Automation

Accounts payable (AP) are the most critical processes of business accounting. Accounts payable are amounts due to vendors or suppliers for goods or services received but have not yet been paid. Intelligent document processing (IDP) brings significant…

According to a study by Supply Chain Brain, 80% of the classic old processes in procurement can be eliminated with the help of automation. You can skip paper storage, Excel tracking, and other purchase order procedures.

The data entry process consists of entering relevant data in a digital system or ERP software after it has been extracted from various documents. It is the necessary part for business that helps to transform the data…

Research suggests that the cost of entering data by hand is 13 to 31 times higher than the cost of automating the process. Most of the time, you have to process the documents by hand, which takes…

The insurance industry processes approximately 97% of its data in an unstructured format. The unique words, acronyms, and abbreviations in the adjuster's notes are where you can find the most important information. A report by Gartner Insurance…

It's crucial to understand exactly how invoices are moving through your company. Consider where the invoice is received, how it is sent to accounts payable (AP), how it is validated, and how long the process typically takes…

Have you imagined going paperless, whether it’s for day-to-day operations, communication, or financial records? Let's say that all paper invoices, receipts, and other business papers are scanned and recycled as soon as they arrive. No matter how…

Automation may aid in the improvement of processes almost anywhere in a business. Additionally, it can be a lifesaver for manual tasks like processing invoices. Here are a few of the main reasons why you should use…

Description of the demand ConwayCS is a seller/lessor of shipping containers and logistics services in Latvia. The company occupies 30% of the Latvian market for the sale and rental of shipping containers. Due to the growing number…

Remember the stone age when people used to manually send out, review, and authorise payment for every single transaction? Technology has reduced labour and costs so significantly that it has changed the way accounting operates. Similar to…