Remove 2020 Remove Computation Remove Invoice Processing
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2020 in Review: Turbulent Year Signals Turning Points in Fintech Industry

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Historians will undoubtedly look back on 2020 as a turning point in world history. 2020 will also be remembered by business historians, and finance professionals such as yourself, as a turning point in the fintech industry. The survey also found 74 percent used an automated AP software system in 2020.

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Late Payments, Snail Mail Slow Finance Market During Pandemic, New Survey Finds

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One late payment leads to another late payment, and invoice processing gets delayed along the way. Avoiding ineffective processes needs to be a high priority throughout the finance profession. Late invoices and payments were a major theme in 2020. Why does this matter? It’s a chain reaction of bad scenarios.

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What is PO Matching? And how to automate it?

Nanonets

Manual PO Matching Steps in the PO Matching Process PO matching involves several steps, including the receipt  & capture of invoice data , verification with purchase order , matching the parameters, and resolution based on various parameters. MS-Word documents), data entry files (e.g.,

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7 Ways You Can Use ChatGPT in Accounting to Achieve Results

Nanonets

With ChatGPT, accountants can use computer-aided automation to streamline tasks and processes, leaving more time for analysis and insights. According to a 2020 study , 43% of accountants already felt that the integration of technology had made them more productive. Source: Unsplash.

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What is business spend management?

Nanonets

from 2020 to 2027, reaching USD 3.97 This growth is driven by several factors, including the need for supplier and market intelligence, predictive analytics for internal compliance policies and external contracts, and the increasing demand for cloud computing technology. Billion in 2019 and is expected to grow at a CAGR of 17.7%

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Make Electronic Payments Simpler: All you need to know

Nanonets

ePayments offer features like contactless payments, which have their own merits – contactless payments are increasingly being practiced since the break of the pandemic in 2020. Cashless Economy:  Beyond personal and business benefits, the use of ePayments can help the nation.  A per check.