FloQast

MAY 13, 2024

From automated bookkeeping and bank reconciliations to AI-driven tax preparation and audit processes, these new technologies enhance efficiency and accuracy and give accountants more time to focus on higher-level, more strategic work. This technology offers an immutable ledger, reducing fraud risks and ensuring a clear audit trail.

Accounts 52

Accounts Technology Cybersecurity Audit 52

Nanonets

APRIL 29, 2024

Balance sheet reconciliation software offers built-in compliance checks and audit trails, ensuring adherence to regulatory requirements and mitigating the risk of non-compliance penalties. Accuracy and Data Integrity : Accuracy is paramount in balance sheet reconciliation. SOC 2, GDPR) to safeguard sensitive financial data.

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Compliance 52

Nanonets

APRIL 23, 2024

Audit Trail : NetSuite's account reconciliation module maintains a detailed audit trail of all reconciliation activities, including user actions, transaction changes, and approval history. Real-time reporting enables proactive decision-making and ensures financial transparency.

Reconciliation 52

Reconciliation Accounts Multi-Currency Audit 52

EBizCharge

OCTOBER 25, 2023

Unsecured Networks and Systems Companies with unsecured networks and out-of-date systems are at a higher risk of data breaches. Therefore, businesses must secure their networks and systems to prevent unauthorized access by deploying strong encryption, setting up firewalls, ensuring accurate user authentication processes, and more.

Best Practices 52

Best Practices Data Breach Breach Phishing 52

EBizCharge

AUGUST 16, 2024

Enhanced security: E-invoicing provides a higher level of security with data encryption and secure transmission protocols, minimizing the risk of invoice fraud. Audit and compliance: Digital records facilitate easier auditing and ensure compliance with tax regulations, as digital data can be archived and retrieved efficiently.

Legal 52

Legal Process CRM Faster Payments 52

EBizCharge

AUGUST 23, 2024

Mistakes in data entry, calculations, or categorization can lead to inaccurate financial records, which may require additional time for corrections and audit. Automated accounting: Reduces the risk of human error by automating calculations and data entry. Accuracy Manual accounting: Prone to human error.

Automation 52

Automation Accounts Encryption Transactions 52

Core

MARCH 19, 2024

Manual payment processing typically lacks sufficient controls when it comes to documentation or audit trails, making it challenging to detect fraudulent transactions. Reliance on Manual Processes Many local governments still rely on manual payment processes, which are prone to human error even without intentional manipulation.

Fraud Detection 52

Fraud Detection Governance Government Compliance 52

Segpay

JUNE 13, 2024

Compliance with Industry Standards Your business should comply with industry bare minimums like Payment Card Industry Data Security Standard (PCI DSS). PCI DSS compliance sets industry requirements that safeguard payment card data using encryption, firewalls, and regular security audits.

Best Practices 40

Best Practices Processors Transactions Security 40

Nanonets

NOVEMBER 15, 2023

Automate reporting and audit trails With paper-based systems, these tasks often require more time and effort. You'd have to sift through stacks of invoices, receipts, and other documents, manually entering and cross-referencing data to generate reports. This way, you can focus more on strategy and less on manual data entry.

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

Nanonets

JUNE 13, 2024

Maintaining an accurate audit trail is crucial for your company to avoid potential penalties which auditors may flag. Audit Trails: Maintain a detail record of reconciliations in the past, ensuring transparency into the health of your financial processes. Secure : Xero is secure, with data encryption and two-factor authentication.

Reconciliation 52

Reconciliation Automation Accounts Close Processes 52

Nanonets

SEPTEMBER 23, 2023

This not only saves time but also minimizes the risk of data loss. When it comes to security, accounting software offers enhanced measures to protect sensitive financial data. With password-protection, user permissions, and data encryption, businesses can ensure that their financial information remains secure and confidential.

Small Business 52

Small Business Accounts Compliance Automation 52

Exact Payments

JULY 1, 2024

Our software partners transmit merchant data to our APIs using Transport Layer Security (TLS) encryption. TLS encrypts data during transit and offers enhanced security features to combat man-in-the-middle (MiTM) attacks. The encrypted data is then written to our database. We implement TLS 1.3,

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

Nanonets

APRIL 19, 2023

End-to-end AP solutions may offer a host of benefits beyond the AP manager's work, including improved vendor relationships, simplified audits, and optimized cash flow. Look for software that offers robust security features such as data encryption, password protection, and multi-factor authentication.

Accounts 52

Accounts Payment APIs and Integration Automation Process 52

Nanonets

SEPTEMBER 21, 2023

Automated systems can enforce control measures, flag potential risks, and generate accurate and auditable records, reducing the likelihood of compliance issues and associated penalties. Another significant benefit of finance automation is the real-time visibility it provides into financial data.

Automation 52

Automation Finance Assessments Compliance 52

EBizCharge

JUNE 4, 2024

Ensure the selected payment gateway complies with the Payment Card Industry Data Security Standards (PCI DSS) to protect your customers’ payment information. Regular audits and updates are crucial to maintaining a secure payment environment, as well as educating your team about the best practices for handling sensitive data.

Credit Cards 52

Credit Cards Process Payment Gateways Gateways 52

FloQast

JANUARY 22, 2024

For example, grocery technology company Instacart moved from using Google Sheet checklists for month-end Close to an automated system that provided a complete audit trail of changes. The traditional method also has a lot of paper documentation to use as an audit trail. And the audit trail is also attached and quickly recovered.

Automation 52

Automation Reconciliation Audit Accounts 52

The Finance Weekly

JUNE 5, 2024

Facilitate data-sharing with stakeholders using APIs, ETL connectors, and built-in integrations. 8) Security Top-tier security and compliance measures, including BYOK, role-based access control, user management, SSO support, and data encryption at rest.

AI 52

AI Audit API Data Encryption 52

Nanonets

JULY 21, 2023

In addition to accelerating the reconciliation process, reconciliation software also enables an audit trail, significantly improving transparency and accountability. Once approved, the reconciled data is securely stored in a centralized database, ensuring an auditable trail.

Reconciliation 52

Reconciliation Payment APIs and Integration Automation Audit 52

Fintech Labs Insights

FEBRUARY 10, 2017

With Vera for Mail , Palo Alto-based data security specialist Vera gives businesses the ability to protect and audit corporate communications, restrict sharing, and revoke access to sent emails. With Vera for Mail,” said Vera co-founder and CEO Ajay Arora, “the days of email leaks are finally over.”.

Security 20

Security Audit Data Encryption Cybersecurity 20