Analytix Finance & Accounting

JULY 3, 2023

According to an article from Forbes , failure to bill and underbilling are among the most common causes of revenue leakage, with as much as 42% of companies experiencing some form of revenue leakage. While the advantages of integrated accounting are many, here are three frequently underrated benefits: #1.

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Nanonets

MARCH 4, 2024

Traditional expense management systems are often fraught with challenges: manual data entry is time-consuming and prone to errors; fraudulent claims can slip through the cracks; and ensuring compliance with company policies and tax laws can feel like navigating a minefield. Manual Data Entry:  Employees manually log expenses.

Data Entry 52

Data Entry Expense Reports Invoicing General Ledger 52

Outsourced Bookeeping

MARCH 23, 2023

This article will highlight the top five challenges that CPA firms face today and propose strategies for overcoming them. These tools can help reduce manual data entry, freeing up time for more valuable services such as advisory work. CPA firms must adapt and innovate to stay relevant and competitive.

CPA 59

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Nanonets

SEPTEMBER 18, 2024

Enter financial document automation, a game-changing solution revolutionizing how companies handle their paperwork, regardless of size or industry. The sheer volume of paperwork can be overwhelming, time-consuming, and prone to errors.

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Nanonets

MARCH 22, 2023

OCR is commonly used in document scanning and digitization projects, as well as in automated data entry and processing systems. OCR is widely used in industries such as healthcare, finance, logistics, and legal services to streamline document workflows, reduce manual data entry errors, and improve operational efficiency.

Data Entry 52

Data Entry Invoicing Purchase Order Invoice Processing 52

Outsourced Bookeeping

MARCH 23, 2023

This article will highlight the top five challenges that CPA firms face today and propose strategies for overcoming them. These tools can help reduce manual data entry, freeing up time for more valuable services such as advisory work. CPA firms must adapt and innovate to stay relevant and competitive.

CPA 52

CPA Outsourced Bookkeeping Bookkeeping Services Bookkeeping 52

Nanonets

MARCH 30, 2023

Intelligent Document Processing (IDP) refers to the automation of data extraction from unstructured documents. It eliminates the need for manual data entry, reduces errors, and increases efficiency in document management. As we enter the sixth decade of the information age, data has become a currency of the business world.

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Data Entry Invoice Processing Invoicing Purchase Order 52

Nanonets

APRIL 15, 2024

Integrate Nanonets Reconcile financial statements in minutes Try for Free This article presents the importance of bank reconciliation statements and provides insights into the benefits of automation in the generation of bank reconciliation statements.  

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MineralTree

MARCH 30, 2023

In this article, we will discuss the challenges associated with franchise accounting and how AP automation helps solve them. Increased Productivity AP automation saves staff time by reducing the risk of errors and eliminating manual data entry. What are the Challenges of Franchise Accounting?

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Nanonets

SEPTEMBER 21, 2023

Accounting problems  can create significant challenges for businesses, affecting their  financial flow  in the  US. In this article, we will explore common  accounting problems  faced by businesses and provide  solutions  to overcome them.

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Accounting Accounting Outsourced Bookkeeping Financial Reporting 52

Nanonets

APRIL 30, 2024

Particularly, extracting data from PDFs —an often cumbersome and error-prone task—has seen significant advancements with the emergence of Artificial Intelligence (AI). For example, financial reports, invoices, research articles, and forms might all be in PDF format but have very different layouts.

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Jetpack Workflow

FEBRUARY 16, 2023

This article will walk you through the essential elements of an accounting policy and procedure manual and provide a template to help you create one for your firm. Financial Reporting This section explains how the company expects its team to handle accounting transactions during the normal course of business.

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General Ledger Accounting Accounting Budgeting 52

CapActix

JUNE 7, 2024

Adapt to Growth As a business grows, its financial needs become more complex. Whether the business needs more detailed financial analysis or expanded bookkeeping services, a professional bookkeeper can adapt to these changes seamlessly. Bookkeepers can easily scale their services to match these increasing demands.

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AvidXchange

AUGUST 12, 2020

“The role of business advisor will result in more than 80% of an accountant’s revenue, as accountants can add a huge amount of value when they know the facts,” said Rob Nixon, an internationally renowned accountancy expert, in an Entrepreneur.com article titled Can Computers Replace Human Accountants? We Doubt They Can.

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Nanonets

JUNE 27, 2023

Not surprisingly, the automotive data management market was valued at USD 1.58 billion in 2021, propelled by technological advancements, including the introduction of AI-based applications, machine learning, big data, and the Internet of Things (IoT).

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Nanonets

FEBRUARY 8, 2024

Salesforce can funnel information like contacts, opportunities, and invoices directly into QuickBooks, removing the need for manual data entry between the two systems. When it comes to QuickBooks add-ons, this one paints a clear picture of the customer life cycle, improving the accuracy of sales numbers and financial forecasts.

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Nanonets

MAY 8, 2023

What are financial statements, and how do I get them? In this article, we will walk through answers to all these questions and more, so you can begin your business bookkeeping journey with confidence.   Bookkeeping is the process of keeping financial records for your business. How do I keep proper records?

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Nanonets

NOVEMBER 19, 2023

It paves the way for flawless financial records, better cash flow, and smooth business operations. This article will guide you through the fundamental aspects of invoice settlement and provide practical tips to help you settle an invoice properly. It can recognize text in multiple languages and convert it into actionable data.

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