NetSuite, one of the premier cloud-based ERPs on the market today, has a long list of integrations and applications that can be used in congruence with the platform itself, making its business impact even more profound. If you want more functionality than what is provided by out-of-the-box features, the wide variety of available NetSuite integrations…
Introduction to Stripe Reconciliation Every digital purchase is a complex interplay of entities—Customers, Merchants, Acquirers, and Issuing Banks—that orchestrate the flow of funds. A Payment Service Provider (PSP) acts as an intermediary between merchants and the financial institutions involved in processing online transactions. Stripe is a PSP that offers a suite of services to streamline…
Introduction If you've ever wondered how businesses keep track of their spending or ensure that every dollar is accounted for, you’re in the right place. Expense reconciliation is the process through which businesses track expenditures, identify anomalies, adhere to regulatory requirements, and maintain financial accuracy and integrity. Through this guide, we will define what expense…
Lead generation is the heartbeat of all businesses. Without an effective lead-generation process, any business cannot grow and sustain for long. Traditionally, lead generation was done either manually or through marketing campaigns. However, today, most businesses generate leads online by getting prospective clients to visit their websites and share details to start a conversation. …
Contracts are a gold mine of data, but manually digging for it is a nightmare. It's slow and error-prone and keeps your team from more important work. That's where automated contract data extraction shines. Automated contract data extraction quickly and accurately grabs critical data from your contracts using AI and OCR. It saves you time…
Spreadsheets like Excel have long been a staple for account reconciliation, but their limitations are becoming increasingly evident. Issues such as version control, formula errors, and manual data entry pose significant risks to accuracy and efficiency. According to the ACCA, over 90% of spreadsheets have significant errors, despite over 90% of spreadsheet users being confident…
General Ledger Reconciliation The General Ledger (GL) is a silent custodian of a company's financial narrative. It is a record of all financial transactions of an enterprise and provides a comprehensive account of the organization's monetary activities. However, the GL is not the sole repository of financial data. Businesses maintain a multitude of other financial…
Extracting pages from a Word document is a common task that most of us need to perform occasionally. Whether you're working with invoices and need to extract specific fields like names and addresses, or you're dealing with contracts and want to extract particular clauses, being able to extract pages or parts of a Word document…
We have a very big and exciting update to share with you. Over the past few months, I have been publishing many of my AI insights and experiments on Substack. One of the things that LLMs are exposing is the role that psychology and bias play in creating and interpreting information. Information isn’t passive. It’s…
Content marketers increasingly use artificial intelligence (AI) tools. What are some of the biggest cybersecurity risks of this approach and how can you manage them?
Data Leaks
“A December 2023 study found 31% of people who use generative AI tools had put sensitive information into them. Such behaviours could compromise clients’ data, making it…