NextProcess

DECEMBER 30, 2022

According to the 2021 State of Manufacturing Report , “94% [of respondents] report concerns about their current supply chains” and for “68%, improving supply chain resilience and agility is the number one business priority.” With NextProcess’ Purchase Order Module , your company can automatically enforce purchasing policies.

Purchase Order

Nanonets

JUNE 22, 2023

It involves reviewing the details of each invoice, verifying them against purchase orders, receipts, and other relevant records, and resolving any discrepancies or errors that may arise. Cross-reference this information with the corresponding purchase orders and contracts to ensure consistency.

Invoicing

Nanonets

MAY 31, 2023

Automated Invoice Processing Workflow One needs to run a 3-way match between purchase orders, invoices and receipts. Any automated invoice processing software needs to run a 3-way match of the purchase order , invoices received against purchase order and receipts generated against invoice. code/model-state.py

Invoice Processing

Nanonets

NOVEMBER 14, 2023

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%.​​

Accounts Payable

Nanonets

APRIL 24, 2024

Data Collection : The auditor collects relevant data, including bank statements, transaction records, reconciliation reports, and supporting documentation. Automation tools like Nanonets offer invaluable support to reconciliation audits by streamlining data collection, extraction, and analysis.

Bank Reconciliation

Nanonets

MAY 30, 2023

 The World Bank reports that two-thirds of adults worldwide make or receive a digital payment today, with the share in developing economies growing from 35% in 2014 to 57% in 2021. Schedule a Demo Benefits of ePayments The obvious benefit of electronic payments to both businesses and individuals is convenience.  Less

Accounts Payable

Nanonets

AUGUST 1, 2023

According to a 2021 survey conducted by Forbes among finance and accounts-related executives, almost all respondents (98%) stated that their external audit firm employs advanced technology. Optical Character Recognition (OCR) is a crucial tool in accelerating data collection from scanned images of documents.

Auditing