Nanonets

APRIL 16, 2023

Looking for an AI based AP Automation solution? The supplier portal has a multitude of benefits for a business, including: Tax data (including W-9 forms for U.S.) Automatic notifications will also be sent to the appropriate parties, requesting the specific data needed. Looking for an AI based AP Automation solution?

Automation 52

Automation AI Accounts Reconciliation 52

Nanonets

APRIL 16, 2023

MS-Word documents), data entry files (e.g., MS-Excel files), structured XML documents from Electronic Data Interchange (EDI), PDFs and image files, and sometimes as hard copy documents. AI-based matching comprises four steps: 1. Figure 5: Categorization of captured data 3. that can lead to loss of productivity and trust.

Automation 52

Automation AI Duplicate Accounts 52

PYMNTS

AUGUST 8, 2018

The funds will be used to focus on growing its employee base and investing in outreach so it can grow its solution, which uses artificial intelligence and machine learning to tackle problems like data entry and duplicate invoices.

Duplicate 48

Duplicate Bots Facilitators Mitigation 48

Nanonets

JULY 26, 2023

It not only increases the risk of data entry errors but also hampers productivity and limits the ability to leverage data for strategic insights. With the advancements in technology, automated solutions using Intelligent Document Processing (IDP) and AI have emerged, revolutionizing the way financial data is extracted.

Automation 52

Automation AI Financial Analysis Volume 52

Nanonets

MAY 15, 2023

SaaS providers are leveraging AI to provide advanced functionality such as predictive analytics, natural language processing (NLP), and machine learning (ML). SaaS providers are increasingly providing integrations with other applications and services, making it easier for users to connect and share data across different systems and platforms.

Duplicate 52

Duplicate Automation AI On-Demand 52

Nanonets

AUGUST 8, 2024

In the medical field, it helps improve diagnostic accuracy, with labeled medical imaging data enabling AI systems to identify potential health issues more effectively. This growing demand underscores the importance of high-quality data annotation in advancing AI and ML applications across diverse sectors.

AI 52

AI Automation Process Best Practices 52

Nanonets

MAY 7, 2024

By comparing these records, businesses can identify any discrepancies, such as missing or duplicate transactions, incorrect or false amounts, or any unauthorised expenses and transactions. Credit card reconciliation helps identify discrepancies such as fraudulent transactions, duplicate charges, or unauthorised expenses.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

Nanonets

NOVEMBER 14, 2023

Classification : Leveraging full-text optical character recognition (OCR), artificial intelligence (AI), machine learning, and other advanced technologies, the solution automatically identifies and digitally sorts diverse document types (e.g., Benefits: Enhances data security, customizable plans starting at $2.50

Automation 52

Automation Facilitators Audit Legal 52

Nanonets

DECEMBER 6, 2023

Artificial Intelligence (AI) and Machine Learning (ML) AI and ML technologies enable intelligent automation systems to perform complex tasks. Automate HR tasks and workflows with our AI-driven workflow builder, designed by Nanonets for you and your teams. Get Started Request a Demo

Automation 52

Automation Process Payroll Compliance 52

Nanonets

JULY 14, 2024

Key Invoice Features: AI-powered invoice capture and data extraction Customizable approval workflows Integration with major accounting software (e.g., Automate manual, time-consuming tasks such as GL coding, approvals, vendor notifications, duplicate invoices, and more with no-code workflow automation.

Automation 52

Automation Process Multi-Currency Online and Mobile Banking 52

Nanonets

JUNE 29, 2023

Flow by Nanonets Nanonets is an AI-based expense management software that offers automated data capture for intelligent processing of expenses. Flow demo Top features: All your expense data in one place. Complex approval workflows, duplicate alerts and fraud detection Payment and reconciliation that works like magic.

Payment APIs and Integration 52

Payment APIs and Integration Automation Credit Cards Online and Mobile Banking 52

Nanonets

DECEMBER 11, 2023

Nanonets Flow Nanonets Flow automatically extracts key data fields from every invoice your business receives. Invoices don’t have to be received in a uniform format; instead, its invoice AI model is trained to pick up on all the key fields needed to process an invoice. Rossum  source: rossum.ai

Process 52

Process Payment APIs and Integration Automation Multi-Currency 52

Nanonets

MARCH 30, 2023

Greater levels of accuracy Automating payment processing enhances accuracy by validating invoice data against ERP or accounting systems, eliminating manual processes and paper handoffs that cause errors, and flagging duplicate invoices. Some technology providers guarantee accuracy.

Automation 52

Automation Transactions Wire Transfer ACH 52

Nanonets

APRIL 29, 2024

Error Detection and Resolution : The software detects discrepancies or inconsistencies between credit card statements and accounting records, such as missing transactions, duplicate entries, or incorrect amounts. It provides tools to investigate and resolve these discrepancies promptly.

Reconciliation 52

Reconciliation Credit Cards Correspondent PCI DSS 52

Nanonets

MAY 11, 2023

Fraud vulnerability:  Some frauds that occur in the invoice process include third-party frauds, labor mischarging, duplicate payments and other internal errors. Many invoice processing tools come with built-in OCR modules that can extract relevant data from invoices.  AI-enabled All of these affect the bottomline.

Process 52

Process Automation Audit Checks 52

Nanonets

MAY 10, 2023

Nanonets is an AI-based intelligent automation platform that automates manual processes using rule-based sequential workflows. Nanonets can automate manual data entry processes using in-built powerful OCR software that can extract text from PDFs, documents, handwritten documents , and images.

Automation 98

Automation Rules Procedures Process 98

Nanonets

NOVEMBER 15, 2023

From inputting invoice data to tracking payments and reconciling accounts, the list goes on. How AI and OCR digitizes AP documents accurately But that's not all. Typically, you'd need to manually enter this data or scan the paper documents into your system.

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

Nanonets

FEBRUARY 27, 2024

💡 These days, AI-based OCR software for Quickbooks such as Nanonets offers automated expense categorization and GL coding using NLP and Deep learning. Note that you can also scan receipts and send extracted data from scanned receipts to QuickBooks in real time using our mobile app integration. Why is it important ?

Automation 52

Automation Database Audit Use Case 52

Nanonets

JULY 25, 2023

Real-time data analysis and sharing improve agility, align teams, and demonstrate a commitment to transparency, accuracy, and compliance, which is attractive to stakeholders when seeking funding or entering partnership Risk Reduction: Financial analysis plays a crucial role in mitigating risks to an organization's financial health.

Financial Analysis 52

Financial Analysis Payment APIs and Integration Assessments Automation 52

Nanonets

SEPTEMBER 1, 2024

Data security and compliance: Ensure the app protects your sensitive financial data with robust security measures. Check the company's privacy policy to verify compiance with regulatory mandates such as HIPAA for healthcare data, SOC2 for data security, and other industry-specific standards.

Online and Mobile Banking 52

Online and Mobile Banking Small Business Accounts Non-Bank 52

Nanonets

MAY 6, 2024

This results in scattered files, versioning issues, the need to track down stakeholders for missing information, the generation of duplicate datasets, and more. Additionally, BlackLine enforces segregation of duties and access controls to ensure data security and compliance with regulatory requirements.  

Reconciliation 52

Reconciliation Accounts Audit Automation 52

Nanonets

JULY 21, 2023

The platform integrates data, applications, RPA tools, and AI services, providing end-to-end automation capabilities on a single platform. Industries spanning Financial Services, Travel, and Healthcare can benefit from SolveXia's AI-powered technology. Detailed audit trails contribute to risk reduction and compliance.

Reconciliation 52

Reconciliation Payment APIs and Integration Online and Mobile Banking Automation 52

The Fintech Times

JANUARY 15, 2025

The UK is aiming to capitalise on the seismic opportunity presented by artificial intelligence (AI) with its ‘AI Opportunities Action Plan’ What does the plan outline, and is it likely to become a genuine success? “The government has fired the starting gun on giving AI deployment more strategic direction.

AI 69

AI Government Governance Innovation 69