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Business Posts

“Data Liberation: Rationalizing Unstructured Data in Back-Office Operations”

The rationalization of unstructured data emerges as a transformative force. In the intricate dynamics of back-office operations, data is both the enigma and the solution. Unstructured data, in its myriad forms—emails, documents, images—holds untapped potential waiting to transform the efficiency and strategic capabilities of organizations. In this blog post, we explore the significance of rationalizing […]

Read Full November 30, 2023

Unleashing Efficiency: AI-Assisted Rules-Based Workflow

In the dynamic landscape of business operations, the integration of artificial intelligence (AI) into rules-based workflows has emerged as a game-changer. AI-assisted rules-based workflows bring a new level of efficiency, accuracy, and adaptability to various processes, including those in the financial back-office.

Read Full November 17, 2023

Is Your Solution Capturing the Right Data?

You may be getting accurate extractions, but is it capturing the data you need? All data capture solutions, and solution providers, are not created equal. Capturing data accurately and capturing the right data are both essential aspects of effective data collection and management, but they refer to slightly different concepts that will have a major […]

Read Full November 8, 2023

Streamlining Vendor Onboarding

The Benefits of a Vendor Portal-Based System Vendor onboarding is a necessary and important process for any business. Efficiently onboarding and managing vendors can have a significant impact on a company’s operations, supply chains, and bottom line. One way to enhance this process is through the use of portal-based vendor onboarding systems. These digital platforms, […]

Read Full October 12, 2023

Is EDI Right for Your AP Operation?

Factors to consider in evaluating EDI In today’s economically challenging business landscape, organizations are constantly seeking ways to streamline their operations and improve efficiency. One area where this is particularly important is Accounts Payable (AP), where managing invoices, payments, and vendor relationships can be a complex and time-consuming process. Electronic Data Interchange (EDI) is a […]

Read Full October 4, 2023

Benefits of Rules-Based Workflow Automation

In today’s fast-paced business world, efficiency is key. Organizations are constantly seeking ways to streamline their processes and reduce manual labor. One powerful solution is rules-based workflow automation.

Read Full September 26, 2023

Data Capture – So Many Options!

Advances in technology continue to expand the possibilities for data capture, making it increasingly important in the modern data-driven world. The most important aspect of taking advantage of the right set of data capture technologies is to have a thorough understanding of the data, your vendors, your companies requirements, and the financial contribution you expect.

Read Full September 14, 2023

Benefits of Dynamic Discounting in a High-Interest Rate Environment

A win for buyer and supplier In today’s fast-paced and high interest rate environment, maintaining strong supplier relationships is essential. One way to achieve this while also maximizing savings is by offering suppliers a dynamic discounting program. This financial strategy becomes even more compelling in a high-interest rate environment where certain suppliers struggle with the […]

Read Full September 5, 2023

Best of Breed Applications: Unleashing the Power of Specialization

In the ever-evolving landscape of business technology, the debate between Best of Breed (BoB) applications and Enterprise Resource Planning (ERP) systems continues to gain momentum. While both options have their merits, this blog post will delve into the distinct advantages of Best of Breed applications over ERP systems.

Read Full August 29, 2023

Not All OCR Solutions are Created Equal

It’s all about understanding the content and process Understanding the documents is extremely valuable when setting up a successful AI OCR (Optical Character Recognition) solution. OCR technology is used to extract text and information from images or scanned documents, and its effectiveness depends on understanding the quality and relevance of the documents being processed. Here’s […]

Read Full August 23, 2023