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Financial close

Improve Month-End and Year-End Close with AP Automation

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Between the myriad of daily tasks, it’s no secret that the month-end and year-end closing processes can be tedious and time-consuming tasks for AP professionals. This is particularly true when your company requires multiple levels of sign-off for each account. To ensure an efficient close process, most companies leverage detailed checklists/processes for the various tasks …

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Accounts Payable Invoice Automation: What to Look For in the Right Solution

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AP Automation can be overwhelming but if done right it provides robust changes for a small investment with great benefits. Few points to keep in mind as you thank about making changes to your AP:  Start by improving a single process, such as automating the physical intake of invoices, or roll out an AP automation …

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CFO Guide – How to Select the Right Intelligent Automation Solution

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According to a recent Pymnts research, almost 4 out of every 5 finance leaders in the U.S. and U.K. believe their firms’ accounts payable (AP) operations can’t sustain continued growth, with many of them blaming inefficiencies from the use of manual processes, which they say are also leading to fraud and risk exposure. The survey …

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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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