Outsourced Bookeeping

MARCH 9, 2023

As the tax season of 2023 is approaching, taxpayers must be aware of common errors that they may make when filing their tax returns, which can lead to penalties and unwanted troubles. Below are some common errors that taxpayers should be careful about when filing their taxes in 2023. Filling Taxes in 2023?

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Invoicera

FEBRUARY 5, 2024

The blog advocates for modern invoicing software to overcome these limitations. Emphasis is placed on: Efficiency and time-saving features Invoice automation Growth and revenue enhancement Project management Security measures The blog encourages businesses to choose software aligned with their needs for data-driven success in invoicing.

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Nanonets

JULY 18, 2023

Text Recognition in 2023 In many companies and organizations, plenty of valuable business data is stored in documents. This data is at the heart of digital transformation. Usually, we rely on data entry operators to manually enter them, which is hectic, time-consuming, and error-prone.

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Xero

SEPTEMBER 1, 2022

From January 2023, you’ll need to report parental leave and workers’ compensation separately in Xero Payroll. When you create a new tax return for your clients, the prior year return’s worksheet entries will now be rolled forward and automatically merged with pre-populated data from the IRD.

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Nanonets

AUGUST 20, 2023

These bots mimic human actions by interacting with various systems and applications, such as data entry, screen scraping, and decision-making. By automating these processes, telecom companies can ensure data accuracy and improve customer service. Banking Industry RPA has become a game-changer for the banking sector.

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Nanonets

APRIL 20, 2023

Top 10 PDF to Excel Converters in 2023 #1. The Pro version, Nanonets, is primarily used to automate all manual data entry processes. So, using Nanonets, you can automate data extraction , document processing , and document verification processes to improve efficiency. It’s free and easy to use.

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Xero

JULY 31, 2022

This means you won’t be able to use them from 31 July 2023. All you need to do is review and approve the transaction — saving you time on data entry and ensuring your VAT payments are accurate. We know that images or charts can express complex ideas or data in a much simpler, beautiful way. New features.

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LedgerDocs

SEPTEMBER 25, 2023

may have a steeper learning curve with less collaboration oriented features Automated Categorization for Swift Reconciliation: Both LedgerDocs and Dext offer automated data extraction using OCR technology, allowing the automation of the formerly tedious manual data entry process. appeared first on LedgerDocs.

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AvidXchange

FEBRUARY 17, 2023

The Controllers Council and Sage recently released the results of the 2023 Controller/CFO Sentiment Study , which surveyed 300 North American CFOs and controllers. Building on the lofty expectations, 48% of respondents expect increased profits in 2023, while only 17% expect decreased performance.

AR 52

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MineralTree

MARCH 16, 2023

Today’s blog breaks down the differences between automating and outsourcing AP, explaining the various reasons why teams opt between the two models. The State of Accounts Payable Today Recession and inflation are top challenges for CFOs as they look to keep companies profitable in 2023.

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SSI Healthcare Rev Cycle Solutions

NOVEMBER 30, 2023

The Evolution of Electronic Medical Claims and Revenue Cycle Management in the US Healthcare System Home / November 29, 2023 In the constantly evolving landscape of US healthcare, the story of electronic medical claims and revenue cycle management stands out as a testament to technology’s transformative power.

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MineralTree

JANUARY 18, 2024

In this blog, we’ll explore 12 steps to optimize the AP workflow , focusing on process improvements in accounts payable. According to MineralTree’s 2023 State of AP Report , AP is the top digitization priority for finance professionals. In most cases, the next step involves digitizing and automating AP processes.

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SSI Healthcare Rev Cycle Solutions

APRIL 19, 2023

A well-known alternative to obtain claim status information is through the use of DDE (Direct Data Entry). As a result, the use of EDI 276/277 transactions is a more efficient alternative for providers and Medicare. It is designed to be used by individual authorized users who enter and submit claims using their own user credentials.

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Analytix Finance & Accounting

OCTOBER 6, 2023

Nearly half (48%) of firms plan to invest in emerging AI tools by the end of 2023, and 91% report that this technology has already helped better support their customers. Reduces errors : Using automation and AI in accounting minimizes the need for task completion and data entry by people, which lowers the risk of human error.

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Nanonets

DECEMBER 19, 2023

💡 In its 2023 Global Chief Procurement Officer (CPO) Survey , Deloitte recaps its survey statistics and describes how Chief Procurement Officers create value. See Nanonet’s blog article for the differences in RFQ vs. RFP.  Some eSourcing tools include automated vendor scoring and evaluation.

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AvidXchange

MAY 30, 2023

But many AP staff associate summer with more of the same: evasive invoice approvals, boring data entry and piles of paper clutter. According to our 2023 AP Career Satisfaction Survey conducted with the Institute of Finance & Management (IOFM), only 22% of AP professionals took their full allotment of paid time off (PTO) in 2022.

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SSI Healthcare Rev Cycle Solutions

FEBRUARY 6, 2023

Why Hospitals Should Consider Automating Prior Authorization February 6, 2023 Hospitals today are under constant pressure to provide high-quality patient care while operating as efficiently as possible. Just some minimal data entry and go. Don’t forget about expertise and support.

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Revenue Cycle Revenue Cycle Management Data Entry Billing 40

Intuit

NOVEMBER 20, 2023

Its intelligent algorithm will reach out to customers on your behalf to complete documents, reducing the amount of data entry on your end. Intuit prides itself on being one of the 100 best companies to work for in 2023, and one of the main reasons is that we give many of our accountants the ability to work remotely.

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Outsourced Bookeeping

JUNE 19, 2023

Efficient Invoice Management in QuickBooks: Tips for Accuracy and Timeliness Businesses may improve the accuracy, punctuality, and general efficiency of their QuickBooks invoice management processes by putting the following advice and suggestions into practice for their tax planning strategies in 2023.

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AvidXchange

DECEMBER 21, 2023

In this post, we’ll discuss how organizations are using AI tools for finance today and into 2024. AvidXchange surveyed 500 finance executives in September 2023 to learn more about their priorities for 2024. Computer vision can “see” data in images. Unsurprisingly, AI was at the top of that list.

Computation 52

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SSI Healthcare Rev Cycle Solutions

FEBRUARY 21, 2023

Prior Authorization FAQ for Healthcare Providers February 21, 2023 As prior authorizations (PA) or pre-certification continue to increase, many providers have questions about PA and how they can improve their own processes. Here are answers to the most pressing prior authorization questions asked during our latest webinars.

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AvidXchange

JULY 29, 2021

Read the blog 4 Technologies Powering the Future of Accounts Payable Automation Robotic Process Automation Truths Having cleared up these misconceptions, let’s go deeper into the truths about RPA. As for the RPA market itself, it’s expected to grow by 29 percent from 2017 to 2023, according to Market Research Future.

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Nanonets

MAY 10, 2023

Workflows have taken the business world by storm because workflows can automate everything from simple data entry to entire accounting processes more efficiently. Let’s look at some of the top workflow management software in the market in 2023. Workflow is a series of sequential steps required to complete a task.

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Nanonets

JUNE 15, 2023

billion in 2023 and is set to grow to USD 16.4 In case you’re short of time, here is a quick comparison of top 5 out of 10 DMS recommendations in 2023: Top 5 Document Management Software in 2023 What is document management? Top 10 Document Management Software in 2023 #1. And it’s growing fast.

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AvidXchange

DECEMBER 15, 2023

Accounts payable (AP) is a challenging job that demands professionals to juggle numerous tasks simultaneously, from data entry to account reconciliation to monthly reporting. Uh, conducted, uh, with IOFM and AvidXchange, and the data was collected on March of 2023, and there were 461 respondents.

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Nanonets

JUNE 14, 2023

Imagine manually having to collect data from thousands of invoices! In this blog, I’ll walk you through the steps to process your invoice using GPT-4 and Nanonets. Step 1: Create a Nanonets Account and Upload the Image The first step is to extract the text data from the image of our invoice.

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SSI Healthcare Rev Cycle Solutions

FEBRUARY 24, 2023

February 24, 2023 This infographic addresses the prior auth (PA) problem in healthcare and how to solve it. The current prior auth (PA) process is riddled with errors and inefficiency due to its reliance on manual data entry. Solving the Prior Auth Problem [Infographic] Don’t wait, start early to reap the benefits!

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Nanonets

SEPTEMBER 5, 2023

Reduced Errors: Human errors, such as data entry mistakes or oversight, are common in manual processes. Workflow automation minimizes these errors by enforcing consistent procedures and automating data handling, resulting in improved accuracy and reduced costly mistakes.

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Nanonets

JANUARY 16, 2024

This could be anything from routine data entry to complex, multi-step operations involving several participants. Reduced Errors: Human errors, such as data entry mistakes or oversight, are common in manual processes. You may read more about HR optimization on the following blogs: [link] , [link] , [link].

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