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AP Teams Need Automation to Combat Rise in AI Invoice Fraud Finds Basware

The Fintech Times

This is made all the more difficult when AP teams are the ones that are forced to deal with fraud attacks while managing supplier payments. Tools such as ChatGPT enable the mass creation of communications and fake invoices, increasing risks and delays in resolving legitimate disputes.

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What ‘Work From Home’ Means For Paper-Based AR Departments

PYMNTS

.” While COVID-19 may jumpstart some conversations about organizations’ abilities to adopt electronic payments and cloud-based financial processes, digitization is not the silver bullet to process inefficiencies, whether it’s during a pandemic or not. Lockbox Data Headaches. ” asked Biegel.

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How To Integrate a Payment Gateway into Sage Software

EBizCharge

To ensure a seamless adoption, train staff on how to process payments within Sage and equip them with troubleshooting knowledge for common issues. Establishing a routine for monitoring transactions, reconciliations, and financial reports will also enable your business to maintain accuracy and sufficient payment security.

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How to Automate Insurance Claims Processing

Nanonets

Digital payments: The claim processing platform is integrated with digital payment tools such as direct bank transfers or mobile payment systems. This speeds up payment disbursement and provides a clear, traceable record of transactions for dispute resolution.