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

APRIL 5, 2024

Tipalti and Airbase are powerful AP automation platforms that can seriously streamline financial processes. From their strengths and weaknesses to their ideal use cases, we've got you covered. Automated workflows 4.5 4 Ease of use 4.5 Automated workflows 4.5 4 Ease of use 4.5

Automation 52

Automation Multi-Currency Compliance Process 52

Nanonets

APRIL 30, 2024

Apart from the challenges covered above, the main reason that many organisations still handle PDF data extraction manually is that: Conventional PDF data extractors typically extract everything in one go from a PDF and not just the specific data or key value pairs that are important for a particular business use case.

AI 52

AI Due Diligence Automation Use Case 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

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

Nanonets

SEPTEMBER 20, 2024

The accuracy of a good table parser can pave the way to automation of a lot of workflows in a business. This comprehensive guide will take you through the evolution of table extraction techniques, from traditional methods to the cutting-edge use of LLMs. Custom Model Training: Nanonets offers the ability to train custom models.

Rules 135

Rules AI Process Origination 135

Nanonets

MARCH 4, 2024

AI technologies offer promising solutions to these age-old problems, automating mundane tasks, enhancing accuracy, and streamlining processes. Use Cases of AI in Expense Management At its core, Artificial Intelligence (AI) is the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions.

AI 52

AI Payment APIs and Integration Fraud Detection Automation 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 Checks Correspondent 52

Nanonets

AUGUST 21, 2024

For example, companies like JPMorgan Chase use RAG systems to automate the analysis of financial documents, extracting key insights crucial for investment decisions. Start by building your own RAG systems and consider using OCR software solutions like the Nanonets API for your document processing needs.

Database 52

Database Returns Process AI 52

Fintech Labs Insights

AUGUST 22, 2024

for its financial education platform targeting women, growing steadily with high user engagement. Fall 2022 (New York): Debbie: Raised $2.7M, continued expansion in automated financial services for personal finance management. MX: Financial data aggregation, continued to lead with innovation in financial management tools.

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15

Nanonets

APRIL 3, 2024

One of ChatGPT’s particularly unique use cases is through proprietary or otherwise unique training data. Other, less niche use cases can include cash flow analysis and optimization, fed by vendor payment documents, forecasting fed by past performance metrics, and more (keep reading for a more exhaustive list!).

Finance 52

Finance Use Case Fed Financial Analysis 52

The Finance Weekly

NOVEMBER 21, 2024

Let's go over a few of them: Scenario mode ling - ability to create multi-scenario financial analysis for better decision-making. It is a pre-configured solution using a template-based approach to support growth and streamline highly manual processes.

AI 130

AI Finance Consulting Process 130