Remove Database Remove Duplicate Remove Procedures
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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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Blockchain Gets A Nod In The Isle Of Man

PYMNTS

According to CCN, and quoting Nikkei Asian Review , the three banks said that the project was a duplication of their own efforts on a bank-by-bank basis. The startup uses sharding to break databases into units, and to help with scaling issues that typically are the hallmarks of blockchain.

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Automating Invoice Processing with OCR and Deep Learning

Nanonets

Among the several drawbacks of going through these procedures manually are higher costs, greater manpower requirement, a higher amount of time consumed in repetitive tasks and a greater carbon footprint. The company, having automated the process of entering this data into a database, can also now retrieve this information anytime.

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Workflow Automation Guide & 5 Best Workflow Software for 2023

Nanonets

This article will show how workflow management solutions can automate routine procedures, minimize repetitive jobs and operator mistakes, detect bottlenecks, and simplify communication across all departments. Workflows are used to define the procedure that is required before the task is considered complete. What is workflow automation?

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How to Use AI in Bank Statement Processing

Nanonets

Set up rule-based workflows to identify and remove any duplicate entries and human review for complex or ambiguous transactions. Regularly analyze reasons for variances (for eg: format differences, fraud, duplicate records) Discrepancy identification During reconciliation, any mismatches are flagged for further review.

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How Blockchain Is Disrupting Insurance

CB Insights

For flight insurance, a smart contract could be linked to an air traffic control database, and automatically trigger compensation when delays or cancellations occur. Denials can occur as a result of anything from failure to obtain proper authorization for a procedure, or improper data entry.

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Exploring E-Procurement: A Comprehensive Guide

Nanonets

Reduces supply problems, including pricing mistakes, order duplication, and inventory issues. Minimizes missing orders, order duplication, and enhances overall efficiency. Digital Transformation Opportunities : Transitions from inefficient email and spreadsheet processes to a centrally controlled database.