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5 Common Challenges Faced by A/R Teams That Can Be Overcome Through Automation

Gaviti

Payments are reconciled automatically, your ERP is updated with the new payment data, and the customer receives payment confirmation within a few minutes. Data Errors Microsoft Excel represents companies’ first attempt at accounts receivable automation and going paperless. Schedule a Product Demo 3.

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In the Paper-To-Digital AP Transformation Race, Are You Winning?

NextProcess

By that time, Microsoft Excel was becoming the most widely used software tool for managing spreadsheets. Youll still need people to run the AP department, but the software takes over tasks like data entry and most of the invoice processing.

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Expense Reconciliation: Step-by-Step Guide

Nanonets

By comparing and reconciling expenses against various financial documents, businesses can detect and correct any discrepancies or errors, ensuring that their financial statements reflect the true state of their finances.   Spreadsheet Reconciliation Spreadsheet software like Microsoft Excel is often used for expense reconciliation.

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Bank Statement Analysis: A Complete Guide

Nanonets

Spreadsheet-based bank statement analysis Spreadsheet tools like Microsoft Excel , Google Sheets, or LibreOffice Calc have long been the go-to tools for bank statement analysis. Manual data entry is time-consuming and prone to errors, especially as transaction volumes grow.