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FINOM Launches E-Invoicing Solution for German SMEs Ahead of 2025 Mandate

Fintech Finance

The platform automatically generates compliant e-invoices in both ZUGFeRD (PDF/A-3) and XRechnung (XML) formats as part of its standard invoicing service. FINOM’s primary focus was on seamless integration – customers don’t need to take any additional steps to comply with the new regulations.

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Why PDFs Aren't Enough To Digitize The Procure-To-Pay Workflow

PYMNTS

XML invoices, which digitize the data on the invoice, are only a fraction of total invoice volume. Digitizing documents is key to optimizing workflows, but when it comes to the procure-to-pay space, not all digital invoices and purchase orders are created equal. The rest come in a variety of formats, including PDF and, of course, paper.

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How to Use AI in Bank Statement Processing

Nanonets

  Bank statement processing is essential for accurate reconciliation , auditing, and financial reporting. Reconciliation This step involves matching the extracted data with the company’s internal records. Fully automate the reconciliation process , including import and data matching. general ledgers ).

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Best Accounts Payable Software of 2023

Nanonets

Accurate data capture A company may invoice invoices in various formats - paper, pdf, xml , etc. Looking to automate your manual AP Processes? Book a 30-min live demo to see how Nanonets can help your teams implement end-to-end AP automation. It must optimise the existing setup without requiring drastic changes of existing workflows.

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The Five Numbers That Can Make Payments More Efficient

PYMNTS

From the corporate side, he explained, converting to an ISO environment not only involves the payment itself but the whole cycle they have for taking payments, including the reconciliation and processing of payments. Meaning it’s not a quick and easy switch to make.

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The Top 3 OCR Kofax Alternatives

Nanonets

Bank reconciliation: Veryfi assists with bank reconciliation, ensuring that expenses are accurately recorded and accounted.  They can export data to Excel, CSV, JSON, and XML, integrate with Google Sheets, and access numerous other integrations. This plan is designed for individuals tired of manual data extraction.

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Bank Statement Analysis: A Complete Guide

Nanonets

Bank reconciliation Compare bank statement data with internal records to ensure every transaction is accounted for properly. Customizing bank statement fields   Download/export the data as different file formats (CSV, Excel, Google Sheet, XML). Track steady income streams and highlight irregular earnings.