Advanced Accounting Automation Software: Discover the best accounting automation software and the real benefits of automating your accounting functions.

Advanced Accounting Automation Software: Discover the best accounting automation software and the real benefits of automating your accounting functions.

Today, the accounting automation software removes some of the manual data entry from accounting functions and does it automatically. At the same time, the software automatically generates various reports based on the entered data in various forms, customized to the needs of the decision maker, therefore we will bring into the light some advanced accounting automation software and the benefits of using the latest automation tools within your organisation.

Advanced Accounting Automation Software and Accounts Automation Benefits

You no longer need to create complicated accounting files in Excel with complex formulas, and with just one subscription you can find some useful trending and advanced accounting automation software as described below that will do all these tasks in minutes. Read below about same of the most advanced accounting automation software that can automate processes for every accounting function, from sales or purchase postings to bank integration and automated payment gateways that link directly to your records, and so on.

There are many benefits to automating your accounting functions.

Save time with accounting automation software.

The main benefit of using advanced accounting automation software is time saving on various repetitive accounting tasks that were previously done manually which was time consuming on low value repetitive tasks. Using accounting automation software gives you more time for more important tasks and frees valuable time for other, more important business operations.

Increase data accuracy.

When manually entering large amounts of data, there are many opportunities for human error, as we know that humans are error prone. At the same time, finding and correcting these types of errors takes more time, which means additional costs for the company.

On the other hand, most of the popular and advanced accounting automation software available in your country or worldwide are designed and programmed to repeat a similar task in the same way. Additionally, any activity that falls outside of the automated system can be easily flagged by the system for correction or further automation against a new set of similar data.

Increase your productivity. 

You can easily see that using a preformat and advanced accounting automation software will drastically reduce your time to perform large and repetitive accounting tasks that can be done automatically in minutes, leaving more time for other high value and complex tasks that can increase efficiency in accounting the performance department. At the same time with accounting automation you can process a large amount of data in an effectively and accurate way reducing the need for manual repetitive tasks and resulting in increased productivity

Improve your financial reporting.

Some time ago, the accounting department had large amounts of physical or digital data stored in physical or digital locations. Gathering all this information into synchronized reports for different needs was a very complex task. With the help of some of the trending and most advanced accounting automation software described below, you can now organize, integrate, and synchronize all this data so that you can combine and load the data in seconds and convert it into various reports that can meet all your internal and external reporting needs.

Cloud accounting and automation gives you easy access to the data you need to analyse and make better decisions for your business.

Integrate your accounting functions.

The real benefits of using accounting automation is the easy access to integrations with other accounting automated systems that can handle most accounting automation needs. With the ability to integrate with various programs, you can expand your automation capabilities as new technologies are developed and come to market. At the same time, keeping your accounting capabilities up to date with the latest advances in accounting automation ensures your business is at the forefront of efficiency and productivity in a highly competitive industry.

Read below about some advanced Accounting Automation Software available in your country or worldwide

Nanonets: Advanced Artificial Intelligence (AI) solution for data capture.

Nanonets is an advanced accounting automation software and AI-based Optical Character Recognition (OCR) software for automatic data extraction that automates capture for processing accounting documents, invoices, receipts, etc.

The core functionality of Nanonets Accounting Automation (OCR) for accountants is supplier workflow automation that converts paper invoice data into digital invoice fields. Additionally, Nanonets accounting automation software verifies that all entered data matches sales orders and receipts, eliminating the risk of fraud and confusion. If an error is found, it is flagged and sent for correction, and after approval, the invoice is sent to the accounting system, where payment is made electronically.

Nanonets gain his trending and advanced accounting automation software status as it beside many general features it offer as well a slimline integration with QuickBooks bookkeeping program that match up your GL codes by essentially interfacing your bookkeeping books.

Nanotes computerized accounts payable is one of the most features that the program is exceedingly specialized bringing to the advertise an amazing and cutting-edge approach to the accounts payable work. With Nanotes automated accounts payable computer program you’ll be able effectively perform the capacities underneath at high accuracy.

Examined emails or solicitations, filter, capture data, and forward emails: Nanotes program naturally peruses emailed or checked solicitations and captures important data. In expansion, you’ll set up the program to send real-time notices for solicitations that require your attention.

Interface with you bookkeeping program: Nanotes accounts payable computerization computer program captures and confirms each receipt detail and syncs to your bookkeeping instruments immediately based on the programmed GL or other receipt subtle elements.

Automated approval: With Nanotes AI bookkeeping computerization computer program you’ll be able set up custom accounts payable endorsement approaches that can take in thought any combination of approvers, the spend limits and your substance approval organigram and rules.

Accounts invoice processing: Nanotes bookkeeping robotization computer program studied, capture, coordinate, and endorse solicitations with negligible manual mediation. Encourage on the program can mechanize the bookkeeping passages based on GL and receipt programming limiting the manual mediations on receipt handling at high precision.

Control checks: On of the sweet feature of the Nanotes accounting automation software is the capacity to check duplication of solicitations and hail in genuine time limiting the risk of seller fraud.

Reconciliations: An awfully demanding function for bookkeepers is the reconciliation task and mind the Nanotes you’ll effortlessly program the accounting automation software to coordinate, instalments, credit cards and bank statements with inner records.

Rossum: Slimline integration with advanced accounting automation software.

Rossum is a trending and advanced accounting automation software and App and a cloud-based data extraction technology that integrates with most cloud accounting software and helps businesses capture required information from invoices, receipts, purchase orders, etc. and integrated with Accounts Payable Accounting. A few of the finest capacities of Rossum bookkeeping mechanization computer program are recorded below:

Automate data capture: Automated document classification expels information section blunders that result in payment charges and penalties, by extricating information over all groups and channels, computerize communication to eliminate manual stream and increment accuracy and real time processing, filtering from spams and duplications, and prepare reports with an adaptable line up system.

Onboarding and KYC: Rossum accounting automation software eliminates this complexity with an end-to-end document automation platform purpose built to play down the time your organization spends on manual information entry, by decreasing manual preparing, decreasing the costs related with printed material, and dispensing with typos or other human mistake mistakes.

Order Management: Rossum understands these challenges by giving your team a complete platform to robotize already manual forms and take your archives from start to wrap up at a high speed. Utilizing Rossum accounting automation program, you will diminish costs by expanding proficiency on inputs and yields, lessening blunders that will naturally result in increment income and at the same time an increasing client experience.

Accounts Payable: Rossum accounting automation software will streamline manual efforts required to handle records and keep up high accuracy. At the same time, you’ll accomplish fast processing times, so you’ll be able take advantage of early payment rebates and superior supply chain connections whereas maintaining a strategic distance from overpayments and penalties related with blunders stemming from handling too much manual information entry.

Validation: Rossum is utilizing AI for document processing that captures semi-structured and unstructured information and with the utilize of AI and smart programming information capture engine algorithm can classify reports with changing formats.

An incredible advancement of the best trending and advanced accounting automation software and where Rossum could be a leader is the built-in reporting and dashboards where you’ll be able examine key measurements, spot patterns, and distinguish cleverly record processing optimization insights.

There is many cloud accounting systems on the market that integrate slimline with Rossum Accounting Automation Software and application. Some of the best accounting software that can integrate with Rossum and automate accounting functions are: FreshBooks, Zoho Books, Sage, Odoo, Xero, Microsoft Dynamics, Intuit QuickBooks, Oracle NetSuite.

Xero: A leader of cloud accounting technologies worldwide.

Xero is one of the most advanced cloud accounting software that comes with build in cloud accounting technology and automation solutions, and other than that with the capacity to slimline integrate with a large suite of Apps that can meet accounting and finance needs of your organisation.

Bank rules: Utilizing the Xero bank rules will spare you time and diminish human error. Xero let you set up recurring transactions rules in a simple way to get Xero to automate GL code transactions on your bank reconciliation screen, based on selected criteria.

Automated bank feeds: In numerous countries Xero permit you to put through to your bank for programmed bank feeds, and effectively sync bank and financial data. Be that as it may, you’ve got to check along with your local Xero supplier and along with your bank for the accessibility of this feature in your region.

Bank reconciliation: One of the extraordinary advancements of Xero bookkeeping automation software is utilizing machine learning calculations to control bank reconciliation predictions, so you’ll precisely foresee your transactions contacts and accounting GL codes. With a simple tap on each exchange, you may reconcile the transaction fully, and it’ll be coded to an account from your chart of accounts.

Invoicing Automation: As an accountant you know many of the transactions are repeating through the period. With Xero you’ll be able presently set up programmed receipt updates and repeating solicitations that will save you a lot of manual processing time at a high accuracy.

Sales Tax: In numerous regions Xero is programmed to naturally calculate sales tax on transactions and use reports to get ready sales tax returns. You’ll be able check for the accessibility of this arrangement together with your local Xero supplier.

Documents Administration: Another feature that place Xero as an advanced accounting automation software is that Xero Cloud Software let you store and organize documents online for quick access. The software can capture bills and receipts by means of e-mail, or scan records directly from mobile.

Automated Accounts Payable: One of the sweetest features of accounting automation software is the function of accepting documents straightforwardly from merchants inside the Xero app that will improve the billing preparing tasks by decreasing errors, streamline your receipt approval, and at the same time pulling the information in real time reports for decision makers.

Many businesses are devouring an impressive amount of time on processing tasks and Xero can be an incredible help to slimline the collaborators into one centralized platform designed to move forward the productivity, decrease mistakes that result in cost saving and a better business execution.

Intuit QuickBooks: A reliable, trending and advanced accounting automaton software.

There are numerous bookkeeping automation tools on the market that you just can utilize to coordinate your bookkeeping capacities. The awesome news is that QuickBooks is considered a smart and advanced accounting automation software mainly due to the few built-in accounting automation features, which implies you won’t require isolated automation program for the workflows we are going outline below.

Automate emailing: Answering to e-mail produce a high consumption of time and as numerous emails are similar with the use of Gmail canned responses, you’ll create naturally answers based on chosen reaction. Indeed, this is often not a completely automated process letting you to save templates and as it were select with one click the chosen response will save you a significant sum of time.

Recurring invoices: Intuit QuickBooks bookkeeping automation program have a progressed module planned particularly for overseeing repeating invoices. With the utilize of QuickBooks repeating invoices instrument, you’ll effortlessly personalize solicitations, send, or schedule payable invoices, track invoices stats and get paid on time.

Payroll: The QuickBooks payroll automation module you’ll be able program to naturally perform a lot of the payroll assignments from payslip generation, pay checks or coordinate payments, and more. Another outstanding benefits of Intuit QuickBooks accounting process automation are that in numerous countries the bookkeeping program consequently complies with payroll reporting and tax controls, giving your business with tax penalty protection. You may ought to check with QuickBooks nearby supplier for the availability of this function in your region.

Automated Reporting: Intuit QuickBooks give you an awesome reporting tool that can be customized, produce, and send programmed reports to the clients based on scheduled requests.

Tax Automation: QuickBooks accounting software consequently tracks your bookkeeping inputs and outputs and produce robotize tax forms. Subsequently, you won’t have to be worried about miscalculations or mistakes when filling your business tax forms.

Another extraordinary advantage of utilizing Intuit QuickBooks and make it a worldwide trending and advanced accounting automation software is the capacity to slimline coordinated with other Apps accessible on the market that will improve your automation processes over numerous other capacities as marketing and sales, or integration and collaboration with other partner businesses and App’s.

Oracle Netsuite: Advanced accounting automation tools for large enterprises

Oracle NetSuite is a cloud based extremely advanced and smart accounting automation software that can automate many of the bookkeeping capacities, streamlines the method of recording transactions, overseeing payables and receivables, collecting taxes, and closing the books. The accounting software enables timely, accurate reporting and greater control of financial resources.

NetSuite stores all information within the cloud subsequently facilitating fast access to your accounts from any place with web connection, at the same time giving the adaptability of your staff to work remotely from anywhere. Some of the most accounting automation benefits of Oracle Netsuite software are discussed underneath:

Automate repetitive tasks: Oracle Netsuite accounting automation software may be a brilliant device designed with inbuild capacities to automate tedious assignments, such as making journal entries, reconciling bank statements, and communicate with other divisions inside your business venture.

Cash Flow Management: Netsuite accounting software effectively integrate in numerous regions with the bank and credit card accounts therefore resulting in genuine time handling of cash flow exchanges and instant reporting of the organisation cash flow insights.

Bank reconciliations: Having the choice of integrated accounts with your banks the next step will be the automation of bank statements reconciliations and automate bank postings to your GL account. This will be a big-time saver for your organisation at the same time leveraging the benefits of greater productivity and accuracy of your reporting books.

Accounts payable: NetSuite accounting automation software came with an advanced module for accounts payable that automates the transactions checklists, endorsement, and payment of supplier invoices. At the same time the automated payable module keeps up point by point vendor records, create, and manage purchase requests and improve data accuracy by naturally matching invoices to the correct seller and purchase order.

Accounts receivable: NetSuite automates and streamlines each aspect of receipt delivery, payment processing and collections administration. The NetSuite accounting automation software provide you the benefit of more prominent productivity and accuracy by automate calculation of sales tax invoices and automate GL postings in your accounts receivable ledger. At the same time, you can set up and automate multiple payment options, discounts, and other offers to your customers.

Automated journal entries: All the bookkeepers and accountants know that there’s a lot of time spend in manual transaction processing. Here is comes NetSuite accounting automation software that can eliminate the need to manually enter debits and credits in your books and can automate the matching and posting transactions straightforwardly into your GL accounts based on programmed automations that could be custom fitted to your business specifications.

Automated Assets Register: With NetSuite automated asset register module, you’ll oversee acquisitions, depreciation, increments, disposals, and can track in real time the total asset life cycle.

Real time reporting: With real-time access to budgetary information, you’ll be able get real-time insights into various budgetary metrics, such as productivity proportions, stock margins, liabilities, fixed assets, taxes, and cash positions. Having the information at your fingerprint when required will guarantee you can remain up to date with the accounting compliance, standards requirements, payroll, and tax regulations. At the same time the software will flag inconsistencies, analyse patterns giving you the capacity to keep the accounting books in line with the most recent trends in accounting and finance.

Slimline integration: Depending on the size and needs of your organisation Netsuite accounting automation software can enhanced and integrated with a range of other applications including inventory, Human Resources, marketing, sales and more.

Microsoft Dynamics 365: An international advanced accounting automation software solution for accounts automation.

Microsoft Dynamics 365 is a cloud powered international accounting software able to use the automated accounting capacities over diverse departments of your enterprise either locally or internationally. Giving the cloud bases power software with Microsoft Dynamics 365 accounting automation software you’ll effortlessly coordinated a few of the foremost vital bookkeeping capacities as we’ll depict underneath:

Automated data input and output: The Microsoft Dynamics 365 accounting automation software comes with an inbuilt usefulness that allows you to program repeating transactions based on rules that apply on accounts receivables, payables, and other bank transactions generating automated entries within the account’s common records with just a few clicks. At the same time the computer program is producing significant reports in genuine time that are required from the organisation decision makers or other stakeholders.

Automated emails and notification: The finance function of your organisation can expend to other divisions as marketing, sales, or human resources and here a enormous bargain of communication between divisions inside or with the outside partners will consume a lot of time with sending manual e-mail, notifications, and replies. Here it comes Dynamics accounting automation software, that deliver you the possibility to program automated recurring emails and notifications taking away a part of time spent on manual communication across the organisation or externally.

Automated accounts payable: Accounts payable may be one of the foremost time-consuming functions of your finance departments. With Microsoft Dynamics 365 bookkeeping automation software you’ll program automated invoice, input within the account’s general ledger, and in this way, you’ll automate the receipt approval and payment handling whereas diminishing the dangers of human mistakes and at the same time keeping your payments up to date as per the organisation prerequisites and schedule.

Automated accounts receivables: The accounts receivable is a vital function of your association as this will straightforwardly affect the sales and income of your business. Utilizing the Dynamics 365 bookkeeping automation program tools you’ll be able effortlessly produce tax ready invoices, send notifications to clients to remind of late payments, and automate the posting of transactions in your GL accounts.

Bank feeds integration, reconciliations, and GL postings: Dynamics 365 accounting automation software is exceedingly competitive when it comes integration with bank feeds, automated bank reconciliations and automated GL postings of bank transactions. In other words, with Dynamics 365 you’ll program all the bank handling workflow from bank feeds integration to GL postings whereas getting the benefits of time savings, and increased accuracy.

Automated real time reporting: Dynamics 365 could automate tools integrate different divisions of your business hence upgrading the capacity to create in genuine time smart reports for a wide extend of user needs form budgeting and forecasting to sales and marketing reporting insights and analysis.

One more sweet feature of Dynamics 365 accounting automation software that we would like to specify is the user-friendly dashboard, effortlessly to customize which can turn your information into meaningful insights, and all in one place.

Wave: Friendly accounting software used by small business owners.

Wave is user friendly accounting software used by small business owners, consultants, bookkeepers, and tax preparers with low budget, Wave offering a free accounting software bundle for the basic accounting module. In addition, Wave is coming with a suite of could base financial software designed to assist small businesses manage payroll, expenses, payments, invoices and more.

With Wave you can automate numerous functions of your business through slimline integrations with other instruments as we are going describe below:

Wave with Google Drive: Google Drive is a cloud storage and backup platform that allow you to access records, docs, photographs and more. You can store them in a safe place on the drive, and at the same time collaborate with other people. With Wave Google Drive integration tools, you’ll interconnect slimline whereas enhancing the Wave operational benefits for your organisation.

Wave with PayPal and Stripe: Numerous businesses are using PayPal and Stripe to pay them merchants and Wave comes here with a incredible feature for coordinate integration of PayPal and Stripe to Wave accounts receivable that will replace manual entries for PayPal and Stripe accounts receivable. Therefore, that might diminish your organisation costs significantly.

Wave with Gmail and Microsoft Outlook: Communication and keeping track of emails and notifications whereas collaborating with other parties is an exhausting process that require a lot of time. Now with Wave you can integrate and automate a few of the recuring emails and notifications straightforwardly with Gmail and Outlook in fair a couple of steps. In this wat you’ll progress the productivity of communication over numerous of your business departments from accounts payable and receivables to sales and marketing.

Wave with HubSpot CRM: Wava accounts receivables can get extraordinary benefits of accounting automation of sales department by integration with HubSpot CRM which is one of the leading CRM planned to eliminate manual work and help sales teams.

If you’re looking to find more integrations of Wave cloud accounting software with other apps, then one of the best alternatives is the use of Zapier services. Zapier API integrations are designed to offer a straightforward and fast integration tool between many valuable App’s within the market.

FreshBooks: One of the best alternatives for freelances or small businesses.

FreshBooks bookkeeping program is one of the best alternatives for freelances or small businesses particularly because it is affordably priced, is straightforward to use and has a feature-rich platform that allows users to send invoices and accept payments quickly and easily.

One of the most prominent features of FreshBooks that rings it in the top list of the most trending and advanced accounting automation software is that FreshBooks Payments lets your clients pay directly through invoices and automatically records each payment in your account. FreshBooks accounts receivable is quick, easy, secure, and perfectly integrated with PayPal and Stripe.

The automation of repeating payments is another feature of FreshBooks that will give a real boost to your accounts payable and especially if you’re using Memberships and Subscriptions. Recurring payments allows you to automatically charge a client’s credit card or bank transfer details on a regular basis through a recurring invoice, and after that payment is taken automatically.

There are numerous other benefits of using FreshBooks accounting software in your venture due to may automation options as time tracking, payroll, real time reporting and more. In other words, FreshBooks accounting software could be a capable toll that could bring a great bargain of features and enhancements to your financial division.

Zoho Books: Advanced automation across the organisation departments.

Zoho Books is an online accounting software that offer an awesome bargain of accounts automation of most of the financials and auxiliary interrelated departments of any organisation. The bookkeeping software Zoho Books comes with an advanced module designed to effectively set up a wide range of rules that can automate various functions inside the organisation departments from accounts payable and receivables to sales and marketing.

Zoho Books Automate Banking: With Zoho Books accounting automation software you will get the advantage of completely integrated workflow of bank movements. You’ll effortlessly import the bank feeds from PayPall, Stripe, HSBC or other banks into your accounting software that subsequently will let you perform automated bank reconciliations, and automated GL postings. In any case, we suggest you check along with your nearby Zoho supplier for the availability of fully bank integration in your county or worldwide.

Zoho Books Automated Quotes, Invoices, Credit Notes and Payments Received: The automations features conveyed by Zoho Books accounting automation software are a great way to upgrade your account receivables and sales function within your organisation. You can instantly benefit of a module that can easily be utilized to program the automation for instant generation of quotes, tax prepared invoice, credit notes, and bookkeeping of payments received.

ZohoBooks Automated Expenses Management: With ZohoBooks you may get the advantage of effortlessly execution of automated purchase orders and invoices GL postings, automated receipt approval and payments to supplier and other vendors.

Zoho Book and Zoho CRM: One of the foremost effective tools Zoho brings to the market is the Zoho CRM that’s a comprehensive sales, marketing and client support tool that can easily integrates with Zoho Boks in a single system.

Zoho Book Automated Reporting: Taking in consideration the Zoho smart suite of tool that are designed to be effortlessly included to your fundamental accounting devices and can interconnect different business departments. Zoho Books will have the advantage of advanced reporting that can generate insights not only at the accounting level but as well at the at the operational and corporate level.

There are many other integration Zoho Book offer through the Zoho suite of modules that can be added and used by your organisation as your business require. The modular Zoho approach will give you the adaptability to spend only for the Apps you would like to keep, and at the same time your accounting software costs will stay optimized and in line with your company needs.

Odoo: A cutting-edge international advanced accounting automation software.

Odoo is a cutting-edge accounting software that comes with powerful inbuild advanced accounting automation software tools and an advanced AI powered data capture system that slimline integrate to your accounts. Odoo is an international and one of the leaders within the accounting automation software providers around the world, that comes with a few of the foremost capable Artificial Intelligence (AI) accounting and finance tools. We’ll be happy to layout underneath a few of the most prominent features Odoo bookkeeping automation program brings to the accounting automation industry.

Odoo Bank Synchronization: Odoo accounting automation software integrates with many of the banks around the world. However, you’ll need to check along with your Oddo local provider to see the alternatives you’ve got in your region.

Odoo Artificial Intelligence (AI) Bank Reconciliation: Odoo utilize the control of AI to automatically match the bank transactions with the financial records. Typically, a great addition to the automation of your bank reconciliation process that will essentially diminish mistakes and will spare a lot of time spent on reconciling the transactions.

Odoo Artificial Intelligence (AI) Mobile App: Odoo comes with a mobile app that can effortlessly track and post expenses directly to your GL accounts. You merely need to take a picture of the expenses receipts and let the Artificial Intelligence (AI) and Optical Character Recognition (OCR) inbuild devices do the rest for you.

Beside numerous other features Odoo brings to the market one of the most characteristics that makes Odoo accounting automation software truly extraordinary is that can be adopted by numerous countries around the world and can be effortlessly pre-configurated to most of the country’s particular requirements.

Sage: A popular and user friendly and trending advanced accounting automation software.

Sage Accounting Software could be a driving accounting solution for all sorts of small businesses, from sole traders and consultants, up to start ups, small and mid sized businesses. Sage Business Cloud Accounting is an online well known trending and advanced accounting automation software that gives you access anytime and from anyplace to your financials. Sage comes at the same time with many accountings’ automation inbuild solutions, some of them described below.

Automated data capture: Sage Auto Entry solution uses Optical Character Recognition (OCR) technology to capture the information from your client’s transactions. In addition, each extraction is naturally verified for accuracy, so you’ll be certain each entry is free of human errors.

Automated data entry: Sage Automated data entry solution will save hours of manual data entry by automatically and precisely capturing the information from your clients’ bank statements directly into your bookkeeping general ledgers (GL)

Electronic Document Management: Sage Invoice Automation (PIA) solution that uses intelligent Optical Character Recognition (OCR) innovation to capture information from paper invoices and other records will automatically integrate with the Electronic Document Management (EDM) that’s another incredible expansion of Sage accounting automation software package.

Sage become a while ago a trending and advanced accounting automation software especially due to it’s automation of accounts payable (AP) that will keep track of invoices, eliminate manual work, avoid double payments, or late payments to suppliers and other vendors. Using the Sage Account Payable (AP) automation software will help your organization remain on top of the cash flow and pay their invoices in an organized, timely manner, and at the same time will minimize cost, human error, and risk. As a result, organizations can free up time and resources, whereas speeding up the accounts payable process with the Sage AP automation software.

At the same time Sage can be effortlessly integrate with other accounting software and financial apps leveraging the use of automation of many other function and tasks over other departments of your venture as the business require for a stronger control, accuracy and improved efficiency.

Keep up to date with the most advanced accounting automation software and see how the new developments can tailor to your business needs while increasing your efficiency and effectiveness.

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