Remove 2010 Remove Accounting Remove Data Entry
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Finance AI Tools that are Disrupting the Industry

Nanonets

By employing state-of-the-art OCR (Optical Character Recognition) and NLP (Natural Language Processing) technologies, the platform accurately extracts, validates, and organizes critical financial data, reducing the need for manual data entry and minimizing errors. Domo Domo was one of the earliest data analysis pioneers.

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What is ACH Fraud and How to Combat It

MineralTree

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 Accounts Payable (AP) team is the most susceptible department in terms of this attack, with 58% of those surveyed noting their AP teams were compromised.

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General Ledger (GL): Definition, Significance, Implementation

Nanonets

We'll unravel the Chart of Accounts, the backbone of the GL, detailing how transactions are organized and recorded. We'll also explore how to efficiently manage and utilize your General Ledger, including the implementation of modern software solutions to automate and streamline your accounting processes.

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Preventing payment fraud and shadow spending

Nanonets

Account Takeover: Criminals gain unauthorized access to customer accounts, allowing them to make fraudulent transactions or transfer funds. Shadow spending can take various forms, including Embezzlement: Employees misappropriate company funds for personal gain by manipulating financial records or diverting payments to their accounts.

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What are GL Codes and how to assign them effectively?

Nanonets

These codes serve as the fundamental building blocks of a business’s financial structure, enabling the categorization of transactions into distinct accounts for revenues, expenses, assets, liabilities, and equity. The importance of laying a strong foundation for your accounting system cannot be stressed enough. Why use GL Codes?

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Tipalti vs. BILL: Software Guide for AP & Finance Teams

Nanonets

By streamlining the accounts payable cycle with Artificial Intelligence and automation-centric tools, AP teams can reap the benefits of airtight data accuracy, seamless invoice processing , and downstream collaboration with other teams or business processes. Tipalti is a finance automation platform that has been around since 2010.

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Ep. 50: Blake Oliver - So what's the big deal about the Cloud?

IMA's Count Me

Jirav: [link] Cloud Accounting podcast: [link] Blake's website: [link] More About Blake: 1) [link] 2) [link] Contact Blake: LinkedIn - [link] Twitter - [link] FULL EPISODE TRANSCRIPT Mitch : (00:05) Welcome back to Count Me In, IMA's podcast about all things affecting the accounting and finance world. I jumped on that.