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Preventing payment fraud and shadow spending

Nanonets

In March 2019, the CEO of a UK energy provider got a call from someone who sounded just like his boss. Satyam Computer Services , an Indian IT services company, faced a major financial shadow spend scandal in 2009. Fraud may necessitate takeovers, which can cause significant operational challenges.

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What is business spend management?

Nanonets

It includes requisitioning, purchasing, receiving, paying, and accounting for goods and services. Billion in 2019 and is expected to grow at a CAGR of 17.7% Unlike S2P, it does not include the function of sourcing vendors. According to Verified Marketing Research, the Total Spend Management Software Market reached USD 1.08

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Document OCR - The best way to process documents automatically

Nanonets

According to AIIM's 2019 study, around 71% of organizations still deal with paper daily. This technology enables computers to recognize text from scanned documents, images, and PDFs using pattern recognition algorithms to identify characters in an image and convert them into machine-readable text. billion in 2022 to USD 16.42

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What Intuit, Xero, and Sage Earnings Say about Cloud Accounting

Cloud Accounting Podcast

Blake Oliver: [00:20:53] So, some other new features that came out in May, QuickBooks Online Advanced now supports 48 custom fields, up from 36, giving you up to 12 fields each for customers, vendors, sales forms, and purchase orders, and other expenses. So, you can say, "Let me look at April 2020 versus April 2019."

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