Nanonets

AUGUST 7, 2023

Join us as we dive headfirst into the captivating realm of AI image processing. What is AI Image Processing? At its core, AI image processing is the marriage of two cutting-edge fields: artificial intelligence (AI) and computer vision. How does AI Image Processing Work? 

AI 90

AI Process On-Demand Automation 90

Finovate

MAY 20, 2024

90% reduction in data duplication 78% decrease in time needed to research records 5 hours per week saved by eliminating manual processes Time-to-response decreased from 1 to 2 days to less than 1 hour 35% increase in customer retention rates Join LeanData at FinovateSpring next week and see it in action.

Duplicate 117

Duplicate Facilitators Research Process 117

Nanonets

JUNE 14, 2024

The procure-to-pay process encompasses all processes involved in the entire lifecycle of purchasing goods and services. From initial requisition to final payment, this process involves multiple stakeholders with complex workflows and necessitates significant financial checks and control over itself. What is Procure-to-Pay?

P2P 52

P2P Process Automation Checks 52

Chargebee

MAY 23, 2024

An unplanned migration process can lead to data duplication, inaccurate revenue reporting, and business downtime – all affecting the incredible subscriber experience you want to deliver to your customers. You’ll reach the finish line only when you nail the implementation, migration, and onboarding.

Best Practices 76

Best Practices Duplicate Process 76

Nanonets

MAY 11, 2023

Invoice processing or bill processing is the whole gamut of operations associated with the business-end (pun unintended) of purchasing products/services from a vendor.  Let us see how invoices are processed and how automation helps streamline invoice management to help businesses run more efficiently.

Process 52

Process Automation Audit Checks 52

PYMNTS

AUGUST 14, 2020

The COVID-19 pandemic and its resulting economic downturn have placed new strains on corporate buyers that could persuade them to more quickly replace manual AP processes with digital ones. Companies that relied on local AP processes were caught flat-footed by the public health need for employees to work remotely whenever possible.

Process 106

Process Duplicate Automation AI 106

Nanonets

NOVEMBER 16, 2023

As businesses get more complex and grow in scale, the vendor payments process becomes more intricate, time-consuming, and important. Luckily for AP teams around the world, new tools and technologies have been developed to make it easier to efficiently manage the vendor payments process. 

Process 52

Process Technology Wire Transfer Payments 52

Nanonets

JANUARY 8, 2024

Bank Reconciliation is the process of matching the company's cash books to the bank statement. However, let's understand the manual bank reconciliation process once: Step 1: Gather documents On the bank side, you need the bank statements, outstanding checks, deposits, and any pending transactions.

Reconciliation 52

Reconciliation Process Adjustments Checks 52

Chargebee

MAY 24, 2024

An unplanned migration process can lead to data duplication, inaccurate revenue reporting, and business downtime – all affecting the incredible subscriber experience you want to deliver to your customers. You’ll reach the finish line only when you nail the implementation, migration, and onboarding.

Best Practices 52

Best Practices Duplicate Process 52

Fi911

JULY 19, 2024

List of Visa Chargeback Reason Codes: By Category Visa chargeback reason codes are divided into four main categories: Fraud, Authorization, Processing Errors, and Consumer Disputes. Visa Fraud Monitoring Program Authorization These reason codes are related to issues with the authorization process. Duplicate Processing 12.6.2:

Disputes 81

Disputes Duplicate Non-Bank Authorization 81

Nanonets

JUNE 27, 2023

Managing accounts payable processes efficiently is crucial for any organization, impacting cash flow, vendor relationships, and overall financial performance. One significant aspect of accounts payable is the processing of invoices. How much does it cost to process an invoice? How long does invoice processing take on average?

Process 52

Process Automation Electronic Funds Transfer (EFT) Volume 52

The Paypers

MARCH 29, 2024

Lithuania-based regtech company iDenfy has announced that it entered a collaboration with FTMO , aiming to simplify the latter’s onboarding process and prevent duplicate accounts.

Duplicate 41

Duplicate Accounts Process 41

VISTA InfoSec

MARCH 28, 2024

To achieve this, regularly review your data collection forms and processes to identify and eliminate any unnecessary data fields. Regular data cleaning processes should also be in place to identify and correct inaccuracies or remove duplicate records.

Data Breach 249

Data Breach Regulatory Compliance Breach Encryption 249

PYMNTS

JANUARY 19, 2018

Wells Fargo has fixed a glitch that caused online bill payments to be processed twice, infuriating customers who had their accounts inadvertently overdrawn. “On On January 17, an internal processing error caused temporary double posting of some items, impacting some customers.

Duplicate 40

Duplicate Enrollments Debit Card Payments 40

PYMNTS

DECEMBER 18, 2020

Such modernizations could help financial departments process invoices more quickly and easily.”. According to the new Digital Shift Report , “many businesses may think their AP processes — although not perfect — are working fine. Additionally, duplicate payments are just as serious and will impact the buyer’s cash flow.

Automation 64

Automation Process AI Payments 64

PYMNTS

MAY 7, 2020

There is a difference, he explained, between this analytical approach, and the operational approach that process mining technology can take. Celonis recently rolled out a process mining operational application designed for the accounts payable department with a focus on enabling businesses to optimize their payment processes.

Process 56

Process B2B Payments Accounts 56

PYMNTS

OCTOBER 25, 2019

24), a payment processing tool for small businesses to support faster invoice payments and accelerate accounts receivable. Kabbage said the solution negates the need for a small business owner to generate individual accounts, open new payment orders or duplicate documents for recurring invoices sent out to customers.

Process 40

Process Small Business Payments Duplicate 40

Nanonets

FEBRUARY 19, 2024

After meticulous adjustments, achieving that zero balance feels like a triumph, marking the completion of your reconciliation process in QuickBooks Online. Reconciliation in QuickBooks Online is an indispensable process for businesses aiming to maintain accurate and consistent financial records.

Reconciliation 52

Reconciliation Duplicate Adjustments Transactions 52

Clearly Payments

AUGUST 6, 2024

This lower win rate can be attributed to AMEX’s stringent review process and its role as both the issuer and network. Reason Codes The most common chargeback reason codes for AMEX chargebacks include: Authorization Issues: Accounting for 23% of AMEX chargebacks, these occur when transactions are processed without proper authorization.

Disputes 89

Disputes Visa Issuers Duplicate 89

PYMNTS

DECEMBER 31, 2019

Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner. Manual processes can be particularly problematic for such businesses because these firms can generate thousands of payments every day.

Process 61

Process Innovation Same Day ACH B2B 61

Payments Source

MARCH 3, 2020

Duplicates can take many different forms and can be difficult to find in a manual review process, says AppZen's Josephine McCann.

Duplicate 74

Duplicate B2B AI Process 74

Fi911

MAY 22, 2024

A payment reversal is the process through which funds from a transaction are returned to the payer’s account. This process can be triggered for various reasons, such as a disputed charge, an error in the transaction, or fraud detection. What is a Payment Reversal? In the next sections, we’ll outline how each of these work.

Payer 82

Payer Address Verification System (AVS) Disputes Payee 82

Nanonets

NOVEMBER 16, 2023

The possibility of errors surrounding payments requires several accounts payable controls to be implemented throughout the accounts payable process.  The business that is owed money will send an invoice, that invoice will be processed by the AP team, and then the AP team will send funds to the invoice owner.

Accounts 52

Accounts Best Practices Duplicate Checks 52

VISTA InfoSec

OCTOBER 20, 2023

Emergency Mode Operation Plan (Mandatory) : Formulate (and apply as necessary) strategies to ensure the continuation of vital business processes for the protection of the security of electronic protected health information during emergency operations. Detail the Assets: Catalog each asset in the inventory with its specific details.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

Fintech Finance

APRIL 22, 2024

Basware , a global leader in AP automation and invoice processing, has introduced AP Protect, an AI-powered solution that empowers finance teams to protect their organisations from the threat of profit loss, invoice errors and fraud. This recovered the value of $191m from a spend of $245bn.

Fraud Prevention 52

Fraud Prevention Duplicate Automation Scams 52

Fintech Finance

MAY 21, 2024

Deloitte and Basware have announced an alliance to enhance touchless invoice processing for global customers. The new legislation will replace paper processes and reporting as the EU and other regions trend towards a harmonized approach and centralized government databases to compare reported data.

Automation 52

Automation Duplicate Finance Best Practices 52

Payments Source

AUGUST 20, 2018

Because the legal cannabis industry is typically considered too high-risk for most banks and payment processors to work with, most technology solutions are designed to duplicate the familiar process of paying by card.

Legal 73

Legal Duplicate Processors Risk 73

Payments Source

AUGUST 14, 2019

Were the Fed to develop its own payments platform, it would be expensive, duplicative, inefficient, and curtail development of real-time services, argues the National Taxpayers Union's Thomas Aiello.

Fed 117

Fed Faster Payments Duplicate Payments 117

Fi911

AUGUST 7, 2024

Reason codes are useful in pinpointing processing mistakes, merchant fraud, and other justifiable dispute causes. By using these codes, all parties involved can readily understand the circumstances that prompted the chargeback. Seems to make sense, right? Well, the challenge arises when we learn that not all chargebacks are warranted.

Visa 84

Visa Disputes Authorization CHIPS 84

Fi911

AUGUST 28, 2024

These codes categorize Discover card chargebacks into various types, such as fraudulent transactions, service problems, or processing errors. Each reason code corresponds to particular circumstances surrounding the dispute, providing clarity in the chargeback process and guiding the necessary steps for both parties.

Disputes 52

Disputes Non-Bank CHIPS Authorization 52

Clearly Payments

OCTOBER 1, 2024

The main cost for merchants to accept credit cards is the interchange fee , a fee paid by merchants to the card-issuing bank each time a credit card transaction is processed. Understanding Interchange Fees Interchange fees are an integral part of the payment processing system. However, convenience often comes at a cost.

Contactless Payments 81

Contactless Payments CHIPS Credit Cards EMV 81

Payment Savvy

MAY 12, 2023

With the increasing need for cost savings, efficient payment processing, and secure financial data management, payment automation has become an essential tool for modern businesses. Payment automation is the process of automating the payment process to streamline accounts payable departments. Cost savings. Improved cash flow.

Automation 52

Automation ACH Payments Duplicate 52

Payments Source

FEBRUARY 13, 2020

It can be hard to spot insider fraud, duplicate invoices and service glitches by hand, says says AppZen's Anant Kale.

Duplicate 97

Duplicate ISOs Process Payments 97

Fi911

AUGUST 16, 2024

These codes are valuable in identifying processing errors, merchant-related fraud, and other legitimate reasons for disputes. By implementing these codes, all stakeholders can easily grasp the reasons behind a chargeback. This seems logical, but the complication arises from the fact that not all chargebacks are justified.

Disputes 52

Disputes Non-Bank EMV Authorization 52

Nanonets

MARCH 22, 2023

Growing businesses have to maintain relationships with many suppliers and vendors, and this usually ends up making the Accounts Payable process complicated. Vendors with different invoicing standards/procedures tend to make accounts payable processes quite cumbersome. Looking to automate your manual AP Processes?

Accounts 52

Accounts Duplicate Automation Privacy 52

EBizCharge

OCTOBER 17, 2023

Every day, billions of dollars in transactions are processed around the world. This article will explore the processes involved in ACH payments, explaining how to distinguish returns vs. reversals and answering common questions such as what is an ACH return and can you reverse an ACH payment? What is an ACH return?

ACH 52

ACH Returns RDFI ODFI 52

Nanonets

JUNE 25, 2024

This guide will walk you through the process of invoice coding, how to automate it, and the best practices. Invoice coding is the process of assigning specific identifiers to each line item on an invoice. This process, while thorough, is time-consuming and prone to errors. And how can you implement invoice in your organization?

Automation 52

Automation Payment APIs and Integration Rules Process 52