LedgerDocs

AUGUST 21, 2023

This is where LedgerDocs steps in, offering a transformative AI powered solution that simplifies their financial data management. The OCR technology automates data entry, LedgerDocs eliminates the time-consuming task of manual input, allowing small businesses to keep accurate records while saving time to focus on core operations.

Data Entry

Nanonets

JANUARY 1, 2024

In this blog, we'll delve into what invoice audits entail and why they are crucial for the financial integrity of businesses.   An Account Payable Audit is a process by which the financial records of the accounts payable department are examined by an auditor. What is an Accounts Payable Audit? 

Invoicing

Nanonets

MAY 31, 2023

billion in 2020 globally. billion in 2027, marking a 25% rise compared to 2020. Shadow spending can take various forms, including Embezzlement: Employees misappropriate company funds for personal gain by manipulating financial records or diverting payments to their accounts. Payment fraud has tripled from $9.84

Data Entry

Nanonets

NOVEMBER 9, 2023

A 2020 McKinsey survey found that automation reduced costs by 10-15% and cut order processing time from 2-3 days to 1-2 hours. How does order entry automation work? Order entry automation combines OCR, AI, APIs and integrations, and predefined workflows to automate the entire order entry process.

Data Entry

Nanonets

FEBRUARY 28, 2024

Automate your General Ledger The general ledger is the backbone of your company's financial records. It is the centralized repository for all financial data, including assets, liabilities, equity, revenue, and expenses. Automated Data Entry Data entry is often the bane of efficiency, but it doesn't have to be.

General Ledger

Nanonets

MAY 7, 2023

Billion in 2020 only for North American regions. Alternatively, individuals might reconcile their checkbooks with their bank's records to ensure that all transactions have been accounted for. Reconciliation is important because it helps to ensure the accuracy of financial records.

Bank Reconciliation

Nanonets

FEBRUARY 14, 2024

💡 The General Ledger Explained : At the heart of a company’s financial record-keeping lies the General Ledger (GL) – a comprehensive repository that records every financial transaction conducted by the business.

General Ledger