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2019 Predictions! Also, Isaac Asimov predicted the computer automation revolution, Mindbody to be sold, senators prod regulators on FinTech, and what’s new in QBO

Cloud Accounting Podcast

On computers, though. What’s New in QBO: December 2018 — QuickBooks Blog — New in QBO: 1) Next-day credit card deposits in QuickBooks Payments, 2) Auto-collected contractor W-9s, and 3) Automate routine tasks in QuickBooks Online. 35 years ago, Isaac Asimov was asked by the Star to predict the world of 2019. But they’re far from gone.

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Slash Costs, Lower Risk: Procurement Automation in 2023

NextProcess

As of 2017, only 6% of surveyed companies reported total visibility into their supply chains ( GEODIS, cited by Finances Online ). An extreme example would be procurement making decisions on purchasing new computers without consulting IT. When you digitize and automate procurement, you’re also digitizing and automating data collection.

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Robotic Process Automation: The Meaning, Myths & Truths of RPA

AvidXchange

You’ll see RPA in action doing tasks on your computer screen such as keying in numbers into the amount field of a digital invoice. As it collects more data, machine learning gets better at predicting vendor behavior and the likelihood of future invoice and payment outcomes. RPA and machine learning are on similar growth paths.

AP 40
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The Golden Rules to Score Big During Tax Time

AvidXchange

According to the NSBA 2017 Small Business Taxation Survey, 20% of businesses spend over 120 hours handling federal tax processes. During the 2017 tax season, 110 organizations reported W-2 phishing reports resulting in 120,000 people targeted for potential identity fraud.

Tax 40
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Bridging Images and Text - a Survey of VLMs

Nanonets

The only place where text and vision embeddings come together are during loss computation and this loss is typically contrastive loss. Flamingo - The vision tokens are computed with a modified version of Resnet and from from a specialized layer called the Perceiver Resampler that is similar to DETR.

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The Complete Guide to Electronic Payment Systems

AvidXchange

In 2017, 3.3 According to AFP, over the past decade, fraud risk for checks has spiked—rising from 60% in 2013 to 78% in 2017. But, according to the 2017 Paystream Electronic Payments Report, 46% of surveyed businesses still pay vendors via check. No card data should be stored on paper or computers. from last year.

AP 40
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What is audit automation?

Nanonets

The survey revealed a remarkable increase in the adoption of data analytics, with around half of the respondents in 2017 utilizing analytics in more than 50% of their audits – a substantial rise from the mere 31% reported in 2014. How can Nanonets help with audit automation?