Nanonets

AUGUST 9, 2024

Schedule a Demo Understanding Large Language Models? As datasets grew larger and more varied, and with more computing power available, LLMs started to perform better. However, this scaling also brought challenges like higher computing needs and potential biases, though the benefits were significant. Book a demo call now!

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Invoicera

JULY 1, 2024

Introduction Managing money well is crucial for a business, and this is where invoices are most helpful. An invoice is more than a charge; it’s formal documentation of a commercial deal in which both the payer and the payee agree. Every individual and organization must be aware of invoices and all associated concerns.

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Nanonets

MAY 31, 2023

Automated invoice processing is the process of seamlessly extracting data from invoices entering your system and pushing it into your ERP so that processing a payment can be done in just a few clicks. In this blog we talk about what an ideal automated invoice processing system looks like and what are the pros and cons of such a system.

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Invoicera

DECEMBER 5, 2023

87% of businesses receive payment after their invoice due date, with 43% being paid 15 or more days late. You need not worry; there are a lot of solutions in the market that can automate invoicing and ensure you receive all payments with their reminder features. We have come up with 19 of the best invoicing software for 2024.

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Nanonets

JUNE 12, 2023

Scanning & processing documents such as invoices, receipts, and images for valuable data has traditionally been a manual process fraught with errors and delays. Automated data extraction using Nanonets Get Started Schedule a Demo What is OCR & what does OCR software do? A super-happy Nanonets user Get Started Schedule a Demo 2.

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Invoicera

MAY 8, 2024

Cloud-based invoicing, for one, helps small businesses stay financially healthy. Many business owners overlook the importance of their invoicing systems, which is understandable as their focus is often on networking, strategizing, and boosting sales. So, it’s natural for them to misplace or forget about an invoice from time to time.

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Invoicera

FEBRUARY 5, 2024

Summary Traditional invoicing methods have limitations that hinder business growth. The blog advocates for modern invoicing software to overcome these limitations. Introduction Stuck sending invoices by hand, chasing late payments, and drowning in paperwork? per invoice and takes 10.9 But what if there was a better way?

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Invoicera

FEBRUARY 25, 2024

Summary Leading electronic invoicing platforms are shaping financial management in the current year. Introduction Do you spend endless hours managing stacks of paper invoices and chasing payments? Thus, there is a need for a more streamlined and efficient invoicing process, which is evident. If so, you’re not alone.

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Nanonets

MAY 20, 2024

Try Nanonets OCR Schedule a Demo Need to extract Arabic text from documents so that it can be edited and stored? Information from any type of Arabic document, including invoices , bills, receipts, ID cards, passports, and more, can be extracted using Nanonets. You can also schedule a demo to get a free product tour !

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Nanonets

DECEMBER 11, 2023

Your accounts payable team – whose main function is to ensure funds are disbursed properly to vendors, business partners, and sometimes customers – processes an exorbitant number of invoices every single week. When done manually, processing an invoice can take days.   Top 10 Invoice Processing Solutions in 2024 1.

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Invoicera

APRIL 25, 2024

Introduction Are you having a hard time creating professional invoices? According to the survey, more than 60% of small business owners consider it a time-consuming and irritating task to issue invoices. Online invoice generators have made it possible for businesses to manage billing in different ways. You’re not alone.

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Invoicera

MAY 29, 2023

Invoicing is known as an essential part of running any business, big or small. Invoicing software has made the invoicing process Simpler Faster More efficient Allowing businesses to focus on their core operations. The Invoice Automation Software market was worth $2,286.3 Did you know?

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Invoicera

MAY 29, 2023

Invoicing is known as an essential part of running any business, big or small. Invoicing software has made the invoicing process Simpler Faster More efficient Allowing businesses to focus on their core operations. The Invoice Automation Software market was worth $2,286.3 Did you know?

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Invoicing Invoice Processing Billing Budgeting 52

Nanonets

JULY 10, 2024

Even in the business world, invoices use this structure: items purchased are the keys, with prices as their corresponding values. Imagine trying to manually extract data from thousands of handwritten forms or scanned invoices. 📅 Book a Demo What is a Key-Value Pair (KVP)? It's a recipe for errors and frustration.

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Nanonets

APRIL 16, 2023

PO Matching is the process of connecting a purchase order (PO) issued by a client indicating types, quantities, and agreed prices for products/services to the invoice issued by a vendor for it's delivery. The goal of PO matching is to ensure timely vendor payments, correct accounting of costs and easy detection of fraudulent practices.

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NextProcess

NOVEMBER 22, 2024

History of AP Automation In the 1960s, EDI made it possible for computers in multiple companies to communicate, enabling electronic transactions. In the early 2000s, cloud computing started becoming a viable option and by the 2010s, Software-as-a-Service (SaaS) was born.

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NextProcess

SEPTEMBER 10, 2024

Much of the process is digital, with purchase orders created on computers, but it still relies on people making the purchase orders using spreadsheets or word processing programs. Then, you fax them to suppliers or scan the file back into a computer before submitting it digitally. Contact us today to learn more or set up a free demo.

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NextProcess

MAY 24, 2024

5 Tips for Managing High-Volume Accounts Payable with BPA Software How many invoices does your company receive each month? If you’re processing hundreds or even thousands of invoices each month, then your company is managing high-volume accounts payable. Each month, you pay based on the number of invoices processed.

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NextProcess

MAY 24, 2024

How many invoices does your company receive each month? If you’re processing hundreds or even thousands of invoices each month, then your company is managing high-volume accounts payable. For example, if you’re a small company that’s suddenly growing, the jump from handling 10 invoices a month to handling 50+ can seem overwhelming.

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Nanonets

FEBRUARY 28, 2024

Logistics OCR software should be able to automate the document processing workflow of documents such as Purchase Orders, Freight Invoices, Shipping Labels, Bills of Lading, etc. Get Started Schedule a Demo What is OCR in Logistics? You can also schedule a demo to learn more about our OCR use cases !

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Nanonets

APRIL 29, 2024

  QuickBooks Online vs. QuickBooks Desktop QuickBooks Online is a browser-only platform stored in the cloud, you can access your books, pay vendors, and more from a mobile device or any computer with your login credentials.   Schedule a Demo How Does QuickBooks Payments Work?

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Invoicera

JANUARY 2, 2024

It reveals the average time taken by your customers to settle their invoices. Business liquidity check Imagine your sales are flourishing, but the money is tied up in unpaid invoices. This value is commonly listed on the balance sheet and includes invoices awaiting payment within a specific period. That’s where DSO helps.

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Nanonets

MARCH 29, 2023

The accounts payable process typically begins when a company receives an invoice from a vendor or supplier for goods or services that have been delivered. The invoice typically includes the quantity, price, and description of the goods or services received. Once approved, the invoice is ready for processing.

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NextProcess

JUNE 13, 2024

In the average AP department, where about 60% of invoices still arrive on paper, it’s particularly challenging. per invoice compared to organizations that manually process invoices. Invoices associated with a purchase order that’s already in the system are typically matched and processed within 12 hours.

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Invoicera

DECEMBER 12, 2023

Online Invoicing Revamp your invoicing strategy with Invoicera’s personalized templates, which enable you to give your brand a unique touch in every invoice. Recurring Billing Bid farewell to the hassle of repetitive invoicing tasks with Invoicera’s automated recurring billing feature.

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Invoicera

APRIL 28, 2024

Accounts Payable Process Receiving Invoices/Bills Vendors send invoices when they deliver goods or services. The invoices list what the company purchased, the quantities, costs, and due dates for payment. Someone at the company enters these invoices into the accounts payable system. Let’s learn.

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Nanonets

JULY 31, 2023

From detailed invoices, handy bank statements, to job-winning resumes and intricate architectural plans, these ubiquitous file formats are a staple of our interconnected world. Get Started for Free Schedule a Demo Chat with PDFs on ChatGPT Website Chatting with PDFs is easy for ChatGPT Plus users. Look no further! Look no further!

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Invoicera

MAY 29, 2024

Introduction Have you ever been faced with the inconvenience of addressing customer returns or fixing invoice mistakes? It’s a document businesses use when there’s a mistake in an invoice or when customers return something. This includes information from the original invoice that needs correction.

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LedgerDocs

OCTOBER 10, 2024

The Problem: Why Document Management is a Pain for Bookkeepers Handling accounting and bookkeeping documents, receipts, invoices and financial reports can be overwhelming. Unlike traditional software installed on a single computer, these systems are hosted online, which means you can access them from any device with an internet connection.

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Invoicera

DECEMBER 31, 2023

Improved Workflow Automation optimizes workflow by creating a seamless process for invoicing, expense tracking, and financial reporting tasks. Invoice Processing: From Chaos to Clarity Automation streamlines the invoice processing journey. Cost Savings Manual accounting processes not only consume time but also money.

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Nanonets

JUNE 19, 2023

Schedule a Demo Key Components Servers and Hardware: On-premise automation typically involves the use of dedicated servers and hardware within the company's own infrastructure. Book this 30-min live demo to make this the last time that you'll ever have to manually key in data from invoices or receipts into ERP software.

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Nanonets

MARCH 21, 2023

Invoice Matching : Once the goods or services have been marked as received, the invoice which comes along with or after the delivery is matched to the original purchase order in a process called invoice matching. The match is usually made for the quantity billed and the invoice price.  The

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Nanonets

NOVEMBER 25, 2024

Invoice Scanning : Extracts details like amounts, dates, and vendor names for automated processing. Schedule a Demo Is There a Need for Custom OCR in the Age of Vision-Language Models? For this project, we will utilize  Google Colab  for training, leveraging its 16 GB T4 GPU for faster computation.

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AvidXchange

NOVEMBER 8, 2023

As an AP professional, the last thing you want to do is pay a fraudulent or inaccurate invoice. AP 3-way matching is the process of taking an invoice for the purchase of goods or services and matching it with the corresponding purchase order (PO) and receiving information (order receipt).

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NextProcess

JUNE 21, 2024

CapEx Management Software Capital expenses (CapEx) can include large single purchases, like company vehicles or computers, or they can include large-scale capital projects. OpEx purchases like computer paper, manufacturing materials, and shipping supplies all go through the procurement department.

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Invoicera

DECEMBER 11, 2023

Are You Struggling To Add VAT On Food Invoices? Simplify VAT Calculations With Invoicera Start Free trial Book Free Demo Exemptions To Certain Food Products Some food items are exempt from VAT, regardless of whether they’re raw or prepared. This feature ensures accurate computations without the headache of manual errors.

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NextProcess

NOVEMBER 8, 2024

Keep software updated and make sure you have good anti-virus software running on all computers. Use a firewall on company computers and require employees to use a firewall if theyre working from home. For accounts payable, you can set the software to automatically approve certain invoices and send approval reminders for others.

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