Businesses and individuals are continually seeking ways to streamline their workflows, boost productivity, and accomplish more with less effort. While there are many ways to achieve the goals of an organization, finding solutions that work well together can be a...
What Is Total Cost of Ownership? Total cost of ownership, also referred to as TCO, is the calculation of how much an item, process, or service costs over its lifetime. These may include costs for setup, disposal, updates and upgrades, resources used, and more. TCO can...
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...
