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How to Reduce Costs with Automatic AP Software

NextProcess

To learn more, check out our article “How Much Money Will Accounts Payable Automation Actually Save My Company In The Future?” No more filing or scanning paper invoices, no more manually matching purchase orders to invoices, and no more delays from lost files. They’ll also be able to log in and update their data as needed.

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What is document classification?

Nanonets

   In this article, we will look at the types of document classification and how ML techniques are being increasingly used for this purpose.   Perhaps the most common place we encounter document classification even without realising it, is in customer support.

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What Role Do CFOs Play in Digital Transformation?

NextProcess

Reconciling discrepancies, delicate customer service conversations, and using data to generate strategic plans and innovative solutions are examples of tasks that benefit from a human touch. Plus, our software is user-friendly, and we offer robust customer service support.

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How to set up financial document automation

Nanonets

To understand financial document automation, let's look at a typical Accounts Payable (AP) process: AP team issues a purchase order (PO) The vendor delivers and sends an invoice AP matches the invoice with the PO and delivery receipt If matched, payment is processed This manual process is manageable for small companies.

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Stock control methods

Accounting Tools

Expand Warehouse Locations Setting up warehouses near large customer concentrations, so that goods can be more rapidly shipped to them. This approach is targeted at greater customer service, but can require an increased inventory investment. Related Articles Just-in-Time Inventory Control Two-Bin Inventory Control

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Why It’s Important to Choose Your NetSuite AP Automation Software Carefully

NextProcess

Purchase Order (PO) matching also plays an important role in all this. NextProcess software can pull down all the PO information whether you use our purchasing software module or stick with NetSuite for that. Finally, automating using the same software supplier streamlines customer service. Here’s one example.

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The Benefits of Using Payment Disbursement and Accounts Payable Automation Software

NextProcess

Payments occur when a company pays out money, typically for a service or product (e.g. paying an invoice for the purchase of copy paper or paying employee salaries). In this article, we’ll be talking about two types of software-as-a-service solutions related to payments and disbursements.