Blog
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Rule recognition refers to technology that converts text into structured data by identifying specific patterns or rules. This technology plays a crucial role in automating document processing and data entry. Think, for example, of scanning invoices and automatically reading important data such as amounts and dates. Line recognition enables efficient … […]
Rule recognition: Applications and Prospects
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A receipts app is a digital tool that makes processing receipts and invoices significantly easier. The idea behind a receipts app is to reduce the hassle of paper receipts. By using a receipts app, users can easily digitise their receipts by taking a picture with their smartphone. These digital copies … […]
Receipts App: Smart Savings with these Practical Tips
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The current ratio is an important financial measure that provides insight into a company’s liquidity position. It measures the ratio of short-term assets to short-term liabilities. In simple terms, it shows how well a company is able to pay its short-term liabilities with short-term assets. A ratio above 1 means … […]
Current Ratio and Application in your Organisation
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When you look at purchasing and procurement, it may seem like they mean the same thing. Yet there are important differences. Procurement mainly focuses on the day-to-day purchase of goods and services. It is a practical task where you ensure the best price and delivery times. Procurement, on the other … […]
Purchasing vs. Procurement: Differences and Applications
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Realtime synchronisation refers to the technique where data is instantly updated across multiple platforms or devices as soon as a change occurs. This means that when you change a file on your computer, the changes are immediately visible on your smartphone or tablet. This kind of synchronisation is crucial for … […]
Realtime Synchronisation: Developments and Security
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An online archive is a digital collection of documents and data accessible via the internet. It allows you to find information without having to physically go to an archive. Think of historical documents, research reports or old newspapers. Online archives make it easy to store, search and access information and … […]
About Online Archive: Benefits, Operation and Developments
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The Working Costs Regulation (WKR) is a tax scheme that helps employers in the Netherlands to optimise the tax efficiency of allowances and benefits in kind given to employees. In 2024 it will allow employers to give untaxed allowances and benefits in kind, such as travel expenses, and make certain … […]
WKR in 2024: What You Need to Know
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A purchasing department plays a crucial role within an organisation. This department is responsible for procuring products and services needed by the company. They ensure that everything is purchased on time and on the best terms. This includes negotiating with suppliers, evaluating offers and concluding contracts. The aim is to … […]
Purchasing department: role and key issues
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Automatic invoice processing is a technology that helps companies streamline their financial administration. Instead of manually entering and checking invoices, this technology ensures efficient and error-free processing. The software automatically reads invoices, processes the data and integrates them into the accounting system. This saves time, reduces human error and speeds … […]
Automated invoice processing: Efficiency and savings
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An invoice flow refers to the process of receiving, processing and managing invoices within an organisation. This process plays a crucial role in the financial management of companies. A well-managed invoice flow ensures that all invoices are checked, approved and paid on time. This prevents payment delays and ensures healthy … […]
Invoice flow: Trends, Tips and the role of TriFact365