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With local government structures evolving, through the creation of Strategic Authorities (SAs) and the shift towards unitary authorities by 2028 , charities must also adapt to new ways of working. The pressure to do more with less, while ensuring donor trust, has never been greater.
Accountspayables teams used to be surrounded by too-full filing cabinets, stacks of paper receipts, and checkbooks. They had to process invoices , verify their accuracy, send them for approval, and submit payments to vendors. Once an invoice has been entered into the system, the data on the invoice is almost impossible to edit.
It provides businesses with a centralized platform to capture, categorize, and monitor various types of expenses, such as travel expenses, employee reimbursements, vendor invoices, and more. Nanonets reads transaction information from any source, updates the invoice, and posts to your ERP.
billion by 2028. 3) Traceability You can quickly and easily track and record transactions, which enhances transparency and accountability. This enables electronic sending and receiving of invoices and payments. billion in 2023 to a whopping USD 188.2 What are Digital Payments? manual processes are replaced by automation.
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