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What is financial data analysis?

Nanonets

What is financial data analysis? Gartner defines financial analysis as the process that provides “insight into the financial performance of an organization.” How is financial data analysis used in business?

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Analysis of the Expanding Business Information Marketplace

Trade Credit & Liquidity Management

Although other use cases exist for B2B data, for example, stock market performance on public companies, this article will focus on an overview of the four primary use cases: (1) credit and financial analysis, (2) B2B marketing lists, (3) supplier evaluation, and (4) KYC and compliance.

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Building a Retrieval-Augmented Generation (RAG) App

Nanonets

Introduction Retrieval-augmented generation (RAG) systems are transforming AI by enabling large language models (LLMs) to access and integrate information from external vector databases without needing fine-tuning. The database returns a list of the top documents or data snippets that are semantically similar to the query.

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Harnessing AI to extract data from PDF

Nanonets

This article also delves into the intricacies of using AI for PDF data extraction, exploring the challenges it addresses, the mechanisms of AI-based PDF parsers , and the overall benefits of AI to extract data from PDFs. The final extracted data needs to be sent to a downstream business software or stored in a database.

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How to set up financial document automation

Nanonets

Enter financial document automation, a game-changing solution revolutionizing how companies handle their paperwork, regardless of size or industry. Financial document automation Financial documents of different types Every company, regardless of its primary business focus, deals with finance-related activities.

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How to automate invoice coding: A practical AP guide

Nanonets

Think of it as giving each expense its own 'address' in your financial records. Detailed invoice coding enables accurate budget tracking, easier reporting, faster approvals, and better financial analysis. These codes, often called General Ledger (GL) codes, categorize expenses for accounting purposes.

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OCR Automation - Extract Data using Automated OCR Workflows

Nanonets

Bank statement processing : OCR can be used to automatically extract key information from bank statements such as transaction details and account balances, which can then be used to automate accounting and financial analysis. And we built the first consistent database of french agricultural land prices at local scale for 1950-today.