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What is two-way matching and how does it work?

Nanonets

For this, all details of the purchase as mentioned in the invoice are matched with the corresponding purchase order to ensure that the product/services that were ordered were delivered correctly and at the price agreed upon. Invoices and POs can also be imported into Nanonets from your mail, apps and databases.

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How to Use AI in Bank Statement Processing

Nanonets

For instance, if the bank statement shows a $1,000 deposit on a specific date, it matches the corresponding entry in the accounting records. Open banking and API integrations Efficient bank statement processing relies heavily on integrating financial systems such as accounting software, ERP platforms, and databases.

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What is an invoice reader and how to use it?

Nanonets

doc), HTML XML Data PDF EDI (EDIFACT) and CSV. The data thus read is stored in easy-to-access applications such as a spreadsheet or a database.  Optical The OCR engine splits the document into physical “zones” that could correspond to a particular field. Excel), tables in word processors such as Word (.doc),