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Check out the latest blog articles, webinars, insights, and other resources on Machine Learning, Deep Learning on Nanonets blog.
Nanonets
3h ago
Ramp is a fast-growing spend management platform that provides modern corporate card and accounts payable solutions. It's especially popular among startups and SMBs seeking to streamline expense reporting. Ramp automates receipt matching, integrates with other accounting software, and simplifies the spend management process.
But every company is different. You might need advanced features like global AP automation, robust ERP integration, seamless digitization, or deeper accounting functionalities that Ramp may not provide. That's why it's wise to check out Ramp alternatives.
In this comprehe ..read more
Nanonets
3h ago
If cash concerns keep you up at night, you may need treasury management software for your business. Treasury management describes a whole range of working capital and cash flow concerns, and treasury management tools serve to simplify that side of the balance sheet. No matter the business size, we’re all digitized and, in many cases, globalized – making the need for a one-stop treasury management shop
all the more important for today’s business leaders.
What is Treasury Management Software?
When you’re beginning your search for treasury management software, your research might dig up to ..read more
Nanonets
3h ago
Businesses rely on vendor relationships for a multitude of things; gathering raw materials, boosting customer service offerings, and securing certain software tools to help enhance business operations. While these partnerships are vital, investing in all the goods and services provided by vendors can add up fast. Luckily, with net 60 accounts offered by some vendors, businesses can get a bit of relief from the never-ending list of expenses.
Now, Net 60 vendors don’t provide goods and services for free, of course, but they offer delayed payment terms, often called trade credits, that allow busi ..read more
Nanonets
2d ago
B2B payments don’t have to be complicated – but they often are. Juggling cross-border payments, a slew of available payment processing options, and keeping all of them straight and error-free across an entire landscape of payment recipients and vendors can take far more time than the seemingly simple act deserves.
But changes in tech are coming for your accounts payable and receivable infrastructure – one of which is integrated payables, which takes the entire mess of payment processing options and streamlines them into a simple, single-source, streamlined workflow.
What are Integrated Payabl ..read more
Nanonets
4d ago
Smaller businesses often push aside big-picture and strategic financial concerns as they launch and ramp up operations. Most founders and owners, while focusing on the basics of profit and loss, roughly outlined balance sheets, and similar essentials, neglect the complex financial framework that is crucial for evolving a company into a sustainable and mature entity – especially if aiming for a liquidity event, seeking external funding, or prepping for a rapid growth phase.
Across the board, businesses require a detailed budget, strict modeling and forecasting, and thorough financial reviews ..read more
Nanonets
4d ago
Tipalti is a market leader in AP automation. Their comprehensive platform handles everything from onboarding suppliers to processing invoices and making global payments. It's no wonder they've won over many businesses, especially mid-market companies looking for an end-to-end AP solution.
But here's the thing—there's no one-size-fits-all solution. Your company's needs are unique, and Tipalti might not be the perfect match. That's why it’s smart to explore Tipalti’s competitors and alternatives.
This guide will evaluate the top Tipalti competitors to help you find your ideal AP automation part ..read more
Nanonets
6d ago
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 stack of receipts, invoices, and contracts you need to scan. But what happens when you need to change those documents after scanning them?
Whether it's redacting sensitive information, merging files, or converting formats, sometimes you may need to edit your scanned documents. Luckily, there are several ways to do this, even if you don't have the original digital file.
This guide will cover five quick methods for editing scanne ..read more
Nanonets
6d ago
Bank loans, investor funding, IPOs; if there’s one thing business leaders are familiar with, it’s the challenge of securing access to funds when their organization needs them most. The constant push and pull of spending enough money to make money, seeking out new capital sources, and taking advantage of smart debt financing are topics that sit at the forefront of most business conversations. It doesn’t matter the industry, business size, future goals, or even the competitive landscape, tapping into key resources is always a priority.
Unfortunately, bank loans can have hefty interest rat ..read more
Nanonets
1w ago
Today, Large Language Models (LLMs) can claim to pass the CPA exam, but are they really ready to take over the accounting world? In this article, we dive into what actual AI automation looks like (and why it isn’t as straightforward).
Introduction
There is simply no escaping the fact that AI is the most talked about topic on the internet in 2024. Chat-GPT, the popular chat-based interface for exploring the LLM (Large Language Model) capabilities developed by OpenAI, was released to the public earlier in the year.
Play around with it for just a few minutes, and you can begin to understand why ..read more
Nanonets
2w ago
Accounting in any company involves dealing with invoices every month.
One of the most challenging tasks while dealing with them is the verification of these invoices.
All invoices received by a company for products or services that have been purchased from a vendor must be checked for accuracy before payment is initiated.
For this, all details of the purchase as mentioned in the invoice are matched with the corresponding purchase order to ensure that the product/services that were ordered were delivered correctly and at the price agreed upon. This verification process is called 2-way matching ..read more