Nanonets

APRIL 3, 2024

Fraud Detection and Prevention: Through vendor reconciliation, businesses can detect discrepancies that may indicate fraudulent activities such as overbilling, duplicate invoices, or fictitious vendors. All line items must be reviewed for errors in vendor names, invoice numbers, payment amounts, and terms.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

Nanonets

NOVEMBER 27, 2023

By definition, netting is the act of combining multiple financial obligations between two or more parties and paying a net payment amount. In this netting process, all the debts between both entities are netted, creating a single payment amount for one business to pay the other. ” you’re not alone.

Payment Amount 52

Payment Amount Venmo Settlement Process 52

Nanonets

SEPTEMBER 21, 2023

By leveraging advanced optical character recognition (OCR) technology, the software accurately captures invoice details such as invoice number, vendor name, payment amount, and due date, facilitating efficient invoice management. Protect executives from payment issues by implementing strong internal controls and anti-fraud measures.

Accounts 40

Accounts Best Practices Automation Reconciliation 40

Nanonets

FEBRUARY 19, 2024

Whether your dealings are generic or involve specific transactions such as rent payments or service charges, opting for a receipt book with custom fields tailored to your needs can streamline your process. The Advantage of Duplicate/Triplicate Copies : Using a multi-copy receipt book means more than just giving customers their copy.

Duplicate 52

Duplicate Automation Checks Transactions 52

Nanonets

MAY 30, 2023

 It is a plastic-free card that allows customers to generate single-use 16-digit numbers authorized for a specific payment amount. Error elimination: Automated ePayments can eliminate duplication and overpayment errors because they can be connected to automated invoice management.

Payment APIs and Integration 52

Payment APIs and Integration Credit Cards Payment Reconciliation Online and Mobile Banking 52

Nanonets

JULY 25, 2023

Complete and accurate financial accounting simplifies tax obligations, auditing, and valuation processes. This eliminates the need for manual data entry into procurement systems, as Nanonets swiftly and effortlessly extracts crucial details like supplier names, invoice numbers, and payment amounts.

Financial Analysis 52

Financial Analysis Payment APIs and Integration Assessments Automation 52