PYMNTS

NOVEMBER 23, 2020

The latest JAGGAER software release offers new artificial intelligence (AI)-based ways of measuring risk and optimizing the purchasing process, a press release says. It will give the user a series of choices meant to hone in on their individual preferences, with each use helping the AI system to better learn their preferences.

Risk 70

Risk AI Risk Assessment Assessments 70

The Fintech Times

FEBRUARY 14, 2024

As AI and ML play an increasing role in automation, certain capabilities are becoming more common in AP automation solutions. AI-enhanced OCR capture: Artificial Intelligence can correct common image issues. AI-enhanced OCR capture: Artificial Intelligence can correct common image issues.

Automation 103

Automation Process Duplicate Compliance 103

Nanonets

MARCH 15, 2024

In this article, we dive into what actual AI automation looks like (and why it isn’t as straightforward). Introduction There is simply no escaping the fact that AI is the most talked about topic on the internet in 2024.

Automation 59

Automation AI Accounts Duplicate 59

Nanonets

SEPTEMBER 1, 2023

AI is wonderful for automating manual work, but automating business processes is not just as straightforward as a 1-line prompt. Let's dive in: Introduction There is no escaping that AI will be the most talked about topic on the internet in 2023. Tools like ChatGPT are incredible at answering your questions.

Automation 52

Automation AI Accounts Duplicate 52

PYMNTS

AUGUST 14, 2020

This month’s Deep Dive examines how the pandemic is changing AP practices and encouraging corporate buyers to adopt cloud-based systems and artificial intelligence (AI)-powered AP automations. AI-powered tools can help detect such issues and send alerts when they occur, however. Working Efficiently From Home .

Process 106

Process Duplicate Automation AI 106

Nanonets

JUNE 7, 2023

While Chat-GPT may be able to pass the CPA exam and generate incredible walls of text, true AI automation looks different (and isn’t as straightforward as a 1-line prompt). Introduction There is simply no escaping the fact that AI is probably the most talked about topic on the internet in 2023. Where do you start?

AI 52

AI Accounts Duplicate Automation 52

Nanonets

JUNE 7, 2023

While Chat-GPT may be able to pass the CPA exam and generate incredible walls of text, true AI automation looks different (and isn’t as straightforward as a 1-line prompt). Introduction There is simply no escaping the fact that AI is the most talked about topic on the internet in 2023.

Automation 52

Automation AI Accounts Duplicate 52

Nanonets

SEPTEMBER 25, 2024

In this article, we’ll explore applications of AI and automation for bank statement processing. In recent years, AI-powered software tools using natural language processing (NLP) and machine learning (ML) have revolutionized this process.   💡 Best practices:  1.

Process 52

Process AI Best Practices Reconciliation 52

Fintech News

MAY 14, 2024

The convergence of exponential increases in processing power, continuous advancements in deep learning and neural networks, and the democratisation of AI tools has fueled a creative explosion in digital media. They successfully opened 54 bank accounts and obtained 90 loans between July and September 2023.

Deepfake 114

Deepfake Authentication Verification AI 114

The Finance Weekly

AUGUST 18, 2024

Key Features Chen believes that AI will transform the roles of FP&A professionals, automating routine tasks and elevating the importance of finance. Currently, Runway has implemented a waitlist for its AI features , and interested users must register to gain priority access upon launch.

Duplicate 130

Duplicate AI CRM Addressing 130

PYMNTS

JUNE 22, 2017

We think roughly 30 percent of duplicate payments are the result of some sort of vendor master issue, either as a duplicate vendor or some other error associated with vendor master,” the executive explained. AP departments must go further, and machine learning, AI and other sophisticated technologies can get them there.

Duplicate 48

Duplicate AI Audit Automation 48

PYMNTS

MARCH 31, 2020

Tipalti CEO and Co-Founder Chen Amit said in the release, “The importance of AI in business finance is only going to increase, and we will be adding new capabilities to Tipalti PI over time to support the needs of our customers. ” Tipalti Pi is created to help during the payable process such as by optimizing payables workflow.

Accounts 53

Accounts AI Duplicate Payment Reconciliation 53

Evolve Payment

OCTOBER 22, 2024

Table of Contents We’ve all seen the convincing fake videos of politicians and prominent business influencers created by AI. These AI-created images, videos, and audio content, called deepfakes, showcase how advanced AI generation tools have become. Why Selfie Verification?

Deepfake 98

Deepfake Verification Fraud Detection AI 98

Nanonets

OCTOBER 9, 2024

  Read more: How to use AI in bank statement processing How does the bank statement verification process work? Artificial Intelligence (AI) and Machine Learning (ML) : AI-powered tools can detect patterns, spot discrepancies, and flag suspicious transactions that might indicate tampering.

Verification 52

Verification AI Reconciliation Payment APIs and Integration 52

PYMNTS

MARCH 28, 2019

Automated expense report auditing company AppZen is introducing a new spend auditing platform to analyze supplier invoices using artificial intelligence (AI).

AI 46

AI Audit Agreements Duplicate 46

PYMNTS

NOVEMBER 11, 2020

Into that void steps artificial intelligence (AI)-powered liquidity management systems. percent of finance leaders are evaluating or investing in AP and AR automations, with 67 percent focusing specifically on AI- and ML-powered systems,” per the new Playbook. A recent survey found that 74.2 Platforms Streamlining Mass Payables.

Automation 87

Automation Void Treasury Duplicate 87

PYMNTS

OCTOBER 30, 2019

The new Workflow Spend Playbook highlights the latest solutions, including automation and artificial intelligence (AI), that are helping SMBs keep drivers and workers operating smoothly. Deploying technology – especially AI – can streamline the auditing process and boost cost savings significantly. AI can flag 8.7

Automation 41

Automation AI Audit Duplicate 41

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. AI-powered inventory and liquidity management are growing more prevalent in the corporate world, and they offer a number of advantages.

Liquidity Management 87

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

Nanonets

APRIL 16, 2023

Looking for an AI based AP Automation solution? Verify bank accounts Automate approvals Instant vendor notifications Check against blacklists OCR and Machine Learning AI & OCR Technology in AP Automation At the start of the invoice management cycle, documents must be scanned so the data can be captured and entered into the system.

Automation 52

Automation AI Accounts Reconciliation 52

PYMNTS

JANUARY 18, 2019

In another report, AppZen debuted a report titled “The State of AI in Business Spend.” The firm said companies that leverage artificial intelligence (AI) when it comes to their expenses are able to audit 100 percent of expenses within a short period of time.

Business Email Compromise 69

Business Email Compromise Scams Audit Payroll 69

Nanonets

JUNE 19, 2024

Errors in logging payments correctly, duplicates, or missing entries may lead to incorrect reporting. Duplicate Payments: Without regular reconciliation activities, there is always a risk associated with processing payments twice. AI document processing captures and extracts documents from multiple sources.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

PYMNTS

AUGUST 19, 2019

Deploying technology — especially artificial intelligence (AI) — can streamline the auditing process and boost cost savings significantly. As AppZe n noted in a recent report titled “The State of AI in Business Spend,” companies that do not use AI audit only 10 percent of their spending.

Audit 56

Audit AI Regulatory Compliance Duplicate 56

PYMNTS

DECEMBER 18, 2020

Sixty-seven percent of respondents were actively adopting AI and machine learning or considering doing so, and 74.2 This is a time when spend management and assorted AI-powered solutions are crowding the marketplace – and with good reason. Additionally, duplicate payments are just as serious and will impact the buyer’s cash flow. “An

Automation 64

Automation Process AI Payments 64

PYMNTS

NOVEMBER 6, 2020

Sixty-three percent of businesses in the United Kingdom have received duplicate invoices , for example — with 33 percent mistakenly paying them — 58 percent have had to pay suppliers’ late fees, and 90 percent have been pestered by suppliers demanding payments.

Duplicate 62

Duplicate Procedures Automation Treasury 62

Nanonets

APRIL 16, 2023

Errors at the start of the invoice processing workflow can snowball into serious outcomes such as over-payment, incorrect payments, invoice duplication, etc. Artificial intelligence (AI), computer science's "Holy Grail" in the words of Bill Gates, mimics human judgment and behaviour to match POs, invoices, and receipts.

Automation 52

Automation AI Duplicate Accounts 52

Fintech Labs Insights

MARCH 13, 2025

A recent podcast with Ramp product head Geoff Charles discussed its product-led culture, layering of AI at every step of their work flows (every employee uses AI every day), and the latest expansion into the deposit side. The process leverages generative AI so that routine finance queries and tasks can be handled in natural language.

Push-to-Card 29

Push-to-Card AI Finance Multi-Currency 29

Nanonets

APRIL 3, 2024

In this article, we will discuss the importance of the vendor reconciliation process and the benefits of employing AI-enhanced tools such as Nanonets. Any discrepancies, such as duplicate payments or missing entries, must be identified. Automation helps to mitigate payment errors inherent in manual reconciliation processes.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

PYMNTS

DECEMBER 11, 2019

Powered by artificial intelligence (AI), Erica is tracking to carry out 100 million client requests within a matter of weeks as new features are introduced. Duplicate Merchant Charges Insight lets customers know if they were charged more than once for a purchase. BoA’s mobile app provides consumers with personalized finance guidance.

Enrollments 52

Enrollments Duplicate AI Mobile Banking 52

FICO

JANUARY 9, 2019

Today’s Deep Dive: Innovative Unsupervised Learning in AI. With machine learning and AI the focus of many firms, FICO Chief Analytics Officer Scott Zoldi went deep into how these technologies work. Here’s an excerpt: Most of the well-known applications of machine learning and computational AI involve supervised learning.

Posting 40

Posting AI Fraud Detection Non-Bank 40

Nanonets

AUGUST 1, 2023

Notably, artificial intelligence (AI) has emerged as a key disruptor, holding immense potential to reshape accounting and assurance professions. AI also plays a crucial role in detecting fraudulent activities, scrutinizing transactions, and alerting auditors to potential irregularities. How is AI used in audit?

Audit 52

Audit Risk Assessment AI Assessments 52

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

Fintech Finance

APRIL 22, 2024

Basware , a global leader in AP automation and invoice processing, has introduced AP Protect, an AI-powered solution that empowers finance teams to protect their organisations from the threat of profit loss, invoice errors and fraud. This recovered the value of $191m from a spend of $245bn.

Fraud Prevention 52

Fraud Prevention Duplicate Automation Scams 52

Nanonets

NOVEMBER 14, 2023

Now imagine coupling that integration with actionable insights propelled by AI-driven Pipeline Management Tools. This is where Nanonets also contributes as an intelligent AI driven workflow automation platform. No AI required here; just deft workflow orchestration ensuring that hot prospects never cool off on the sidelines.

CRM 98

CRM Automation AI Database 98

Segpay

NOVEMBER 20, 2024

These traits are virtually impossible to duplicate or forge, making biometric security an attractive alternative to traditional methods like passwords or knowledge-based authentication. However, AI has improved the ability of systems to accurately identify individuals, no matter the conditions.

Security 98

Security Technology Privacy Compromise 98

PYMNTS

DECEMBER 3, 2018

.” “Some of the worst examples are the manual and paper management of expense reports,” he said, adding that technology can automate adherence to company spend policy, detect duplicate expense items and beyond. First, companies must embrace automation, ePayments and other initiatives that will digitize their expense data.

Automation 57

Automation AI Duplicate Treasury Management 57

PYMNTS

NOVEMBER 10, 2017

AppZen provides a back-office solution to automate the auditing process of expense reports, using artificial intelligence (AI) technology to identify instances of fraud and error. Technologies like AI can certainly be wielded to identify and remedy these scenarios that are quite costly for the enterprise.

Duplicate 44

Duplicate Audit Email Compromise Use Case 44

Core

DECEMBER 11, 2023

While security and compliance aren’t new topics for government agencies and departments, understanding how to implement better processes and integrate AI into those practices is a top concern. If there are disparate systems and there’s not much duplicate work, then that can be a good answer for some businesses,” said Justin.

Governance 52

Governance Government Security Technology 52