Contract management tools can help businesses keep track of their contracts and improve efficiency. As a business grows, the number of contracts it has with customers and suppliers also grows. This can lead to administrative problems if not handled correctly. Contract management is the process of overseeing all of these agreements in an efficient manner….
The digital transformation of the workplace is upon us. What does this mean for your business? It means that the way we work is changing, and businesses need to adapt in order to stay competitive. One of the most important aspects of this digital transformation is cognitive automation. Cognitive automation plays a pivotal role in…
AI and unstructured data go hand-in-hand because AI is uniquely suited to help us make sense of unstructured data. Unstructured data is information that doesn’t have a predefined structure or format, making it difficult for traditional software programs to process and extract value from it. This includes things like text, images, audio, and video. On…
Every business, no matter how big or small, needs to have an effective accounts receivable process in place. This is because the accounts receivable department is responsible for bringing in money that is used to keep the company running smoothly. Intelligent document processing can help to reshape your accounts receivable process in a number of…
As digital natives, Millennial and Gen Z consumers expect the convenience of digital services in every area of their lives – including when it comes to their finances. They are quickly reshaping the financial services industry as they demand more innovative and convenient products and services. Legacy institutions are scrambling to keep up, implementing intelligent…
The COVID-19 pandemic is having a profound impact on businesses of all sizes and in all industries. One trend that has emerged in the wake of the crisis is the increased adoption of digitization and automation. In surveys of top executives, more than two-thirds say their companies have accelerated their adoption of digitization and automation…
Machine learning and artificial intelligence (ML/AI) are terms that get tossed around a lot lately, sometimes interchangeably. They both deal with computers’ ability to learn from data without being explicitly programmed. But there is a big distinction: machine learning is mainly about analyzing past data to make predictions about future events, while artificial intelligence involves…
Chief financial officers (CFOs) may be more visible than ever before, and the alliance between a CEO and his or her CFO has become the most important relationship among managerial teams. But what do CEOs really require of their finance chiefs in today’s business climate? Naturally, this is influenced by a variety of factors such…
There are many different types of invoices a business can send or receive for its clients. The type of invoice you choose or receive will depend on your industry, how you bill for your services, how often you plan to get paid, and/or the terms of the contract. Depending on the type of client and…
In a world where businesses are constantly competing for the attention of modern consumers, it’s more important than ever to focus on delivering a satisfying customer experience. And if you’re looking for ways to improve your customer experience (CX), artificial intelligence (AI) is your best bet. AI technology is growing more and more sophisticated every…
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