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State of Financial Document Automation

The State of Financial Document Automation in 2025

Financial institutions are going through a digital revolution driven by the increasing need for efficiency, accuracy, and speed. As we enter 2025, the landscape of financial document automation will evolve significantly. This blog delves into the state of financial document automation in 2025, focusing on critical document-heavy areas such as Accounts Payable (AP), Accounts Receivable …

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2025 Budget and for Finance and Banking

2025 Budget Season: Improve Efficiencies with Accounts Payable and Receivable Automation

As we approach the 2025 budget season, businesses across industries are gearing up to evaluate their financial strategies and operational efficiencies. One critical area that often presents opportunities for improvement is the management of accounts payable (AP) and accounts receivable (AR). Automation in these areas can significantly improve efficiency, accuracy, and cost savings. Let’s explore …

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As Budgeting Season Starts for 2025: How Bank and Finance Leaders Should Think About Investing in Automation

As 2025 approaches, bank and finance leaders are on the brink of a crucial budgeting season. In an industry defined by rapid technological advancements and fierce competition, strategic investment in automation has become more imperative than ever. This blog explores the key areas where automation can deliver significant benefits, helping finance leaders make informed decisions …

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Vertical Language Model for Finance: Applications and Use Cases

Vertical Language Model (VLM) are specialized deep learning model designed to handle domain-specific language tasks. Unlike general-purpose language model, VLM are fine-tuned on data specific to a particular industry or domain. This allows them to perform exceptionally well in understanding nuances and context-specific information in that field. In the finance sector, Vertical Language Model are being adopted to enhance various applications …

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Wholesale Lockbox Automation

Wholesale Lockbox Automation: A Solution for Banks and Financial Processors

Banks and financial processors are critical in managing complex and high-volume transactions for wholesale lockbox processing. However, the reliance on manual processes presents significant challenges, leading to inefficiencies, errors, and increased operational costs. This blog looks at the issues banks, and financial processors face in manual wholesale lockbox processing and highlights how automation solutions can …

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digital mailroom

Enabling Business Continuity with Digital Mailrooms

As businesses navigate the complexities of modern work environments, particularly hybrid and remote models, the role of a digital mailroom becomes increasingly crucial. The ability to efficiently manage financial documents and correspondence without physical constraints is a convenience and a necessity for maintaining business continuity and enhancing operational resilience. The Difference Between Legacy vs. Modern …

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FinTech Partner for Banks

Selecting Your FinTech Partner: Essential Criteria for Banks

In the rapidly evolving financial landscape, choosing the right financial technology (FinTech) partner is a critical decision for banks. The right partnership can enhance your bank’s capabilities, streamline operations, and improve customer satisfaction. However, with a multitude of options available, making an informed choice requires careful consideration. This blog outlines key factors to consider when …

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Invoice fraud

Navigating the New Frontier: Invoice AI and the Rise of Fraud in the Generative AI Era

In the rapidly evolving landscape of business technology, generative artificial intelligence (AI) has emerged as a double-edged sword. On one hand, it introduces unprecedented efficiencies and capabilities in processing, data analysis, and automation. On the other, it has facilitated the rise of sophisticated cybercrime forms, notably invoice fraud. This type of fraud, involving the creation …

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Itemize Unveils AI Copilots for Financial Transaction Processing, Reinventing Financial Automation

March 5, 2024 /PRNewswire/ — In a significant stride forward, Itemize announces the introduction of AI Copilots for Financial Transaction Processing, marking a new era in Itemize’s history. This transformation also reflects our evolution from a pioneer in document capture to a market leader in AI Automation for Accounts Payable, Remittance Processing, Loan Review, and Supply Chain workflow. …

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Finance Automation

Revolutionizing Finance: The Role of Embedded Accounting in the Automated Future of Invoicing, AP, and AR

The landscape of financial operations, encompassing invoicing, accounts payable (AP), and accounts receivable (AR), is radically transforming. Propelled by technological advancements, these processes are evolving to become more streamlined, efficient, and virtually invisible. This revolution is not just theoretical; it’s backed by compelling data and trends that underscore the shift towards automation, embedded finance, and …

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