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

Nanonets

Cost Savings: By avoiding overpayments and resolving discrepancies efficiently, companies can save significant costs in the long run. How manual 2-way matching works Manual 2-way matching is typically favored only by businesses with very low transaction volumes or those with specific requirements necessitating human oversight.

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The Top 5 Accounting OCR Software in 2024

Nanonets

Nanonets' accounting OCR solutions can significantly speed up document processing workflows. This is particularly beneficial when large volumes of documents, such as invoices or receipts, must be handled promptly. This seamless integration ensures a smooth workflow without major overhauls of existing processes.

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Best Accounts Payable Software of 2023

Nanonets

Automated accounts payable software can efficiently manage large volumes of financial transactions between a company and its suppliers, while also automating ancillary activities such as approvals and payments. According to Goldman Sachs , the use of accounts payable automation software also results in 33% reduction in processing costs.