Our configurable solutions can be rapidly implemented to equip your workers with the tools they need to process transactions and manage vendors from any location.
Happy Fourth of July! As we celebrate America’s spirit of independence, let’s explore how this theme translates to the business world. In today’s ever-evolving financial landscape, continuous improvement is the key to independence, and companies with the ability to adapt and improve continuously can make better informed and planned decisions in many cases. Why does […]
Read FullAccounts payable is changing. AI-powered systems are replacing tedious data entry and paper invoices, with streamlined processes, boosted accuracy, and self-learning. There are many methods by which these enhancements occur, but in the blog we will be focusing on self-learning through vector databases. What are Vector Databases? Unlike traditional databases that store information in text […]
Read FullAP Automation Best Practices Is your accounts payable (AP) department drowning in paperwork and manual tasks? You’re not alone. Traditional AP processes are often slow, error-prone, and a drain on valuable resources. But there’s a solution: automation. Although automation is nothing new to AP, new techniques and technologies continue to improve automation results. By leveraging […]
Read FullDebunking AP Myths to Improve Your AP Systems Despite advancements in technology and changes in best practice, there are several misconceptions in the world of accounts payable that persist. These common accounts payable myths can hinder efficiency, lead to errors, and even impact the bottom line of businesses. Let’s debunk four prevalent myths in the […]
Read FullBenefits of Contextualizing OCR Data Optical Character Recognition (OCR) is a technology that stands for efficiency and productivity. By converting scanned images and printed text into editable digital files, OCR has revolutionized the way we handle data-intensive tasks. Yet, amidst the buzz surrounding OCR’s capabilities, the power to utilize OCR for contextualization is often overlooked. […]
Read FullUnlock invoice insights by using AI to contextualize back-office data In today’s data-driven business landscape, the sheer volume of information generated by back-office operations can be overwhelming. From financial transactions to procurement processes, organizations are inundated with data. However, without proper context, this data fails to provide meaningful insights and actionable outcomes, which is where […]
Read FullWhen it comes to selecting the right tools and systems for back-office functions, businesses often find themselves at a crossroads trying to achieve the needs of both business and IT. Let’s explore this dynamic interplay and how to navigate it effectively.
Read Fulldetermining the return on investment (ROI) of a new AP solution can be complex. In this blog, we’ll explore the steps to effectively calculate the ROI when evaluating a new AP solution.
Read FullProcurement processes are the backbone of any organization’s operations, ensuring that goods and services are acquired efficiently and effectively. Two common methods of procurement are Purchase Order (PO) and Non-Purchase Order (Non-PO) systems. Each method has its own set of advantages and disadvantages, which can significantly impact a company’s bottom line and overall efficiency. In this blog, we’ll delve into the pros and cons of both PO and Non-PO procurement to help businesses make informed decisions about which approach best suits their needs.
Read FullSimplifying the procurement process In the fast-paced environment of procurement and sourcing, efficiency is paramount. Every process must be optimized to ensure smooth operations and timely deliveries. Among the many processes involved, purchase order (PO) delivery and updates play a critical role. Traditionally, these tasks have been labor-intensive, prone to errors, and often delayed. However, […]
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