Nanonets

APRIL 19, 2024

Petty Cash Reconciliation: What is It, Best Practices, and Automation Petty cash, also referred to as a small cash fund, is a fixed amount of money reserved for minor expenses in a business.   Looking out for a Reconciliation Software? What are the Steps Involved in Petty Cash Reconciliation?

Best Practices 52

Best Practices Reconciliation Automation Procedures 52

FloQast

OCTOBER 21, 2024

With lines upon lines of figures and the potential for human error looming overhead, manual bank reconciliation can quickly become a massive headache. There sure is: Automated bank reconciliation. Automating your reconciliations both limits the possibility of errors and significantly cuts the time and effort needed.

Reconciliation 52

Reconciliation Automation Process Best Practices 52

EBizCharge

JUNE 4, 2024

Known for its adaptability, the platform allows businesses to tailor their functionalities to their specific industry needs and to scale up as they grow. Because it’s cloud-based, Acumatica provides real-time access to business data from any location, facilitating remote work and business continuity.

Credit Cards 52

Credit Cards Process Payment Gateways Best Practices 52

The Payments Association

OCTOBER 11, 2024

Interim rules: These are designed to address immediate weaknesses in the current system and improve standards across the sector: Daily reconciliations : Firms must reconcile safeguarded funds daily, ensuring correct amounts are separated from operational funds.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Nanonets

SEPTEMBER 29, 2023

Streamlining vendor payments is thus an important part of any business’ financial operations. 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.

Payments 52

Payments Reconciliation Automation ACH 52

Global Fintech & Digital Assets

MARCH 5, 2024

Banks should have adequate resources, ensure sufficient training for staff, introduce appropriate reporting lines and senior management oversight, and establish business continuity policies. Safeguarding of client digital assets : Banks should implement adequate systems and controls and adopt industry best practices (e.g.,

Authorization 59

Authorization Product Due Diligence Procedures 59

PYMNTS

MARCH 10, 2020

Level 3 commercial credit card processing data and ISO 20022 reconciliation data can certainly help, but transaction data is not standardized across all rails, he noted, pointing to paper checks as an example of a payment method that cannot usually provide high-quality data. The way you solve that is not through Level 3 data.

ISO 20022 58

ISO 20022 Credit Cards Accounts Best Practices 58