Nanonets

FEBRUARY 26, 2024

Sorting through stacks of paper invoices, reaching out to approvers individually, and mailing checks are extremely tedious and error-prone. The key activities in an AP process (Data extraction, invoice coding, ERP sync) are essentially data transformation activities. Automating those would be straightforward.

Accounts Payable 52

Accounts Payable Accounts Payable AP Data Entry 52

Nanonets

SEPTEMBER 21, 2023

Automation software plays a vital role in streamlining  accounts payable management  by improving communication, capturing and organizing invoices, and facilitating the approval process. Additionally, AP automation simplifies  invoice processing  by capturing and organizing invoices promptly.

Accounts Payable 40

Accounts Payable Accounts Payable Invoice Processing Accounting 40

Gaviti

APRIL 30, 2023

Mainly finance teams or anyone paying invoices as part of their job because they receive so many payment requests and messages and much of the messaging becomes par for the course. Creating fake invoices: Fraudsters may create a fake invoice scam that appears to be from a legitimate vendor or supplier.

Invoicing 52

Invoicing Accounts Receivable Account Receivables Accounts Receivable 52

Invoicera

JANUARY 2, 2024

These trends can cut down on errors, making financial records more accurate. That means smoother audits and better financial decisions. They speed up invoicing, improve cash flow through a business, and make financial management a breeze. Struggling To Keep Track Of Multiple Invoices And Estimates?

Accounting 52

Accounting Accounting Invoicing Tax 52

Nanonets

MAY 31, 2023

Seon reports that 22% of adults in the US were victims of this type of fraud in 2022, with average losses of around $12,000 per case. Shadow spending can take various forms, including Embezzlement: Employees misappropriate company funds for personal gain by manipulating financial records or diverting payments to their accounts.

Data Entry 52

Data Entry Auditing Computation Purchase Order 52

Nanonets

MAY 7, 2023

Credit card reconciliation is the process of matching credit card statements with receipts and invoices to ensure that all charges on the credit card are accounted for. The manual reconciliation process matches credit card statements with receipts and invoices. What is credit card reconciliation? What is credit card reconciliation?

Bank Reconciliation 52

Bank Reconciliation General Ledger Reconciling Accounts Receivable 52

Nanonets

AUGUST 1, 2023

The Institute of Internal Auditors' 2022 North American Pulse of Internal Audit reveals that if CAEs had additional funds, 48% would prioritize increasing staff, while 25% would focus on technology. Cloud-Based Solutions : Cloud-based solutions are invaluable for facilitating remote audits and seamless data sharing among audit teams.

Auditing 52

Auditing Data Entry Collections Financial Statements 52

AvidXchange

MARCH 22, 2024

Automating tasks like coding invoices lets your team focus more time on value-added tasks like analyzing reports. Perry has first-hand knowledge of how AP automation can positively impact accounting and finance departments. Invoices were coming in manually. You know, invoices were coming in more manually.

Accounting 52

Accounting Accounting AP Budgeting 52