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nominalcoding

AI and Nominal Coding: Smarter, Faster, More Accurate Invoice Processing

Nominal Coding Whilst PO-based invoices typically derive their nominal or GL coding from the ordered items, overhead or expense-based invoices without a PO may require additional coding steps. Traditionally managed manually by the Finance team, there are now several more automated approaches available: AI Nominal Coding The success of AI-driven options largely depends on the… Read More »AI and Nominal Coding: Smarter, Faster, More Accurate Invoice Processing

Streamlining Purchase-to-Pay in Education: Simplifying Nominal Coding with Large Language Models

Different vertical sectors come with their own unique requirements. In this post, we explore how large language models (LLMs) can play a transformative role in education settings by streamlining the Purchase-to-Pay process. The Purchase-to-Pay journey often begins with a requisition, where users raise requests for purchases. Before these requests can be approved and converted into… Read More »Streamlining Purchase-to-Pay in Education: Simplifying Nominal Coding with Large Language Models