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

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

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

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 130

Financial Analysis On-Demand Finance Compliance 130

Nanonets

JULY 18, 2023

Fortunately, cutting-edge advancements in automation technology have revolutionized the accounts payable landscape, offering businesses an opportunity to streamline their workflows and achieve unprecedented levels of efficiency. Photo by Carlos Muza / Unsplash What is NetSuite Automation? What is Oracle NetSuite?

Automation 52

Automation Reconciliation Audit Correspondent 52

Nanonets

SEPTEMBER 21, 2023

Finance automation  is revolutionizing the way businesses manage their financial processes, streamlining operations, and maximizing productivity. Key areas that can benefit from automation include  accounts payable ,  accounts receivable ,  spend and expense management , and  financial reporting.

Automation 52

Automation Finance Assessments Compliance 52

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

FloQast

JANUARY 22, 2024

You can and should: Maximize performance Minimize workload Accounting and finance functions are crucial to your organizational performance and increasing enterprise value is possible by leveraging things like workflow automation, reporting, and audit readiness. Workflow automation can help.

Automation 52

Automation Technology Audit Compliance 52

Nanonets

APRIL 5, 2024

Tipalti and Airbase are powerful AP automation platforms that can seriously streamline financial processes. Whether you're a finance pro, a decision-maker, or a business owner, this in-depth Tipalti vs. Airbase comparison will give you the insights you need to choose the right AP automation solution for you.

Automation 52

Automation Multi-Currency Compliance Process 52

Nanonets

JUNE 15, 2023

Accounting automation has become a game-changer in the financial world. It transforms how businesses handle their financial processes. Accounting automation can help streamline operations, reduce errors, and save time and resources. In a survey, 58% of accountants said automated accounting led to increased efficiency.

Automation 52

Automation Accounts Payroll Process 52

Nanonets

MAY 8, 2023

Automate general ledger entries, GL coding, invoice management , and more. Book a personalized live demo to see how you can save time, effort, and costs while automating your bookkeeping processes. The financial statements will also play a key role in income tax preparation for the business – another job for the accountant.

Automation 52

Automation Accounts Reconciliation Audit 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 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

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

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

The Finance Weekly

DECEMBER 30, 2021

Large companies are firmly embracing robotic process automation (RPA), leveraging sophisticated data analytics and visualization tools, and exploring the use of blockchain and other new technologies. Approaching Pragmatism Based on Organizational Size. Develop top-down technological proficiency.

Technology 130

Technology MSPS Small Business Data Security 130

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

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

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 Due Diligence Scams 52

The Finance Weekly

OCTOBER 13, 2021

Automation of previously manual tasks. Complete data analysis (DA). In this way, the FC can provide high-detail, granulated financial analysis that can be used by the CFO for broader financial planning. The benefits of CPM software are as follows: Reduced operational costs. More streamlined and productive workflow.

Risk Management 130

Risk Management Risk Mitigation Risk Finance 130

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

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 also time-consuming, requiring significant man-hours to reconcile accounts, generate reports, and perform financial analysis.

AI 52

AI Accounts Duplicate Automation 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

FloQast

JANUARY 1, 2025

Heres how its making an impact today: Real-Time Financial Insights AI automates financial data analysis, allowing businesses to get real-time access to critical insights. Top Benefits of AI in Accounting We know, we know, youre tired of the buzzwords. But AI really is leading accounting transformation.

AI 52

AI Accounts Audit Fraud Detection 52

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

PYMNTS

SEPTEMBER 3, 2019

Price isn’t everything in B2B commerce, particularly as both buyers’ and suppliers’ need for digitization, automation and integration weigh on both ends of the transaction.

B2B 60

B2B B2C Agreements Automation 60

PYMNTS

MAY 13, 2019

In part, these FinTech platforms have challenged accountants to remain relevant by acting as strategic advisors, and the technology has empowered accountants to do just that by automating tedious, time-consuming tasks and freeing up assets for accountants to take on that elevated role. In the U.S.,

Accounts 61

Accounts Payment APIs and Integration Advisors Data Security 61

PYMNTS

DECEMBER 19, 2018

As far as B2B FinTech goes, much attention has been paid to empowering a range of processes, including accounts payable, expense management and financial analysis — many of which had previously been a part of the Enterprise Resource Planning (ERP) solution.

AI 68

AI Financial Analysis B2B Innovation 68

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

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 Audit Regulatory Compliance 52

Nanonets

APRIL 30, 2024

Modern intelligent automation solutions like Nanonets combine AI based data extraction with powerful workflow automation capabilities. This allows businesses to almost completely automate their PDF data extraction workflows end to end and eliminate manual actions. How does data extraction using AI work?

AI 52

AI Due Diligence Automation Use Case 52

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.

Assessments 52

Assessments Automation Fraud Detection Risk Assessment 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

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 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

Fintech Finance

MAY 21, 2024

American Express and Emburse on-the-record: “Embedding American Express payments in Emburse Spend improves automation, strengthens controls and compliance, and boosts employee productivity. This unified solution has already saved me countless hours previously spent reviewing and categorizing all employee spending on my own.

Reconciliation 52

Reconciliation Enrollments Commercial Card Transaction Limits 52