Clearly Payments

JULY 4, 2024

While they might seem small on a per-transaction basis, they add up quickly, especially for businesses with high transaction volumes. Why Industries Pay Different Interchange Fees Industries pay different interchange rates due to several key factors that influence the cost and risk associated with processing transactions.

Visa 40

Visa Payments Credit Cards Volume 40

Stax

MARCH 14, 2024

The basic strategies include increasing revenue (through higher sales volume or prices), reducing costs (by optimizing operations and cutting unnecessary expenses), diversifying income streams, and improving product or service quality to attract and retain customers. Q: What role does cost management play in maximizing profit?

CRM 68

CRM Credit Cards On-Demand Product 68

FICO

FEBRUARY 6, 2019

It is vital that chosen solutions are proven to deliver the required and potential future volumes without creating performance issues. Reduce the need for Strong Customer Authentication as much as possible by securing payments with lower cost and friction-free transaction risk analysis whenever permissible and desirable.

Authentication 53

Authentication Compliance Duplicate Risk 53

EBizCharge

MAY 2, 2024

This transparent approach allows you to see the exact cost of each transaction, facilitating better cost management. Evaluate whether this model aligns with your business’s transaction volume and budgetary constraints. Therefore, zero fee credit card processing can equate to substantial savings for these businesses.

Credit Cards 52

Credit Cards Process Processors Legal 52

PYMNTS

AUGUST 8, 2018

After OnDeck announced that it had notched better-than-expected earnings and loan volume, LendingClub followed suit with with a report that saw the firm beating Wall Street’s estimates for earnings and new originations. It’s been a good week for marketplace lenders on The Street.

Origination 40

Origination Underwriting Push-to-Card Credit Cards 40

Payment Savvy

JULY 12, 2024

Key Considerations When Choosing a Payment Service Provider Selecting the right PSP involves evaluating several critical factors to optimize cost management and operational efficiency: Transparent Fee Structures PSPs levy various fees, including setup fees, transaction fees (flat rates or percentages), and potentially monthly fees.

Debit Card 52

Debit Card Online and Mobile Banking Payments Zelle 52

Nanonets

NOVEMBER 14, 2023

Managing Costs and Risks: Cost management is a key aspect of procurement strategy. It involves negotiating favorable terms with suppliers, seeking cost-saving opportunities, and budget management. A careful evaluation of cost versus quality is essential in this strategy.

Assessments 52

Assessments Risk Risk Management Mitigation 52

Nanonets

JUNE 22, 2023

Cost management and fraud prevention Invoice reconciliation enables businesses to effectively manage costs and prevent fraudulent activities. This may be a weekly, monthly, or quarterly process, depending on your business needs and transaction volume.

Reconciliation 52

Reconciliation Audit Automation Correspondent 52

EBizCharge

JULY 8, 2024

This could mean adjusting pricing strategies, cutting unnecessary costs, or boosting investment in profitable areas. Regular P&L reviews are crucial for maintaining a sustainable balance between revenue growth and cost management. Profit and loss management also informs strategic planning.

Adjustments 52

Adjustments Accounts On-Demand Finance 52

Nanonets

MARCH 13, 2024

Some prominent use cases for OCR for invoices include: Retail : Retailers deal with a high volume of invoices from suppliers for products, services, and operational expenses. OCR helps automate the processing of these invoices, ensuring accurate recording of inventory costs, vendor payments, and expense management.

Payment APIs and Integration 52

Payment APIs and Integration Automation API Use Case 52

Nanonets

DECEMBER 10, 2023

Increased Operational Efficiency: Automating document-centric workflows leads to faster processing times, allowing logistics companies to handle larger volumes of shipments more efficiently. Enhanced Cost Management: Automation provides a comprehensive view of freight-related expenses, allowing for better cost management.

Automation 52

Automation Compliance SWIFT Process 52

EBizCharge

JUNE 26, 2024

Cost of goods manufactured vs. cost of goods sold: How to calculate each Cost of goods manufactured (COGM) and cost of goods sold (COGS) are two essential calculations in manufacturing accounting that inform the valuation of inventory and cost management.

Accounts 52

Accounts Product Best Practices Process 52

Nanonets

MAY 30, 2024

As your procurement needs evolve, the software should be able to handle increased volumes and additional complexity. You can also compare your procurement KPIs against industry standards to identify steps where improvement is needed and viable. Here is a comprehensive list of metrics that you can consider tracking, based on your objectives.

Automation 52

Automation Process P2P Compliance 52

Nanonets

SEPTEMBER 23, 2023

Management Accounting: Management accounting , also known as managerial accounting, focuses on providing internal stakeholders, such as managers and executives, with information for decision-making and performance evaluation. It involves the analysis of financial data, cost management,  budgeting , and forecasting.

Accounts 52

Accounts Compliance Regulations Audit 52