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App partner of the month: EzzyBills

Xero

EzzyBills was co-founded by Michael and Li Fitzmaurice in 2014 in Australia, after Michael had been creating tools supporting older, legacy accounting software to keep inventory and sales information up-to-date. EzzyBills eliminates the need for manual data entry as well as the human error that goes with it.

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App partner of the month: Datamolino

Xero

We’re excited to announce November’s app partner of the month is Datamolino – an automated data-capture and invoice coding solution that saves small and medium-sized businesses time by reducing manual data entry. Problem solvers solving problems. Our journey has been closely connected with Xero from early on.

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Understanding ASC 606 Revenue Recognition?

Billing Platform

When: In May 2014, the FASB and IASB jointly issued Accounting Standards Update (ASU) 2014-09, which introduced ASC 606. systems, data is seamlessly shared between applications – eliminating the need for manual data entry, reducing or eliminating duplicate entries, and lessening manual, error-prone financial tasks.

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Accounting Technologies: The 2023 Annual Guide

Future Firm

Overall, this process reduces manual data entry, which translates to less human error and better efficiency. So in 2014, I wrote an article titled, “ How the Technology Behind Bitcoin Could Transform Accounting as we Know It “. As I studied the space, I couldn’t help but notice the parallels that this technology had.

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What is audit automation?

Nanonets

The integration of Artificial Intelligence (AI), cloud-based data storage solutions, and data analytics tools is set to transform the audit industry, reshaping the way accountants and auditors carry out their tasks. Automation obviates labor-intensive tasks like data entry and analysis.

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The neXt Era: The Past is Prologue

AvidXchange

In 2009, after reaching the 100 client mark, AvidXchange introduced the AvidBill Network, their electronic vendor invoice submission service, to further streamline the invoice process for customers and eliminate data entry. In 2011, AvidXchange formed a new Energy Information Services (EIS) group, delivered by EnergySolve.

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AvidXchange Helps Hotel Operator Save 37 Hours Each Week, Cut Processing Time by 80 Percent

AvidXchange

“Within a four-month period back in late 2014, we doubled in size,” says Brian Murphy, Director of J.D. AP representatives who used to function more as data-entry clerks are now able to actively manage accounts instead of paperwork,” Murphy explains. Edwards Business Services at Island Hospitality. We needed a transformation.”

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