Financial Services Industry

What’s the Difference Between Accounts Payable vs Accounts Receivable

What’s the Difference Between Accounts Payable vs Accounts Receivable

ByDecision Engines

When it comes to a company’s financial health, the accounts payable and accounts receivable are two of the most important aspects to look at. Accounts payable is what a company owes to its suppliers, while accounts receivable is what the company expects to receive from customers. Both are important in order to maintain a healthy…

How Digitization and Automation are Driving Businesses in the Era of COVID-19

How Digitization and Automation are Driving Businesses in the Era of COVID-19

ByDecision Engines

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…

How RPA and AI are Changing the Financial Services Industry

How RPA and AI are Changing the Financial Services Industry

ByDecision Engines

RPA and AI are changing the Financial Services Industry by automating finance processes. This is done by using software bots to automate tasks such as data entry, finance report generation, and invoice processing. Finance teams have used robotic process automation (RPA) for years to automate finance processes and improve the speed, efficiency, and accuracy of…