The Finance Weekly

NOVEMBER 13, 2024

Typical Hurdles in Handling Accounts Receivable Accounts Receivable is the money that a business is waiting to receive from customers for products or services already provided. Billing Mistakes Errors such as wrong amounts, duplicate invoices, or missed invoices are more likely with manual invoicing.

Accounts 52

Accounts Duplicate CRM Automation 52

Fi911

AUGUST 28, 2024

By providing a structured framework, these codes not only enhance communication between the involved parties but also ensure that appropriate actions are taken to investigate and address each dispute. Issues like buyer’s remorse, fraud committed by relatives, or problems with non-returnable products lack appropriate chargeback codes.

Disputes 52

Disputes Non-Bank CHIPS Authorization 52

Nanonets

MARCH 15, 2024

Put generative AI and LLMs aside for one moment - the reality is that even entry-level AI automation can help significantly in addressing these issues. There are often multiple GL codes that apply to the same expense, split by line items/individual product codes. Why is this particularly tricky? How can AI help here?

Automation 59

Automation AI Accounts Duplicate 59

PYMNTS

JANUARY 2, 2020

Social commerce company BANKEX has launched a telegram token exchange product called TEX, which is natively built into Telegram messenger, the company announced in a release. The service shows and matches all trading orders that are made with the MainWallet ecosystem, and it can also be used with any modern messenger.

Bitcoin 52

Bitcoin Duplicate Addressing Scams 52

The Fintech Times

MAY 7, 2024

It’s been a busy week for the Bank of Ireland , which recently disclosed its criteria for classifying sustainable finance, as part of an effort to track and report on its progress and identify potential new sustainability-focused products.

Finance 59

Finance Duplicate CRM ATM 59

Nanonets

JUNE 7, 2023

Put AI aside for one moment - the reality is that any sort of automation can help significantly in addressing these issues. What’s the easiest way to 10x your productivity? There are often multiple GL codes that apply to the same expense, split by line items/individual product codes. Where do you start?

AI 52

AI Accounts Duplicate Automation 52

The Finance Weekly

AUGUST 18, 2024

This technology deeply understands user intent by observing how individuals interact with the product in their daily routines. The users noted that it effectively addresses numerous challenges, including robust GTM modeling, cash flow forecasting, and headcount planning. This is pretty typical for software and service providers.

AI 52

AI Duplicate CRM Addressing 52

Nanonets

SEPTEMBER 1, 2023

Put generative AI and LLMs aside for one moment - the reality is that even entry-level AI automation can help significantly in addressing these issues. Multiple GL codes often apply to the same expense, split by line items/individual product codes. Why is this particularly tricky? How can AI help here?

Automation 52

Automation AI Accounts Duplicate 52

PYMNTS

FEBRUARY 20, 2020

However, according to Eric Glyman, CEO and Co-founder of corporate card company Ramp , commercial card products continue to encourage businesses to spend more, not less — and they are often unable to address the particular spend management challenges of fast-growing businesses. ” The Biggest Culprits Of Waste.

Commercial Card 56

Commercial Card Duplicate Underwriting Transactions 56

Nanonets

NOVEMBER 15, 2023

This includes not just the products or services being purchased but also their prices, quantities, and any other critical specifications. The system automatically populates relevant fields such as quantities delivered, product specifications, and pricing, ensuring that the invoice is a precise reflection of the original order.

Duplicate 52

Duplicate Automation Process Facilitators 52

Nanonets

JUNE 7, 2023

Put generative AI and LLMs aside for one moment - the reality is that even entry-level AI automation can help significantly in addressing these issues. There are often multiple GL codes that apply to the same expense, split by line items/individual product codes. Why is this particularly tricky? How can AI help here?

Automation 52

Automation AI Accounts Duplicate 52

Nanonets

MAY 7, 2024

By comparing these records, businesses can identify any discrepancies, such as missing or duplicate transactions, incorrect or false amounts, or any unauthorised expenses and transactions. Credit card reconciliation helps identify discrepancies such as fraudulent transactions, duplicate charges, or unauthorised expenses.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

PYMNTS

SEPTEMBER 15, 2016

. “While many banks have started proof of concepts to explore the use of blockchain technology, BlockCypher customers are already in production,” the company said in its press release. It’s real and in production today. Developers and companies are using those apps to facilitate cross-border payments.

Blockchain 76

Blockchain Cross-Border Payments Cross-Border API 76

PYMNTS

NOVEMBER 10, 2020

A survey of 500 finance professionals found that 54 percent of businesses have sent invoices to the wrong recipients, for example, while 63 percent of businesses have received duplicate invoices. Untold sums are lost due to these issues, leading businesses to develop or seek advanced technological solutions to fix them.

Liquidity Management 87

Liquidity Management Treasury Automation Point-of-Sale (POS) 87

Nanonets

NOVEMBER 30, 2023

When warehousing teams have visibility to incoming POs, they can better manage inventory and production planning. When purchasing teams can track outstanding POs, they can help their organization avoid duplicate purchases or chase down late orders.  Figure out how much of said product or service you want, and when you need it.

Legal 52

Legal Automation Duplicate Agreements 52

Nanonets

MAY 10, 2023

By 3 way matching supporting documents, companies can detect duplicate, erroneous, or fraudulent payments to vendors. Before processing vendor payments, AP teams go over these 3 documents to verify that the product/service received by the company matches the details of what was initially ordered.

Accounts 52

Accounts Automation Duplicate Process 52

Nanonets

OCTOBER 9, 2024

Let’s explore common issues and how they can be addressed effectively. Through comprehensive solutions, organizations can enhance their verification processes and better serve their clients by addressing the legitimacy of records and the need for quicker approvals.     

Verification 52

Verification AI Reconciliation Payment APIs and Integration 52

FICO

MARCH 14, 2023

By the way, getting analytics out of the lab and into production is a common challenge in many industries, and FICO excels at helping our customers to get that done. Transformation of claims automation — digitization — should play an important part in achieving these goals.

Automation 98

Automation Rules Process Innovation 98

The Finance Weekly

FEBRUARY 11, 2024

Typical Hurdles in Handling Accounts Receivable Accounts Receivable is the money that a business is waiting to receive from customers for products or services already provided. Billing Mistakes Errors such as wrong amounts, duplicate invoices, or missed invoices are more likely with manual invoicing.

Accounts 52

Accounts Duplicate CRM Automation 52

Nanonets

NOVEMBER 14, 2023

We shall also discuss various types of E-Procurement tools and address common challenges faced by organizations in implementing E-Procurement solutions. E-Ordering : The final step involves product ordering, where employees access digital catalogs to place orders quickly, leveraging rendered contracts for easy reference.

Automation 52

Automation Process Facilitators Duplicate 52

Nanonets

JUNE 21, 2023

For example, let's consider a scenario where a company receives payments from multiple customers for its products or services. This process helps identify any missing or unmatched payments, duplicate transactions, or other errors that may impact the financial records.

Payment Reconciliation 52

Payment Reconciliation Reconciliation Best Practices Automation 52

Nanonets

APRIL 12, 2023

Mitigate financial risks : Proactive spend management helps businesses identify and address potential financial risks, ensuring financial stability and safeguarding their long-term success. In this step, organizations validate and clean the data, removing any discrepancies, duplicates, or errors.

Compliance 52

Compliance Duplicate Automation Process 52

Cardfellow

OCTOBER 26, 2022

Fraud Management PayTrace offers several fraud management options, including the ability to limit duplicate transactions with a certain time period, require certain information (such as billing address or card security code) before processing a transaction, automatically cancelling transactions that fail security authorizations, and more.

Gateways 52

Gateways Payment APIs and Integration Multi-Currency API 52

PYMNTS

JUNE 7, 2018

In a survey of B2B buying organizations conducted by SnapApp and Heinz Marketing last year, researchers found that millennial corporate buyers rank their personal relationships with suppliers as the most effective way to evaluate products and services that vendors offer. When consolidated, the list was comprised of about 24,000 companies.

Duplicate 57

Duplicate Legal Mitigation Risk Mitigation 57

Nanonets

MAY 20, 2024

Cleansing data:  Preliminary analysis is used to identify and address data quality issues such as missing data, duplicate records, data with questionable provenance, and records that contain errors. Say goodbye to data entry errors, duplicates, and inconsistencies that can skew your analysis and lead to bad decisions.

Automation 59

Automation Payment APIs and Integration CRM AI 59

Nanonets

SEPTEMBER 29, 2023

According to the American Productivity and Quality Center (APQC), the world’s top performing organizations receive an invoice and schedule payment in 2.8 Furthermore, as your business expands, managing payments becomes increasingly complex and can lead to several challenges, which need to be addressed effectively.

Payments 52

Payments Reconciliation Automation ACH 52

Nanonets

JULY 5, 2023

  It can also search within files and folders in computers and network systems to extract email addresses. Email extractors can extract data from emails in the following ways: Lead generation An email extractor helps with lead generation, checking for duplicate data, and validating contacts scraped from various sources.  

Automation 52

Automation API Database Duplicate 52

Nanonets

OCTOBER 1, 2024

These can include checks for missing fields, mismatched amounts, duplicate invoices, incorrect tax calculations, and invalid vendor information. Configure settings to catch potential duplicate invoices and prevent double payments. Nanonets stands out as an industry leader in the IDP space , addressing every AP challenge you face.

Best Practices 52

Best Practices Automation Multi-Currency Process 52

Nanonets

JUNE 27, 2024

The purpose of bank reconciliation is to: Identify accounting errors such as duplicate payments, lost checks, and other human-made mistakes during data entry. These businesses can perform weekly or daily reconciliations to monitor cash flows and address abnormalities closely.

Reconciliation 40

Reconciliation Accounts Adjustments Checks 40

Stax

NOVEMBER 11, 2024

When you’re selling products or services that cost thousands of dollars, you end up paying hundreds of dollars in credit card fees. Because check payments include not only the bank account number but also name and address, this payment method is not a recommended option. This also makes ACH payments ideal for high-value transactions.

ACH 88

ACH Checks Identity Theft Payments 88

Nanonets

FEBRUARY 19, 2024

Seller Information : This part lists the business's name, how to contact them (address, phone, email), and sometimes who sold the item or service. The Advantage of Duplicate/Triplicate Copies : Using a multi-copy receipt book means more than just giving customers their copy. Receipt Number : Each sale gets a unique number.

Duplicate 52

Duplicate Automation Checks Transactions 52

PYMNTS

APRIL 6, 2018

The record trail is far-flung and often duplicative. Those inaccuracies, for example, might include incorrect phone numbers or physical addresses, or even erroneously indicating that a provider is accepting new patients. The alliance companies, Walker explained, will publish white papers and present at conferences throughout 2018.

Blockchain 72

Blockchain Duplicate Payer Reconciliation 72

Nanonets

MARCH 14, 2024

All invoices received by a company for products or services that have been purchased from a vendor must be checked for accuracy before payment is initiated. Purchase order (PO) is a legally binding agreement issued by the purchaser to the vendor, informing of the type of product/service ordered and the quantity and prices agreed upon.

Payment APIs and Integration 52

Payment APIs and Integration Automation Correspondent Checks 52

PYMNTS

FEBRUARY 3, 2020

That means financial functions beyond banking are taking advantage of application programming interface (API) data integrations, with productivity gains particularly large for business end-users of these products and services. Unlocking Data, Unlocking Opportunities.

Payroll 73

Payroll Payment APIs and Integration Faster Payments Due Diligence 73

Nanonets

SEPTEMBER 23, 2023

Address their pain points and demonstrate how your solution can solve their challenges. Begin with a compelling opening statement that highlights the key  benefits  your product or service can provide. Focus on how it can address the client's needs and deliver value to their business.

Gateways 52

Gateways RFP Value Added Service Compliance 52

PYMNTS

NOVEMBER 24, 2020

Spanish financial firm BBVA has created a Global Commercial Cards product that lets firms have more control over the utilization of business cards by staffers. Customers appreciate having a combination of our cloud excellence to address their specific needs as well as our global vision with local care,” Kanis said. 23) announcement.

B2B 52

B2B Commercial Card Due Diligence NOV 52

Nanonets

SEPTEMBER 21, 2023

However, implementing ERP systems in the retail industry comes with its challenges, such as integration with existing systems, ensuring  data quality  and accuracy,  training employees , managing change, addressing  security and privacy concerns , and managing the costs of implementation.

Privacy 52

Privacy On-Demand Automation Addressing 52