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What is audit automation?

Nanonets

The era of automation has brought about a revolution in various industries, and the audit sector is no exception. The integration of Artificial Intelligence (AI), cloud-based data storage solutions, and data analytics tools is set to transform the audit industry, reshaping the way accountants and auditors carry out their tasks.

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Adding Up the Costs of Poor Payment Processes

AvidXchange

Consider the time and money spent manually entering a printed invoice into your accounting system, then continuously tracking approvals, the purchase order, and other details just to pay the vendor on time. In fact, in 2017 the IC3 of the FBI received over 15,000 BEC complaints and resolved claims totaling over $675 million.

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What Intuit, Xero, and Sage Earnings Say about Cloud Accounting

Cloud Accounting Podcast

I know we've been thinking, oh, it's gonna be 2016, 2017. Blake Oliver: [00:17:20] Yeah. Thankfully, during coronavirus, all of that thought leadership about how blockchain is going to eliminate the audit profession has disappeared. I'm wondering if we're now finally, finally in the year where desktop starts to really die.

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