The Fintech Times

AUGUST 24, 2024

For a long time, the retail and hospitality sectors have faced the ‘last mile’ data problem in cash credit card payment reconciliation. Some merchants struggled with balancing cash and credit card payments against their point-of-sale platform.

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Nanonets

JUNE 17, 2023

Account reconciliation is a critical process in accounting, which ensures that financial records are accurate and consistent. This article will provide an in-depth understanding of account reconciliation, its benefits, and how businesses can leverage technology to automate the process. What is Account Reconciliation?

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Fintech Finance

OCTOBER 15, 2024

These challenges include delays in travel bookings caused by local payment inefficiencies, time-consuming travel expense reporting and reconciliation, plus painful traveler experiences that lead to avoidable admin work. 100% reconciliation.

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Fintech Finance

FEBRUARY 22, 2024

New research commissioned by AutoRek , a leading software provider to companies in the global financial services sector, has revealed the most current problems facing payments firms today, as well as their perceptions on regulation, compliance, and payments reconciliation.

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Nanonets

MAY 7, 2023

Do you know what credit card reconciliation is? Many people need to learn what credit card reconciliation is and why it's essential. After the pandemic, business credit card payments showed a strong positive trend, with a market evaluation of $14.1 What is credit card reconciliation? Let’s see.

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Fintech Finance

SEPTEMBER 18, 2024

Through this agreement, Capgemini will mobilize its team of experts on AutoRek’s reconciliation solution and guide AutoRek’s clients with day-to-day support of implementations. A report by Capgemini indicates half of payment executives handle their cash reconciliation process manually.

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Nanonets

APRIL 6, 2023

This is where supply chain automation comes into play, offering a range of benefits, from increased efficiency and productivity to reduced costs and errors. What is Supply Chain Automation? Examples of Supply Chain Automation There are several workflows in the supply chain process that can be automated.

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Nanonets

AUGUST 16, 2024

But insurance claim automation is paving the way for faster, more accurate, and more customer-friendly experiences. This article explores the impact of automation on the claims landscape, whether you're an insurer looking to streamline operations or a policyholder seeking quicker resolutions. What is claims process automation?

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Nanonets

FEBRUARY 1, 2024

Accounts Payable (AP) automation is the use of technology to streamline and improve the process of managing a company's bills and payments owed to others. Instead of manually handling invoices, checking them, and making payments, AP automation uses software to do these tasks more quickly, accurately, and with less human effort.

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Fintech Finance

JUNE 7, 2024

Collecting large transactions using traditional payment methods such as cheques and wire transfers typically results in prolonged payment reconciliation periods, excessive administrative burdens, and significant risks due to human error. This automation minimizes manual intervention and reduces administrative workload.

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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. So, what exactly is AP automation ? Looking for an AI based AP Automation solution? How Does AP Automation Work?

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Fintech Finance

SEPTEMBER 18, 2024

Areas of collaboration include optimizing interchange costs through data field enhancements, evaluating payment data to improve performance, and improving reconciliation and cash management with Slope’s warehouse lending facilities. The partnership has already proved successful. Morgan, bringing its total funding to $252m.

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PYMNTS

FEBRUARY 11, 2020

The feature enables businesses to send multiple payment requests at the same time while also triggering automated reminders to streamline the process and save time. We’ve digitized the manual reconciliation process and eliminated the need for expensive, paper-based [checks].

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Nanonets

MARCH 21, 2023

This is done by the establishment which created the original purchase order and started this whole workflow, using payment method of convenience. How to Start Automating the Purchase Order Workflow The complete purchase order workflow listed in above section can be automated.

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Fintech Finance

FEBRUARY 21, 2024

Kani Payments , the disruptive global data reconciliation and reporting platform, today announces a strategic partnership with issuer processing and core banking platform Pismo. The post Global Data Reporting Pioneer Kani Payments Partners with Pismo appeared first on Fintech Finance.

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Nanonets

APRIL 30, 2023

Looking to automate payroll processes? Try Nanonets and automate employee onboarding, reimbursements, payment, and approvals with no-code workflow s. Looking to automate your manual payroll processes? Book a 20-min live demo to see how Nanonets can help your team implement end-to-end payroll automation.

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Nanonets

AUGUST 31, 2023

Contact center automation tools can enable your team to swiftly tackle mundane tasks that often consume their time. This is where contact center automation comes into play. By automating repetitive tasks, your team can concentrate more on problem-solving and enhancing customer experience. What is contact center automation?

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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. What is B2B payment automation?

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Nanonets

NOVEMBER 20, 2023

Get ready to revolutionize your approach to accounts payable and discover the keys to a razor-sharp, automated future. An invoice approval workflow is a structured process that organizations follow to review, verify, and authorize supplier invoices before making payments. How can Automation Help?

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Nanonets

OCTOBER 18, 2024

The future of AP automation promises to transform this traditional back-office function into a strategic asset that drives company-wide growth. AP automation: A landscape of opportunity Building on Accounts Payable 's evolving role, the AP automation market offers a wide range of solutions to meet this new strategic imperative.

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PYMNTS

DECEMBER 16, 2020

EnKash , a digital platform and payment solution provider, has entered into an alliance with Mastercard to expand the usage and acceptance of commercial cards in India and provide a B2B digital payment automation platform, according to a press release.

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Nanonets

MARCH 29, 2023

This typically involves printing a check or initiating an electronic payment. Payment Reconciliation : After the payment has been processed, the accounts payable department reconciles the payment with the original invoice and verifies that the payment was made in the correct amount. Look no further!

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PYMNTS

OCTOBER 17, 2017

Together, the companies will enable streamlined payment reconciliation, facilitated by automated virtual card (v-card) payments in a solution built for financial institutions and their corporate clients. In an announcement on Tuesday (Oct.

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Fintech News

JANUARY 30, 2024

One of the key functions of AI in this domain is its ability to match incoming payments with outstanding invoices, thereby automating payment reconciliation and significantly reducing manual efforts. The research firm Adroit projects that the market for AR and AP automation will expand at a CAGR of 17.6%

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PYMNTS

JUNE 10, 2020

The new partnership will combine “global open banking initiatives, Samsung SDS’ Nexledger Universal platform and Credorax’s industry expertise” in order to provide automatic payment reconciliation, remittances and invoices for B2B payments.

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Nanonets

APRIL 18, 2023

Automated Clearing House (ACH) payments have become increasingly popular among growing businesses, for their faster processing times, lower fees, and reduced risk of fraud. However, managing ACH payments can be a challenging task for AP teams, especially when dealing with multiple vendors and payment preferences.

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Nanonets

SEPTEMBER 29, 2023

This article will cover how vendor payments can be optimized, offering insights into the benefits and best practices, which can transform your organization's financial workflows. We will also look at how automation, particularly tools like Nanonets, can help your business optimize the vendor payment process.

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Nanonets

APRIL 10, 2023

Secondly, converting PDF invoices to spreadsheets can help you automate a major part of the invoice data entry process. And last but not least, the majority of accounting automation software requires input files to be in Excel format. Nanonets is an all-in-one invoice management solution that automates invoice processing.

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Core

JUNE 29, 2023

Automation has emerged as a revolutionary approach to empower governments to reduce delays, speed up operations, and improve how processes are executed. A cutting-edge, automated platform can powerfully accelerate the time to value for citizens for a streamlined payment experience when accessing government services.

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PYMNTS

JULY 8, 2020

Steve Robert , co-founder and CEO of Autobooks, said it would now be easy for SMBs to “enroll and receive online payments in minutes, saving hours each month through our automated payment reconciliation and accounting functionality,” according to the release.

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Nanonets

NOVEMBER 14, 2023

The worldwide AP automation market is forecasted to grow from US$2.6 ​​ This transformation is not just a trend; it's an indicator for businesses aiming to stay competitive, reduce costs, and enhance operational efficiency that the solution lies in AP automation and transformation. billion in 2021 to USD 7.5

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PYMNTS

MARCH 27, 2019

Accounts payable (AP) automation company Tipalti is expanding its reach into the market by partnering with three new B2B companies, which will extend Tipalti’s solutions to their own customers. The enhanced integration aims to strengthen control and communication for both ends of the transaction.

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PYMNTS

AUGUST 2, 2017

In a press release, the companies announced they have expanded a online payment solution to include automated reconciliation. According to the companies, the integration gives Xero’s more than 1 million subscribers greater choice of payment services, more cash flow control and enhanced efficiency through automation.

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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.

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Nanonets

MAY 8, 2024

Introduction to Stripe Reconciliation Every digital purchase is a complex interplay of entities—Customers, Merchants, Acquirers, and Issuing Banks—that orchestrate the flow of funds.   What is Stripe Reconciliation?     How are transactions processed through Stripe?  Stripe

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Nanonets

SEPTEMBER 22, 2023

Managing  Vendor Invoices  Through  Automation To streamline the handling and payment of invoices, many businesses are turning to automated processes and workflows. Automated  invoice management software  eliminates manual data entry, reduces errors, and speeds up processing time.

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Fintech Finance

JANUARY 25, 2024

Virtual card technology has 30x lower fraud risk compared to traditional payment cards. Virtual cards provide a unique, traceable link between booking and associated payments to third-party suppliers.

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