Nanonets

FEBRUARY 28, 2024

Welcome to our latest blog post, where we embark on a deep dive into the intricacies of the General Ledger (GL) — the bedrock of any business's financial system. We will start with the basics: What exactly is a General Ledger, and why is it paramount to your business's financial health?

General Ledger 52

General Ledger Data Entry Invoicing Accounts Payable 52

Nanonets

APRIL 1, 2024

Nanonets stand out with the following key features: The AI-powered OCR technology accurately captures invoice data from any format, reducing manual data entry by up to 95%. Seamless integration with popular ERPs and accounting systems like NetSuite, QuickBooks, and Xero allows for automatic synchronization of invoice data.

AP 98

AP Accounts Payable Accounts Payable Invoicing 98

Nanonets

MARCH 21, 2023

When a company buys products or services from a vendor with an arrangement to pay later, the amount is called the accounts payable - until the payment is made.     It is a form of credit offered by the vendor or supplier. And as a company grows in size, the volume of data just becomes a nightmare to handle.

Accounts Payable 52

Accounts Payable Accounts Payable AP General Ledger 52

Nanonets

OCTOBER 18, 2024

5 BILL AP/AR SMB Easy-to-use AP automation for payments and vendor management 4.4/5 5 SAP Concur Enterprise Comprehensive spend management integrated with ERP systems 4.0/5 Without AI-driven tools, these platforms can't automatically apply the correct general ledger codes or detect discrepancies in invoice data. 

AP 52

AP Invoice Processing Accounts Payable Accounts Payable 52

MineralTree

MARCH 30, 2023

Once the system extracts the invoice data, it automatically codes and categorizes the information to the correct general ledger accounts. Moreover, an AP automation software allows for multiple payment methods such as ACH , wire transfers, and virtual cards , accommodating a wider range of vendor payment preferences.

AP 79

AP Accounting Accounting Invoicing 79

Nanonets

JULY 14, 2024

Many businesses face challenges with invoice processing —from data entry errors to delayed payments. Modern invoice management tools automate much of the process. Automatically update financial records in the balance sheet, general ledger , PnL, and more. Fortunately, there's a solution.

Invoicing 52

Invoicing AP Invoice Processing Data Entry 52

Nanonets

OCTOBER 18, 2024

5 BILL AP/AR SMB Easy-to-use AP automation for payments and vendor management 4.4/5 5 SAP Concur Enterprise Comprehensive spend management integrated with ERP systems 4.0/5 Without AI-driven tools, these platforms can't automatically apply the correct general ledger codes or detect discrepancies in invoice data. 

AP 52

AP Invoice Processing Accounts Payable Accounts Payable 52