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Manual vs Automated Accounts Payable Process

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According to  Business Insider Report,  44% of businesses are looking to add automation to their payables processes  as a way to capitalize on the efficiency and cost-cutting benefits it brings in, while also cutting fraud and increasing  access to payment data. Let us first understand what is Accounts Payable process, how it works presently, and its challenges: Accounts Payable means the purchase of raw materials/goods on credit for a certain period of time and are considered as Current Liabilities in Accounting terms.  The accounts payable process starts with receiving an invoice from the supplier via email, in physical form, or uploaded to a supplier portal; which is then sent to a person who may be an accountant or handling the accounts payable. Subsequently, details from invoices are extracted manually and entered into spreadsheets. After this, every invoice is subjected to a review and approval process. In an enterprise, the approval process includes veri...
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Technology Transformation in an Enterprise: Key Strategies for Success in 2023 and Beyond

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  Welcome to our special interview series, where we talk to people who have been there and done that. In this edition,  we have Ajinkya Mulay, who is the Head of Blue Ocean at AIQod. Let’s dive into his story, the obstacles he faced, his  successes, and the important lessons he has learned throughout his journey of Technology based transformation. With technologies like Generative AI taking the world by storm, businesses are under more pressure than ever to  keep their tech up to date and use the newest tools and solutions as technology continues to advance at an  unparalleled rate. Enterprise technology improvements are crucial for businesses looking to maintain their  competitiveness, increase productivity, and simplify operations. These improvements, however, could potentially  come with significant challenges, like budgetary constraints. We’ll talk about the numerous difficulties that  companies encounter when updating their enterprise techn...
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Locking the Digital Doors: Understanding Web and Mobile App Security

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  In our digital world, apps on our phones and websites we visit are like doors to a house. But just like we lock our doors to keep bad guys out, we need to protect these apps from cyber bad guys. One way we do this is through something called a Web Application Firewall, which acts like a security guard for our apps. It stops the bad guys from sneaking in and causing trouble. Another important thing to know is that these apps talk to each other using something called APIs. APIs help them share information. But if not handled carefully, they can accidentally spill sensitive information. OWASP help us understand the risks associated with these APIs, so we can make sure our apps are safe and sound. Together, let’s learn more about keeping our apps safe and our digital world secure! Web and Mobile application Security Securing web and mobile applications is crucial to protect sensitive data and ensure user safety. Here are the top 10 things to do: Authentication and Authorization : Imp...
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