What Is Line Item Extraction? Line item extraction is a crucial portion of the process of invoice parsing and tracking spend within organizations. In this post, we’ll discuss the importance of line item extraction, how it works, how OCR and other technologies...
Over the course of the last few years, the use of AI has shifted from a novelty to a necessity. AI promises to be a powerful tool for businesses to improve operations and efficiency; however, with the sudden arrival of AI in the business world, too little...
The financial back office is slowly becoming more and more modernized as time goes on, and one area that continues to be a time-consuming and error-prone task for finance teams is General Ledger coding. However, with more and more advanced technology, automatic GL...
In busy organizations, it’s easy to get caught up in the day-to-day hustle of transactions, reconciliations, and reporting with no regard for how compliance plays a role in keeping your organization healthy. With so much on your plate, you might occasionally...
Organizations of all shapes and sizes, especially those with a large number of vendors or complex transactions, are constantly seeking ways to streamline operations, reduce costs, and mitigate risks. One of the most impactful advancements in achieving these goals is...
