VISTA InfoSec

FEBRUARY 16, 2024

The requirement mandates that software development procedures must be documented and examined to ensure that all security considerations are integrated into every stage of the development process. Verification involved examining software-development procedures and interviewing personnel. . The updated requirement of PCI DSS v4.0

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Nanonets

AUGUST 1, 2023

Internal audits play a crucial role in assessing a company's internal controls, corporate governance, and accounting processes. To address these challenges and unlock operational efficiency, organizations are turning to internal audit automation.

Audit 52

Audit Automation Bots Risk Assessment 52

Nanonets

AUGUST 17, 2023

Accounts Payable Automation is the solution to the problems of manual AP management and can optimize the procure-to-pay workflow for financial teams. In contrast, companies with end-to-end AP automation and the highest level of process maturity paid only $1.45 The move towards AP automation requires careful planning and execution.

Automation 52

Automation Accounts Payment APIs and Integration Procedures 52

Nanonets

APRIL 11, 2023

In this blog post, we will discuss the challenges faced by commercial lenders today, the pain points in the loan process, and how loan automation can address these issues to deliver significant benefits to all stakeholders. This disjointed communication results in inefficient information exchange and slows down the loan origination process.

Origination 52

Origination Automation Risk Assessment Underwriting 52

The Finance Weekly

JULY 19, 2022

These cutting-edge tools aid teams in streamlining, automating, and improving the accuracy and efficacy of tactical and strategic initiatives. Their cloud-based solution allows you to automate the collection of information from all spreadsheets, platforms, and departments with fast and easy implementation - no IT department required.

CRM 240

CRM Finance Database Automation 240

Fintech Finance

MARCH 3, 2025

Issued by Ernst & Young (EY), a leading independent auditing firm, the SOC 2 Type II certification is a rigorous assessment for operating effectiveness of a service providers internal controls. For SMEs, Antom Copilot eliminates complexities by automating the payment integration process and offering intelligent recommendations.

Fraud Prevention 52

Fraud Prevention Fraud Detection AI Risk Management 52

The Finance Weekly

MARCH 1, 2022

According to the FP&A Maturity assessment model, there are five stages representing the evolution of FP&A: 1. The lack of formal FP&A structure, processes, and procedures characterizes the lagging stage, which is common among newly founded startups. However, most companies do not do this in one big leap forward.

Finance 130

Finance Procedures Best Practices Process 130

FloQast

OCTOBER 21, 2024

There sure is: Automated bank reconciliation. Automating your reconciliations both limits the possibility of errors and significantly cuts the time and effort needed. For accounting professionals, implementing a solid automated bank reconciliation process can change the way they approach financial operations within their business.

Reconciliation 52

Reconciliation Automation Process Best Practices 52

EBizCharge

APRIL 7, 2025

Assess current usage and dependencies on GP Assessing your current usage and dependencies on Dynamics GP is a critical first step when preparing to transition, especially with Microsoft ending support for the software. You should also compare other ERP solutions, assessing subscription licenses, reporting tools, and ease of use.

Assessments 52

Assessments Risk Processors Security 52

EBizCharge

MAY 14, 2024

Automated billing transforms how businesses handle their finances, offering a seamless and error-free approach to invoicing and payments. With its foundations in digital efficiency, automated billing could be the financial game-changer your company needs. What is automated billing? How does automated billing work?

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

Fi911

DECEMBER 19, 2023

Initially reliant on automated and rule-based systems, financial institutions are now turning to machine learning for more effective fraud detection. ML-enabled tools and procedures are introducing predictive analytics, real-time fraud detection, and automation to dispute management at the banking level.

Fraud Prevention 92

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 92

The Payments Association

JANUARY 29, 2025

Outdated risk assessments, limited awareness of emerging risks, and failure to adjust processes during operational changes, like customer migrations, left gaps that allowed high-risk transactions to bypass scrutiny. Internal assessments categorised Nordeas overall AML risk as critical, yet systemic upgrades were not prioritised.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

Nanonets

MAY 30, 2024

Automation has become a cheat code in recent years, with each business function improving efficiency and moving away from manual, repetitive roles to more strategic roles. Procurement automation today is indeed capable of automating and streamlining each step of your procurement workflow. What is Procurement Automation?

Automation 52

Automation Process P2P Compliance 52

Fintech Review

JUNE 18, 2024

Standardize portfolio management procedures and segregate duties to minimize operational risk. Assess operational risk regularly. Best Practices for Hedge Fund Operations Implement strong governance and oversight. Avoid costly errors and regularly lapses. Invest in leading-edge fund management software. Maintain comprehensive records.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

Nanonets

SEPTEMBER 21, 2023

Finance automation  is revolutionizing the way businesses manage their financial processes, streamlining operations, and maximizing productivity. Key areas that can benefit from automation include  accounts payable ,  accounts receivable ,  spend and expense management , and  financial reporting.

Automation 52

Automation Finance Assessments Compliance 52

EBizCharge

MAY 13, 2024

Tools like AR automation can streamline these operations. This article will explore the benefits of collections automation, including how it can improve cash flow and overall efficiency for businesses. When businesses automate payment collection processes, they can significantly enhance their cash flow and overall financial health.

Automation 52

Automation Disputes Payments Process 52

The Finance Weekly

OCTOBER 13, 2021

Assess what your clients want. When it comes to changing a business model, it's necessary to rethink how key performance indicators are assessed and tracked. Determine who is the owner of each business procedure. So, how can businesses take advantage of automation to speed up the financial close?

Risk Management 130

Risk Management Risk Automation Close Processes 130

Stax

DECEMBER 4, 2023

TL;DR An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. An effective AML compliance program must include Know Your Customer (KYC) protocols, transaction monitoring and reporting, risk assessment and categorization, and training and awareness for staff.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

The Finance Weekly

NOVEMBER 20, 2023

Data Aggregation Automation Ranked as the top feature, involves using AI to gather and combine information for FP&A teams. This capability aids in assessing strategic options and understanding their financial consequences, facilitating informed decision-making.

AI 130

AI Finance SWIFT Risk 130

Nanonets

APRIL 4, 2023

With the rise of digital mailroom automation technologies, companies can streamline their mail processes, increase efficiency, and reduce costs. Read this guide to learn more about how your business can leverage automated mailrooms to improve operations and boost productivity. What is mailroom automation?

Automation 52

Automation Correspondent Process AI 52

Nanonets

AUGUST 1, 2023

The era of automation has brought about a revolution in various industries, and the audit sector is no exception. The financial services industry, particularly in Internal Audit, has emerged as a pioneer in embracing automation and analytics. What is audit automation?

Audit 40

Audit Automation Risk Assessment Assessments 40

Nanonets

MARCH 21, 2023

How to Start Automating the Purchase Order Workflow The complete purchase order workflow listed in above section can be automated. Purchase order automation can help in this step by allowing users to create and submit purchase requests electronically, thereby reducing manual effort and eliminating the need for paper-based requests.

Automation 52

Automation Process Payment Gateways Addressing 52

Nanonets

MAY 10, 2023

Data Entry software makes life easier by automating the most tedious part of any job, copying or scraping data from one interface to another. A better way to deal with data is to use data entry software to automate the most tedious, error-prone manual processes. Top data entry software for advanced automation in 2023 #1.

Automation 52

Automation API Database AI 52

Fintech News

JULY 24, 2024

Zero Touch emphasises the importance of automation in reducing human error and increasing operational efficiency. By automating routine tasks and decision-making processes, banks can free up human resources for more strategic, value-adding activities. Finally, the Evaluation stage ensures continuous assessment and improvement.

Finance 117

Finance Risk Mitigation Automation AI 117

Nanonets

AUGUST 1, 2023

Over the years, the auditing landscape has undergone remarkable transformations, and among the most significant advancements has been the advent of audit automation software solutions. So, what is audit automation software, and what are the popular tools that are used for audit automation today? How does audit automation work?

Audit 40

Audit Automation Risk Assessment Payment APIs and Integration 40

Nanonets

MAY 31, 2023

Technologies such as machine learning and natural language processing have revolutionized the finance function by automating and streamlining various financial procedures. According to Insider Intelligence , automating financial tasks with AI has the potential to save North American banks $70 billion by 2025.

AI 122

AI Finance Fraud Detection Mitigation 122

Nanonets

JUNE 19, 2023

We will also cover how automation helps to streamline the AP audit procedure. An accounts payable audit is an in-depth assessment of a company's accounts payable records and procedures. By performing routine accounts payable audit procedures, businesses can uphold their financial integrity.

Audit 52

Audit Accounts Procedures Compliance 52

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. PayFacs also handle risk assessment, underwriting, settling of funds, compliance, and chargebacks. Payfacs need to have regular AML screenings and strictly implement KYC procedures.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Nanonets

AUGUST 21, 2023

B2B payment automation involves everything from the automation of capturing and processing invoices to making payments to vendors and reconciling those payments in your books. B2B payment automation is a game-changer for businesses of all sizes. B2B payment automation is a game-changer for businesses of all sizes.

B2B 52

B2B Automation Payment APIs and Integration Payments 52

PYMNTS

JANUARY 27, 2020

This task will become more difficult as real-time payments demand increases, causing PSPs to rapidly perform security procedures. This month’s Deep Dive examines how the right automation tools and strategic approaches can help PSPs keep up with current and emerging challenges. Identity Verification and Confirmation .

AML 62

AML Service Provider Real Time Payments Money Laundering 62

Nanonets

APRIL 30, 2023

Looking to automate payroll processes? Try Nanonets and automate employee onboarding, reimbursements, payment, and approvals with no-code workflow s. Implementing the necessary procedures to maintain records and promote accuracy within your payroll function relies on creating an effective payroll accounting system.

Payroll 52

Payroll Automation Accounts Reconciliation 52

FICO

MARCH 24, 2021

Evolution of traditional trade finance models from paper and process-intensive models to a data-driven, automated decisioning mode. Here are some quick tips to keep you focused on your priorities: Review Risk Assessments and adjust internal controls as needed. Other Risk Considerations. Set clear and realistic priorities.

Money Laundering 98

Money Laundering SARS Financial Crimes Fincen 98

PYMNTS

NOVEMBER 4, 2019

Modern AR tools can alleviate those administrative burdens while providing faster, more secure collections procedures. Customers may dispute invoices or argue that they were promised deductions, and workers facing such situations must assess those claims’ validity. Virtual Terminals and AI .

Automation 40

Automation Technology Accounts Disputes 40

Stax

JANUARY 15, 2024

Follow these tips to stick to federal regulations: Refer to federal regulations when drafting internal policies and procedures. Conduct regular internal audits—preferably on an annual or biannual basis—to assess ongoing compliance with federal regulations. Process automation. Each level has specific compliance requirements.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

EBizCharge

JUNE 20, 2024

Establish an effective dispute management procedure Establish clear dispute management protocols to ensure any AR discrepancies are handled quickly and effectively. For example, a company can implement a dispute management procedure that includes the following steps: Step 1.

Best Practices 52

Best Practices Accounts Disputes Procedures 52

Fintech News

JULY 4, 2024

The insurance industry stands to benefit from AI’s prowess in risk assessment and claims processing, while asset managers can leverage AI for more sophisticated portfolio allocation and algorithmic trading. One promising application is in ‘nowcasting’ – using real-time data to assess current economic conditions.

Central Bank 103

Central Bank AI Correspondent Bank Correspondent 103

PYMNTS

DECEMBER 9, 2020

The practical applications for AI extend far beyond credit risk assessment and detection, however. Reaching out to AI firms for assistance is only the beginning of a complex set of procedures that banks must follow to ensure they are getting the most out of their AI strategies, however.

Credit Risk 98

Credit Risk AI Risk Fraud Detection 98