Nanonets

AUGUST 9, 2024

As datasets grew larger and more varied, and with more computing power available, LLMs started to perform better. The Rise of Transformers Introduced in 2017, Transformers were a major breakthrough. However, this scaling also brought challenges like higher computing needs and potential biases, though the benefits were significant.

Computation 110

Computation Billing Invoicing Budgeting 110

Nanonets

JUNE 4, 2024

In this article, we have rounded up the leading OCR applications for a select list of popular use cases (handwriting recognition, accounts payables etc.) and document types (invoices, receipts, bank statements etc.). A brief history of OCR In the early 1970s, Ray Kurzweil founded Kurzweil Computer Products, Inc., well mostly.

Data Entry 52

Data Entry Invoicing Computation Accounts Payable 52

AvidXchange

JULY 29, 2021

There are several misconceptions about robotic process automation (RPA), how it works and why it’s important in the context of accounts payable (AP) automation. This workforce should be assessed based on, for example, how many invoices it can process in one day and how much time and money that saves your business.

AP 40

AP Accounts Payable Accounts Payable Invoice Processing 40

AvidXchange

FEBRUARY 20, 2018

According to the NSBA 2017 Small Business Taxation Survey, 20% of businesses spend over 120 hours handling federal tax processes. Reviewing 1099 vendor information, sticking to invoice deadlines, and ensuring all invoices are in the system makes tax preparation effortless.

Tax 40

Tax Invoicing Accruals Computation 40

AvidXchange

AUGUST 20, 2018

According to the Associated General Contractors of America (AGC), construction employment increased in 263 of 358 metro areas between May 2017 and May 2018. Because these generations grew up with many technological developments, they work well with computers and other digital tools, like using PDFs over blueprints.

Accounts Payable 40

Accounts Payable Accounts Payable AP Computation 40

AvidXchange

SEPTEMBER 1, 2017

If you log in to a website to pay from your bank account, you are already using electronic payments. Electronic payments, also known as e-payments, allow you to move cash directly from one bank account to another. While they go by different names, they are essentially the same thing: an electronic payment between bank accounts.

Billing 52

Billing Deposits Invoicing Computation 52

AP Association

JULY 5, 2022

When it comes to working in accounts payable, knowing the mistakes that can save you and your company money, time and productivity are essential. Filing invoices in numerical order Filing invoices in numerical order often seems like the obvious solution.

Invoicing 130

Invoicing Accounts Payable Accounts Payable Computation 130