Remove 2010 Remove Financial Records Remove Purchase Order
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Preventing payment fraud and shadow spending

Nanonets

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. By automating data entry and reconciliation, the risk of human error is minimized, enhancing the integrity of financial data.

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General Ledger (GL): Definition, Significance, Implementation

Nanonets

Automate your General Ledger The general ledger is the backbone of your company's financial records. It is the centralized repository for all financial data, including assets, liabilities, equity, revenue, and expenses. The hours or even days of labor this could save your team are invaluable.