Khushboo Koutu

Accountant and bookeepers

How to Capture the Right Data for Accounting and Bookkeeping

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In a constantly evolving accounting and bookkeeping industry, strong client relationships are key to the success for most firms. And the best client-advisor relationships happen when bookkeeping becomes seamless: timely access to documents, with insights into your business clients’ finance operations. When this happens, you can provide monthly bookkeeping quickly and efficiently, along with business …

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Invoice Extraction API

How Invoice and Receipt Data Extraction Enables Seamless Accounting

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Accurate expense reporting hinges on data clarity at the source – namely, invoices and receipts. However, the traditional way of capturing invoice and receipt data opens the door to both data error and fraud. According to a recent report, 78% of finance professionals believe that manual data entry and processes result in compliance breaches, lost …

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How to Support Small Business Customers Better With SKU Level Data

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Small businesses are the lifeblood of the US economy. According to the Small Business Association, small businesses make up 99.9% of businesses and employ nearly half of all workers. At the same time, nearly one in three small business owners are still using their personal bank accounts for their business.   Financial institutions are the key to …

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Intelligent AP

CFO Guide: Data-Driven Approach Towards AP Automation

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The true competitive advantage for any organization is access to data, and nowhere is this more true than in the finance department. However, translating data points into action remains less clear for CFOs and VPs of finance looking to solve payment challenges. Cross-border business, an ongoing pandemic, and narrowing margins in an uncertain economy only …

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Intelligent AP

Business Process Outsourcing For AP Data Capture

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Over the decades, business process outsourcing (BPO) has shifted from primarily a cost-cutting measure to a method of supporting in-house staff. And with the ongoing labor shortage, offloading some of the responsibilities through outside expertise just makes sense. Already 57% of businesses outsource different processes to better focus on their core business functions and operations. …

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The Payments Association’s Guide to Artificial Intelligence

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Document Data Extraction: Use Case The majority of payments organizations with over 5,000 employees are using some form of AI. If you are looking for other cost-effective and non-manual ways to satisfy the regulator, then you must read our latest guidebook to find out how to boost revenues by increasing personalization of your services to …

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5 Accounts Payable (AP) Software Features for the Next Decade

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Accounting automation has been on the agenda for most businesses over the past decade. Even before the pandemic, companies knew that automation, particularly with AI, provided optimized business operations and freed up time for workers to be creative. In fact, there are many areas of improvement in the actual accounts payable process. We know, for …

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