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Bookkeeping vs. Accounting: What’s the Difference?

inDinero

You might wonder how bookkeeping vs. accounting differs when managing a business’s accounting. Bookkeepers are chiefly responsible for accurately recording and organizing transactions, while accountants add value by synthesizing that information into actionable insights and financial projections. What Does an Accountant Do?

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Reducing administrative burden in the healthcare industry with AI and interoperability

IBM Services

Establishing a clear interoperability framework is foundational to enabling administrative simplification , one of the five provisions of the Health Insurance Portability and Accountability Act of 1996 (HIPAA). CMS recognizes the importance of FHIR in advancing interoperability and national standards to reduce administrative burden.

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How Outsourcing Accounts Payable Boosts Financial Efficiency?

Magellan Solutions

Are you tired of dealing with supplier invoices, vendor payments, and other messy accounting tasks? Many businesses still manage accounts payable the old-fashioned way, which is full of manual work and has the potential for human errors. However, there is a strategic solution to these problems—outsourcing accounts payable.

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A New Wave Of Governance: Automation Within The Public Sector

Zinnov

In essence, considering the immense records and public assets maintained by various government agencies, digitization, specifically Intelligent Automation within Robotic Process Automation (RPA) has become the core enabler for advanced accuracy and transparency in the public sector service delivery and performance. It does this by: 1.

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IBM Cloud inactive identities: Ideas for automated processing

IBM Services

Regular cleanup is part of all account administration and security best practices, not just for cloud environments. Moreover, we discuss how the different identity types can be removed from an account. Some readers provided feedback and asked on how to proceed and act on identified inactive identities.

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From Accounting to IT: 5 Ways Offshore BPO Transforms Your Business

Offshore India Data Entry

By leveraging external offshore bpo service providers to handle key business functions like accounting, HR, and IT as well as data entry and data processing , organizations can reduce costs, free up internal resources, accelerate growth, and drive innovation. Take finance and accounting as an example.

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Top 5 Back-Office Functions That Should Be Automated

Automation Anywhere

Disruptive technologies – like intelligent automation (RPA+AI) – are helping chief experience officers (CXOs) re-invent their business operations by bringing in optimizations. According to EY estimates, automation of back-office work could provide companies with savings of about 20% to 60% of baseline full-time employee (FTE) costs.