How Shared Services Accounting can Improve Your Organization’s AP Processes
[vc_row pix_particles_check=””][vc_column][vc_column_text] Industry leaders often face challenges in spotting money leaks from their organization due to overpayments, erroneous payments, duplicate payments, or outright frauds. The finance teams form an integral part of an organization, and being overloaded with monotonous tasks, it fails to concentrate on its core competencies and ends up making mistakes. If you […]
Compare Shared Services and Outsourcing Accounting Services
[vc_row pix_particles_check=””][vc_column][vc_column_text] It’s indeed a tough affair to compare shared services and outsourcing for accounting and select the best one for your business requirements. Finance teams are constantly under pressure to perform at a desired speed in an organization. Whether it’s invoice processing, bookkeeping, accounting, and a lot more, back-office tasks are tedious and time-consuming. That said, […]
Intelligent Document Automation – A Better Way to Paperless AP Automation
[vc_row pix_particles_check=””][vc_column][vc_column_text] In the previous articles, we have seen how traditional and template-based OCRs drastically failed the idea of setting up a paperless AP automation. The impact of template-based OCRs was so horrible that the employees literally switched their Google searches back to “how to convert PDF to Excel manually”! Accounts payable (AP), being an important […]
Why Data Extraction Using Traditional OCR Technology May Be Slowing Down Your Business
[vc_row pix_particles_check=””][vc_column][vc_column_text] If your internal business operations are nonetheless stuck at traditional Adobe to Excel conversion, your business seriously needs a boost. You do have an OCR software installed at your premises for data extraction and processing, but manual verification, interpretation and rectification of the extracted data are still parts of your document processing task. Traditional OCR […]
Cost-effective Ways to Convert Invoice to Excel
[vc_row pix_particles_check=””][vc_column][vc_column_text] Every organization has a set of structured and unstructured data stacked up somewhere or the other. Out of the unstructured documents, vendor invoices form a non-trivial part. With the advent of digitalization, paper-based invoices are now replaced by digital counterparts. But, the number of PDF invoices piling up on the AP (accounts payable) […]