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Medical record automation: How a leading underwriting provider transformed their document review process

Nanonets

It also made automation through traditional template-based data extraction nearly impossible. That's why when the firm was looking for automation solutions, there was a strong emphasis on achieving nearly 100% classification accuracy, self-learning data extraction, and reducing person-hours. 

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Beyond Manual Processes: Embracing AP Automation

The Fintech Times

As businesses adapt to the accelerating pace of technological change and new e-invoicing mandates, one aspect of financial management stands out – accounts payable (AP) automation. What is AP automation? Customised workflows: AP automation allows for the customisation of the accounts payable process to suit specific business needs.

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AI in Finance: Freeing Managers from Routine Tasks to Drive Business Growth

Fintech News

AI-Powered Automation: Streamlining Spend Management Source: Shutterstock SMEs handle hundreds of invoices monthly. However, this system is mainly used for accounts receivable, leaving room for the automation of accounts payable too. Automating these processes can benefit SMEs.

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AP Teams Need Automation to Combat Rise in AI Invoice Fraud Finds Basware

The Fintech Times

Invoice automation firm, Basware has revealed that 90 per cent of organisations lack dedicated prevention teams, forcing accounting staff to juggle fraud management in addition to their regular responsibilities. Need for AP automation to combat fraud AP fraud is one of the most targeted types of fraud for businesses.

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Unlocking the Full Cycle: Why Accounts Receivable Automation Complements Your AP Strategy

Nanonets

Automation has revolutionized the way finance teams operate, with accounts payable (AP) automation being the go-to first step for businesses looking to improve efficiency and cut costs. But while automating AP is an important step, it’s only one side of the equation. Automating invoice approvals to streamline workflows.

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Optimizing Expense Workflows by Detecting Duplicate Receipts

Nanonets

However, one challenge that organizations often encounter is the presence of duplicate receipts. These duplicates can lead to errors in reimbursement calculations, compliance concerns, and inefficient use of resources. What are Duplicate Receipts? How to Prevent Receipt Duplication?

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Rivero Advises Banks to Brace for Spike in Cardholder Disputes as Black Friday and Cyber Monday Near

Fintech Finance

From unauthorised transactions to duplicate charges or service issues, cardholder disputes can swiftly become time- and cost-intensive for back-office teams, especially during peak periods like Black Friday and Cyber Monday, when transaction volumes spike.