Nanonets

JUNE 21, 2023

As transactions flow in and out, reconciling payments becomes crucial to ensure accuracy, identify discrepancies, and maintain a clear financial picture. Manual payment reconciliation processes can be time-consuming, error-prone, and inefficient. What is payment reconciliation?

Payment Reconciliation 52

Payment Reconciliation Reconciliation Best Practices Automation 52

Fintech News

JANUARY 30, 2024

These digital currencies, divided into retail and wholesale variants , aim to facilitate transactions across various sectors of the economy. These include cross-border Payment versus Payment (PvP) transactions and wholesale market Delivery versus Payment (DvP) transactions.

Payments Trends 116

Payments Trends Digital Currency Cross-Border Payments Instant Payments 116

Nanonets

NOVEMBER 14, 2023

Global Payments : AP automation solutions facilitate seamless global payments, managing different currencies and compliance with international payment regulations. Payments Reconciliation : Automated systems reconcile payments with bank statements, ensuring all transactions are accurately recorded and accounted for.

Accounts 52

Accounts Automation Compliance Fraud Prevention 52

Nanonets

NOVEMBER 15, 2023

Additionally, the invoices must be matched with the corresponding purchase orders and goods receipts to avoid duplicate invoices, fraud, and errors. Automated status updates facilitate a more transparent and efficient communication process for all parties involved in the approval process. Increase transparency? Reduce costs?

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

PYMNTS

FEBRUARY 8, 2018

“Making payments in RMB more digitized and [making] RMB cross-border payments faster, trackable and transparent in terms of fees will definitely support RMB internationalization.”.

B2B 44

B2B Cross-Border Payments Cross-Border Innovation 44

Nanonets

SEPTEMBER 22, 2023

Additionally, the invoice number is essential for both the vendor and the client to track and  mark invoices as paid , facilitating efficient record-keeping. While minor discrepancies may be acceptable, it is crucial to ensure accuracy to avoid payment delays or disputes.

Reconciliation 40

Reconciliation Automation Disputes Process 40

Nanonets

MAY 8, 2024

A Payment Service Provider (PSP) acts as an intermediary between merchants and the financial institutions involved in processing online transactions. Stripe is a PSP that offers a suite of services to streamline payment processing and enhance the online shopping experience.     What is Stripe Reconciliation?

Reconciliation 52

Reconciliation Settlement Alternative Payment Methods Automation 52