Nanonets

JUNE 18, 2024

Automate Data Extraction from Expense Claims What qualifies as a claim? Read about how to create expense reports in Excel and how to automate the expense reporting process. How to automate your Expense Approval Process The complete guide to expense approvals, and how to automate your expense approval process end-to-end.

Automation

Finovate

AUGUST 8, 2024

FinTech Insights FinTech Insights is an AI-powered competitive analysis platform for banks and fintechs. By analyzing digital banking offerings, FinTech Insights enables faster UX research, product releases, and innovation. With AI, it automates everyday tasks that tie up employee time.

Disputes

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 analytics also helps create budgets, plan expenses, conduct competitor research, and establish effective management mechanisms.

Financial Analysis

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

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

Nanonets

MARCH 30, 2023

Intelligent Document Processing (IDP) refers to the automation of data extraction from unstructured documents. IDP is increasingly being used in various industries such as finance, healthcare, and government, to automate many document-intensive tasks such as invoice processing, contract management, and compliance reporting among others.

Process

Nanonets

SEPTEMBER 20, 2024

From financial reports and research papers, to resumes and invoices, these documents can contain complex tables with a wealth of structured data that needs to be quickly and accurately extracted. The accuracy of a good table parser can pave the way to automation of a lot of workflows in a business.

Rules

Nanonets

APRIL 30, 2024

For example, financial reports, invoices, research articles, and forms might all be in PDF format but have very different layouts. Modern intelligent automation solutions like Nanonets combine AI based data extraction with powerful workflow automation capabilities. How does data extraction using AI work?

AI

Nanonets

APRIL 29, 2024

Balance sheet reconciliation software, also known as accounts reconciliation software, is a specialized tool designed to streamline and automate the process of reconciling balance sheet accounts within an organization's financial system.   Why Do We Need Balance Sheet Reconciliation Software?

Reconciliation

Nanonets

APRIL 3, 2024

Assess Current Investments Best used for financial advisors, planners, and other professionals (or individual investors), you can feed ChatGPT fund prospectuses, holdings, and other information to analyze your current investments as a whole and optimize your portfolio and strategy.

Finance

Fintech Labs Insights

NOVEMBER 23, 2015

PRUDENA launched its online stock market research marketplace last week, helping retail investors and independent financial advisors access the same kind of quantified stock market research that institutional money managers have used for years. PRUDENA is available for free and by subscription.

Research

Nanonets

MARCH 4, 2024

Business expense categories are a systematic classification of costs incurred during the operation of a business, designed to organize and track financial outflows for purposes such as tax preparation, budgeting, and financial analysis. Research and Development : Costs associated with developing new products or services.

IRS

Nanonets

FEBRUARY 13, 2024

We'll also explore how expense categorization can be automated using technology. Create Categories The first step in mastering your business’s financial landscape is to establish clear and comprehensive categories for your expenses. How to Categorize Expenses?

IRS

Nanonets

FEBRUARY 6, 2024

This article provides the most comprehensive guide to intercompany reconciliation and how automation can help you save time & cost! Automate reconciliation to improve accuracy and save time & cost. It has to be structured into groups to reduce the complexity, and the process has to be automated to save you time.

Reconciliation

Nanonets

FEBRUARY 28, 2024

We'll also explore how to efficiently manage and utilize your General Ledger, including the implementation of modern software solutions to automate and streamline your accounting processes. This meticulous document serves as the foundation for a company's financial statements, categorizing and recording each transaction.

Automation

Nanonets

SEPTEMBER 23, 2024

AI-powered bank statement extraction AI-powered tools are paving the way for financial analysis across all industries. 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

Nanonets

NOVEMBER 19, 2023

Accurate financial records: Consistent invoice settlement allows for accurate documentation of all transactions. This aids in better financial analysis and reporting, ensuring all payments, credits, and debits are recorded correctly. This automated check not only safeguards against overpayments but also helps prevent fraud.

Settlement

Nanonets

FEBRUARY 14, 2024

We'll also discuss how to set up efficient GL coding processes in your team, and explore GL coding automation software. General Ledger Codes, or GL Codes, are unique alphanumeric strings that classify and record financial transactions within a company’s general ledger. What are GL Codes?

Transactions

Nanonets

FEBRUARY 8, 2024

Nanonets Nanonets AP automation platform is your go-to solution for optimizing all accounts payable tasks. It uses advanced AI and machine learning to continuously train its models and allows you to benefit from automating nitty-gritty tasks like invoice data extraction and validation. Quotient makes the quote process a breeze!

Payroll

EBizCharge

JUNE 26, 2024

Operational costs are broader than production costs, including administrative expenses, sales and marketing, research and development, and other overheads. Understanding these costs is critical for pricing, budgeting, and financial analysis. Controlling operational costs is crucial for maintaining profitability.

Accounts

Nanonets

SEPTEMBER 23, 2023

It is an important metric in cash-flow management and financial analysis, providing valuable insights into a company's overall financial health and efficiency in  managing accounts payable. Additionally, adopting automated payment systems can streamline the accounts payable process and increase efficiency.

Accounts

EBizCharge

JULY 17, 2024

Other categories may include selling expenses, research and development costs, and direct production expenses, each distinctly different from G&A. Understanding the difference between G&A and SG&A allows for more accurate financial analysis and better cost-control strategies.

Product

Fintech Labs Insights

AUGUST 22, 2024

for its financial education platform targeting women, growing steadily with high user engagement. Fall 2022 (New York): Debbie: Raised $2.7M, continued expansion in automated financial services for personal finance management. MX: Financial data aggregation, continued to lead with innovation in financial management tools.

Online and Mobile Banking