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Seventy-seven percent of finance departments have invested in AI and automation to help address talent shortages in 2024, according to our survey. AI can help short-staffed finance and accounting teams by automating routine tasks such as dataentry, invoice processing, and financial reporting. economic growth and a 3.5%
This shift from manual to automated processes ensures that tasks are completed more efficiently, reducing time spent on dataentry and checking human errors and resolving discrepancies. This integration eliminates the need for manual dataentry, reducing the risk of errors and ensuring that financial records are always up-to-date.
Things to Keep in Mind for Efficient International Accounts Payable To ensure efficiency in managing international accounts payable, it’s important that business keep a few points in mind: Embrace automation to avoid outdated processes like manual dataentry, which can lead to errors and inefficiencies.
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