Nanonets

APRIL 3, 2024

The vendor reconciliation process is the systematic procedure of verifying and aligning the financial records of a company with those of its vendors. All line items must be reviewed for errors in vendor names, invoice numbers, payment amounts, and terms.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

EBizCharge

OCTOBER 17, 2023

Fortunately, the National Automated Clearing House Association (NACHA) , the governing body over the ACH Network, has processes, procedures, and safeguards to protect consumers and merchants from transaction errors. This can be due to duplicate payments, incorrect amounts or recipients, payment date errors, technical errors, etc.

ACH 52

ACH Returns RDFI ODFI 52

Nanonets

APRIL 12, 2023

This leaves minor purchases to be less controlled with procedures that vary from department to department, creating compliance risks. At the heart of Nanonets is its ability to automatically sync invoices and payment information from any source, including emails, PDFs, and scanned documents.

Assessments 52

Assessments Compliance Process Automation 52

Nanonets

SEPTEMBER 21, 2023

By leveraging advanced optical character recognition (OCR) technology, the software accurately captures invoice details such as invoice number, vendor name, payment amount, and due date, facilitating efficient invoice management. This leads to faster invoice processing, reduced payment delays, and improved vendor satisfaction.

Accounts 40

Accounts Best Practices Automation Reconciliation 40