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Why You Need More than OCR for Effective Invoice Capture

Why You Need More than OCR for Effective Invoice Capture

By Business Process Outsourcing, Invoice Processing
OCR-backed invoice capture is being touted as a game-changer in invoice processing, accelerating data collection for faster approval and payment cycles.

However, while automated OCR or optical character recognition has brought about a revolution in the standard invoice management process, it’s not enough on its own to carry out a successful accounts payable operation.

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How to Transform and Shift Your Accounting Function

How to Transform and Shift Your Finance and Accounting Function

By Business Process Outsourcing, Financial Services
Whenever we talk of upgrading internal finance and accounting processes, outsourcing is considered to be low-hanging fruit for reducing costs. 

However, as outsourcing companies upgrade their services, the entire scope of business process outsourcing has expanded to incorporate business process improvement and business process automation as a part of a complete solution for operational excellence. 

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Testing Waters in a Changing Financial Landscape

Testing Waters in a Changing Financial Landscape

By Business Process Outsourcing
As the COVID-19 crisis unfolds, it is causing widespread disruptions that will ripple across different industries and sectors in the years to come. In the face of this uncertainty, it is vital for all financial institutions to take proactive measures to improve credit management, reassure both borrowers and investors and get a better understanding of their everyday financial data to make smarter decisions. 

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