So you’re still processing invoices manually, huh? That's no way to live. If you’ve come here in search of a better way, you won’t be disappointed. Maybe you’ve heard terms like OCR and IDP thrown around and are looking for a little more information to help you get started. I’ll answer questions like What is OCR invoice processing? How is IDP different from OCR? And is one always better? Let’s get into it.

In the intricate world of finance, numbers are more than mere figures; they are the threads that weave the tapestry of a company’s story. Financial statements, though essential, often hide critical narratives within their numerical maze. Extracting meaningful insights requires expertise and contextual understanding. Even the financially astute can overlook vital details buried in these reports.

Customer services now constitute one of the key distinguishing factors of banks in an ever-changing environment. With increasing customer requirements, banks must adopt and incorporate novel technological methods to provide customized services. A very promising technology in this regard is generative AI. Generative AI in core banking systems will enable banks to transform their customer services by increasing efficiencies and building meaningful customer relationships.

Next year, finance teams utilizing SAP will face unparalleled pressure due to a confluence of economic challenges. The demand for actionable insights will grow amidst a landscape marred by economic recession and escalating inflation rates. These adversities heighten the necessity for finance professionals to adeptly translate raw data into strategic guidance.

insightsoftware is thrilled to be recognized as a Niche Player in Gartner’s 2023 Magic Quadrant (MQ) for Financial Planning Software. It is an honor to be recognized for the first time in this highly competitive space. Earning a place in this MQ is a testament to our commitment to delivering the best budgeting and planning solutions for our customers.

Follow this formula to streamline financial statements and automate data for accurate financial analysis.

The 2023 banking industry crisis left a lot of us unsettled and more worried than ever about customer retention. We all want to feel confident our customers will continue to choose us, but how? Start by giving them a great experience. Business process management (BPM) can help you meet and exceed customer expectations while improving operational efficiency and managing regulatory compliance. If you're Googling "bpm in banking," you're not alone. It's an approach to improving organizational processes.

Of the many things one might take for granted, access to banking and financial services may not immediately come to mind. But as a thought experiment, imagine trying to buy a home or a car without the ability to take out a loan. Try depending on cash payments from your employer, or relying on alternative banking solutions like short-term payday loans, check-cashing services, and prepaid debit cards.

In today's dynamic financial landscape, threats are not only escalating but also rapidly evolving. At the same time, regulators impose stricter transparency and compliance requirements on financial institutions. So, how can decision-makers navigate this challenging environment, with relentless cyber threats coming at them from one side and rising regulatory demands from the other?

Over the past few decades, consumers increasingly accepted digital tools as they helped save time, manage funds securely, and track and control their finances efficiently, leading to the growth of Fintech companies. According to some reports, the Fintech Industry is projected to become $1.5 Trillion by 2030. NA has the largest share of the market in Fintech across the globe. US Fintech as a service market size is expected to grow at a compound annual growth rate (CAGR) of 17.5% from 2023 to 2030.