Nanonets

AUGUST 21, 2023

B2B payment automation involves everything from the automation of capturing and processing invoices to making payments to vendors and reconciling those payments in your books. What if you could reduce these costs by 80% and increase the speed of processing invoices by up to 10 times? Take Nanonets , for example.

Invoice Processing 52

Invoice Processing Reconciling Invoicing Data Entry 52

Nanonets

AUGUST 17, 2023

Every business must deal with purchase orders, bills, invoices, and payments to an array of vendors, who provide everything from basic supplies to high-value equipment and services needed for all the operations of the company. per invoice for the highest process maturity level. per invoice. 

Accounts Payable 52

Accounts Payable Accounts Payable AP Purchase Order 52

Nanonets

APRIL 17, 2023

The invoices are first scanned and digitized , allowing them to be easily stored, accessed, and processed electronically. Once the invoices are digitized, they can be automatically matched to purchase orders and routed for approval through an automated workflow.

AP 52

AP Accounts Payable Accounts Payable Purchase Order 52

Nanonets

FEBRUARY 26, 2024

Lost Productivity:  The average invoice processing time in a manual environment can reach as high as 45 days. 💡 According to a  2018 Goldman Sachs report , North American B2B businesses spend around $187 billion annually on AP processing, with labor alone accounting for over 90% of direct costs.

Accounts Payable 52

Accounts Payable Accounts Payable AP Data Entry 52

Nanonets

MAY 31, 2023

Vendor negotiations: The contracting process may be said to commence at this point. The contract may simply be a call for quotation, issuing purchase orders and getting the item. On the other hand, it may also involve back-and-forth negotiations to fix the quality, quantity and timelines for the purchase.

Purchase Order 52

Purchase Order Record Keeping Budgeting AP 52