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AI Helps Mitigate These 5 Major Supplier Risks

Smart Data Collective

Companies are using AI to better understand their customers, recognize ways to manage finances more efficiently and tackle other issues. You can leverage machine learning to drive automation and data mining tools to continue researching members of your supply chain and statements your own customers are making.

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Using Data Analytics to Optimize Your Cash Collection Approach

Smart Data Collective

Insurance companies are using data analytics to improve their actuarial processes. However, there are equally important but often overlooked benefits of using data analytics in finance. One of the best benefits involves using data analytics to improve cash collection processes. Adjust the invoice schedule.

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3 Common Payroll Errors That Can Be Resolved with AI Solutions

Smart Data Collective

We previously talked about the evolution of machine learning technology with payroll software. From recruitment to online marketing to finance, you’ve got a lot on your plate, so it’s inevitable that human error will occur at some point. You can use use AI to assess your business situation and learn more about any lesser known taxes.