Nanonets

AUGUST 1, 2023

Risk Assessment: Audit automation helps auditors assess risks more effectively by identifying potential red flags and areas of concern within the data. It enables a more comprehensive and targeted risk assessment process. Complex approval workflows, duplicate alerts, and fraud detection.

Audit 40

Audit Automation Risk Assessment Payment APIs and Integration 40

PYMNTS

OCTOBER 18, 2019

Using blockchain, invoices can be tokenized and turned into smart contracts, meaning information cannot be duplicated or altered. This mitigates a range of risks, both for trading partners and their financiers.

Blockchain 41

Blockchain Duplicate Mitigation Risk 41

Nanonets

JUNE 19, 2023

An accounts payable audit is an in-depth assessment of a company's accounts payable records and procedures. Validity Assessing validity means verifying the legitimacy of AP transactions. Automation minimizes human inputs, thereby substantially reducing the occurrence of such errors and mitigating the risk of fraud.

Audit 52

Audit Accounts Procedures Compliance 52

Segpay

APRIL 16, 2024

Billing Issues: Discrepancies in billing, such as duplicate charges or incorrect billing amounts, can lead to chargebacks. PSPs may offer fraud scoring and risk assessment services to evaluate the likelihood of fraud for each transaction and flag high-risk transactions for further review.

Disputes 52

Disputes Address Verification System (AVS) Fraud Prevention Fraud Detection 52

Nanonets

JULY 25, 2023

The goal of financial analysis is twofold: to make internal assessments for managerial decision-making and to make external assessments to determine the firm's value or context. Ratio Analysis: Ratio analysis involves calculating and interpreting various financial ratios to assess a company's financial health and performance.

Financial Analysis 52

Financial Analysis Payment APIs and Integration Assessments Automation 52

FloQast

OCTOBER 27, 2023

Complete a comprehensive risk assessmen t: This includes identifying the Accounting Department’s key compliance risks, such as fraud, errors, and regulatory violations. The risk assessment should also identify the potential consequences of each risk and the controls in place to mitigate those risks.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

Nanonets

JANUARY 11, 2024

Avoid duplicates by submitting orders through the Process Orders page in Settings > Integration > Integration Partners > QuickBooks Online.   Key features include:   Shopify Fraud Assessment: Identify potential fraudulent orders by importing Shopify's Fraud Risk Assessment into ShipStation.

API 52

API Automation Database Point-of-Sale (POS) 52

PYMNTS

FEBRUARY 12, 2018

If the score meets the threshold – say, 98 percent – that has been set by the bank, then the bank pushes the $98 to Bob the builder immediately, since the risk assessment model says that P&G is more than 98 percent likely to approve it once it moves through the system two to three months hence.

Instant Payments 43

Instant Payments Push-to-Card Payments Credit Cards 43

FICO

MAY 22, 2017

While a few have been critical that it was not bold enough, most reviewers seem to be endorsing the main message, both for what it does (initiating broad self-assessments by agencies), and for what it does not do (consolidate all accountability in the DoD). This, of course, requires an assessment of risk.

Cybersecurity 45

Cybersecurity Risk Assessment Assessments Risk 45

Fintech Review

FEBRUARY 25, 2025

Fraud is another significant concern, as manual processing and the lack of transparency make trade finance susceptible to counterfeit documents, duplicate financing, and fraudulent claims. Stricter regulations, while necessary to prevent financial crimes, also contribute to slowing down approvals for trade finance transactions.

Finance 85

Finance Technology Distributed Ledger Technology (DLT) Fraud Detection 85