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Simplifying Financial Processes with Automated Bank Reconciliations

FloQast

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.

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Mastering Petty Cash Reconciliation: Best Practices and Automation

Nanonets

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?

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Modulr Acquires Accounts Payable Automation Disruptor Nook

Fintech Finance

Nook’s platform simplifies AP workflows for businesses and accountants, offering full invoice lifecycle management from receipt, through approval to payment and reconciliation with accounting software. Founded in 2021, Nook has built one of Europe’s most comprehensive AP products, earning Xero’s Emerging App of the Year award.

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How payment firms can prepare for the FCA’s proposed safeguarding regime

The Payments Association

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.

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Payments Tech Takes Advantage Of Payment Rails Building Blocks

PYMNTS

This week’s look at the latest in payments rails innovation finds players including Mastercard, Aflex and Paycor targeting existing card and ACH rails to expand their use for corporates, with a focus on reconciliation, data capture and transparency.

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Acumatica Credit Card Processing: Benefits and Getting Started

EBizCharge

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.

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Mesh Payments Rolls Out Cardless B2B Recurring, One-Time Payments

PYMNTS

The company noted that the product offers a full view and management over business spending in addition to allowing for orchestration, reconciliation and data on spending, according to a Tuesday (Sept. 22) announcement.

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