Invoice coding involves categorizing expenses and assigning them to specific accounts. It seems simple, which is why it's often overlooked in AP efficiency discussions. But here's the kicker: it may be costing you more than you think. Companies without automation spend $6.30 per invoice, while automated counterparts pay just $1.45. That's right— automation could save…

Les règles métier sont des règles/conditions prédéfinies qui visent à normaliser le flux de travail d'une organisation et à réduire les erreurs, économisant ainsi du temps et des frais généraux. Essentiellement, les règles commerciales sont un ensemble de « lois » qui rationalisent les opérations commerciales. La seule différence ici est que les règles commerciales…

Ever stared at a scanned document or PDF, wishing you could just edit it in Word? You're not alone. These files could be stubborn, keeping text frustratingly out of reach. OCR (Optical Character Recognition) technology comes to the rescue. It automatically recognizes and extracts text from images and PDFs, converting them into editable Word documents.…

Qu’est-ce que fuzzy matching? Fuzzy matching (également appelée correspondance approximative de chaînes) est une technique qui permet d'identifier deux éléments de texte, chaînes ou entrées qui sont à peu près similaires mais ne sont pas exactement identiques. Par exemple, prenons le cas d'une liste d'hôtels à New York comme le montrent Expedia et Priceline dans…

Why is it Important to Reconcile your Bank Account? Reconciliation is a crucial accounting process that ensures the accuracy of the financial close process. It ensures that the money credited or debited in your bank account matches the money being expended or made. Reconciling the bank statement involves comparing the company"s internal financial records or…

What Is a Bank Reconciliation Statement? A bank reconciliation statement is a financial document that compares a company"s bank account balance to the transactions recorded on its general ledger, often called the "cash books." The purpose of performing the bank reconciliation is to identify discrepancies and adjust entries so that the transactions are aligned with…

What is Credit Card Reconciliation? Credit card reconciliation is the process of ensuring that the credit card transactions match the internal general ledger. It involves verifying the expenses recorded by the company"s accounting system align with the statements provided by the credit card issuer. Credit cards have made it easier for businesses to process payments.…