Fintech News

JANUARY 30, 2024

One of the key functions of AI in this domain is its ability to match incoming payments with outstanding invoices, thereby automating payment reconciliation and significantly reducing manual efforts. AI also plays a crucial role in identifying potential payment delays, such as disputes, and facilitates proactive resolution.

Payments Trends 116

Payments Trends Digital Currency Cross-Border Payments Instant Payments 116

Nanonets

FEBRUARY 1, 2024

Payments: Difficulty in managing multiple payment terms, schedules and currencies while ensuring timely payments. Reconciliation: Labor-intensive process of matching bank transactions with ledger entries. Dramatic Cost Reductions in Processing Let's start with the financial health of your department.

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%. In case of a mismatch or discrepancy, it raises an alert, allowing you to catch errors early and avoid payment delays or disputes.

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

Nanonets

AUGUST 21, 2023

You can easily connect it with your existing accounting systems, including QuickBooks and Sage, so it doesn't disrupt your current processes. Payment reconciliation Once the payments have been executed, the automation software will then reconcile them. With the median processing cost between $2.01

Automation 52

Automation B2B Payment APIs and Integration Payments 52

Nanonets

FEBRUARY 26, 2024

Payments: Difficulty in managing multiple payment terms, schedules and currencies while ensuring timely payments. Reconciliation: Labor-intensive process of matching bank transactions with ledger entries. What is Accounts Payable Automation?

Automation 52

Automation Accounts Payment APIs and Integration Process 52