Fintech News

JANUARY 30, 2024

Skyrocketing Rise of Instant Payment Infrastructure The growth of instant payment systems in Asia marks a significant shift towards faster and more efficient financial transactions. These systems, operating continuously, offer the promise of instantaneous transfers, a stark contrast to the slower traditional methods.

Payments Trends 117

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 117

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.   💡 42% of organizations still rely on outdated AP processes, and 47% continue to scan or mail physical invoices.

Payment APIs and Integration 52

Payment APIs and Integration Automation AI Multi-Currency 52

Nanonets

MARCH 20, 2023

  The use of accounts payable software results in a 73% faster processing time. According to Goldman Sachs , the use of accounts payable automation software also results in 33% reduction in processing costs. Looking to automate your manual AP Processes?

Accounts 52

Accounts Payment APIs and Integration Multi-Currency Automation 52

Nanonets

APRIL 16, 2023

Introduction As we continue to move into a paperless society , business accounting is on a transformative journey. Source: esker The introduction of intelligent automation into the accounts payable process minimizes the risk of manual intervention, accelerates operations, and helps maintain compliance.

Automation 52

Automation AI Accounts Reconciliation 52

Nanonets

FEBRUARY 26, 2024

Cash Flow Management: Proper management of accounts payable ensures that a company can meet its obligations without compromising its cash position, crucial for operational continuity. Approval: Cumbersome approval process with challenges in providing context to approvers, tracking invoice status and ensuring timely authorizations.

Automation 52

Automation Accounts Payment APIs and Integration Process 52

Nanonets

FEBRUARY 1, 2024

Approval: Cumbersome approval process with challenges in providing context to approvers, tracking invoice status and ensuring timely authorizations. Payments: Difficulty in managing multiple payment terms, schedules and currencies while ensuring timely payments. Once you're happy with it, we’ll go live!

Automation 64

Automation Accounts Process Multi-Currency 64

Nanonets

NOVEMBER 15, 2023

Let's say you process 10,000 invoices monthly at $10 each. Now consider this: roughly a third of businesses surveyed were able to reduce invoice processing costs even more: a whopping 50%. Reduce costs? A shorter processing time can indicate a more efficient process. Impressive, right?

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52