Tag: OCR
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Global Sugar Markets vs. Local Sugar Markets
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If you trade in commodities or track their prices, it’s likely that you have seen two different quotes for sugar trading on US futures markets. While three different types of wheat are traded in the United States, why should sugar be different? However, there is a difference between sugar and…
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What is claims reserve?
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A claims reserve is an account created by an insurance company to pay for future claims. When a claim is settled, the insurer pays from the claims reserve. Definition and Example of Claims Reserve A claims reserve is an account created by the insurance company to pay for future claims.…
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The Importance of Transitioning to Payment Account Automation and Its Challenges
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In an era of rapid digital transformation, automation has become an essential part of modern business models. However, some areas remain hesitant to adopt these technologies, including accounts payable/receivable (AP/AR) management. In this article, we will explore the reasons many companies resist converting their manual processes to AP automation and…
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Smart Travel: Innovations and Transformations Towards a Seamless and Sustainable Experience
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The travel industry is among the most rapidly evolving fields in our modern era, where technology intersects with human experiences to provide various services that meet travelers’ needs. Alongside technological advancements, there is a pressing need for smart travel; a concept aimed at enhancing the travel experience through leveraging modern…