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Tag: Technology

Nov 14, 2024
eNews

From PDF to portal: Modern invoicing methods

Over the past 25 years, businesses have increasingly moved from paper-based invoicing to digital and automated invoicing systems. The shift suggests that the invoicing process will eventually be completely paperless.
Oct 31, 2024
eNews

Beware of outdated credit application processes

In the realm of credit management, each department operates under its own set of mysterious guidelines and formats for credit applications. While some cling to the familiarity of paper documents, others embrace the digital age with online portals, creating a patchwork of practices that can leave customers confused and frustrated.
Oct 10, 2024
eNews

AI revolutionizes financial statement analysis

Financial statement analysis has traditionally been a labor-intensive task for credit managers, involving extensive manual review of documents to assess creditworthiness. However, artificial intelligence (AI) can transform this process by automating data analysis, improving accuracy and delivering real-time insights.
Sep 11, 2024
eNews

Excel vs. Power BI vs. Tableau: Which tool is right for you?

Microsoft’s Excel has long dominated business data organization with its efficiency and simplicity. However, with the advent of Microsoft Power BI and Salesforce’s Tableau, data organization has transformed significantly.
Aug 15, 2024
eNews

How to ethically train AI

The rapid development of artificial intelligence has created a plethora of opportunities across the world, from aiding healthcare professionals with diagnoses to planning itineraries for vacation—or simplifying everyday tasks through automation processes.
Aug 8, 2024
eNews

AI revolutionizes construction industry

Artificial Intelligence (AI) is transforming the construction industry by revolutionizing how projects are designed, managed and executed. Through advanced machine learning, data analytics and automation, AI enhances efficiency, reduces costs and improves safety on job sites.
Jul 25, 2024
eNews

Rising fraud risks in B2B trade

Automation and technological advancements have gained a significant presence in everyday credit processes—whether to provide easier ways to receive payments, communication with customers or overall efficiency. However, technological innovations always come with risk.
Jul 25, 2024
eNews

Artificial intelligence: Fact or fiction

Breakthroughs in technology over recent decades have ranged from the World Wide Web and personal computers to wireless phones and now apps for everything; all transforming the world we all once knew. Oftentimes, new discoveries and advancements are met with skeptical thoughts.
Jul 19, 2024
Blog

State of AR Automation 2024

🎙️ On today’s episode of Extra Credit, we delve into the evolving landscape of the invoice-to-cash process and explore how automation and artificial intelligence are reshaping credit management.