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How Accounting Automation Can Save Your Business Time and Money

Nanonets

US accounting services show that nearly 75% of accounting tasks can be automated. This could explain the high growth of the accounting software industry, estimated to reach $12 billion by 2026. In this post, we will cover the steps involved in accounting automation and some challenges of manual accounting.

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What is document workflow automation?

Nanonets

Let us, for example, see how document automation workflow can help the Accounts Payable Department in the procure-to-pay process – a routine business operation that involves a significant amount of paperwork, approvals, and routing. Projections indicate that by 2026, this market is expected to reach a value of $19.6