Nanonets

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Automate complex business processes with Nanonets' intelligent automation AI. Draw actionable insights from unstructured data across multiple sources.

How Nanonets can help you:

Automate Accounts Payable to significantly reduce processing costs.
Optimize Supply Chain for faster order processing and improved customer satisfaction.
Revolutionize Healthcare Efficiency with quick report summarization.
Drive end-to-end process automation for various operational tasks.

Why choose Nanonets: Key features

Advanced AI engine for accurate data extraction without relying on predefined templates.
No-code platform for easy setup and management.
Decision engines for smarter, faster decision making.
Seamless integration with popular services and export options.
Commitment to data security with stringent compliance standards.

Who should choose Nanonets:

Businesses looking to automate complex manual workflows.
Organizations aiming to optimize their supply chain and accounts payable processes.
Healthcare providers seeking efficiency in patient data management.
Teams requiring easy-to-use, no-code automation tools for various business processes.

About Nanonets

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https://nanonets.com

Release Date

March 2024

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AI Workflow Automation with n8n : A Beginner-Friendly Guide

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Pipefy Announces New Generative AI Features for its Business Process Automation (BPA) Solution

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The Strategic Role of AI in Accounts Payable

By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions. Businesses continue to struggle with outdated accounts payable (AP) systems that rely predominantly on inefficient, manual processes. These traditional approaches contribute significantly to operational delays, impacting productivity throughout the source-to-pay cycle. Manual workflows can lead to bottlenecks in tasks such as invoice processing and payment execution, among many others. The need for more streamlined solutions is clear. Amid these challenges, more companies are turning to artificial intelligence (AI) to modernize their AP workflows. AI-driven automation presents an opportunity to reduce manual labor, enhance accuracy and boost overall efficiency. As firms adopt these innovations, they aim to transform AP from a source of delays into a catalyst for financial efficiency. Outdated AP systems reliant on manual processes are a persistent burden on businesses. Their inefficiencies contribute to operational delays and hinder overall productivity, affecting various stages of the source-to-pay cycle. These difficulties come as AP automation remains relatively uncommon. As of November 2023, 36% of mid-sized companies still had not automated any AP processes. Among those firms that have introduced AP automation, 44% had automated only one or two processes, and only 4.6% had automated all. In fact, delays are the norm rather than the exception. PYMNTS Intelligence research shows that nearly two-thirds (63%) of CFOs experienced delays in their AP cycles. These inefficiencies are common in areas throughout the source-to-pay cycle. For example, 15% of CFOs experienced delays in supplier onboarding, 17% in invoice matching, 18% in payment authorization, and 23% in payment execution, to name just a few. More businesses are turning to AI to improve AP processes, recognizing the technology's growing importance. With plans for automation on the rise, firms aim to boost efficiency and address staffing challenges within their AP workflows. The need for increased efficiency is especially urgent because AP teams are already overburdened. In fact, 9 in 10 CFOs say they outsource at least some of their accounting tasks, with AP being the most common area to contract out. Moreover, half of finance and accounting leaders who are not already outsourcing said they would consider it for their AP tasks. AI offers significant potential to enhance AP efficiency by automating various tasks and improving accuracy. Companies are increasingly exploring AI-driven solutions to streamline workflows, reduce manual labor and support better financial decision-making. AI has the potential to yield efficiency gains of up to 40% for AP processes. In fact, AP ranked as the accounting process that stands to gain the most efficiency through use of the technology. Among the 74% of CFOs who intend to invest in AI accounting tools by 2024, accounts payable is the most popular investment target. The integration of artificial intelligence in accounts payable processes presents a key opportunity for businesses to enhance efficiency and accuracy. As teams adopt AI technologies, they can streamline workflows, reduce manual labor and ultimately transform AP from a bottleneck into an asset. Companies that embrace these innovations stand to gain a competitive edge in an increasingly fast-paced market. Key benefits of AI integration in AP: The evidence is clear: Businesses that invest in AI for AP stand to gain more than just time savings. They can improve accuracy, enhance financial visibility and free up the capacity for higher-level initiatives. Modernized AP processes can become a catalyst for financial agility, cost savings and overall business success. Now is the time to leverage AI technologies to unlock the full potential of AP operations.

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Wed, 30 Oct, 10:28 AM UTC

Say Goodbye to Email Overload with This No-Code Automation Solution

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This dual-action approach significantly enhances your responsiveness to high-priority communications, potentially improving business relationships and outcomes. For customer support emails, the Ai email manager employs innovative AI technology to streamline the response process: 1. AI-powered responses: Using OpenAI's advanced language models, the workflow generates contextually appropriate automated responses. 2. Direct customer communication: These AI-generated responses are sent directly to customers, making sure timely and consistent communication. By automating this process, you can maintain high levels of customer satisfaction without the need for extensive manual effort, allowing your support team to focus on more complex inquiries. The system takes a unique approach to handling promotional emails: 1. Content summarization: Each promotional email is concisely summarized, highlighting key points and offers. 2. Action recommendations: The system provides suggestions for further action, such as archiving, following up, or deleting. 3. Manual review option: Unlike other categories, promotional emails don't receive automatic responses, allowing for human oversight to ensure alignment with marketing strategies. This balanced approach helps you stay informed about promotional content without cluttering your inbox or auto-responding to marketing messages. For finance and billing-related emails, the system implements a specialized workflow: 1. Content summarization: The system creates concise summaries of financial emails, extracting key information. 2. Automated forwarding: Summarized emails are automatically forwarded to the designated finance department. 3. Real-time notifications: Telegram notifications ensure that financial matters are brought to immediate attention. This streamlined process ensures that critical financial information is processed efficiently and accurately, minimizing the risk of overlooked bills or important financial communications. The n8n-powered email management system uses several sophisticated technologies: As your email management needs evolve, n8n's flexibility allows for continuous improvement and expansion: 1. Additional integrations: Incorporate new tools and services as they become relevant to your workflow. 2. Advanced AI capabilities: Use emerging AI technologies to further enhance email classification and response generation. 3. Continuous email monitoring: Implement real-time email processing to stay ahead of your inbox at all times. By embracing these potential enhancements, you can ensure that your email management system remains innovative and adapts to your changing needs. Harnessing n8n's powerful no-code capabilities enables you to create a sophisticated, automated email management system tailored to your specific requirements. This not only saves considerable time but also significantly boosts productivity, allowing you to redirect your focus towards strategic tasks that drive your business forward. With n8n, you're not just managing emails; you're transforming your entire approach to digital communication.

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About Nanonets

Related fields

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Humanlike

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Keep in touch