Remove 2026 Remove Auditing Remove Purchase Order
article thumbnail

How Accounting Automation Can Save Your Business Time and Money

Nanonets

This could explain the high growth of the accounting software industry, estimated to reach $12 billion by 2026. Purchase Management: Accounting automation software simplifies purchasing, reducing paperwork and errors in purchase orders and contracts. This ensures accurate and secure audit documentation.

article thumbnail

What is document workflow automation?

Nanonets

Document Receipt: The process begins with the capture of relevant procurement documents such as invoices, purchase orders, and receipts. Data Validation and Verification: The extracted data is validated against predefined rules and matched with corresponding purchase orders and receipts to ensure accuracy and consistency.