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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. Errors at the start of the invoice processing workflow can snowball into serious outcomes such as over-payment, incorrect payments, invoice duplication, etc. Figure 4: OCR based data retrieval.

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BPO automation software: A quick guide

Nanonets

Source: TechTarget But with the increasing complexity and volume of business processes, the need for automation in BPO has become more apparent. This is where BPO automation software comes into play. What are BPO automation software? Customer service: Bots can be used for contact center automation.

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How to Use AI in Bank Statement Processing

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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. In this article, we’ll explore applications of AI and automation for bank statement processing.

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Best Accounts Payable Software of 2023

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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.  

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

Nanonets

Managing multiple invoice formats: Large organizations handle purchase orders and invoices from various sources in diverse formats such as word documents, spreadsheets, XML documents for EDI, PDFs, images, and paper documents. How to automate 2-way matching? Here is a simplified depiction of the automated 2-way matching workflow.

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How to automate data extraction in healthcare: A quick guide

Nanonets

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.