AvidXchange

JANUARY 15, 2021

As a finance professional, you may be struggling with your manual accounts payable (AP) paper processes and questioning what to do about it. Well, this accounts payable software explainer will help you get out from under tedious, inefficient data entry and on to more important matters. What is accounts payable software?

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Nanonets

JUNE 22, 2023

By matching invoices with accounting entries in the general ledger, businesses can identify and rectify duplicate entries, errors, or extra payouts, keeping their books in proper balance. Ensure that all invoices have been properly accounted for in your financial records.

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MineralTree

FEBRUARY 16, 2023

As an example, a fraudster may impersonate a vendor — often through BEC or account takeover — and contact the AP team to update payment information to a fraudulent account. The State of ACH Fraud Today 71% of organizations were victims of payment fraud attacks or attempts in 2021.

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AP Accounts Payable Accounts Payable Data Entry 52

Nanonets

NOVEMBER 16, 2023

This is where Accounts Payable (AP) Automation emerges as a critical tool, not merely for managing payments but as a strategically in scaling your business. AP Automation involves leveraging technology to streamline, optimize, and automate the processes associated with managing a company’s accounts payables.

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Nanonets

MARCH 30, 2023

Intelligent Document Processing (IDP) refers to the automation of data extraction from unstructured documents. It eliminates the need for manual data entry, reduces errors, and increases efficiency in document management. As we enter the sixth decade of the information age, data has become a currency of the business world.

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Data Entry Invoice Processing Invoicing Purchase Order 52

Cloud Accounting Podcast

AUGUST 11, 2021

Interested in sponsoring the Cloud Accounting Podcast? DIAL (202) 695-1040 Need Accounting Conference Info? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes , or Podchaser.

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XERO CPA Data Entry Bookkeeping 40

Nanonets

AUGUST 1, 2023

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. Automation obviates labor-intensive tasks like data entry and analysis.

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Nanonets

APRIL 24, 2024

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. Bank account reconciliation compares the financial data in a company's internal accounting books (e.g.,

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AvidXchange

JUNE 23, 2022

Intrigued with the idea of a paperless office, Sorrells began researching automated accounts payable (AP) solutions. It eliminates data entry and approval hassles and enables Sorrells to view invoices and documents and to cut checks in Sage 100 Contractor. Her role has evolved from handling Sorrells & Co.’s

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Nanonets

JUNE 27, 2023

In light of these factors, digital document/data processing and management have become paramount. Not surprisingly, the automotive data management market was valued at USD 1.58 Accounts Payable and Finance Departments AI-enhanced OCR technology enhances financial and accounting processes within the automotive value chain.

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Nanonets

SEPTEMBER 21, 2023

Sample Invoice Invoice Number Date Due Date INV-20210001 January 1, 2021 January 31, 2021 Item Description Quantity Unit Price Amount Product A Description of Product A 2 $50.00 $100.00 It helps in tracking sales, managing accounts receivable, and ensuring timely payments. Product B Description of Product B 1 $75.00 $75.00

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MineralTree

MARCH 16, 2023

The State of Accounts Payable Today Recession and inflation are top challenges for CFOs as they look to keep companies profitable in 2023. This dynamic, coupled with ongoing threats related to recession and inflation, result in numerous challenges for accounts payable teams. What is Accounts Payable Outsourcing?

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AvidXchange

MAY 5, 2023

Products Used: TimberScan Titanium Industry: Construction Year Joined: 2021 Accounting System: Sage Intacct Customer: Fred Herbst, FL Star Group Bio: Fred Herbst graduated Cum Laude with a degree in Business Management from Florida Gulf Coast University in 2011. We needed a change to provide flexibility for the team.”

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CapActix

OCTOBER 10, 2023

That’s where the best accounting software for CPAs and accounting firms comes into play. Investing in the best accounting software for CPAs and accounting firms designed to facilitate the operations of accounting business is a prudent decision. million ( Source : Finances Online ).

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Gaviti

MARCH 10, 2024

The accounting and finance industry, including accounts receivable teams, have been facing an upheaval in recent years, with the lack of accountants and financial professionals causing firms to compete for talented staff. First, many have simply retired.

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Accounting Accounting Accounts Receivable Accounts Receivable 52

Nanonets

NOVEMBER 14, 2023

In an increasingly interconnected global  economy, international accounts are a usual part of most business operations.   This guide delves into the best practices of managing international accounts payables, from traditional payment methods to automation solutions.   What are International Accounts Payable?

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AvidXchange

JUNE 10, 2024

A Morning Consult study found that YouTube, Instagram, and TikTok are Gen Z’s go-to sources for sports news. Team USA is targeting this demographic with a TikTok account that features its athletes as creators. Social Media Marketing A recent Deloitte report found that nine out of 10 Gen Zers use social media to consume sports content.

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Data Entry Budgeting Deposits Invoice Processing 52

Nanonets

MAY 31, 2023

  Invoice capture using manual data entry  into systems during these times lead to common issues like lost documents and tally mismatches. Set up touchless AP workflows and streamline the Accounts Payable process in seconds. This is able to provide digital text that makes data entry a little easier.

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Nanonets

JUNE 12, 2023

OCR software solutions help businesses save time and resources that would otherwise be spent on data entry & manual validation/verification. Automate manual data entry using Nanonet's AI-based OCR software. Let's take a look at some of the best OCR software & also check out some free OCR software.

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AvidXchange

JANUARY 24, 2023

In the first episode of the “Net 30” podcast by the AvidXchange Podcast Network , host Chris Elmore sat down with Rhonda Greene and Gary Larson to discuss the future of accounts payable (AP). Nine key data points were used to assess the current state of AP and analyze what each could mean for the future of the profession.

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Accounts Payable Accounts Payable AP Accounting 52

Nanonets

MAY 31, 2023

million individuals in the United States fell victim to identity theft in 2021. Account Takeover: Criminals gain unauthorized access to customer accounts, allowing them to make fraudulent transactions or transfer funds. According to the Federal Trade Commission, USA, over 1.4 These attacks resulted in a total loss of $44.2

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Nanonets

AUGUST 1, 2023

Traditionally, document workflow management relied on manual tasks, such as printing, scanning, mailing, manual data entry, the physical transmission of documents across the hierarchy for approval, etc. With the advent of automation tools, businesses are now leveraging automation to better manage their document workflows.

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Nanonets

APRIL 17, 2023

Finance teams are well aware of the tedious and error-prone nature of manual accounts payable processes. AP automation or accounts payable automation solutions are an attempt to optimise this process for finance teams. What is Accounts payable automation or AP automation? Why automate accounts payable?

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AvidXchange

NOVEMBER 3, 2021

Here at AvidXchange, we want to help your accounts payable (AP) team avoid making duplicate payments — a significant industry problem. With this goal in mind, we’re sharing insights that one of our principal solutions consultants, Rhonda Greene, offered during our recent REVx 2021 event. It can get messy and confusing.

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Nanonets

AUGUST 1, 2023

AI algorithms ensure data accuracy and review readiness. Automated expense recognition and classification, reducing manual data entry and GL coding efforts. Financial data analysis for identifying savings opportunities and recommending cost-saving measures. The dedicated account manager is available for the top plan.

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Nanonets

JULY 4, 2023

Hyperautomation was rated the number one technology trend for 2021 by Gartner, the IT research and advisory firm. Finance and Accounting The advantages of hyperautomating the financial aspects of a company’s operations are increasingly being recognized by businesses.

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Nanonets

JUNE 19, 2023

You can also customize the output, to only extract table or data entries of your interest. Digitize documents, extract tables or data-fields, and integrate with your everyday apps via APIs in a simple, intuitive interface. Seamless 2-way integration with multiple accounting software. Limited use. Not an automated process.

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Cloud Accounting Podcast

MAY 12, 2021

Interested in sponsoring the Cloud Accounting Podcast? DIAL (202) 695-1040 Need Accounting Conference Info? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? We review Accounting Today's list of top firms for technology, and pontificate on which tasks knowledge workers dread the most.

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Cloud Accounting Podcast

MARCH 30, 2020

Interested in sponsoring the Cloud Accounting Podcast? Need Accounting Conference Info? This episode of The Cloud Accounting Podcast is sponsored by Minute7. For details, read the prospectus , and NOW, you can see our smiling faces on Instagram ! You can now call us and leave a voicemail, maybe we'll play it on the show.

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