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

Nanonets

Managing multiple invoice formats: Large organizations handle purchase orders and invoices from various sources in diverse formats such as word documents, spreadsheets, XML documents for EDI, PDFs, images, and paper documents. Manual invoice processing costs are known to reach as high as $15-50/invoice.

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Best Accounts Payable Software of 2023

Nanonets

  The use of accounts payable software results in a 73% faster processing time. According to Goldman Sachs , the use of accounts payable automation software also results in 33% reduction in processing costs. and databases (MySQL, PostGres, MSSQL, etc.) cloud storage services (Drive, Dropbox, email, etc.),

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The Top 5 Accounting OCR Software in 2024

Nanonets

This seamless integration ensures a smooth workflow without major overhauls of existing processes. Cost Savings: By automating manual data entry tasks, Nanonets' OCR technology helps reduce labor costs associated with repetitive document processing. Pull up documents whenever required during audit.