Nanonets

SEPTEMBER 25, 2024

For businesses processing thousands of bank statements daily—from insurance companies to financial institutions, bank statement processing presents a challenge and an even bigger opportunity for automation. Use an automated centralized platform for data standardization and extraction. 💡 Best practices:  1.

Process 52

Process AI Best Practices Reconciliation 52

Nanonets

JULY 29, 2024

Payslip OCR is a technology that automates text extraction from physical or scanned payslips and converts them into a machine-readable format.    Nanonets can automate payroll processing, from generating payslips to automating end-to-end approval workflows, using a powerful OCR engine and seamless integrations.

Payment APIs and Integration 52

Payment APIs and Integration Payroll Automation API 52

Nanonets

MARCH 20, 2023

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. A company’s choice of AP automation software depends upon its features and the specific needs of the company.  

Accounts 52

Accounts Payment APIs and Integration Multi-Currency Automation 52

Nanonets

OCTOBER 16, 2024

Intelligent Data Extraction is an automated process of accurately identifying and extracting relevant data points from documents leveraging modern-day technology. Structured data output (JSON, XML, CSV, etc.) Automated data extraction processes deliver significant time-savings when compared to manual counterparts.

Automation 52

Automation Compliance Process Legal 52

Nanonets

SEPTEMBER 23, 2024

Version control can be challenging, particularly in collaborative environments, and spreadsheets offer limited audit trails for tracking changes. Bank statement analysis can done by leveraging machine learning (ML) and artificial intelligence (AI) to automate and enhance the extraction and interpretation of financial data.

Payment APIs and Integration 52

Payment APIs and Integration AI Audit Non-Bank 52

Nanonets

FEBRUARY 26, 2024

It allows them to automate the extraction and interpretation of text from images, invoices, receipts, and other documents. Automate manual data entry using Nanonet's AI-based OCR software. Capture data from documents instantly and automate data workflows. Reduce turn around times and eliminate manual effort.

Accounts 52

Accounts Payment APIs and Integration Automation Multi-Currency 52

Nanonets

MARCH 14, 2024

Compliance: It ensures compliance with internal procurement policies and external regulations, minimizing financial risks and audit issues. How to automate 2-way matching? Automated 2-way matching is like having a helpful robot for your accounting tasks. Here is a simplified depiction of the automated 2-way matching workflow.

Payment APIs and Integration 52

Payment APIs and Integration Automation Correspondent Checks 52

Nanonets

SEPTEMBER 21, 2023

The process of generating CFDI involves creating an electronic invoice in a specific XML format, which includes details such as organization and customer information, invoice number and date, description and quantity of items, unit price, total amount, and more. Create an invoice in the specified XML format. CFDI Process Summary 1.

XML 40

XML Compliance Authorization Legal 40

Nanonets

APRIL 7, 2025

Automating healthcare data extraction can help organizations reduce operational spending and streamline their processes while improving patient care. Reduce patient wait times, streamline workforce, and boost efficiency in your healthcare system through automated document processing and workflows.

Automation 52

Automation Regulatory Compliance Compliance Payment APIs and Integration 52