Nanonets

SEPTEMBER 21, 2023

The implementation of  CFDI 4.0  began on January 1, 2022, with a testing phase running until April 30, 2022. Some of the notable changes introduced in  CFDI 4.0  include the incorporation of electronic waybills, export invoices, withholdings, cancellations, and payments. Benefits of CFDI Tax Compliance 1.

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Nanonets

APRIL 14, 2023

In this article, we'll look at how you can use ChatGPT in accounting to help simplify tedious tasks, generate financial projections quickly, create accurate audit reports, assist with invoice processing and expenses, and manage client communications effectively. Source: Twitter.

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Invoicera

APRIL 10, 2024

Moreover, proper invoicing practices are highly crucial during tax audits. Because an invoice serves as the primary document to verify reported income and taxes, you want to ensure it adheres to all policies, including that of the recipient’s country. 5 Crore or more turnovers by August 2023, requiring IRN inclusion on invoices.

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Nanonets

NOVEMBER 14, 2023

For example, an innocuous-looking invoice attachment could contain malware, compromising the recipient's system when opened, and enabling unauthorized access.  According to Gartner’s 2022 Gone Phishing Tournament Report , a concerning 44% of employees click on email phishing links.

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Nanonets

APRIL 17, 2023

between 2022 and 2029. Accounts payable automation, or AP automation, is the use of technology and software to automate the tasks and workflows involved in the accounts payable process. As businesses grow, this automation can also aid in scaling AP processes without requiring additional hires.

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Nanonets

SEPTEMBER 22, 2023

A vendor invoice contains key details that are essential for accurate  payment processing  and successful  budget management. Let's take a closer look at these details and how they contribute to a smooth invoicing process. This helps to avoid delays in payment and fosters better vendor relationships.

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Nanonets

FEBRUARY 26, 2024

Lost Productivity:  The average invoice processing time in a manual environment can reach as high as 45 days. 💡 According to a  2018 Goldman Sachs report , North American B2B businesses spend around $187 billion annually on AP processing, with labor alone accounting for over 90% of direct costs.

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Invoicera

JANUARY 2, 2024

That means smoother audits and better financial decisions. Accounting firms are implementing encryption protocols, multi-factor authentication, and regular security audits to safeguard sensitive financial information. Streamlining Finances: Adopting these new payment methods doesn’t just make accountants look tech-savvy.

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Nanonets

APRIL 14, 2023

billion in 2022 to $39.05 Expense management software is used to register, track, reimburse, and audit employee expenses, making it easier for companies to manage their finances on a micro-level. According to Fortune Business Insights, the worldwide market for business spend management (BSM) software is estimated to expand from $18.66

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Invoicing Accounts Payable Accounts Payable Purchase Order 52

Nanonets

AUGUST 6, 2024

Project 'Wind Energy Efficiency' headed by Mark D'Souza, aimed at enhancing wind turbine efficiency and was completed in June 2022. Invoice Processing in Accounts Payable Receipt of Invoice - Gmail : An invoice is received via email or uploaded to the system.

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AvidXchange

DECEMBER 15, 2023

Jeanne Dion, Vice President of Value Experience Group, SAP Concur Investing in Yourself Elmore shared some notable survey results, which included that 36% of AP pros are learning a new skill to prepare for a potential layoff, and only 22% used their full personal time off (PTO) allotment in 2022. So we’re partners hand in hand.

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