EBizCharge

FEBRUARY 26, 2025

Compatibility is key for smooth payment workflows. Consider the gateways payment processing capabilities. Check if it handles electronic payment methods efficiently. Choose a gateway that enhances your financial reporting and supports seamless payment processes. Transaction fees are another factor to consider.

Credit Cards 52

Credit Cards Process Payment APIs and Integration Payment Gateways 52

PYMNTS

DECEMBER 15, 2020

And while Gordon noted that he's seeing more paper checks being used to settle B2B transactions, the payment method is far from ideal.

Legal 111

Legal B2B Underwriting Payment Reconciliation 111

PYMNTS

MARCH 18, 2020

The trend presents a unique conundrum for organizations’ order-to-cash operations, especially when businesses’ own clients continue to pay via paper check : The check may be in the mail, but how can a business apply that cash if there is no one at the office to open it?

Lockbox 80

Lockbox Reconciliation Checks Automation 80

PYMNTS

FEBRUARY 11, 2020

We’ve digitized the manual reconciliation process and eliminated the need for expensive, paper-based [checks]. Interac eTransfer: Bulk Request Money offers payment reminders that can be facilitated using the payor’s email address or phone number.

Automation 57

Automation Reconciliation Fraud Detection Payment Reconciliation 57

Nanonets

MAY 30, 2023

What is an electronic payment? Electronic payments are the systems by which consumers pay for goods and services electronically, in ways that do not involve paper either as currency or checks.  ePayment Looking to automate the mundane & mechanical Payment Reconciliation process?

Payment APIs and Integration 52

Payment APIs and Integration Credit Cards Payment Reconciliation Online and Mobile Banking 52

PYMNTS

JULY 16, 2020

Payments workflows are a particularly large hurdle in this space. Force-fitting a B2C-based eCommerce platform for a B2B sales context can mean a lack of payments features corporates need, like the ability to facilitate check transactions and establish custom payment terms.

B2B 59

B2B B2C Checks Payment Reconciliation 59

PYMNTS

MARCH 2, 2020

It strives to advance ticket sales while offering a seamless check-in process. It reduces manual processes while increasing payment reconciliation timelines. . Groupon, founded in 2008 in Chicago, is a digital marketplace where people can get discounts on things to do, see, eat and buy.

Payment Reconciliation 52

Payment Reconciliation Reconciliation On-Demand Checks 52

PYMNTS

JANUARY 30, 2020

The cards are also linked to checking or other payment accounts, and expire at designated times. Many AP departments still rely on checks to settle B2B invoices, however, despite the speed and convenience that payment methods like virtual cards offer. Companies can also better manage spend with virtual cards.

B2B 71

B2B Credit Cards Payments Settlement 71

PYMNTS

OCTOBER 1, 2020

Deeper software integration is important because, explained Petrzela, “it can significantly streamline workflows and turn what can be manual, labor-intensive process into a fully automated, electronic process, from calculating a bill and issuing an invoice all the way to receipt of payment.”.

Embedded Payments 56

Embedded Payments B2B Payments Legal 56

Nanonets

APRIL 18, 2023

However, managing ACH payments can be a challenging task for AP teams, especially when dealing with multiple vendors and payment preferences. In this article, we’ll provide a detailed look at how ACH payments work , why they’re better than checks or cards, and how to get started with ACH. per transaction.

ACH 52

ACH ACH Network Payments Best Practices 52

Nanonets

MARCH 29, 2023

This involves verifying the accuracy of the invoice, checking for any discrepancies or errors, and entering the information into the accounting system. Payment Authorization : Once the invoice has been processed, the payment is authorized. This typically involves printing a check or initiating an electronic payment.

Accounts 52

Accounts Reconciliation Automation Payment Reconciliation 52

PYMNTS

JULY 12, 2019

Not only are there many moving parts and a variety of participants involved — landlords, tenants, property managers, financial institutions, service providers such as plumbers and electricians — but the industry, as a whole, is still very much anchored to paper checks and other business processes born in the world of analog, not digital.

Reconciliation 49

Reconciliation Participant Payment Reconciliation Checks 49

Nanonets

APRIL 10, 2023

Upload your invoice and check the extracted data 4. Automate invoice approvals, invoice review, invoice payment reconciliation , and invoice payments with automated workflows. Select the download option to download your invoice data in the format of your choice. Convert PDF invoice to excel now Why use Nanonets?

Automation 52

Automation Payment Reconciliation Financial Analysis Reconciliation 52

PYMNTS

JUNE 29, 2018

B2B payments in the insurance industry suffer from many of the same challenges that other markets do: namely, check-based payments. However, to push insurance providers in the direction of ePayments, service providers have to acknowledge the nuances of the insurance payments machine.

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

Nanonets

APRIL 22, 2024

To record the payment, you must mark the invoice as paid upon reception (full or partial). Manual Payment Recording in QuickBooks You can use manual recording if you don’t have QuickBooks Payments and customers prefer cash, check, or other offline payments.

Payment APIs and Integration 52

Payment APIs and Integration Payments Credit Cards Reconciliation 52

PYMNTS

SEPTEMBER 21, 2018

The new tool is intended to help streamline the invoice payment process by providing a self-service portal and enabling corporate customers to view invoices, payments and credits from their mobile devices. Lessons In Tuition Payment Reconciliation. Deep Dive: Global Receivables Platforms.

Cross-Border 46

Cross-Border Cross-Border Payments Enrollments Non-Bank 46

Nanonets

MAY 8, 2023

Check out the entries that match - Strike out the entries that match on all three documents. Check the entries that don’t match - Multiple entries will not match. Check ending balance - Your general ledger balance ending balance should match your bank statement balance after all your adjustments.

Reconciliation 52

Reconciliation Automation Process Adjustments 52

Nanonets

OCTOBER 18, 2024

Many businesses rely on multiple systems for OCR data capture, invoice processing, approvals, and payment reconciliation, which makes the process lengthy, expensive, and highly inefficient. For instance, 3-way matching ensures that invoices, POs, and receipts are cross-checked before payment, improving accuracy and compliance.

Payment APIs and Integration 52

Payment APIs and Integration Automation AI Multi-Currency 52

Nanonets

SEPTEMBER 28, 2023

Digital payment methods: PayPal or e-invoicing, are becoming increasingly popular for B2B payments. However, they may not be accepted by all businesses, so it's important to check before you use this method. Choosing the right B2B payment solution will depend on your specific needs. What's right for you?

B2B 52

B2B Wire Transfer ACH Wire 52

Nanonets

SEPTEMBER 28, 2023

Digital payment methods: PayPal or e-invoicing, are becoming increasingly popular for B2B payments. However, they may not be accepted by all businesses, so it's important to check before you use this method. Choosing the right B2B payment solution will depend on your specific needs. What's right for you?

B2B 52

B2B Wire Transfer ACH Wire 52

Nanonets

MAY 7, 2023

Also, credit card reconciliation is the process of confirming that all transactions on your credit card statement are properly reflected in your accounting records. Credit card reconciliation helps companies to keep employee spending in check. Give us a call or check our integrations.

Reconciliation 52

Reconciliation Credit Cards Automation Accounts 52

Nanonets

AUGUST 21, 2023

B2B payment automation is a technology-driven process that streamlines the way businesses handle payments to suppliers, contractors, and other business partners. Payment execution Payment automation software then initiates payments based on the approved invoices and payment terms.

B2B 52

B2B Automation Payment APIs and Integration Payments 52

Nanonets

NOVEMBER 14, 2023

Enhanced Efficiency and Accuracy: AP automation reduces manual data entry, minimizing human errors and thus reducing the time spent entering and error-checking information. Time and Cost Savings : By automating invoice capture and digital payments, organizations save significant time and resources.

Accounts 52

Accounts Automation Compliance Fraud Prevention 52

Nanonets

APRIL 30, 2023

To follow the matching principles, businesses record payroll expenses to the accrual account until those items are paid out of the checking account. As a result, expenses are only recorded once cash leaves the checking account. Double-check each journal entry line item against the different payroll reports you have pulled.

Payroll 52

Payroll Automation Accounts Reconciliation 52

Nanonets

MAY 8, 2024

Configure Thresholds : Configure reconciliation thresholds for settlement and transaction reconciliation according to your specific requirements. Monitor Reconciliation Statuses : Regularly check reconciliation statuses for both settlement and transaction reconciliation.

Reconciliation 52

Reconciliation Settlement Alternative Payment Methods Automation 52

PYMNTS

JULY 4, 2018

Perhaps apropos of the travel season (c’mon, you’re dreading the airports this weekend, too) via the Global Payments Architecture Report, Rebecca Kilby, CEO of corporate travel solutions provider AirPlus International Inc., delved into the use of virtual corporate cards to make cross-border payments reconciliation a bit less frenzied.

Research 40

Research Credit Union Payments Online and Mobile Banking 40

Nanonets

AUGUST 31, 2023

It also helps maintain regulatory compliance by automating necessary checks and balances, thus protecting your business from potential legal issues. Validation checks and data integrity can be maintained effortlessly with built-in approval processes. Compliance checks You can use automation to maintain regulatory compliance.

Automation 52

Automation CRM Compliance Process 52

Nanonets

DECEMBER 25, 2023

Check a few transactions to confirm they've been categorized as expected. Here's how you can do that: Automate Repetitive Tasks : Use the integration to automate repetitive financial tasks like invoice creation, payment reconciliation, and expense categorization. This will save time and reduce the risk of human error.

Finance 52

Finance Payment APIs and Integration Best Practices Automation 52

Nanonets

MARCH 20, 2023

Some common features of AP software include: customizable AP workflows invoice categorization and batch processing of invoices automated approval processes 2, 3, or 4 way matching seamless expense claims custom user permissions providing AP metrics such as AP days , average invoice processing time etc. Looking to automate your manual AP Processes?

Accounts 52

Accounts Payment APIs and Integration Multi-Currency Automation 52

Nanonets

OCTOBER 18, 2024

Many businesses still rely on multiple systems for invoice processing, approvals, and payment reconciliation - this is highly inefficient. Nanonets automates multi-currency reconciliation by syncing directly with ERP systems.

Automation 52

Automation AI Multi-Currency Cross-Border 52

EBizCharge

JUNE 6, 2024

Integration with financial management For a seamless payment integration, ensure the payment processing module is well-synced with accounting and financial modules for real-time data updates. Utilizing automation features for payment reconciliation can save time and reduce manual errors.

Credit Cards 52

Credit Cards Process Payment Gateways Gateways 52

PYMNTS

FEBRUARY 5, 2020

“As cards become more mainstream in terms of how companies pay each other, there’s more of a focus on the best payment method to exchange data,” he said. “If If you’re using a wire or even most ACH platforms, and certainly a check, you cannot send along with that transaction much, if any, digital data.”.

Commercial Card 53

Commercial Card Reconciliation Payments ACH 53

Nanonets

MAY 8, 2023

The double-entry accounting system is a built-in cross-checking system that reduces human error. If there are differences, such as a check that you sent out that has not yet cleared the bank, you must find out why. The ledger has different sections for each expense, customer account, and income source.

Automation 52

Automation Accounts Reconciliation Audit 52

PYMNTS

FEBRUARY 28, 2019

Solutions providers are moving youth sports away from cash and checks, and instead offering more accessible and comprehensive digital services that aim to simplify referees’ payments. Late payments were a problem for all facets of the youth sports industry as recently as seven or eight years ago. Speedy Disbursements.

Reconciliation 43

Reconciliation Payments Payee Payer 43

Nanonets

APRIL 16, 2023

Verify bank accounts Automate approvals Instant vendor notifications Check against blacklists OCR and Machine Learning AI & OCR Technology in AP Automation At the start of the invoice management cycle, documents must be scanned so the data can be captured and entered into the system. No more stitching together spreadsheets or reports.

Automation 52

Automation AI Accounts Reconciliation 52

Nanonets

JUNE 17, 2023

In some cases, account reconciliations are performed to comprehend the reasons for legitimate differences between two sources, like variations in investment account reconciliations due to daily market changes. Furthermore, not all reconciling items necessitate adjustments to the balance.

Reconciliation 52

Reconciliation Accounts Adjustments Credit Cards 52

Nanonets

FEBRUARY 26, 2024

Sorting through stacks of paper invoices, reaching out to approvers individually, and mailing checks are extremely tedious and error-prone. This could also lead to late payments or in some cases potential  vendor fraud. Reconciliation: Labor-intensive process of matching bank transactions with ledger entries.

Automation 52

Automation Accounts Payment APIs and Integration Process 52