Nanonets

DECEMBER 4, 2023

Whether running a B2B or B2C business, streamlining your order-to-cash (O2C) process can mean the difference between success and stagnation. A recent McKinsey study revealed that a shocking 3-5% of EBITDA often slips through cracks in the O2C process. Automated order processing is the solution.

Automation 52

Automation Process Payment APIs and Integration Returns 52

The Fintech Times

SEPTEMBER 4, 2024

Digital pension provider, Penfold , has unveiled a new pull integration with Xero , the cloud-based accounting software, in a move to automate pension contribution processing entirely. For businesses connected to Xero and Penfold, all contributions are processed automatically every time payroll is run or re-run in Xero.

Automation 59

Automation Process Payroll Volume 59

The Paypers

OCTOBER 3, 2024

Hastings Direct Loans has announced its collaboration with IDVerse Identity to automate personalised journeys and improve its growth strategies.

Automation 67

Automation Process 67

Finextra

AUGUST 2, 2024

NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, announced that Shawbrook has chosen nCino to help automate its loan origination processes, while expanding portfolio management capabilities through nCino’s cloud-based platform. nCino, Inc.

Origination 52

Origination Automation Process 52

The Paypers

SEPTEMBER 11, 2024

AML automation company Strise has announced that PwC Norway has implemented its AML Automation Cloud to augment its AML processes and reduce manual work.

AML 36

AML Automation Process 36

Bank Automation

OCTOBER 18, 2024

KeyBank’s cloud migration costs contributed to increased computer processing spend despite total noninterest expense slightly declining in the third quarter. The $187 billion bank’s total noninterest expense, which includes computer processing, fell 1.4% year over year to $1.1 billion, according to the bank’s Oct.

Process 52

Process Processing Costs Automation Posting 52

Nanonets

JUNE 13, 2024

  When completing these actions, you’re starting the source to pay (S2P) process , which is something every business goes through when working with suppliers. How to optimize the source-to-pay process? We will walk through all the steps of the source to pay process in detail below. What is Source to Pay?

Automation 52

Automation Process P2P On-Demand 52

Finezza

MARCH 19, 2024

Manual loan processing, from origination to disbursement and collections, is time-consuming and requires significant effort. Increasing loan application volumes and customer expectations are pushing lenders to seek efficient loan processing solutions to help them speed up their loan approvals.

Process 52

Process Automation Origination Volume 52

Finextra

JUNE 20, 2024

The way forward is process automation and ensuring that technology can be used to mitigate fraud, financial crime, and risk management across the three lines of defence. Further, with new forms of AI emerging, operational resilience should also be considered, but must not get in the way of innovation.

Automation 52

Automation Process Financial Crimes Crime 52

Nanonets

JUNE 5, 2023

If so, then Robotic Process Automation (RPA) might be the solution you've been seeking. RPA is cutting-edge technology that enables enterprises to automate repetitive processes. So buckle up as we take you on an exciting journey into the world of Robotic Process Automation.

Automation 52

Automation Process Bots Rules 52

DeckCommerce

AUGUST 5, 2024

As has happened with many other processes, automation has become a must to reach business goals and be competitive. As the ecommerce industry grows by the minute, it has become clear to all business directors that efficiency in order management is crucial.

Automation 105

Automation Process Technology 105

DeckCommerce

MARCH 18, 2024

An OMS streamlines inventory management by providing real-time visibility, automating critical processes, and enabling data-driven decision-making. As consumer expectations rise and the market becomes more competitive, inventory management capabilities and limitations can make or break a DTC brand's success.

Automation 52

Automation Process Consumer 52

Finextra

APRIL 11, 2024

Genesis Global launched a new solution to automate bank processes for offsetting credit risk in lending and financing businesses.

Automation 52

Automation Process Credit Risk Risk 52

Nanonets

APRIL 3, 2023

What is Form Automation? Form automation refers to the process of automating the creation, completion, and submission of forms using specialized software or tools. Forms are an integral part of most business processes, ranging from customer onboarding to employee performance reviews. Let us explore this further.

Automation 52

Automation Process Database Legal 52

DeckCommerce

AUGUST 19, 2024

The demand for fast, accurate order processing and fulfillment has never been higher as consumers and businesses alike develop higher expectations. In the fast-paced world of eCommerce and retail, efficient order management is not just a competitive advantage—it's a necessity.

Process 59

Process Automation SWIFT Consumer 59

Bank Automation

APRIL 12, 2024

Citigroup is focused on simplifying its infrastructure and overall technology through automation and cloud migration as it upped tech spend 6% year over year to $2.2 billion in the first quarter.

Automation 128

Automation Risk Process Technology 128

Nanonets

SEPTEMBER 27, 2024

Traditional (manual) underwriting processes often struggle to keep pace with the growing complexity of modern risk assessment, data collection, and policy management. These diverse data sets require careful aggregation and verification, making the process slow and error-prone.

Underwriting 52

Underwriting Automation Risk Assessment Assessments 52

Bank Automation

JUNE 14, 2024

SameDay Auto Finance is automating more of its origination and servicing processes after switching to a new loan servicing system earlier this month. SameDay tested the NLS auto loan […]

Automation 75

Automation Finance Origination Process 75

The Fintech Times

OCTOBER 3, 2024

Financial services giant American Express is launching commercial virtual card processing services to US merchants in partnership with B2B payments provider, Boost Payment Solutions. However, the increasing volume of virtual card transactions is making automation even more essential for suppliers.

Process 64

Process Point-of-Sale (POS) Automation B2B 64

Nanonets

OCTOBER 12, 2023

The problem of manual sales order processing The sales order processing workflow is integral to the overall order to cash process. This is the case even for large organisations that use SAP as their system of record (ERP) and process large volumes of orders.

Automation 52

Automation Process Bots AI 52

Nanonets

APRIL 1, 2024

Through these reconciliation processes, businesses can uphold financial transparency, mitigate risks, and maintain credibility in their financial operations. These tools leverage advanced algorithms and data integration capabilities to automate the matching of transactions between accounting records and bank statements.

Reconciliation 52

Reconciliation Checks Automation Process 52

Nanonets

SEPTEMBER 27, 2024

The need for automation in the insurance industry is more pressing than ever. According to a recent study by Datos Insights , the insurance industry lags in terms of digitisation, with only 20% automation in underwriting and less than 3% automation in claims processing across sectors. So, let’s get started.

Process 52

Process Underwriting Automation Database 52

Nanonets

NOVEMBER 21, 2023

The AP approval process is the workflow for getting authorization to pay vendor invoices (with credit payment terms) that are included in accounts payable before being paid. In contrast to the manual accounts payable approval process for vendor invoices, AP automation software provides streamlined electronic AP approval.

Automation 52

Automation Process Accounts Rules 52

DeckCommerce

MARCH 18, 2024

Optimizing and automating fulfillment processes is the key to maintaining competitiveness in the eCommerce space. However, achieving automated order fulfillment is no easy feat. Order management systems serve as the technological backbone powering eCommerce fulfillment automation.

Automation 98

Automation Risk Process Consumer 98

Nanonets

MAY 8, 2023

Reconciliation is a mandatory process for businesses of all sizes. With intelligent automation , the reconciliation landscape is changing. Let’s look at the reconciliation processes and how reconciliation software simplifies reconciliation for your finance department. Can you automate the reconciliation process?

Reconciliation 52

Reconciliation Automation Process Adjustments 52

Paystand

AUGUST 6, 2024

Table of Contents What is Straight-Through Processing? What is the Straight-Through Processing Rate? Benefits of Straight-Through Processing? Getting Started With Straight-Through Processing What Businesses Typically Use STP? Why Doesn’t Every Business Use STP?

Process 52

Process Automation Transactions Payments 52

Nanonets

JUNE 6, 2024

Automation within Salesforce addresses these challenges by streamlining workflows, reducing manual interventions, and enhancing overall operational efficiency. Benefits of Automation in Salesforce As with most of today’s newly automated accounting and bookkeeping processes , automation is a boon to Salesforce.

Automation 52

Automation Payment APIs and Integration Rules Process 52

Bank Automation

APRIL 19, 2024

Fifth Third Bank saved $15 million in the first quarter, partly driven by deploying automation throughout its operations. Expenses are well controlled … driven by savings realized through process automation and our focus on value streams,” Chief Executive Tim Spence said during the bank’s first-quarter earnings today.

Automation 80

Automation Process AI 80

Bank Automation

JANUARY 9, 2024

Financial institutions can look to generative AI to reach up to 90% automation, WorkFusion Chief Executive Adam Famularo tells Bank Automation News on this episode of “The Buzz” podcast.

Automation 121

Automation AI Transactions Process 121

Nanonets

APRIL 5, 2023

The answer lies in automating steps in the lending process. Automation enables lenders to conduct more stringent credit checks, income verification, and other critical verifications to ensure that only qualified borrowers are approved. Why is it important to filter customers in the lending process?

Automation 52

Automation Process Risk Assessment Assessments 52

Nanonets

SEPTEMBER 18, 2024

Financial document automation is not just changing the game – it's rewriting the rules.    From multinational banks and big accounting firms to local insurance agencies and small healthcare providers, businesses of all sizes process hundreds and thousands of financial documents daily.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

Nanonets

MARCH 26, 2023

Mortgage processing automation helps companies reduce the manual workload involved in mortgage origination and processing, in order to improve accuracy and efficiency. In this post, we will explore how mortgage processing automation using Nanonets and OCR technology can improve your business.

Automation 52

Automation Process Underwriting Fraud Detection 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.

AI 52

AI Process Best Practices Reconciliation 52

Nanonets

SEPTEMBER 22, 2023

Robotic process automation (RPA) is a game-changer for the accounting industry, offering significant improvements in efficiency and productivity. By automating repetitive tasks, RPA allows organizations to reduce human errors and free up employees for more impactful work. Benefits of RPA in Accounting 1.

Automation 40

Automation Accounts Process Reconciliation 40

The Fintech Times

OCTOBER 1, 2024

It says this process saves its clients up to $500,000 per year through automation of common reporting outputs and reconciliation. Ultimately, Kani Payments exists to help disruptive fintechs like Cardaq to thrive and grow with our automated data reporting and reconciliation platform that gives it the space it needs to scale.

Reconciliation 69

Reconciliation Compliance Automation Regulatory Compliance 69

FloQast

MAY 15, 2024

The month-end Close process suffered from recurring errors, a lack of accountability, and time-consuming reconciliations across numerous bank and general ledger (GL) accounts. Results Achieved : With FloQast, Ascent Aviation streamlined their 20-day close process to just 10 days.

Reconciliation 92

Reconciliation Automation Close Processes Accounts 92

Fintech Finance

AUGUST 23, 2024

Tribe Payments has been chosen by SetldPay to provide their issuer processing, with the company also benefitting from Tribe’s Risk Monitor and 3D Secure solutions. A key USP for SetldPay is their automated funds flow that allows just-in-time funding to minimise pre-funding requirements and massively simplify reconciliation.

Issuers 98

Issuers Process Reconciliation AML 98