vigilant on invoice management and fraud prevention. So, why aren’t small businesses adopting automation technology for their procure-to-pay needs?

Technology 76

Technology Remote Deposit Capture Small Business Automation 76

Nanonets

SEPTEMBER 1, 2023

AI is wonderful for automating manual work, but automating business processes is not just as straightforward as a 1-line prompt. However, true automation looks different. Artificial intelligence is now being applied across professional domains ripe for automation - work areas such as software, law, accounting, consulting, etc.

Automation 52

Automation AI Accounts Duplicate 52

Nanonets

SEPTEMBER 23, 2024

AI-powered bank statement extraction AI-powered tools are paving the way for financial analysis across all industries. Bank statement analysis can done by leveraging machine learning (ML) and artificial intelligence (AI) to automate and enhance the extraction and interpretation of financial data.

Payment APIs and Integration 52

Payment APIs and Integration AI Audit Non-Bank 52

Nanonets

JUNE 18, 2024

Automate Data Extraction from Expense Claims What qualifies as a claim? Read about how to create expense reports in Excel and how to automate the expense reporting process. How to automate your Expense Approval Process The complete guide to expense approvals, and how to automate your expense approval process end-to-end.

Automation 52

Automation Process IRS Compliance 52

PYMNTS

APRIL 23, 2019

Not only do small businesses want automated accounting, access to capital and other value-added tools, but they want these services to be integrated. There is also the demand for the industry to embrace small businesses’ need for automation, coupled with more strategic advisory services.

FinTech 61

FinTech Small Business Accounts Federal Reserve 61

Nanonets

JUNE 7, 2023

While Chat-GPT may be able to pass the CPA exam and generate incredible walls of text, true AI automation looks different (and isn’t as straightforward as a 1-line prompt). It is time-consuming, requiring long hours of work to reconcile accounts, generate reports, and perform financial analysis.   a.

Automation 52

Automation AI Accounts Duplicate 52

PYMNTS

DECEMBER 19, 2019

FinTech and automation technology have cast a shadow of anxiety on the accounting industry in recent years, as certified public accountants (CPAs) began to wonder whether their jobs would be replaced entirely by robots. “Accounting has been a problem for small businesses throughout time,” Roberts told PYMNTS in a recent interview.

Accounts 53

Accounts Finance Small Business On-Demand 53

Nanonets

AUGUST 22, 2023

Imagine a landscape where the repetitive tasks that consume your time are transformed into seamless, automated processes. Welcome to the world of Excel automation. What is Excel Automation? Get Started Why is Excel Automation Important? Get Started Why is Excel Automation Important?

Automation 52

Automation Process Volume Consulting 52