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

Nanonets

For this, all details of the purchase as mentioned in the invoice are matched with the corresponding purchase order to ensure that the product/services that were ordered were delivered correctly and at the price agreed upon. Always Ready for Audits The system keeps track of everything, making sure everything is correct and quick.

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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. Maintain an efficient audit trail for future retrieval. For instance, if the bank statement shows a $1,000 deposit on a specific date, it matches the corresponding entry in the accounting records.

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What is PO Matching? And how to automate it?

Nanonets

MS-Excel files), structured XML documents from Electronic Data Interchange (EDI), PDFs and image files, and sometimes as hard copy documents. Complete audit-trail and compliance: AI systems can provide human operators intuitive assistance and perform validations and corrections that take hours with human labour, within seconds.

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How to automate data extraction in healthcare: A quick guide

Nanonets

Handling unstructured data Much of healthcare data is unstructured, including physician notes, patient narratives, administrative correspondence, and imaging reports. Regular audits and continuous improvement processes are essential to ensure the tool's accuracy and reliability over time.