Our News & Events in 2023

December 07, 2023

Maintaining an efficient medical practice can be challenging, especially when managing patient documents and forms. With increasing patient volumes, manual data entry, and document processing can be limiting and sometimes prone to errors.

December 05, 2023

If you own a business or work in an accounting department, you may have heard the term “payment reconciliation” thrown around. But what exactly does it mean? In short, payment reconciliation is the process of comparing financial records to ensure that they are accurate and match up with one another.

November 30, 2023

Is inventory management keeping you up at night? Overstocking perishables or running out of critical items can be disastrous in the food industry. OrderAction's intelligent inventory management algorithms adapt to your needs, enabling just-in-time inventory practices that minimize waste and maximize profit. Say goodbye to stockouts and spoilage, and say hello to a streamlined, efficient supply chain. Learn about modern ways to streamline procurement and order processing in the food supply industry.

November 28, 2023

Managing invoicing and billing can be a challenging task for many businesses, especially those that deal with a large volume of transactions. One way to simplify the process and ensure timely payments is by using a self-billing invoice system. This approach involves the buyer of goods or services generating the invoice on behalf of the supplier. In this blog post, we will explore what a self-billing invoice is, how it works, and some of the benefits it offers.

November 21, 2023

Accounting operations in logistics can be overwhelming. With the amount of paperwork and data entry involved, it can slow down productivity and cause unnecessary expenses. However, with the advent of automated data capture technology, logistics companies can now simplify their accounting operations through OCR or Optical Character Recognition.

November 16, 2023

Payment processing is a crucial aspect of any business conducting online transactions. It involves a step-by-step process from the moment the customer initiates the payment transaction to when the funds are deposited into the merchant’s account.

November 14, 2023

In today’s digital age, document processing plays a vital role in the day-to-day operations of various businesses, from small startups to large corporations. Technologies such as OCR (optical character recognition) capture and artificial intelligence have revolutionized document processing, making it faster, more efficient, and more accurate.

November 09, 2023

Managing finances is an essential aspect of running a business. Companies that want to remain competitive must be adept at managing their expenses, vendors, and cash flow. However, these three concepts are often used interchangeably, leading to confusion. In reality, expense management, vendor management, and cash flow management are distinct yet interconnected elements of financial management.

November 07, 2023

Have you ever found yourself buried under piles of invoices, struggling to keep track of what needs to be paid and when? Handling accounts payable (AP) can be a challenging task, especially when done manually. Moreover, manual AP processing may result in costly errors, delayed payments, or even missed deadlines.

November 02, 2023

Running a business comes with a lot of challenges and responsibilities, especially when it comes to managing multiple vendors. Coordinating with numerous vendors, keeping track of their performance, and ensuring that payments are made on time can be a daunting task, to say the least.

October 31, 2023

Unveil the secrets to streamlined supplier invoice management with our comprehensive guide. Learn how software solutions like Artsyl InvoiceAction are transforming businesses by improving efficiency and compliance.

October 26, 2023

As businesses move towards the digital realm, payment processing has become an integral part of their operations. Payment methods need to be secure, fast and convenient for the customer. It’s important for businesses to understand the different types of payment methods available in the market and their benefits to make wise decisions. In this article, we will discuss the popular payment methods available and their pros and cons.

October 24, 2023

Machine learning models are a set of algorithms, statistical models, or artificial intelligence techniques that automate the data analysis process to identify patterns and make predictions without explicit instructions. They utilize the power of machine learning systems to gain insights, predictions, and recommendations in various industries.

October 23, 2023

If you’re new to finance, the terms «disbursement» and «reimbursement» may sound similar. However, there is a huge difference between these two financial concepts. In this blog post, we’ll explain the difference between disbursement and reimbursement, so you can understand the implications of each term.

October 22, 2023

How to achieve streamlined data collection and document processing! Explore our comprehensive blog on eForms and discover everything you need to know about revolutionizing your digital paperwork processes. Learn how electronic forms transform your workflow today!

October 21, 2023

This guide dives into the intricacies of accounts receivable turnover, providing you with actionable insights and strategies to optimize your AR performance and reap the rewards of improved cash flow, reduced bad debt, and enhanced customer relationships.

October 20, 2023

Receipts don't have to be a hassle. Explore our blog for valuable insights into receipt management, from going paperless with digital solutions to mastering the art of organization. Stay ahead of the game with our receipt management tips and tricks.

October 19, 2023

In today’s world, technology has made rapid progress and has touched every aspect of our lives. In recent years, two revolutionary technologies, Machine Learning (ML) and Artificial Intelligence (AI), have gained a lot of attention. These technologies are used interchangeably, but they are quite different.

October 17, 2023

Claims processing is an essential part of any healthcare organization. However, the process can be time-consuming and prone to errors, and delays in claims processing can lead to dissatisfied patients.

October 16, 2023

When it comes to economics, supply and demand is one of the most basic and fundamental concepts that any individual should know. It is the beating heart of any market economy, and it lays the groundwork for how businesses price their products and services, as well as how consumers decide what they are willing to pay for them.

October 15, 2023

ROI is a buzzword that gets tossed around a lot in the world of business and finance. But what exactly is ROI, and why does it matter? Simply put, ROI (return-on-investment) is a measurement that indicates how much profit or loss an investment has generated, relative to the amount of money that was invested in it.

October 14, 2023

Unlock the secrets of streamlined finances! Dive into our blog on accounts payable to discover expert tips and best practices for mastering your AP processes. Get ready to transform your financial operations and boost efficiency.

October 12, 2023

Modern businesses are constantly looking for ways to increase efficiency and accuracy while reducing costs and time. One of the major challenges companies face is managing their document processing and workflow, which can be overwhelming and time-consuming. The good news is that technology has made it possible to automate and streamline document processing while improving accuracy.

October 11, 2023

Do you think you know all about accounts payable? What about the audit trail in AP? Dive into the secret world of accounts payable where invoices play hide and seek, and auditors moonlight as financial detectives!

October 10, 2023

Keeping track of business expenses is a necessary task that many professionals dread. The process can be laborious, time-consuming and even cost prohibitive if it is not managed strategically.

October 09, 2023

Discover a smarter way to handle routing numbers, reduce compliance risks, and boost productivity. Our cutting-edge solution simplifies the complex, so you can focus on what matters most – growing your business. Choose docAlpha today and experience the benefits of efficient, accurate, and secure routing number management. Your financial operations deserve the best, and docAlpha delivers it effortlessly.

October 08, 2023

As technology continues to develop, businesses around the world have become more interdependent. International transactions are now easier and more practical. The management of international payments, however, did not necessarily become easier. This is where remittance services come in.

October 07, 2023

A visit to the dentist isn’t something anyone looks forward to, but it’s a necessary part of life. Regular checkups and dental procedures are important for maintaining good oral health, but the process of filing dental claims can be a tedious and frustrating experience for everyone involved.

October 06, 2023

Running a business isn’t just about getting customers to buy your products and services. Effective accounting plays a vital role in keeping your business afloat. And one crucial part of accounting is GL code. Have you heard of it?

October 05, 2023

For businesses of all sizes, invoicing is often a time-consuming and tedious process that can create headaches for both the invoicing team and the clients. However, with the advancements in technology, it’s never been easier to streamline your invoicing process and remove the manual labor involved in invoicing.

October 04, 2023

Utility bill processing can be a tedious task for businesses, especially if you have a large number of accounts to manage. Utility bills make up a significant portion of a business’s expenses, and it’s crucial to ensure timely payment to avoid late fees, service disruptions, or even legal action.

October 03, 2023

In today’s digital world, document management plays a vital role in the success of any organization. Efficient document capture and automation solutions can help boost productivity, reduce errors, and improve collaboration among teams.

October 02, 2023

Inventory management is an integral part of a business, and it involves keeping track of all the goods that a company owns. This process can be time-consuming and prone to errors if done manually.

October 01, 2023

Medicare and Medicaid are two of the most important healthcare programs in the United States. They provide medical coverage to millions of Americans who might not otherwise be able to afford healthcare services.

September 30, 2023

As someone who relies on dental insurance to make dental care affordable, filling out and submitting dental claims may seem like a tedious task. However, this is where the American Dental Association (ADA) Dental Claim Form comes in handy.

September 29, 2023

In the fast-paced world of finance, agility is key. Respond swiftly to credit memo requests, ensuring enhanced customer trust and loyalty. With docAlpha's automation, you'll not only expedite your credit memo processing but also bolster your audit readiness with impeccable record-keeping. Let docAlpha handle the complexities of data capture and credit memo processing, so you can focus on strategic financial management and customer relations.

September 28, 2023

In today’s fast-paced business world, companies must be equipped with the right technology and tools to remain competitive and profitable. ERP (Enterprise Resource Planning) is one such tool that has revolutionised how businesses operate. ERP systems integrate all aspects of business operations, including inventory management, purchasing, production, finance, HR, and more.

September 27, 2023

Whether you’re an experienced accountant or just starting out, the accounting equation is the foundation of all accounting principles. Understanding this equation is essential to properly managing your company’s finances. In this guide, we’ll take a deep dive into the accounting equation, including its components, how it’s used, and how it affects your business.

September 26, 2023

Claims processing is an essential part of any healthcare organization. However, the process can be time-consuming and prone to errors, and delays in claims processing can lead to dissatisfied patients.

September 25, 2023

Have you ever been overwhelmed with the number of documents that you need to process every day? We’ve all been there – signing contracts, approving invoices, handling delivery notes, and more.

September 24, 2023

Artificial Intelligence (AI) is revolutionizing the business landscape, and the finance sector is no exception. With the increasing demand for faster and more efficient transaction processes, AI-enabled order-to-cash (O2C) automation is becoming a game-changer.

September 23, 2023

Artificial Intelligence (AI) and real-time analytics have been at the forefront of transformative technologies that are revolutionizing traditional industries. One sector that is particularly ripe for such an overhaul is order management. Traditional order management systems often operate in isolation and are not designed to adapt to fluctuating market conditions, inventory levels, or customer demands. It’s time to change that with the help of AI integration!

September 22, 2023

Managing documents can be a daunting task, especially when dealing with large volumes of information. The traditional process of manual data entry and document processing can be tedious, time-consuming, and error-prone.

September 21, 2023

Manufacturing companies face various challenges in today’s competitive landscape, and one of the most prominent is managing their inventory efficiently. This is where inventory optimization in manufacturing ERP becomes valuable.

September 20, 2023

Accounts receivable (AR) refers to the money owed by customers to a business for goods or services purchased on credit. One of the main challenges businesses face is managing their AR efficiently, which requires tracking incoming payments, following up on overdue invoices and managing collections.

September 19, 2023

Accounting in logistics and transportation can be a cumbersome task, involving several complicated processes such as billing, payments, and reconciliation. Sometimes, errors in the system can create delays or discrepancies, leading to frustration and even loss of business for both parties involved.

September 18, 2023

In the world of business software, Acumatica is known for staying ahead by being innovative and flexible. Now, with the new Acumatica 2023 R2 release, they’re making big improvements in technology and artificial intelligence (AI) features.

September 17, 2023

As businesses continue to expand, so does their workload. One significant process that requires a considerable amount of administrative work is invoice matching. Ensuring that the data on invoices matches the data stored in a company’s system is crucial to preventing financial loss. However, manually matching invoices is time-consuming and often prone to errors.

September 16, 2023

Today, machine learning AP Solutions have become an essential tool for accountants and businesses alike. In this post, we’ll explore the benefits of machine learning AP Solutions and how businesses can take advantage of them.

September 15, 2023

Are you wondering what your AP department is missing? Advanced AI for accounts payable can revolutionize business operations by providing benefits such as invoice processing, data entry automation, and increased accuracy. When moving to AI-powered accounts payable, supported by Artsyl, you can dramatically reduce manual labor and costs by automating invoice processing, data entry, and other administrative tasks.

September 14, 2023

Managing logistics and supply chain operations can be a complex task for any organization. As you deal with numerous supply chain partners, transportation costs, and inventory management, document creation and management can become tedious. But with the help of advanced technology like document automation, you can streamline your supply chain and logistics operations to ensure accuracy, efficiency, and productivity.

September 12, 2023

Streamlining business operations is essential in today’s rapidly changing business environment. ERP systems play an important role in helping businesses achieve this goal. Among the numerous ERP systems available today, the IFS ERP system has become incredibly popular, and for a good reason. In this comprehensive guide, we will understand what the IFS ERP system is, how it works, its features, and its benefits.

September 10, 2023

Managing finances is an important task for every business, big or small. But the accounting department can often be overwhelming, with numerous tasks such as maintaining records, invoicing, bookkeeping, and managing cash flow. Although spreadsheets and manual data entry have served as an effective solution for accounting professionals, the process is not without its drawbacks.

September 09, 2023

As a business owner, you know that invoicing is one of the most important aspects of your business operations. It is how you get paid for the products or services you offer to your clients. But do you know what invoice reconciliation is and why it is essential to the success of your business?

September 08, 2023

In the dynamic world of business, the efficiency of financial operations is crucial for a company’s success. One vital component of financial management is invoice processing. Traditionally, manual invoice processing was the standard procedure, but technological advances have given rise to automated invoice processing solutions.

September 07, 2023

Managing logistics and supply chain operations can be a complex task for any organization. As you deal with numerous supply chain partners, transportation costs, and inventory management, document creation and management can become tedious. But with the help of advanced technology like document automation, you can streamline your supply chain and logistics operations to ensure accuracy, efficiency, and productivity.

September 06, 2023

The process of invoicing can be very time-consuming for businesses, especially those that still use manual methods. Sorting through piles of invoices to extract necessary data can be tedious and frustrating.

September 05, 2023

In today’s world, manufacturers are under immense pressure to stay lean. Lean manufacturing principles aim to improve efficiencies, reduce waste, and increase productivity. In this blog, we’ll explore these principles in detail.

September 04, 2023

Keeping track of invoices can be quite a headache for any finance professional. From receiving invoices to processing them, to making on-time payments, it can be a time-consuming and arduous process.

September 03, 2023

For any forward-thinking business, the ability to digitize documents accurately and efficiently is imperative. Paper-based documents can cause operational strain, slow down processes, increase costs, and even contribute to information loss.

September 02, 2023

Document scanning has been around for decades, and its benefits to businesses and individuals are numerous. However, as we move towards a more digital and automated world, it has become clear that traditional document scanning methods are slow, cumbersome, and prone to errors.

September 01, 2023

We’ve seen a massive increase in efficiency and accuracy in finance departments worldwide thanks to advancements in technology and automation. One automation tool is invoice processing software which is an important element in Accounts Payable automation.

August 31, 2023

As a CFO, you know the importance of keeping track of your company’s financial transactions. One of the most crucial aspects of this is handling quotations and invoices efficiently. However, understanding the difference between the two can be tricky, even for seasoned professionals.

August 30, 2023

Ready to revolutionize your disbursement process? Experience seamless integration, automated accuracy checks, and faster processing times. Say goodbye to human errors and hello to a streamlined workflow that boosts your team's productivity. With Artsyl powerful tools, you'll not only save time but also enhance your financial accuracy and vendor relations. Explore the hassle-free disbursement world where every invoice and order is managed perfectly. Don't wait to transform your business operations.

August 29, 2023

In today’s business landscape, financial management plays a critical role in the success of organizations of all sizes. Poor financial management can quickly lead to bankruptcy and eventual closure, while effective financial management can help organizations thrive. This is where the role of a Financial Manager becomes essential.

August 28, 2023

A PO match, or Purchase Order match, is a critical step in the procurement process that involves comparing and validating various documents to ensure accuracy and compliance with agreed-upon terms. The importance of a PO match lies in its role in preventing errors, overpayments, and discrepancies in transactions.

August 27, 2023

In the modern business landscape, managing expenses efficiently is crucial for maintaining financial health and operational efficiency. This guide on expense management software explores how this software streamlines the process of tracking, approving, and reimbursing employee expenses. Discover how integrating Artsyl docAlpha with expense management software optimizes your financial processes for unmatched efficiency and accuracy.

August 26, 2023

Uncover key strategies for streamlining the expense reporting process, ensuring accuracy and compliance. Learn from industry experts about innovative tools and techniques that can save time and reduce errors. Whether you're a small business owner or part of a large corporation, our practical tips will help you optimize your expense report workflow and make financial management a breeze.

August 25, 2023

As a business owner, you know how important it is to keep your finances in order. Whether you own a small or large company, streamlining your accounting process is crucial to ensuring the success of your business. Being able to manage your invoices properly is one of the key aspects of accounting, as it keeps the cash flow steady.

August 24, 2023

Business Intelligence (BI) is an essential aspect of modern-day business operations. Through BI, companies can analyze data, spot trends, and make informed decisions. However, with ever-increasing data volumes, complex algorithms, and rapid technological advancements, choosing the best BI tools can be overwhelming.

August 23, 2023

Invoice management is an essential aspect of running a successful business. It involves creating, sending, and tracking invoices and payment receipts. Proper invoice management can help you avoid late payments, reduce the risk of fraud, and save time and resources.

August 22, 2023

Many manufacturing companies today invest in Enterprise Resource Planning (ERP) software systems to manage manufacturing processes. However, choosing the right ERP software system can be overwhelming, especially considering the many options available.

August 21, 2023

In an era where artificial intelligence (AI) is revolutionizing various facets of business operations, Accounts Payable (AP) is no exception. The traditional challenges associated with AP—be it manual data entry, prolonged invoice approvals, or compliance risks—are increasingly being mitigated by the advent of AI-powered AP Automation.

August 20, 2023

Sales and purchase orders processing is a vital aspect of any business. However, it is a tedious task that involves manually entering information into systems, checking for errors, and verifying orders.

August 19, 2023

Artificial Intelligence has taken over the world’s technology landscape in a big way and businesses of diverse sizes and industries are taking advantage of it to improve their processes and drive innovation. One particular use case of AI that has gained significant popularity in recent years is invoice data extraction.

August 18, 2023

Accounts Receivable (AR) is an essential aspect of your organization’s financial management. It refers to the amount of money that your customers owe your business for the goods or services that you have provided to them. The AR reflects in your balance sheet, and it is crucial to understand the process cycle to ensure efficient cash flow management.

August 17, 2023

As a financial professional, it is imperative to clearly understand all financial processes within your organization to ensure efficient and effective financial management. One of these processes that should be noticed more is the approval of invoices. In this blog post, we will dive into invoice approvals, why they are essential, and how they can benefit your...

August 16, 2023

We break down AP automation, best practices, and how to elevate your financial operations with Artsyl intelligent automation solutions for long-term success. Maintaining an efficient accounts payable (AP) workflow is essential to the success of any business. However, it can be time-consuming, complicated, and prone to errors if not done in the right way.

August 15, 2023

As businesses continue to evolve and grow, there is an ever-increasing need to streamline processes to enhance efficiency, reduce costs and improve customer satisfaction. In the supply chain industry, one of the most complex business areas, it can take a lot of work to keep up with the demands of handling invoices, managing vendors, and dealing with the complexities of taxes and regulations.

August 14, 2023

Invoicing is an essential part of any business, big or small. It’s the process of sending a bill to customers for services rendered or products delivered. As such, it plays a crucial role in ensuring timely payments and keeping your business afloat.

August 12, 2023

Learn how innovative, cloud-based solutions offer a secure, streamlined way to manage your transactions, ensuring timely and accurate payments every time. Whether you're dealing with domestic or international transactions, Artsyl Technologies has the flexibility and functionality to meet all your needs. Make the move to smarter, smoother transactions with Artsyl today!

August 10, 2023

Managing accounts payable is a crucial part of every business process. Late payments can cause disruptions in supplier relationships, leading to lower efficiency and higher costs. Businesses increasingly turn to automation and payment optimization to avoid these challenges to streamline the accounts payable process. This article will explore the benefits of AP automation and payment optimization on business efficiency.

August 09, 2023

A credit invoice and credit note are two commonly used terms in accounting, bookkeeping, and business. These terms can be confusing, especially for beginners who are still trying to come to grips with the basics of accounting. In this blog post, we will explore these two concepts, what they mean, how they differ, and when they are used. We will also outline the importance of these documents in tracking and managing your business finances.

August 08, 2023

Proper management ensures smooth operations, client satisfaction, and overall success for service-based businesses. This is where Enterprise Resource Planning (ERP) systems come into play. ERP software streamlines business processes by integrating different functions into one comprehensive system. This integration can significantly improve service delivery, customer satisfaction, and cost-effectiveness.

August 07, 2023

When it comes to freelancing or running a small business, the final invoice is a crucial part of the payment process. A final invoice is the last bill sent to a client after completing a project, detailing all the work done and the total amount they owe you.

August 06, 2023

Managing a small business is inherently stressful. You have to keep track of every aspect of the business and make sure everything runs smoothly. An essential part of running a successful business is invoicing. If you’re managing a small business, you know how difficult it can be to keep track of all your invoices.

August 05, 2023

If you’ve ever been confused about the difference between a debit invoice or debit note, you’re not alone. These two types of documents are both used to adjust invoices or payments between businesses, but they serve different purposes and are used in slightly different situations. In this article, we’ll explain the differences between the two and when to use each one.

August 04, 2023

In the world of business, time is money, and there is no better way to track and invoice time than using a timesheet. A timesheet invoice is a document used to track time spent on a project or service, which is then used to invoice clients or pay employees.

August 03, 2023

Online transactions have become the norm for most businesses and consumers in today’s digital age. As a result, virtual credit cards have gained significant popularity as a secure and convenient payment method. Unlike traditional credit cards, virtual credit cards come with a unique card number that is only valid for a single transaction and expires immediately after use.

August 01, 2023

Manufacturing enterprises have various needs when it comes to their business processes. It’s important to assess the tools available in the market and determine which could cater to the business’s requirements. Two of the most commonly used systems in the industry are Manufacturing Execution Systems (MES) and Enterprise Resource Planning (ERP).

July 27, 2023

Artificial Intelligence (AI) has become one of the most popular buzzwords in technology and business alike. AI refers to the simulation of human intelligence in machines that are programmed to think and learn like humans.

July 26, 2023

In today’s highly competitive business environment, manufacturing companies need to focus on increasing efficiency, reducing waste, and improving profitability. To achieve this, manufacturers require advanced technology to manage their day-to-day operations. One such technology is Enterprise Resource Planning (ERP).

July 25, 2023

Running any business, whether big or small, comes with its challenges. One of which is managing invoicing and project management. Managing projects from start to finish requires frequent communication with clients, budget planning, managing team members, maintaining a realistic timeline, and meeting the set deadline, to name a few.

July 23, 2023

As a business owner, cash flow management is vital to the success of your business. You need to ensure that you are paid on time for your services to maintain a positive cash flow. This is where interim invoices come in handy.

July 22, 2023

If you’re running an international business, you surely know how important commercial invoices are. This document serves as a crucial foundation for all financial transactions across borders. Essentially, a commercial invoice is a document that represents the sale of goods from a seller to a buyer, including the type of goods, their quantities and prices, and the agreed-upon terms of delivery.

July 21, 2023

If you own a business or work as a freelancer or consultant, issuing invoices is a common occurrence that’s just part of doing business. An invoice is a document that outlines the details of a product or service sold, along with the payment details.

July 20, 2023

With the rapid transformation in financial technology, the landscape of online transactions has also changed drastically. In today’s digital era, almost everyone prefers online transactions over cash transactions.

July 19, 2023

Money is often considered blood to a business. It flows in and out, and when it’s good, the business grows, and when it’s bad, things can go downhill quickly. Keeping a handle on cash flow, money coming in and going out, is essential for any business owner to keep a firm grasp on the state of their finances.

July 18, 2023

As a business owner or manager, you know how crucial it is to have a streamlined billing process. One of the most essential components of this process is the invoice approval workflow. An efficient invoice approval system can save time and money and significantly impact your company’s overall financial health.

July 13, 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.

July 12, 2023

Businesses of all sizes, be it small, medium, or large, face the daunting task of managing their supplier invoices and making sure they are paid on time. The traditional method of manually processing supplier invoices is not only time-consuming but also prone to errors.

July 11, 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.

July 10, 2023

For healthcare institutions, billing and coding can be a complicated and time-consuming process. The UB-04 forms, in particular, provide essential details for reimbursement, but their manual processing can prove to be a daunting task.

July 08, 2023

Artificial Intelligence (AI) and Machine Learning (ML) are two of the most popular terms in today’s tech industry. Both of them are related to automating the decision-making process and enabling machines to learn from data. However, there’s a difference between AI and ML that is often misunderstood. In this blog, we’ll explain the differences between AI and ML and give you a basic understanding of both.

July 07, 2023

When it comes to accounting, two terms that often get used interchangeably are accounts payable and accounts receivable. However, they represent two very different financial processes that are equally important to businesses.

July 06, 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.

July 05, 2023

Managing the supply chain is a complicated process that requires a lot of time, money, and effort. One aspect of supply chain management that can be particularly difficult is accounts payable (AP). However, by implementing AP automation, supply chain managers can effectively streamline this process and improve bottom-line performance.

July 04, 2023

In today’s fast-paced business world, Accounts Payable (AP) tracking and reporting are crucial to keep the finances on track. This is where AP tracking and reporting software comes in handy. It’s a solution that automates the AP process and helps businesses stay organized, on top of accounting, and proactively manage their cash flow.

July 03, 2023

Machine learning is a rapidly growing field in the world of technology. It involves the use of algorithms to identify patterns in data, enabling computers to learn and improve without explicit instruction.

June 29, 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.

June 27, 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.

June 22, 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.

June 20, 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.

June 15, 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.

June 13, 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.

June 10, 2023

Managing Accounts Payable (AP) processes can be a challenge for businesses of all sizes. Manually processing invoices, chasing approvals, and reconciling payments can be time-consuming and subject to errors, leading to supplier payment delays, cash flow issues, and inefficiencies. But with the advent of AP automation software, businesses can streamline their AP workflows, eliminate the backlog, and achieve improved accuracy.

June 08, 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.

June 06, 2023

docAlpha 7.0 focuses on user experience enhancements, simplifying document handling, batch management, business rule validation, and web-scanning. Additionally, architectural improvements such as centralized Identity Server and OAuth 2.0 authentication for docAlpha Server access and end point integrations have been incorporated into the platform.

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 28, 2023

With the increasing digitization of data and processes across industries, the power of Optical Character Recognition (OCR) automation has become more important now than ever before. OCR is a technology that can recognize text within an image or document, making it possible for businesses to convert physical documents into digital format for easier handling and more efficient workflow.

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 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 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 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 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 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 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 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 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 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 11, 2023

The digital age has transformed the way businesses work. Everything has become more streamlined and efficient, from team collaboration to file sharing. However, with so many choices available, it can take time to determine which file-sharing platform is the best for your business.

February 10, 2023

Running a business comes with a multitude of responsibilities, one of which is keeping track of all customer payments. Accounts receivable is essential to your business as it ensures you receive payment for your goods and services.

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 08, 2023

As the world moves towards a digital economy, electronic payment systems are becoming increasingly common and essential for businesses. One such electronic payment system is the Automated Clearing House (ACH) network, which transfers funds between bank accounts within the United States of America.

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 06, 2023

Accounts payable (AP) is an integral part of any business, and ensuring a smooth AP process is critical for timely and accurate payments. One of the most time-consuming tasks in the AP process is the full cycle accounts payable invoice process.

February 05, 2023

Manufacturing businesses face several challenges in their day-to-day operations. Using a traditional ERP, manufacturers can manage everything, including inventory, supply chain, employee productivity, and customer satisfaction.

February 04, 2023

The rise of online shopping has undoubtedly made our lives easier, but it has also increased the chances of data theft and fraud, especially regarding payment processing. With businesses shifting to online platforms, securing the payment processing system has become even more critical.

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 28, 2023

Credit cards have become a ubiquitous form of payment in today’s world. They offer convenience, security, and even rewards for using them. However, with the rise of online shopping and data breaches, virtual credit cards have emerged as an alternative for those who want an extra layer of protection.

January 27, 2023

As the world continues to evolve, businesses are turning to technology to streamline their operations and improve efficiency. Invoicing and accounting software has become popular among businesses of all sizes for maintaining accurate financial records. Online accounting and invoicing save time by automating the billing process, helping keep track of finances, and reducing human errors.

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 21, 2023

When starting a business, selecting a payment processor is one of your most important decisions. With so many options available, choosing the right one for your business can be overwhelming. Let’s take a look at how to choose a payment processor and what matters when you compare the options. Read on!

January 20, 2023

The world of finance and commerce has experienced a massive shift toward digital transactions. With more and more businesses moving online and the rise of e-commerce, businesses need to understand the significance of payment processing and payment analytics.

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 15, 2023

Running a business can be challenging, especially when it comes to managing cash flow. Invoice factoring has become a popular way for companies to improve their working capital by receiving immediate payment on their invoices. But what exactly is invoice factoring? In this blog post, we’ll take a deep dive into the world of invoice factoring, from what it is to how it can help your business.

January 14, 2023

Any business — small or large — cannot sustain itself without a robust financial management system. Inefficient financial management could lead to missed payments, late payments, chargebacks, and penalties, among others resulting in serious damage to a company’s financial health. Such issues could arise for several reasons, including manual processing of invoices, lack of oversight, poor communication, and more.

January 13, 2023

As a business owner, it is important to have proper invoicing practices to ensure smooth cash flow and maintain a healthy financial statement. One way to ensure consistent and reliable invoicing is to use a standard invoice template, either through an invoice maker or invoice generator. In this blog post, we will discuss the advantages of having a standard invoice template and how it can benefit your business.

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 13, 2023

When it comes to managing finances, many organizations need help with executing their budgeting processes efficiently. From gathering data to approving budgets, numerous steps are involved in creating a budget plan that can lead to delays and errors. But what if there was a solution that could help streamline the entire process?

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 07, 2023

In today’s fast-paced business world, businesses must be streamlined and efficient. The days of filing cabinets and physical documents are gone, and the digital era demands a more practical approach to document management. That’s where SharePoint comes in.

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 04, 2023

As a CFO of an organization, you understand the importance of timely payment of invoices. Paying invoices on time helps maintain a healthy relationship between your company and suppliers and ensures smooth cash flow management. Despite this, there are so many payment options available that it’s easy to feel overwhelmed when deciding which method to use for paying invoices. In this blog post, we’ll discuss various payment options organizations have to pay their invoices.

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 ...

January 01, 2023

Inventory management can be a tedious and time-consuming task. But it is also an essential aspect of a company’s operations. When it comes to managing inventory, many companies rely on manual processes or dated software. However, with the advent of modern tools like SharePoint, inventory management has never been easier.