Accounts receivable reconciliation is a crucial process within accounting and financial management practices undertaken regularly by a business. As transactions with customers and clients occur, businesses generate accounts receivable, which represent amounts owed to them for goods and services sold or rendered. Reconciling accounts receivable involves comparing the balances in the accounts receivable ledger with…

For over 5 decades now, optical character recognition or OCR software has most commonly been used to digitize files and paper documents. OCR applications can convert non-editable document formats such as PDFs or images to machine-readable formats that are both editable & searchable.  With advancements in AI and machine learning, some of the best OCR…

Data workflows are essential for businesses to make informed decisions and drive growth. However, managing these workflows can be time-consuming and repetitive, often involving manual tasks that drain valuable resources. Businesses often end up spending a lot of time on data preparation and cleaning, leaving little room for strategic analysis. While these tasks are necessary,…