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Tag: optical character recognition

Bank Reconciliation Audit: A Complete Guide

Audit Bank Reconciliation Guide Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation...

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Managing Invoices on Xero

Sometimes, basic business processes can be way more time-consuming than business leaders realize. Invoicing, for instance, is something that every single accounting team has...

Petty Cash Reconciliation: Best Practices & Automation

Petty Cash Reconciliation: What is It, Best Practices, and AutomationPetty cash, also referred to as a small cash fund, is a fixed amount of...

Master Bank Reconciliation Journal Entries | Guide & Tips

Introduction to Bank Reconciliation Journal EntriesBank reconciliation is an important process in accounting that ensures the accuracy and integrity of a company's financial records....

How is machine learning changing the landscape of FinTech?

In the year that artificial intelligence (AI) had its most spectacular public debut, it might look like machine learning (ML) has been reduced to...

Maximizing Verification Efficiency with Advanced Scanning Technology

In today’s fast-paced business environment, time is an important factor. Companies are always looking for ways to enhance efficiency and optimize resource utilization. Verification...

Strengthen Control with Bank Reconciliation | Nanonets

Importance of bank reconciliation in internal controlIn the world of finance and accounting, accuracy is key. Whether you're managing personal finances or running a...

Chinese-market iPhones could feature AI powered by Baidu

Future iPhones in China could include AI features powered by Baidu's ERNIE chat bot. Apple is apparently in talks with the Chinese web giant to...

How to edit scanned documents: 6 quick ways

Scanning paper documents is an essential step in digitization. With more than half of small businesses still relying on paper records, you will likely have a...

Order entry automation simplified

Order entry automation can be a lifesaver for businesses.Picture this: It's the end-of-season sale, and your website is flooded with orders. But instead of...

Top 10 OCR for Invoices in 2024

Managing invoices efficiently is integral for businesses to maintain smooth cash flows and accurate financial records. Optical Character Recognition (OCR) technology has emerged as...

Top 10 OCR Software for Hospitals in 2024

As the hubs for patient care and medical administration, hospitals often manage vast amounts of paperwork and documentation. The traditional reliance on manual data...

7 Ways AI Can Streamline Expense Management

Managing expenses often proves to be a Herculean task for many organizations. Traditional expense management systems are often fraught with challenges: manual data entry...

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