article thumbnail

Invoice validation 101: Best practices and automation tips

Nanonets

Graph comparing invoice error resolution time between top and bottom performers| Source Invoice validation is a complex process that can be hindered by various challenges. These exceptions can significantly reduce the percentage of invoices processed straight-through. These include: 1. Manual receiving of invoices Nearly 49.7%

article thumbnail

Payment Automation: The Future of Business Transactions

Nanonets

Electronic collaboration enables efficient error resolution compared to manual methods that rely on untracked emails and phone calls. Payment Automation Best Practices Setting up and implementing automated payment services does not automatically ensure that a company will reap its benefits.

article thumbnail

Stripe Reconciliation: The Complete Guide

Nanonets

  Best Practices for Stripe Reconciliation To harness the full potential of Stripe Reconciliation, businesses should adhere to a set of best practices aimed at optimizing efficiency and mitigating risks.      Consistent Reconciliation : Routine payment reconciliation ensures a regular cadence.

article thumbnail

California Adopts Digital Financial Assets Law

Global Fintech & Digital Assets

Prospective licensees may look to DFS regulations, rules, and guidance that the DFAL generally defers to as a “best practices” guide to ensuring compliance with the DFAL, especially with respect to matters addressed by DFS on which the DFAL remains silent.

Laws 52