Nanonets

NOVEMBER 14, 2023

  In an era where digital transformation is reshaping every aspect of business operations, the role of Accounts Payable (AP) is also undergoing a significant evolution. billion in 2021 to USD 7.5 It represents a fundamental shift in how businesses manage their financial operations. billion by 2030 at a CAGR of 12.5%.​​

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoice Processing 52

Nanonets

NOVEMBER 16, 2023

As businesses expand, the volume of transactions, the complexity of financial operations, and the need for strategic cash flow management intensify. This digital transformation of the AP process is not just a shift in how payments are processed, but a fundamental change in how businesses manage their financial operations.

AP 52

AP Accounts Payable Accounts Payable Invoicing 52

AvidXchange

JANUARY 28, 2022

Specifically, in Q4 2021, 27% of contractors cited steel as their top product shortage, followed by roofing material (19%) and wood and lumber (17%). This widespread digitization of the industry is poised to expand beyond design and assembly and into financial operations.

AP 52

AP Invoicing Purchase Order Accounts Payable 52

Nanonets

JUNE 27, 2023

billion in 2021, propelled by technological advancements, including the introduction of AI-based applications, machine learning, big data, and the Internet of Things (IoT). In light of these factors, digital document/data processing and management have become paramount.

Billing 52

Billing Purchase Order Invoicing Invoice Processing 52