Database Financial Analysis Payment APIs and Integration 
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.
Nanonets
MARCH 22, 2023
Automated workflows : OCR can be integrated into automated document processing workflows, reducing the need for manual intervention and improving overall process efficiency. We also offer a simple API that can be integrated into your own software applications.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Nanonets
JUNE 25, 2024
Think of it as giving each expense its own 'address' in your financial records. Detailed invoice coding enables accurate budget tracking, easier reporting, faster approvals, and better financial analysis. A misplaced decimal or incorrect GL code can significantly skew your financial data.
Nanonets
SEPTEMBER 18, 2024
To understand financial document automation, let's look at a typical Accounts Payable (AP) process: AP team issues a purchase order (PO) The vendor delivers and sends an invoice AP matches the invoice with the PO and delivery receipt If matched, payment is processed This manual process is manageable for small companies.
Nanonets
APRIL 30, 2024
The final extracted data needs to be sent to a downstream business software or stored in a database. While APIs do allow some level of interoperability, the extracted data often needs to be converted into a suitable format that might often require manual intervention - e.g. preparing a CSV file to import CRM data into Salesforce.
Nanonets
MARCH 4, 2024
Integration with Financial Systems : AI can seamlessly integrate expense management systems with other financial software, such as accounting systems or ERP solutions. This integration facilitates real-time financial analysis and helps maintain accurate financial records.
Nanonets
JUNE 27, 2023
In addition to facilitating data management, effective document processing enables the integration of heterogeneous systems like ERP, WRM, SCM, and CRM, empowering informed decision-making and fostering business intelligence in this sector. AI-based OCRs can also integrate with multiple systems.
Expert insights. Personalized for you.
Let's personalize your content