Our News & Events in 2023

June 01, 2023

Accounting is essential in any business, regardless of size or type. It primarily involves recording, processing, and managing an organization’s financial information. Accounts departments are central to any business, and the vital aspect of this process is managing accounts is the accounting manager.

May 30, 2023

As with any industry, efficient billing processes are the backbone of medical services. Medical billing is the process of submitting and following up on claims made to insurance companies and other third-party payers to receive payment for services provided by healthcare providers.

May 25, 2023

Are you tired of spending hours sorting through invoices and receipts, trying to make sense of it all? Well, the solution to this problem has arrived! Invoice scanning software is the tool you’ve been missing in your life. Not only will it save you time, but it will also offer many other benefits that make it worth investing in.

May 23, 2023

Processing of payments today has evolved beyond imagination. In today's fast-paced world, people rely heavily on digital transactions for their daily financial needs. Have you ever wondered how a single transaction takes place in a matter of seconds while transferring funds from one account to another? The answer is payment processing.

May 18, 2023

Medical claims processing is a crucial function in the healthcare industry, serving as the link between patients, providers, and insurers. Despite its importance, the manual processes and paperwork involved in medical claims processing can be inefficient and time-consuming, leading to delays, errors, and higher administrative costs.

May 16, 2023

Enterprise Resource Planning (ERP) systems have revolutionized manufacturing industries operations. These systems are comprehensive, integrated software solutions that streamline a range of critical business functions, including supply chain management, customer relationship management, inventory management, and production planning.

May 11, 2023

For someone new to the business world, the terms purchase order and sales order might seem a bit confusing. Both terms sound like they have something to do with transactions or sales, but they are actually two different things. In this blog post, we will discuss the differences between purchase orders and sales order and why it is important to understand them.

May 09, 2023

With the rise of advances in technology, businesses have been able to revolutionize how they operate, and one of the most significant contributions has been Machine Learning (ML). Machine learning is the branch of AI that provides systems with the ability to self-learn and improve without explicit programming. In this blog post, we will provide an overview of machine learning in business and how it is changing how companies operate.

May 04, 2023

In the world of healthcare, medical billing is an essential aspect of every facility's operations. Medical billing forms are the fundamental foundation of ensuring the revenue cycle for any organization, as they help to provide a clear understanding of the patient's medical plan from the time of admission to discharge. But what are medical billing forms UB04 and UB92, and why exactly are they critical? Let's delve deeper in this blog post.

May 02, 2023

Ready to take a deep dive into Microsoft Dynamics GP? Microsoft Dynamics Great Plains (GP) is a comprehensive, customizable, and flexible financial management solution with robust reporting capabilities. MS Dynamics GP is designed to help small and medium-sized businesses manage their financials, supply chain, and inventory simply and cost-effectively.

April 27, 2023

Accounting processes refer to the series of activities that are carried out by an organization to record, classify, and summarize financial transactions. The objective of these processes is to provide accurate and reliable financial information that can be used by stakeholders to make informed decisions.

April 25, 2023

Enterprise Resource Planning (ERP) systems have become increasingly important for manufacturing businesses. This is because these systems provide a comprehensive view of all aspects of the company and can help organizations streamline their processes, improve productivity, and increase efficiency. This guide will examine why ERP systems are so important for manufacturing businesses and which deliver the most value.

April 20, 2023

For any business owner, it is essential to understand the difference between purchase orders and invoices. These two documents are crucial in any business and are often used interchangeably. However, they serve different purposes and have different implications. Therefore, understanding how to use them correctly can help avoid confusion, errors, and legal trouble.

April 18, 2023

When it comes to managing document libraries and collaborating with colleagues, SharePoint is a popular tool for businesses of all sizes. It’s no wonder why too, considering its flexibility, ease of use, and powerful functionalities. But what is SharePoint? This guide will explore what Microsoft SharePoint is and why it’s useful.

April 13, 2023

Chief Financial Chief Financial Officers (CFOs) have a demanding role in companies. They are responsible for the organization's financial management, anticipating financial trends, and ensuring that the company is financially stable. Their decisions impact the financial health and success of the company. Therefore, it is crucial that CFOs possess adequate financial knowledge.

April 12, 2023

In today’s world, where cash flow is crucial to the success of any business, timely payment through purchase orders plays a vital role. A purchase order is a document that outlines the specific goods or services requested by the buyer from the seller. It helps to ensure the accuracy of the order, sets the terms of delivery, and, most importantly, initiates payment for the exchanged goods or services.

April 11, 2023

Managing finances can be a daunting task. But technology has made things much easier, and one of the most popular solutions out there is Quickbooks. If you've heard of it, but don't know what it is or how it can help, then this guide is for you. Quickbooks is essential accounting software that has revolutionized the way businesses manage their finances.

April 10, 2023

Whether you work in an office, attend school, or run your own business, you likely have to deal with countless documents regularly. However, manually transcribing information from physical documents onto your computer can be a frustrating and time-consuming process. Fortunately, OCR image-to-text conversion offers an effective solution to simplify document management.

April 09, 2023

Best ERP has a lot of meanings for different businesses. Enterprise resource planning (ERP) is a business management software that helps organizations manage their resources and automate their day-to-day operations. It streamlines business processes, enhances collaboration among teams, and improves efficiency.

April 08, 2023

In the world of accounting, invoices and receipts are two of the most commonly used terms. While they may seem similar, they serve different purposes, and understanding their differences can help you keep track of your financial records. In this blog post, we’ll closely examine what sets invoices and receipts apart.

April 07, 2023

As the business world evolves digitally, companies are drowning in paper documents, making processing, handling, and transferring information more complex and less transparent. To solve this problem, OCR (Optical Character Recognition) technology has developed a way to automate the process. Document OCR technology scans and converts handwritten, printed, or typed documents into editable formats, including searchable digital files.

April 06, 2023

In today's digital age, businesses rely heavily on digital documents for effective communication and storage of data. With this surge in digital data, businesses are on a constant lookout for tools or technologies that can simplify the process of managing these documents. One such technology that has become popular in recent times is Optical Character Recognition or OCR.

April 05, 2023

A proforma invoice plays an essential role in the export-import process for businesses engaged in international trade. It is a preliminary invoice that outlines the goods or services that will be provided, along with a price quote. While it is not a legally binding document, a proforma invoice serves as an agreement between the two parties about the terms of the transaction. In this blog post, we will delve into the details of the proforma invoice, its significance, and how it differs from a regular commercial invoice.

April 04, 2023

In the current business landscape, automating your invoicing processes is essential for any company that wants to stay competitive. Automated invoice systems can save you time, money, and resources, allowing you to focus on the more critical aspects of running a successful business. Here’s how invoice automation can help simplify your business processes.

April 03, 2023

Artificial intelligence has been creating a buzz for a few years now. However, there are two terms that people often confuse — Deep Learning and Machine Learning. Although both of these concepts are a part of Artificial Intelligence, they are different. This blog post will discuss Deep Learning vs. Machine Learning, their differences, and use cases.

April 02, 2023

A purchase order template is the best friend for any business involved in sales, orders, delivery, and supply chain. Having a purchase order template is important for several reasons. Firstly, it helps to streamline the purchasing process by providing a standardized format for requesting and approving purchases. This can save time and reduce errors, as all parties involved can easily refer to the template for guidance.

April 01, 2023

Accounts payable (AP) is crucial to managing a company’s finances. It is also an area that many businesses struggle to get right. Simply put, accounts payable refers to the money a company owes to vendors, suppliers, and other third parties for goods and services. If you are a marketing manager or CMO, it is essential to understand what accounts payable is and how it affects your marketing budget.

March 31, 2023

With a business tech stack growing daily, many businesses need help to switch between multiple applications, often facing integration and data connectivity issues. Thankfully, with Microsoft Dynamics 365, their struggle is over. MS Dynamics 365 is an all-in-one solution that seeks to handle everything right from finance and operations to sales and marketing, project management, and supply chain management.

March 30, 2023

Today we will discuss the importance of the invoice matching process in accounts payable. What is the invoice matching process? Who is using it and which industries can benefit from this process? Invoice matching process is the process of comparing the details on a supplier's invoice to the purchase order and goods receipt.

March 29, 2023

In today’s constantly evolving business landscape, it has become imperative for companies to be equipped with tools that help them stay on the cutting edge. Microsoft Dynamics NAV stands out among an array of enterprise resource planning (ERP) systems available in the market.

March 28, 2023

In an ever-changing market landscape with new innovations and products emerging every minute, one thing has remained the same: Customer is still king. Every company is developing its own unique customer-first strategy to reach the buyers first — and technology is playing a major role in helping them achieve that.

March 27, 2023

As a business owner or someone just starting a career in finance, you have come across different roles and responsibilities within the finance department. One of those roles is the Finance Controller, and you might be wondering what a Financial Controller does and why it is essential for a business to have one.

March 26, 2023

In today’s fast-paced business world, companies always look for ways to streamline their processes, maximize efficiency, and boost productivity. One of the areas where automation can be particularly beneficial is in invoicing. Invoice automation is the process of automating the entire invoicing process, from creating invoices, sending them to customers, and processing payments.

March 25, 2023

A purchase order (PO) is a document used in business-to-business transactions. It is a legally binding agreement between a buyer and seller that outlines the specific details of the transaction, such as the goods or services being exchanged, their cost, and any other relevant information.

March 24, 2023

The world has moved towards online payment methods, and that comes with invoicing online as well. Invoicing is an integral part of any business, whether you’re working with individuals or companies. When invoicing becomes digital, it’s essential to make sure you have the right procedures in place to ensure timely payments and avoid any issues down the line.

March 23, 2023

In the business world, Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP) are two systems many companies rely on to organize their operations better. But what are the key differences between these two software systems? Let’s dive in and break down how each system works and why each serves a unique purpose.

March 21, 2023

A company’s success in the marketplace is determined not just by the quality and sales of its products and services but by its buying power. In a fiercely competitive marketplace, with every company coming up with new ways to impress the customer, the race to the finish line is more plausible for those with the maximum buying capacity. A company with ready cash in hand has a bigger advantage in terms of reaching out to the customer first. Just think about it ...

March 20, 2023

Business management requires robust systems that provide critical insights and analytics to enable organizations to make informed decisions. MS Dynamics AX, now known as Dynamics 365 Finance and Operations, is one such system that fills this need. In our blog, we aim to give readers an overview of MS Dynamics AX, its features, and how it benefits businesses.

March 19, 2023

Productivity and efficiency are two essential elements for the success of any business. Without these, a business can suffer significant losses and a profit decline. However, managing these two elements alone can be a daunting task. Fortunately, Microsoft Dynamics offers a solution by providing powerful tools that can help streamline your business processes, increase productivity and efficiency, and ultimately drive success.

March 18, 2023

As businesses continue to grow, keeping track of large amounts of data becomes daunting. To solve this problem, Small and Medium Enterprises (SMEs) often turn to powerful tools like SAP Business One. Providing a comprehensive overview of their business operations, this software makes it easy to manage daily tasks by letting SMEs streamline information flow and make informed decisions.

March 17, 2023

If you are in the market for an Enterprise Resource Planning (ERP) solution, you have probably heard of Syspro. This software solution has built a reputation for being one of the best on the market, but what about this ERP makes it worth the hype? In this blog post, we will dive into the different aspects of Syspro ERP, and why it is such a popular choice among businesses.

March 16, 2023

OCR (Optical Character Recognition) technology works by using algorithms to analyze scanned or digital images of documents, identify patterns and shapes that resemble letters, numbers, and other characters, and then translate those patterns into machine-readable text.

March 15, 2023

OCR technology has undoubtedly revolutionized the way we deal with text-based information today. Now, you can easily scan any paper or printed documents and convert them to digital format, whether PDFs, Word files, or any other digital file format.

March 14, 2023

Productivity and efficiency are two essential elements for the success of any business. Without these, a business can suffer significant losses and a profit decline. However, managing these two elements alone can be a daunting task.

March 13, 2023

If you’re a small or medium-sized business owner, chances are you’ve heard of Sage software. This payroll and accounting software is widely used by businesses worldwide. However, if you’re unfamiliar with the software, it can be challenging to get started.

March 12, 2023

Efficient document processing is an essential part of any organization. Many businesses still rely on manual document processing, which is time-consuming and prone to errors. However, with the advancement of technology, there are several automated solutions available in the market that can streamline document processing and make it effortless.

March 11, 2023

In today’s fast-paced digital age, businesses of all sizes and industries must embrace technology to stay competitive. For many companies, investing in Netsuite business software is critical to achieving success. But why is it so important? What benefits does Netsuite offer, and what risks do businesses run if they don’t take advantage of this tool?

March 10, 2023

PDFs, or Portable Document Formats, are widely-used for presenting and sharing information. However, PDFs are not searchable and cannot be edited easily. This is where OCR, or Optical Character Recognition, comes in. By using PDF OCR conversion, users can search for specific words or phrases, copy and paste text, and edit the document with ease.

March 09, 2023

ERP and accounting software have many similarities, and sometimes these words are even used interchangeably. Yet, there are critical differences that any business owner or decision-maker must be aware of. After all, choosing the right ERP or accounting software for your organization is essential. But with so many options, knowing which is best for you can be challenging, especially with so much confusion.

March 08, 2023

The role of Chief Financial Officers (CFOs) in constructing a financial plan and preparing the budget is incredibly important. They understand the vision of the business, they have access to the latest information regarding financial trends and the resources needed to execute them.

March 07, 2023

Business intelligence (BI) and enterprise resource planning (ERP) are two essential components of modern business. BI is a set of tools that allow businesses to analyze data from multiple sources, while ERP manages key information for an organization. These two systems help companies make informed decisions about their strategy, operations, and finances.

March 06, 2023

Manufacturing ERP software is essential in today’s fast-paced and highly competitive manufacturing landscape, when companies constantly seek ways to optimize their operations and enhance their overall efficiency. One such solution that has transformed the manufacturing industry is Enterprise Resource Planning (ERP) software designed with manufacturers in mind.

March 05, 2023

As a business owner, you may often wonder whether your company would be better off using an Enterprise Resource Planning (ERP) system or sticking with traditional accounting software. Both options have pros and cons, but how do you know which software type will substantially benefit your business?

March 04, 2023

Many people are familiar with SAP software, but what is it used for? This blog post will discuss what SAP software is used for, its benefits, and why businesses are implementing it. We will explain SAP software applications in businesses, including their features, benefits, and use cases.

March 03, 2023

Accounts payable (AP) is an essential part of any business. However, as it involves a lot of paperwork and manual processes, it can be time-consuming and error-prone. This is where AP automation comes in. Automating your AP processes can streamline your workflow and save time and money.

March 02, 2023

Manufacturing accounting differs from traditional accounting types. If you are a business owner looking to understand the financials of your manufacturing company better, then you may be wondering what precisely manufacturing accounting is. Manufacturing accounting is integral to managing a successful business, as it helps businesses track costs and profits.

March 01, 2023

The business world is rapidly evolving, and staying competitive often requires organizations to adopt new technologies and strategies. One such technology that has revolutionized how companies manage their daily operations is the Enterprise Resource Planning (ERP) system.

February 28, 2023

For any business looking to streamline its operations and increase its efficiency, transparency, and agility, SAP ERP is an invaluable tool. But what exactly is SAP ERP, and why should your business consider using it? Is it suitable for corporations only, or can small and medium businesses benefit from it? Let’s explore this powerful enterprise software solution’s many features, benefits, and functionalities.

February 27, 2023

Enterprise Resource Planning (ERP) systems are essential for businesses of all sizes. But, with the advent of cloud computing, many companies are moving their ERP systems to the cloud to take advantage of its many benefits.

February 26, 2023

What is an invoice? For many business owners, it’s one of the pillars of their financial workflow. One of your crucial responsibilities is ensuring that finances are in order. While receiving payments is essential to your success, so is tracking and organizing them. This is where invoices come in.

February 25, 2023

If you are a business owner or entrepreneur, you have probably heard of the terms “Business Intelligence” (BI) and “Enterprise Resource Planning” (ERP). But what do these two terms mean and how do they complement each other? Let’s take a look at the definitions of BI and ERP, and how they can be used to benefit your business.

February 24, 2023

Are you a business owner or executive looking to improve your organization’s operations and processes? If so, you may consider investing in SAP S4/HANA. SAP S4/HANA is an enterprise resource planning (ERP) system that gives businesses real-time insights into their operations.

February 23, 2023

The use of accounting software is crucial for businesses of all sizes to succeed. It can help track income, expenses and overall financial performance in real-time, allowing companies to make more informed decisions. With accounting software, data entry is streamlined, reducing mistakes that happen when manually entering numbers in endless spreadsheets or tracking invoices.

February 22, 2023

Machine learning has revolutionized processing, analyzing, and extracting insights from vast data. Despite its numerous merits, machine learning models can make mistakes, resulting in sometimes truly disastrous results. This is why accuracy is a crucial factor in any machine-learning project.

February 21, 2023

“What is ERP” is the question many business owners ask. Simply put, ERP, which stands for “Enterprise Resource Planning,” is an integrated system of business software that makes various everyday tasks much more straightforward for businesses. But what is ERP, and how does it benefit your business? ERP systems pull data from many business processes, such as inventory and accounting, into one comprehensive system that can be effectively managed. Accessing this data quickly and easily allows...

February 20, 2023

As a business owner, you might have often encountered the terms «order» and «invoice» in your operations. While they might sound similar and used interchangeably, they actually serve different purposes. Understanding the difference between the two is crucial for proper bookkeeping, financial management, and satisfying your clients.

February 19, 2023

In today’s era, businesses gather massive amounts of data from various sources, such as feedback forms, invoices, receipts, and other documents. Extracting data from these sources manually can be overwhelming for businesses, consuming a significant amount of time.

February 18, 2023

In today’s fast-paced and technologically advanced world, keeping up with the latest payment solutions is crucial. The traditional methods of payment, such as cash and checks, are becoming obsolete, making way for new, cutting-edge payment options. These innovative solutions are transforming how small and large businesses conduct transactions and provide convenience and security to consumers.

February 17, 2023

Many people confuse the controller and CFO roles in financial management. Both positions are essential in any company, but they have different responsibilities. The primary difference between a controller and a CFO lies in their focus. The controller is responsible for managing and recording financial transactions, while the CFO is responsible for overseeing the entire financial strategy of a company.

February 16, 2023

As a manufacturer, you understand how important it is to keep up with the latest technologies. One of the most essential tools at your disposal is the manufacturing Enterprise Resource Planning (ERP) platform. Manufacturing ERP software allows the manufacturing business to manage data and processes across all departments in a unified platform, helping you to become more efficient and reduce costs. Let’s look at how ERP software can help your manufacturing business thrive.

February 15, 2023

As a business owner, sending bills is integral to your daily operations. However, it is easy to confuse the two most common billing documents: statements and invoices. Understanding the difference between the two is crucial, as they play distinct roles in helping you maintain tidy books and keep your customers informed. In this blog post, we will discuss the similarities and differences between statements and invoices.

February 14, 2023

In small businesses, accounting plays an important role, and the choice of accounting software for small businesses often gets overlooked. It ensures the company’s long-term success, as it helps business owners understand their current financial situation and plan for the future.

February 09, 2023

One of the most crucial challenges of the modern world is data management. Modern companies, from big to small, operate humongous amounts of data, and successfully handling it makes the difference between the most and least successful enterprises on the market. An enterprise resource planning system (ERP) is vital for this task. Let’s find out what does ERP stand for? ...

February 07, 2023

What is transaction data? The data and documents that support everyday buying and selling mostly constitute transaction data. Whenever a company interacts with its external stakeholders like vendors and customers, a considerable volume of data and information is generated. Everyday business processes can produce tons of valuable business data that is difficult to capture manually. This transaction data supports vital business processes in finance, supply chain and logistics, transportation ...

February 02, 2023

In the past, the lengthy procedure of processing invoices was something that businesses were used to doing in their daily operations. The procedure used to be time-consuming and fraught with errors, but things have become far less complicated in recent years. When you automate the procedure of processing invoices, optimizing the operations of your company and saving countless ...

January 31, 2023

All the new age disruptions, technology advancements and economic upheavals have taught us one thing: that customer is still king. Whatever a business does, it must revolve around the customer. But the customer engagement game has changed dramatically over the years. Digital transformation and the advent of cognitive technologies have enabled businesses to engage customers better, adding to the growing number of engagement channels and lowering the time ...

January 26, 2023

The actions that a business performs in order to fulfill an order placed by a customer are referred to as "sales order processing." The modern sales order procedure has been substantially facilitated by technology, which has made this possible by giving important information to all seller touchpoints (from billing to production and logistics). When a customer makes a purchase, regardless of whether that transaction takes place in-store, on the Internet, or over the phone, they put in motion ...

January 24, 2023

Consider this: as per estimates by the United Nations Environment Program, approximately one-third of food produced globally is lost or wasted. In industrialized countries, around 40% of these losses occur at the retail level. Major squandering of resources and poor coordination among participants along the supply chain are responsible for most of the wastage. Whereas food is mainly lost in the early stages of the supply chain in the case of developing countries, it’s the reverse for medium ...

January 19, 2023

Small Business: whereas what can be considered “small” is debatable and highly subjective, the US Small Business Administration (SBA) chooses to label an enterprise as a small business if it is employing less than 500 employees. Small businesses help keep local economies rolling and are a hub for innovation. But when it comes to driving change and digital transformation across sectors, one begs the question if automation is really needed for small businesses ...

January 17, 2023

The pandemic and ensuing social restrictions have accelerated investments in the cloud, no doubt, but the flexibility and cost-effectiveness of the cloud should have long made it a regular feature within organizations. The general reluctance to move critical business operations to the cloud may have been due to security concerns, especially when considering having proprietary software and critical data on the internet. But for businesses wanting to cut down on the running costs ...

January 12, 2023

Digital workers make work processes better. Many organizations today agree that rather than replace the human workforce, Robotic Process Automation (RPA) is in fact augmenting them to work to their full potential. New age technological advances are helping combine digital transformation technologies with robotic process automation to create new models of automation. Intelligent process automation is an advanced form of automation technology that combines digital transformation ...

January 10, 2023

Artsyl’s docAlpha digital transformation platform mobilizes content-dependent processes by providing intelligence-based workflows for the acquisition, validation, verification, and export of transaction data to an ERP system or other line-of-business applications (LoBs). Its combined digital transformation technologies including AI, Machine Learning, Business Process Automation (BPA), Intelligent Data Capture, etc. help with straight-through processing of transaction documents ...

January 05, 2023

Among the many strategic growth initiatives that your company takes, keeping suppliers happy must be one of them. Vendors and suppliers are a critical part of strategic growth management and can be very effective accelerators if you are looking to gain an edge in business over your competitors. But keeping suppliers happy is easier said than done, primarily because you’re not alone in vying for their business. In a tough competitive market environment, where every other company ...

January 03, 2023

We discuss intelligent document processing and why it is quickly becoming an essential component of strategic business development. Data forms the crux of business operations across many sectors. Data usually initiates most business processes in many functional areas like accounts payable, order fulfillment, customer service, medical claims processing, employee onboarding, etc. and even tech support. These are typical document-dependent processes that are mission critical ...