Fintech News

JANUARY 30, 2024

These include cross-border Payment versus Payment (PvP) transactions and wholesale market Delivery versus Payment (DvP) transactions. PvP ensures that the final transfer of a payment in one currency only occurs once the corresponding transfer in another currency is completed.

Payments Trends 115

Payments Trends Digital Currency Cross-Border Payments Instant Payments 115

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%. You can schedule payments according to your cash flow and vendor terms. Reduce costs? Impressive, right?

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

Nanonets

AUGUST 21, 2023

Invoice processing B2B payment automation solutions can capture data and review invoices to ensure accuracy and completeness. It extracts vital data like invoice number, date, supplier name, and amount due and matches it with corresponding purchase orders and contracts. With the median processing cost between $2.01

Automation 52

Automation B2B Payment APIs and Integration Payments 52

Nanonets

FEBRUARY 21, 2024

Payment Processing : Approved invoices are scheduled for payment based on terms and cash flow considerations. It is important to maintain good relationships with vendors through timely payments. Reconciliation is crucial for maintaining accurate financial records and for the preparation of financial reports.

Automation 52

Automation Process Rules Accounts 52