Nanonets

MARCH 15, 2024

In this article, we dive into what actual AI automation looks like (and why it isn’t as straightforward). Artificial intelligence is now being applied across professional domains that are ripe for automation - areas of work such as software, law, accounting, consulting, finance and so on.

Automation 59

Automation AI Accounts Duplicate 59

Nanonets

JUNE 25, 2024

Companies without automation spend $6.30 per invoice , while automated counterparts pay just $1.45. That's right— automation could save you nearly 77% per invoice! This guide will walk you through the process of invoice coding, how to automate it, and the best practices. But it's beyond just cost.

Automation 52

Automation Payment APIs and Integration Rules Process 52

Nanonets

SEPTEMBER 18, 2024

Financial document automation is not just changing the game – it's rewriting the rules.    From multinational banks and big accounting firms to local insurance agencies and small healthcare providers, businesses of all sizes process hundreds and thousands of financial documents daily.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

Nanonets

SEPTEMBER 22, 2023

Robotic process automation (RPA) is a game-changer for the accounting industry, offering significant improvements in efficiency and productivity. By automating repetitive tasks, RPA allows organizations to reduce human errors and free up employees for more impactful work. Benefits of RPA in Accounting 1.

Automation 40

Automation Accounts Process Reconciliation 40

Nanonets

MAY 31, 2023

Emerging technologies such as artificial intelligence and machine learning have transformed the traditional finance function by making processes efficient, improving accuracy, and enabling data-driven decision-making. This automation streamlines the bookkeeping process, reduces errors, and enhances efficiency.

AI 122

AI Finance Fraud Detection Mitigation 122

Finovate

MAY 2, 2025

The platform supports every stage of the API journey, from design and dynamic SDKs to code sample generation and end-to-end automation. Central and Eastern Europe Slovenian payment processing company Bankart partnered with Iliad Solutions as its payment testing provider. Adeel Ali is Founder and CEO.

Online and Mobile Banking 64

Online and Mobile Banking Cross-Border Payments Cross-Border API 64

Nanonets

MARCH 22, 2023

OCR is commonly used in document scanning and digitization projects, as well as in automated data entry and processing systems. OCR software uses a combination of image processing, pattern recognition, and machine learning techniques to recognize characters from various fonts, sizes, and styles.

Automation 52

Automation Payment APIs and Integration Legal API 52

Nanonets

SEPTEMBER 1, 2023

AI is wonderful for automating manual work, but automating business processes is not just as straightforward as a 1-line prompt. However, true automation looks different. Time-Consuming: Manual accounting work is time-consuming, requiring long hours to reconcile accounts, generate reports, and perform financial analysis.

Automation 52

Automation AI Accounts Duplicate 52

Nanonets

JULY 18, 2023

Fortunately, cutting-edge advancements in automation technology have revolutionized the accounts payable landscape, offering businesses an opportunity to streamline their workflows and achieve unprecedented levels of efficiency. Photo by Carlos Muza / Unsplash What is NetSuite Automation? What is Oracle NetSuite?

Automation 52

Automation Reconciliation Audit Correspondent 52

Nanonets

SEPTEMBER 21, 2023

Finance automation  is revolutionizing the way businesses manage their financial processes, streamlining operations, and maximizing productivity. Key areas that can benefit from automation include  accounts payable ,  accounts receivable ,  spend and expense management , and  financial reporting.

Automation 52

Automation Finance Assessments Compliance 52

Nanonets

MARCH 30, 2023

Intelligent Document Processing (IDP) refers to the automation of data extraction from unstructured documents. The manual process of collating this information requires a significant amount of time and resources, ultimately underutilizing or burdening a company's most valuable asset - its human talent. from 2021 to 2027.

Process 52

Process Automation Compliance Volume 52

The Finance Weekly

AUGUST 5, 2023

Your Future in FP&A: Navigating the Varied Career Paths Typically, , Financial Planning and Analysis are integral parts of a comprehensive financial management system, which also includes accounting, revenue and cash flow management , governance, risk, and compliance (GRC), along with other core financial processes.

Financial Analysis 130

Financial Analysis On-Demand Finance Compliance 130

Nanonets

JUNE 7, 2023

While Chat-GPT may be able to pass the CPA exam and generate incredible walls of text, true AI automation looks different (and isn’t as straightforward as a 1-line prompt). However, these processes involve spending time (and money). It is heavy on synchronous communication. Have you encountered situations like the ones below?

Automation 52

Automation AI Accounts Duplicate 52

Nanonets

AUGUST 22, 2023

Imagine a landscape where the repetitive tasks that consume your time are transformed into seamless, automated processes. Welcome to the world of Excel automation. What is Excel Automation? Get Started Why is Excel Automation Important? Get Started Why is Excel Automation Important?

Automation 52

Automation Process Volume Consulting 52

FloQast

JANUARY 22, 2024

You can and should: Maximize performance Minimize workload Accounting and finance functions are crucial to your organizational performance and increasing enterprise value is possible by leveraging things like workflow automation, reporting, and audit readiness. Workflow automation can help.

Automation 52

Automation Technology Audit Compliance 52

Nanonets

JUNE 15, 2023

Accounting automation has become a game-changer in the financial world. It transforms how businesses handle their financial processes. Accounting automation can help streamline operations, reduce errors, and save time and resources. US accounting services show that nearly 75% of accounting tasks can be automated.

Automation 52

Automation Accounts Payroll Process 52

EBizCharge

JUNE 6, 2024

One ERP that stands out is Microsoft Dynamics 365, a powerhouse for managing business operations, including the pivotal task of credit card processing. Microsoft Dynamics 365 is a comprehensive suite of cloud-based business applications that help organizations manage and automate their customer relationships, operations, financials, and more.

Credit Cards 52

Credit Cards Process Payment Gateways Gateways 52

The Finance Weekly

DECEMBER 30, 2021

Large companies are firmly embracing robotic process automation (RPA), leveraging sophisticated data analytics and visualization tools, and exploring the use of blockchain and other new technologies. There are multiple ways CFOs can ensure discipline in the technology selection process. Discipline.

Technology 130

Technology MSPS Small Business Data Security 130

Nanonets

APRIL 5, 2024

Tipalti and Airbase are powerful AP automation platforms that can seriously streamline financial processes. Airbase comparison will give you the insights you need to choose the right AP automation solution for you. This makes it an attractive choice for businesses looking to streamline their spend management processes.

Automation 52

Automation Multi-Currency Compliance Process 52

Nanonets

MAY 8, 2023

  Bookkeeping is the process of keeping financial records for your business. A single-person small business can get away with keeping written financial records in a notebook but large businesses need detailed entries. Automate general ledger entries, GL coding, invoice management , and more. What is bookkeeping?

Automation 52

Automation Accounts Reconciliation Audit 52

PYMNTS

OCTOBER 17, 2016

According to the report, providers of outsourced procurement solutions are turning to robotic process automation technology to meet cost reduction needs, while remaining vigilant on invoice management and fraud prevention. So, why aren’t small businesses adopting automation technology for their procure-to-pay needs?

Technology 76

Technology Remote Deposit Capture Small Business Automation 76

Nanonets

JULY 25, 2023

What is financial data analysis? Gartner defines financial analysis as the process that provides “insight into the financial performance of an organization.” Financial data analysis involves forecasting, planning, budgeting, and reporting to optimize business processes.

Financial Analysis 52

Financial Analysis Payment APIs and Integration Assessments Automation 52

The Finance Weekly

OCTOBER 13, 2021

Automation of previously manual tasks. Complete data analysis (DA). In this way, the FC can provide high-detail, granulated financial analysis that can be used by the CFO for broader financial planning. The benefits of CPM software are as follows: Reduced operational costs. More streamlined and productive workflow.

Risk Management 130

Risk Management Risk Mitigation Risk Finance 130

Nanonets

JULY 26, 2023

Extracting relevant and accurate financial data from financial and business documents is critical for effective decision-making, financial analysis, and integrity, as well as regulatory compliance. This fast-growing market is evidence of the gains that financial data extraction can bring to a business.

Automation 52

Automation AI Financial Analysis Volume 52

The Finance Weekly

JULY 31, 2023

With the emergence of , AI tools and Large Language Models (LLMs) like ChatGPT, Google Bard, and BERT, professionals in these fields can benefit from enhanced capabilities and streamlined processes. She is passionate about harnessing AI applications in corporate finance to streamline processes and unearth valuable insights.

AI 130

AI Finance Procedures Accounts 130

Nanonets

APRIL 10, 2023

This process is tiresome, error-prone, and time-consuming. As a finance professional, you want to use invoice data to process payments, match invoices with purchase orders or create financial reports. Secondly, converting PDF invoices to spreadsheets can help you automate a major part of the invoice data entry process.

Automation 52

Automation Payment Reconciliation Financial Analysis Reconciliation 52

Nanonets

SEPTEMBER 20, 2024

Traditionally, extracting this structured information has been a complex task in data processing. The accuracy of a good table parser can pave the way to automation of a lot of workflows in a business. Table extraction refers to the process of identifying, and extracting structured data from tables embedded within documents.

Rules 135

Rules Process AI Origination 135

Nanonets

JUNE 7, 2023

While Chat-GPT may be able to pass the CPA exam and generate incredible walls of text, true AI automation looks different (and isn’t as straightforward as a 1-line prompt). However, these processes involve spending time (and money). And yet adoption of this technology is still not widespread. Where do you start?

AI 52

AI Accounts Duplicate Automation 52

Finovate

AUGUST 8, 2024

Features FinTech Insights GPT allows users to: Receive actual and actionable insights in seconds Streamline product research processes from months to minutes Make faster, bullet-proof decisions with accuracy Who’s it for? With AI, it automates everyday tasks that tie up employee time. B2B service and implementation providers.

Disputes 52

Disputes Credit Union Due Diligence Scams 52

Nanonets

JUNE 23, 2023

Balance sheet reconciliation is a critical process in finance and accounting that ensures the accuracy and integrity of financial statements. While it may seem like a straightforward process, there are common mistakes that can hinder the effectiveness of balance sheet reconciliation. This process is known as the financial close.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

PYMNTS

SEPTEMBER 3, 2019

Price isn’t everything in B2B commerce, particularly as both buyers’ and suppliers’ need for digitization, automation and integration weigh on both ends of the transaction. These claims, also known as chargebacks, bill backs or ship and debit, involve a process whereby a manufacturer approves of a special price agreement with a distributor.

B2B 60

B2B B2C Agreements Automation 60

FloQast

JANUARY 1, 2025

Heres how its making an impact today: Real-Time Financial Insights AI automates financial data analysis, allowing businesses to get real-time access to critical insights. Audits will shift from reactive investigations to proactive processes, eliminating stress from the top down.

AI 52

AI Accounts Audit Fraud Detection 52

EBizCharge

AUGUST 19, 2024

As companies continuously seek ways to enhance efficiency and accuracy, business processes such as accounting operations are seeing significant innovation via integrations with platforms like Salesforce. Therefore, businesses can optimize their financial processes by learning how to utilize accounting functions within Salesforce.

Accounts 52

Accounts CRM Automation Process 52

PYMNTS

DECEMBER 19, 2018

As far as B2B FinTech goes, much attention has been paid to empowering a range of processes, including accounts payable, expense management and financial analysis — many of which had previously been a part of the Enterprise Resource Planning (ERP) solution.

AI 68

AI Financial Analysis B2B Innovation 68

Nanonets

SEPTEMBER 22, 2023

Accounts payable software for small business  can significantly enhance financial workflow and improve overall efficiency. This powerful tool automates and streamlines the accounts payable processes, helping businesses manage invoices, vendor payments, and maintain accurate financial records.

Small Business 52

Small Business Accounts Online and Mobile Banking Automation 52

Nanonets

APRIL 24, 2023

This facilitates verification of customer profiles, streamlining the onboarding process, approving loans and mortgages, assessing borrower risk, etc. While bank extracts were obtained manually in the past, most companies are resorting to software to automate this tedious process.

Assessments 52

Assessments Automation Fraud Detection Risk Assessment 52

Nanonets

APRIL 30, 2024

In today's digital-first age, the volume of data managed and processed by organizations has skyrocketed, making efficient data extraction techniques more crucial than ever. Also such systems using AI to extract data are adept at processing PDF documents that vary in layout and design. only text, tables, graphs or images).

AI 52

AI Due Diligence Automation Use Case 52