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Invoice validation 101: Best practices and automation tips

Nanonets

The invoice is then filed for future reference or audits, completing the validation process. However, in practice, it's often riddled with challenges that can slow down operations and lead to errors. This leads to an overpayment, which is only discovered during the next audit cycle. check, ACH, wire transfer) selected.

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Comprehensive Guide to Account Reconciliation

Nanonets

Automated Accounts Reconciliation software like Nanonets can cohesively consolidate all data sources on one platform, automate the matching logic across external data sources and general ledgers, effectively provide an audit trail, and keep the process transparent for the accounting team personnel involved.