Inai

DECEMBER 15, 2023

Every business, big or small, performs regular reconciliation of their financial records for accurate accounting. However, businesses must ensure their reconciliation processes are efficient to achieve the best results, minimize accounting errors, and plug any revenue leaks. And this blog is there to help.

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Nanonets

MAY 7, 2023

Do you know what credit card reconciliation is? Many people need to learn what credit card reconciliation is and why it's essential. After the pandemic, business credit card payments showed a strong positive trend, with a market evaluation of $14.1 What is credit card reconciliation? Let’s see.

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PYMNTS

MARCH 10, 2020

Australian cross-border FinTech unicorn Airwallex is integrating with New Zealand’s cloud-based accounting platform Xero , Airwallex announced Tuesday (March 10). The collaboration is aimed at assisting Airwallex’s small- to medium-sized business (SMB) customers to easily handle local and global payments. and EU on Airwallex. “As

Payment Reconciliation 52

Payment Reconciliation Reconciliation Cross-Border Multi-Currency 52

Fintech News

JULY 31, 2024

Nium’s new local currency account services provide businesses, digital platforms, and marketplaces with a more efficient and cost-effective way to receive payments, eliminating the need for local entities or additional operating accounts.

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Cross-Border Payments Cross-Border Payment APIs and Integration Wire Transfer 124

Nanonets

MARCH 29, 2023

What is Accounts Payable? Accounts payable (AP) refers to the amount of money a company owes to its vendors, suppliers, and creditors for goods and services received but not yet paid for. It is a liability on the company's balance sheet, representing the company's obligation to make payments to its creditors.

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Accounts Reconciliation Automation Payment Reconciliation 52

Nanonets

FEBRUARY 1, 2024

In the rapidly evolving business landscape, the efficiency of Accounts Payable (AP) processes is no longer just a back-office concern but a strategic imperative. Accounts Payable (AP) automation is the use of technology to streamline and improve the process of managing a company's bills and payments owed to others.

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Fintech Finance

SEPTEMBER 25, 2024

Countering this status quo, Apron enables business owners and their accountants to receive, sort, approve, pay and reconcile invoices in seconds. Through its proprietary payments platform, Apron enables customers to pay anyone, whether its employees or suppliers anywhere in the world.

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Fintech Finance

AUGUST 1, 2024

Nium’s local currency account offering makes it faster and more cost-effective for businesses, digital platforms, and marketplaces to receive money in the desired country, either for their business or for their customers, without having to manage the complexity of setting up a local entity or opening and managing additional operating accounts.

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Nanonets

APRIL 30, 2023

Implementing the necessary procedures to maintain records and promote accuracy within your payroll function relies on creating an effective payroll accounting system. What is Payroll Accounting? Payroll accounting definition Payroll accounting calculates, distributes, and tracks employees’ compensation.

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Payroll Automation Accounts Reconciliation 52

Fintech Finance

FEBRUARY 21, 2024

Kani Payments , the disruptive global data reconciliation and reporting platform, today announces a strategic partnership with issuer processing and core banking platform Pismo. The post Global Data Reporting Pioneer Kani Payments Partners with Pismo appeared first on Fintech Finance.

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Nanonets

NOVEMBER 15, 2023

Switching to paperless  accounts payable  is intimidating. Consider this:  Levvel Research  found that 50% of businesses grapple with late payments and missed discounts due to protracted approval cycles. Based on the numbers, it is evident that a transition to a paperless accounts payable system is necessary.

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

Nanonets

NOVEMBER 14, 2023

Accounts Payable (AP) processes are an important function for every business, overseeing the outgoing payments to suppliers and vendors. Global Payments : AP automation solutions facilitate seamless global payments, managing different currencies and compliance with international payment regulations.

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Accounts Automation Compliance Fraud Prevention 52

The Fintech Times

AUGUST 4, 2024

Nium’s local currency account offering makes it faster and more cost-effective for businesses, digital platforms, and marketplaces to receive money in the desired country, either for their business or for their customers, without having to manage the complexity of setting up a local entity or opening and managing additional operating accounts.

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Cross-Border Wire Transfer Cross-Border Payments Wires 59

Nanonets

NOVEMBER 20, 2023

As companies navigate the complexities of accounts payable, the demand for efficiency, accuracy, and security has never been more critical. Get ready to revolutionize your approach to accounts payable and discover the keys to a razor-sharp, automated future. Approval is sought before proceeding with the payment process.

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PYMNTS

MARCH 31, 2020

The solution identifies fraud and risk, bolsters decision making, automates manual work and eliminates accounts payable (AP) process errors. This intelligence helps improve future routing accuracy, streamlines payment reconciliation processes, and maintains data hygiene in the ERP,” the release stated.

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Accounts AI Duplicate Payment Reconciliation 53

Nanonets

OCTOBER 18, 2024

Imagine turning your often-overlooked Accounts Payable department into a strategic powerhouse. In the new era of Accounts Payable— every invoice processed should be a step towards long-term success. 5 Tipalti Midmarket + Enterprise Global payments automation with tax compliance 4.5/5

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Fintech News

JANUARY 30, 2024

In Asia, dominant past trends heading into 2024 include big tech firms having developed payment services based on e-wallets, which allow users to pay with their smartphones via QR codes or NFC. These e-wallets are linked to bank accounts, credit cards, or prepaid balances.

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PYMNTS

JUNE 10, 2020

The new partnership will combine “global open banking initiatives, Samsung SDS’ Nexledger Universal platform and Credorax’s industry expertise” in order to provide automatic payment reconciliation, remittances and invoices for B2B payments.

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PYMNTS

FEBRUARY 11, 2020

The Royal Bank of Canada (RBC) is the first Canadian financial institution to offer businesses Interac eTransfer: Bulk Request Money for the efficient management of accounts receivable (AR), RBC announced Tuesday (Feb. We’ve digitized the manual reconciliation process and eliminated the need for expensive, paper-based [checks].

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Automation Reconciliation Fraud Detection Payment Reconciliation 57

PYMNTS

JULY 8, 2020

Before Autobooks, First Bank would recommend quality accounting software to clients, but clients often found it cumbersome to download transactions and work with financial information, according to the release. Jon Moen , director of Product at First Bank, said the bank is still committed to working with smaller firms.

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Nanonets

APRIL 18, 2023

In this article, we’ll provide a detailed look at how ACH payments work , why they’re better than checks or cards, and how to get started with ACH. How do ACH payments work? ACH payments are electronic fund transfers used to move money between bank accounts in the United States. Book a 30-min live demo now.

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Nanonets

APRIL 6, 2023

Finance Automating finance-related workflows, such as invoice processing and payment reconciliation, can reduce manual data entry, improve accuracy, and reduce processing times. Nanonets can be used to automate invoice processing and payment reconciliation.

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Automation Payment APIs and Integration Payment Reconciliation Reconciliation 52

Nanonets

APRIL 10, 2023

Managing financial records is a crucial aspect of the job of an accountant or bookkeeper. And last but not least, the majority of accounting automation software requires input files to be in Excel format. Automate invoice approvals, invoice review, invoice payment reconciliation , and invoice payments with automated workflows.

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Automation Payment Reconciliation Financial Analysis Reconciliation 52

PYMNTS

MARCH 27, 2019

Accounts payable (AP) automation company Tipalti is expanding its reach into the market by partnering with three new B2B companies, which will extend Tipalti’s solutions to their own customers. The enhanced integration aims to strengthen control and communication for both ends of the transaction.

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Nanonets

MAY 8, 2024

Introduction to Stripe Reconciliation Every digital purchase is a complex interplay of entities—Customers, Merchants, Acquirers, and Issuing Banks—that orchestrate the flow of funds.   What is Stripe Reconciliation? Bank statements : These statements validate the money movement claimed by Stripe in your bank account.

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Nanonets

SEPTEMBER 29, 2023

But bottom-performing organizations take a week or more, and this metric—the cycle time between receiving invoices and making payments—is reflective of how efficient a company’s Accounts Payable (AP) process is. Streamlining vendor payments is thus an important part of any business’ financial operations.

Payments 52

Payments Reconciliation Automation ACH 52

Nanonets

APRIL 16, 2023

Introduction As we continue to move into a paperless society , business accounting is on a transformative journey. Companies have begun to actively invest in software solutions that digitize their accounts payable workflows. It also helps to strengthen vendor trust as the payment process is transparent to all.

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Automation AI Accounts Reconciliation 52

PYMNTS

OCTOBER 17, 2017

17), Visa said it is tackling that issue through a new partnership with accounts receivable (AR) and cash management company Billtrust. Together, the companies will enable streamlined payment reconciliation, facilitated by automated virtual card (v-card) payments in a solution built for financial institutions and their corporate clients.

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PYMNTS

DECEMBER 15, 2020

Because consumer transactions continue to rely on cash, the accounts receivable (AR) and accounts payable (AP) processes within the supply chain can be fragmented. And while Gordon noted that he's seeing more paper checks being used to settle B2B transactions, the payment method is far from ideal.

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PYMNTS

JUNE 16, 2020

In healthcare, the data needed for payments reconciliation rests within a patient accounting system, which in turn sits inside an electronic health record. Far-flung, back-end systems mean that accounts receivables and cash flow management is less than optimal. Older patients, he said, may prefer to write checks.

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Checks Payments Payment Reconciliation Reconciliation 67

Nanonets

SEPTEMBER 22, 2023

It allows for seamless integration with accounting systems, simplifying reconciliation and enhancing the accuracy of financial records. 2.   Invoice Tracking : Invoice management software   provides real-time visibility into the status of invoices, enabling businesses to track and monitor payments efficiently.

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Nanonets

DECEMBER 25, 2023

A Guide to Stripe QuickBooks Integration The integration of payment processing and accounting systems is not just a convenience but a necessity for efficiency and accuracy in financial processes. Two of the most powerful tools in these realms are Stripe for payment processing and QuickBooks for accounting and financial management. 

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Finance Payment APIs and Integration Best Practices Automation 52

Nanonets

FEBRUARY 8, 2024

By streamlining the accounts payable cycle with Artificial Intelligence and automation-centric tools, AP teams can reap the benefits of airtight data accuracy, seamless invoice processing , and downstream collaboration with other teams or business processes. This makes for an easy on-ramp for your teams and your vendors alike.  

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PYMNTS

AUGUST 2, 2017

In a press release, the companies announced they have expanded a online payment solution to include automated reconciliation. According to the companies, the integration gives Xero’s more than 1 million subscribers greater choice of payment services, more cash flow control and enhanced efficiency through automation.

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PYMNTS

SEPTEMBER 21, 2018

That includes payment solutions provider MarketInvoice , which collects funds from the buyer within 24 hours of the invoice confirmation. It then enables sellers to have their funds deposited into their bank accounts for a small fee. Lessons In Tuition Payment Reconciliation. Sidebar: Reaching Globally, Thinking Locally.

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PYMNTS

OCTOBER 1, 2020

The recent work-from-home environment further proved the importance of having integrated, cloud-based billing, invoicing and electronic payment acceptance – especially as remote transactions have become daily necessities. There is also growing demand for better accounts receivable (AR) management, he added.

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Embedded Payments B2B Payments Legal 56

PYMNTS

APRIL 13, 2018

Small business accounting company Sage announced an integration with payments software platform Stripe in the hope of accelerating payments to small and medium-sized businesses (SMBs). This means businesses can send electronic invoices to their customers and receive faster payment via credit and debit cards in the U.K.

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