Remove 2021 Remove Collections Remove Invoice Processing
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Tech news: SmartVault plans AI document management tool

Accounting Today

SmartVault plans release of AI document management solution Document management Sutthiphong - stock.adobe.com Document management solutions provider SmartVault announced the upcoming release of SmartRequestAI, a new tool designed to transform the way firms collect client information and documents during tax season.

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How to build an Automated Invoice Processing workflow

Nanonets

Automated invoice processing is the process of seamlessly extracting data from invoices entering your system and pushing it into your ERP so that processing a payment can be done in just a few clicks. Also Check out Nanonets' pre-trained Invoice OCR or build your own custom Invoice management workflow.

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Understanding the Difference: Quote vs Invoice Explained

Nanonets

Quotes are non-binding agreements that allow customers to consider the prices and terms before committing to a purchase, while invoices are used to  collect payment  and track financial transactions. Quotes are non-binding agreements, while invoices are used to  collect payment  and track financial transactions.

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Accounts Payable Outsourcing vs. AP Automation: Which is Better for Your Business?

MineralTree

When it comes to ACH payments, it’s not only a hassle for your team to collect and update vendor bank account information, but this process also exposes your business to greater fraud risk. With a platform like MineralTree, all invoice data is available to use in data analytics, upon invoice capture.

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Construction Firm Ensures Lean Operations with AvidXchange

AvidXchange

The Challenge: Inefficient, Time-Consuming Paper AP Processes Regularly working on massive commercial construction projects like schools, medical complexes and high-rise apartment buildings, MCG manually processed more than 600 invoices and cut paper checks for hundreds of payments each month. mail system.

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Construction Industry Trends: 5 Game-Changing Shifts for Accounts Payable in 2022

AvidXchange

“When construction firms come to us, they are often trying to resolve issues around the management of invoices. It’s not surprising, as they are dealing with incredibly time-consuming, cumbersome manual invoicing processes that involve a lot of waiting and uncertainty. Tweet Equally alarming, construction is the No.

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A Complete Guide to Digital Transformation in Accounts Payable

Nanonets

billion in 2021 to USD 7.5 Here are some of the several functions that can be automated: Supplier Onboarding and Tax Compliance : Automation streamlines the supplier onboarding process, ensuring that all necessary data, including tax information, is accurately collected and managed. billion by 2030 at a CAGR of 12.5%.​​