FICO

MARCH 14, 2023

Many health plans around the world have automated their management of health insurance claims to a large degree. In this post, I will touch on the current state of health insurance claims automation and common pressures for innovation in claims operations.

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Automation Rules Process Innovation 98

Nanonets

APRIL 16, 2023

Source: esker The introduction of intelligent automation into the accounts payable process minimizes the risk of manual intervention, accelerates operations, and helps maintain compliance. It’s a technology that integrates complex accounting functions and can form an integral part of your core operations.

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Automation AI Accounts Reconciliation 52

Nanonets

JUNE 19, 2024

Steps Involving Vendor Reconciliation Example of Vendor Reconciliation Challenges with Vendor Reconciliation Automated Vendor Reconciliation workflow with Nanonets Ready to Experience Seamless Reconciliation? With Nanonets, you can automate your vendor reconciliation workflow, ensuring accuracy, efficiency, and peace of mind.

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Reconciliation Process Accounts Duplicate 52

Nanonets

NOVEMBER 16, 2023

Luckily for AP teams around the world, new tools and technologies have been developed to make it easier to efficiently manage the vendor payments process.  Now, through the use of technology, many of these checks and balances can be automated , resulting in lower error rates, faster payment timelines, and a multitude of other benefits.

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PYMNTS

DECEMBER 18, 2020

financial executives found that 91 percent were investing in financial technologies intended to help with newly remote operations. The firms were especially interested in deploying automated and advanced learning technologies. percent were considering or currently spending on AP and AR automation. The poll of 325 U.S.

Automation 64

Automation Process AI Payments 64

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.

Automation 52

Automation B2B Payment APIs and Integration Payments 52

Nanonets

SEPTEMBER 25, 2024

For businesses processing thousands of bank statements daily—from insurance companies to financial institutions, bank statement processing presents a challenge and an even bigger opportunity for automation. In this article, we’ll explore applications of AI and automation for bank statement processing.

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AI Process Best Practices Reconciliation 52

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. Any discrepancies, such as duplicate payments or missing entries, must be identified. Why Automate Vendor Reconciliation?

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Reconciliation Process Accounts Duplicate 52

PYMNTS

JULY 28, 2019

Supermarket giant Kroger and online grocery retailer Ocado are joining forces to build the second of 20 planned automated warehouse facilities. Its model is being duplicated in Groveland and will continue in cities across the U.S., Kroger’s first CFC is being constructed in Monroe, OH. the release said.

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Automation Duplicate Mobile Payments On-Demand 51

Fintech Finance

MAY 21, 2024

The partnership will combine accounts payable (AP) expertise to accelerate automation and finance transformation. It will bring together Basware’s strengths in AP automation, with Deloitte’s access to its network of finance, procurement and tax experts, to drive value for customers.

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Automation Duplicate Finance Best Practices 52

PYMNTS

OCTOBER 31, 2016

The financial technology space may be getting smaller, bit by bit, inch by inch, through strategic acquisitions. In one recent announcement , Corcentric, which offers procure-to-pay technology, said that it had acquired eInvoicing firm InfoAccess.net. Against that backdrop, stated Clark, his firm will aim to be a consolidator.

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Automation Duplicate Credit Cards B2B 69

PYMNTS

OCTOBER 30, 2019

The new Workflow Spend Playbook highlights the latest solutions, including automation and artificial intelligence (AI), that are helping SMBs keep drivers and workers operating smoothly. Artificial Intelligence for Automating Expenses. percent of expenses as high-risk, tied to duplicative or unauthorized spending. AI can flag 8.7

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Automation AI Audit Duplicate 41

PYMNTS

AUGUST 14, 2020

This month’s Deep Dive examines how the pandemic is changing AP practices and encouraging corporate buyers to adopt cloud-based systems and artificial intelligence (AI)-powered AP automations. One key solution is invoice processing automation, which works to extract information from paper or PDF supplier invoices.

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Process Duplicate Automation AI 106

Nanonets

NOVEMBER 30, 2023

  Use an intelligent technology-driven, paperless AP automation system for straight-through invoice processing.    Onboard vendors and automate status notifications through a vendor portal.  An AP automation system has ERP or accounting system integration.

Best Practices 52

Best Practices Accounts Automation Electronic Funds Transfer (EFT) 52

PYMNTS

NOVEMBER 6, 2020

Sixty-three percent of businesses in the United Kingdom have received duplicate invoices , for example — with 33 percent mistakenly paying them — 58 percent have had to pay suppliers’ late fees, and 90 percent have been pestered by suppliers demanding payments. Developments From Around The World of Back-Office Optimization.

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Duplicate Automation Procedures Treasury 62

Nanonets

MARCH 22, 2023

Accounts payable outsource companies are equipped with the necessary skills, tools, and technology to integrate with an organization’s existing AP processes. Hence they might want to consider AP Automation instead. Looking to automate your manual AP Processes?

Accounts 52

Accounts Duplicate Automation Privacy 52

Nanonets

MAY 7, 2024

We will also uncover how cutting-edge automation solutions such as Nanonets can revolutionise the expense reconciliation process, unlocking newfound efficiencies and insights for businesses of all sizes. Automated reconciliation offers increased efficiency, accuracy, and scalability compared to manual methods.

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Reconciliation Best Practices Compliance Credit Cards 52

PYMNTS

JULY 10, 2020

This month’s Deep Dive examines how upgrading to automated AP processes can help SMBs gain deeper insights and make their operations more efficient and less expensive. . Automating these procedures could help, however. SMBs utilizing manual AP processes are often unable to catch invoice duplications, as well.

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Automation Procedures Process Duplicate 55

Nanonets

JANUARY 25, 2024

Automate Credit Card Reconciliation Using tools like Excel requires lots of manual intervention. If you want to scale your process, you must look into software that can automate your process end-to-end. The software will only pull relevant information from each document through OCR technology.

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Reconciliation Credit Cards Automation Duplicate 52

Nanonets

JUNE 12, 2024

In this blog, we'll walk through what purchase order management is, why it is important, how to implement it effectively, how to automate it using technology. Nanonets Intelligent Automation, and Business Process AI Blog Karan Kalra Step 2: Choose Software to maintain POs Businesses also need a system to document each purchase.

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Best Practices Automation Small Business Process 52

Nanonets

JANUARY 29, 2024

Duplicate Payments: Search in your cleared transactions if you can find a very similar record. Software like  Nanonets   can automate this process and sync the data to QBO. You can reduce the reconciliation process to minutes using automation software. You can search based on the payee and amount.

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Reconciliation Credit Cards Duplicate Automation 52

PYMNTS

NOVEMBER 11, 2020

The Playbook also calls out “three-way invoice matching — in which staff must compare invoices to purchase orders and goods received notes,” and the frustrations that brings, but automation can reduce these stresses by matching these invoices automatically. Capital Management Leans Into Digital. A recent survey found that 74.2

Automation 87

Automation Void Treasury Liquidity Management 87

Nanonets

APRIL 12, 2023

Fortunately, with the help of technology and automation, businesses can now streamline their spend management processes and achieve better results. In this blog post, we’ll cover spend management in detail and how Nanonets can help automate the process. What is spend management?

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Compliance Automation Duplicate Process 52

Nanonets

MARCH 4, 2024

leveraging the right technology to streamline your expense reimbursement workflow. Duplicate Claims Employees submitting the same expense for reimbursement more than once. Technology and Integration Challenges Outdated Systems Legacy systems that do not integrate well with modern financial software can hinder efficient processing.

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Process Compliance Automation Audit 52

Nanonets

JANUARY 28, 2024

Automate Bank Statement Reconciliation Reconciling with QBO requires a lot of manual effort and can be time-consuming. You can reduce the reconciliation process to minutes using automation software. Automate fraud detection, bank reconciliations or accounting processes with a ready-to-use custom workflow.

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Reconciliation Automation Fraud Detection Duplicate 52

Nanonets

MAY 31, 2023

Using innovative technologies and automated toolsets can optimize invoice matching to provide extra leverage and value to a business. Looking to automate your manual AP Processes? Book a 30-min live demo to see how Nanonets can help your team implement end-to-end AP automation. What is Automated Invoice Matching?

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Automation Audit Process Duplicate 52

Nanonets

JANUARY 25, 2024

  Automate Bank Statement Reconciliation Manual reconciliation using Excel is time-consuming and can be a headache. You can reduce the reconciliation process to minutes using automation software. The software will only pull relevant information from each document through OCR technology.

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Reconciliation Adjustments Checks Automation 52

Nanonets

APRIL 12, 2024

We will detail the steps for some of the basic operations of managing invoices in Sage Intacct, briefly touch upon advanced features, and discuss the role of improving efficiency with automation and AI. Automated Reminders:  You can set up automated reminders for overdue invoices to late payment notifications.

Automation 52

Automation AI Accounts Reconciliation 52

Nanonets

NOVEMBER 14, 2023

Traditionally tackled through manual processes, digital transformation is now at the forefront of AP, with technologies like AI and ML revolutionizing how businesses manage their finances.  The worldwide AP automation market is forecasted to grow from US$2.6 billion in 2021 to USD 7.5 billion by 2030 at a CAGR of 12.5%.

Accounts 52

Accounts Automation Compliance Fraud Prevention 52

Nanonets

JUNE 21, 2023

In the modern business landscape, organizations are increasingly turning to automated solutions to streamline payment reconciliation and improve operational efficiency. This article will provide a comprehensive guide to reconciling payments, its importance, challenges faced, best practices, and the role of automation in enhancing the process.

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Payment Reconciliation Reconciliation Best Practices Automation 52

PYMNTS

NOVEMBER 10, 2020

A survey of 500 finance professionals found that 54 percent of businesses have sent invoices to the wrong recipients, for example, while 63 percent of businesses have received duplicate invoices. Untold sums are lost due to these issues, leading businesses to develop or seek advanced technological solutions to fix them.

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Liquidity Management Treasury Automation Point-of-Sale (POS) 87

Nanonets

JUNE 27, 2023

However, with the advent of automation technologies, businesses now have the opportunity to streamline and optimize their accounts payable processes, significantly reducing the cost of processing an invoice. Implementing automation in these areas can significantly improve efficiency, accuracy, and overall cost per invoice.

Process 52

Process Automation Electronic Funds Transfer (EFT) Volume 52

Nanonets

FEBRUARY 27, 2024

Additionally, QuickBooks can be integrated with other software packages, allowing businesses to automate many of their financial processes. Automated Receipt Scanning to Quickbooks , on the other hand, is a modern solution that offers many benefits to businesses. Why is it important ?

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Automation Database Audit Use Case 52

Nanonets

SEPTEMBER 22, 2023

Using accounting software can automate the accounts payable process and generate reports automatically. This software not only simplifies the reporting process but also automates tasks, reduces human error, and enhances efficiency. Check for duplicate payments to minimize errors and unnecessary costs.

Accounts 40

Accounts Master Account Best Practices Reconciliation 40

Nanonets

NOVEMBER 16, 2023

They should align with the goods or services received and must not be duplicates of invoices that were already processed.   Duplicate Invoice or Payment Audit The final is to verify that the payment hasn’t already been sent to a vendor for the line items on the invoice. Matching should be done before authorizing payment. 

Accounts 52

Accounts Best Practices Duplicate Checks 52

PYMNTS

MARCH 31, 2020

To make the complete payables process smarter, global payables automation company Tipalti unveiled its Tipalti Pi integrated payables intelligence engine, according to a press release. The solution identifies fraud and risk, bolsters decision making, automates manual work and eliminates accounts payable (AP) process errors.

Accounts 53

Accounts AI Duplicate Payment Reconciliation 53

Nanonets

FEBRUARY 13, 2024

This could involve adapting to new tax legislation, accommodating expenses for remote work, or updating the policy to include new technologies. Monitoring and Feedback Mechanisms: Use technology to monitor compliance and gather feedback on the expense policy. This includes ergonomic furniture and necessary technology upgrades.

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Compliance Non-Bank Automation Duplicate 52