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Introduction to accounts payable The money that a company owes to its suppliers for the goods and services received comes under the category of accounts payable. Until you have a payment due for an order, it is seen as a liability in the books of accounts and is dependant on the bill amount. Accounts payable processes are complex, repetitive, and time-consuming processes demanding great involvement from employees. Some organizations, therefore, depend on outsourcing to BPOs [...]

With the advancement of technology, we are proceeding towards such an era where human efforts can be hugely lessened with the use of artificial intelligence. RPA (robotic process automation) is a technology of that particular domain. It is mainly designed to handle laborious, repetitive tasks smoothly. What are accounts receivable? Accounts receivable is the pending transaction, which is due to be received by the owner. It is considered as a current asset in the balance [...]

There is a very interesting similarity between Robotic Process Automation and the BPO sector. Both of them are strictly interested in outsourcing the job. In the case of RPA, it's from the human workforce to their robotic counterpart. But again, that is one of the key reasons why it is becoming more and more popular in the BPO industry. Studies suggest that employing offshore resources can be a 3x costlier compared to automating the process. [...]

The development and advancement of the Internet of Things concept have led to an exponential growth of the number of smart devices connected to the internet. It is estimated that by 2020, the number of smart devices connecting to the internet will grow to about 50 billion.  Smart devices have been developed to support different human activities, including their personal affairs, financial affairs, and business affairs, which has made people’s lives more convenient. The concept of smart [...]

Accounting and financing both the profiles are known as one of the topmost job profiles across the globe. And the implementation of RPA doesn’t replace the accountants or financiers from their jobs, even helped them to lessen their workload and freeing them to step into the advisory and new strategic world.  If you are an accountant, financier, or banker, you must have experienced a delay in your work, even delay which happens always. RPA helps [...]

The previous year has witnessed the emergence of several platforms, Artificial Intelligence(AI) tools, and applications that are built on Machine Learning(ML). We compared both in this article titled, “Artificial Intelligence or Machine Learning?”. This year has also seen a lot of technological trends that have significant impacts on software, as well as the internet industry. The results are apparent in fields such as manufacturing, healthcare, agriculture, and automobile. The development of AI and ML applications [...]

Several innovations in the scientific, medical, technical, philosophical, and sociological fields have been misconstrued in their early days. They later mainstreamed after several years of their existence, sometimes spanning decades. We can go back in time to talk about instances of this event from Socrates to Nicolaus Copernicus, as well as Galileo Galilei to Darwin and the Scopes attempts. Another notable instance is that of Stem cell research which has encountered similar situations over the [...]

Robotic process automation (RPA) is quickly transforming the accounting and finance operations, quicker than any other section of advanced technology. Robotic accounting software is a frequently accepted solution for the constraints of legacy and diverse methods seen in the banking and accounting services, which have had an immediate impact on the operational performance of back-office economics services and private customers of experienced services functions. Let’s take a look at some of the RPA use cases [...]

We all know that there are two kinds of humans in our holy earth - programmers and non-programmers. The creeps called a programmer tends to be a couch potato who feeds on salted chips and diet coke, and leaves its room only when absolutely needed. And they don't bite… unless they are hungry or irritated, that is. This article is dedicated to all the programmers spread worldwide who think that the elixir called 'diet coke' [...]

If you are a .NET developer and you need to clean up free space on your hard drive then you can get 10-15 GB by uninstalling old versions of the .NET core framework. Apparently, every version of .NET Core and every update takes about 500 MB of your hard drive space. So all old versions combined may occupy 15 GB easily. If you have not bound your project to a specific version then you need [...]