Nanonets

MAY 7, 2024

Expense reconciliation is the process through which businesses track expenditures, identify anomalies, adhere to regulatory requirements, and maintain financial accuracy and integrity. What is Expense Reconciliation? Compliance and Regulation : Expense reconciliation is crucial for compliance with financial regulations and standards.

Reconciliation 52

Reconciliation Best Practices Compliance Credit Cards 52

Nanonets

APRIL 17, 2024

Introduction to Bank Reconciliation Journal Entries Bank reconciliation is an important process in accounting that ensures the accuracy and integrity of a company's financial records. Looking out for a Reconciliation Software?

Reconciliation 52

Reconciliation Adjustments Audit Checks 52

Nanonets

MAY 21, 2024

Seven Best Practices for Effective Account Reconciliations From Mesopotamia's rudimentary ledgers tracking livestock and crops to the second-century BCE Indian treatise " Arthashastra ", accounting has been a cornerstone of economic management in any civilized society.

Best Practices 52

Best Practices Reconciliation Accounts Payment APIs and Integration 52

Nanonets

MAY 21, 2024

Accounts receivable reconciliation is a crucial process within accounting and financial management practices undertaken regularly by a business. What is Accounts Receivable Reconciliation? This involves cross-referencing various sources of information, such as invoices, sales receipts, customer payments, and ageing reports.

Reconciliation 52

Reconciliation Accounts Adjustments Correspondent 52

Nanonets

JUNE 19, 2024

What is the Vendor Reconciliation Process in Accounts Payable Vendor reconciliation is a critical practice in accounts payable to ensure the completeness and accuracy of vendor payments. By periodically performing vendor reconciliation, accounts payable teams ensure that the amounts recorded by both parties match exactly.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

Nanonets

APRIL 29, 2024

The Top Credit Card Reconciliation Softwares in 2024 Credit card reconciliation is a crucial aspect of financial management for businesses of all sizes. What is Credit Card Reconciliation? This may include invoices, receipts, purchase orders, or other documentation related to the transactions.

Reconciliation 52

Reconciliation Credit Cards Correspondent PCI DSS 52

Nanonets

APRIL 23, 2024

A Guide to NetSuite Account Reconciliation Accurate financial records are an important part of any business’ ability to make informed decisions and also adhere to legal regulations. What Is Account Reconciliation? 

Reconciliation 52

Reconciliation Accounts Multi-Currency Audit 52

Nanonets

APRIL 29, 2024

  In modern finance, where transactions occur at breakneck speed and fin-data volumes swell exponentially, the traditional methods of manual reconciliation are increasingly becoming inadequate. This is where balance sheet reconciliation software steps in to ensure speed, efficiency and accuracy in financial management.  

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Compliance 52

Nanonets

APRIL 1, 2024

Introduction In both personal and business finance, the management of outstanding checks and thorough bank reconciliation practices are important for maintaining financial hygiene. Looking out for a Reconciliation Software? What is Bank Reconciliation? Neglecting them can result in fees, credit damage, and legal consequences.

Reconciliation 52

Reconciliation Checks Automation Process 52

Nanonets

APRIL 19, 2024

Petty Cash Reconciliation: What is It, Best Practices, and Automation Petty cash, also referred to as a small cash fund, is a fixed amount of money reserved for minor expenses in a business.   Looking out for a Reconciliation Software? What are the Steps Involved in Petty Cash Reconciliation?

Best Practices 52

Best Practices Reconciliation Automation Procedures 52

Nanonets

APRIL 24, 2024

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies. Looking out for a Reconciliation Software?

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

Nanonets

APRIL 15, 2024

What is a Bank Reconciliation Statement Bank reconciliation is the process that ensures that a company's recorded cash balances align with the funds in their bank accounts. In effect, the reconciliation statement is a document that presents the comparison between the internal financial records of a company (e.g.

Reconciliation 52

Reconciliation Adjustments Correspondent Checks 52

Nanonets

FEBRUARY 21, 2024

Introduction Cash reconciliation remains a critical process in today’s retail environment, despite the shift from traditional cash registers to advanced point-of-sale (POS) systems. What is Cash Reconciliation?

Reconciliation 52

Reconciliation Best Practices Automation Point-of-Sale (POS) 52

Nanonets

JULY 24, 2023

Finance reconciliation plays a pivotal role in ensuring the reliability and accuracy of a business's financial records.   Financial reconciliation is a recurring process that encompasses various sources of financial information within a business. What is finance reconciliation?

Reconciliation 52

Reconciliation Finance Duplicate Accounts 52

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. The question arises: Can you undo a reconciliation in QuickBooks Online? For accountants with the necessary permissions, undoing an entire reconciliation is straightforward.

Reconciliation 52

Reconciliation Duplicate Adjustments Transactions 52

Nanonets

JUNE 23, 2023

Balance sheet reconciliation is a critical process in finance and accounting that ensures the accuracy and integrity of financial statements. While it may seem like a straightforward process, there are common mistakes that can hinder the effectiveness of balance sheet reconciliation. What is Balance Sheet Reconciliation?

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

Clearly Payments

NOVEMBER 10, 2023

Reconciliation is the process of matching financial records to ensure they align correctly. Credit card statements, with their detailed transaction records, simplify the reconciliation process. Conduct Regular Reconciliation Prioritize regular reconciliation of credit card statements, ideally on a daily or weekly basis.

Reconciliation 52

Reconciliation Credit Cards Processors SWIFT 52

Nanonets

JULY 21, 2023

Ensuring the accuracy and integrity of the general ledger requires regular reconciliation. In this article, we will delve into the concept of general ledger reconciliation, its importance to businesses, and how to achieve it efficiently with the help of automation, particularly tools like Nanonets.

Reconciliation 52

Reconciliation Automation Audit Process 52

Nanonets

JUNE 21, 2023

In the world of finance and accounting, the process of reconciliation plays a vital role in ensuring accurate and transparent financial records. Reconciliation is the act of comparing and matching two sets of data to ensure their consistency and accuracy. Manual reconciliation can be time-consuming, prone to errors, and inefficient.

Reconciliation 52

Reconciliation Process Adjustments Automation 52

Nanonets

JUNE 21, 2023

Efficient reconciliation of payments is a vital aspect of financial management for businesses of all sizes. Manual payment reconciliation processes can be time-consuming, error-prone, and inefficient. Manual payment reconciliation processes can be time-consuming, error-prone, and inefficient. What is payment reconciliation?

Payment Reconciliation 52

Payment Reconciliation Reconciliation Best Practices Automation 52

Fintech Finance

MARCH 14, 2024

This allows their retail destinations to drive efficiency in their collection process while at the same time eliminating the need of manual reconciliation through traditional collection methods. The post Visa, Merex Investment, and PayMate Partner to Facilitate Retail B2B Rental Collections appeared first on Fintech Finance.

B2B 52

B2B Facilitators Commercial Card Reconciliation 52

The Payments Association

JULY 15, 2024

Already operational in Europe, the UK, and Canada, Noda's expansion will allow merchants from any jurisdiction to access its cross-border, multichannel payment services, unified reconciliation, and instant banking transfers.

Payment APIs and Integration 88

Payment APIs and Integration Cross-Border Reconciliation Facilitators 88

PYMNTS

JULY 12, 2019

Order-to-cash solutions provider Billtrust has added Priority Commercial Payments to its Business Payments Network (BPN) to streamline B2B payments reconciliation, the companies said in a press release this week.

Payment Reconciliation 51

Payment Reconciliation Reconciliation B2B Payments 51

Fintech News

APRIL 21, 2024

The mobile virtual card app draws on Mastercard’s decade-long expertise in virtual card solutions that streamline the expense reporting and reconciliation process. Users can quickly add their virtual cards to digital wallets, facilitating contactless payments across various industries, including healthcare, education, and corporate travel.

Visa 100

Visa Reconciliation Contactless Payments Commercial Card 100

The Fintech Times

MAY 8, 2024

SmartStream , the financial transaction lifecycle management (TLM) solution provider, has implemented its TLM reconciliations premium digital payments control solution at AYA Bank , a Myanmar-based banking institution. “In doing so, we not only achieved the expected results but also cultivated a strong, trust-based partnership.

Volume 72

Volume Transactions Reconciliation APACS 72

PYMNTS

DECEMBER 2, 2020

eCommerce firms with global ambitions often choose to enlist third-party help to facilitate the cross-border payments that can fuel their growth. These include the slow speeds that have historically plagued the cross-border payments space, as well as reconciliation issues and high costs, to name a few examples.

Cross-Border 69

Cross-Border Facilitators Cross-Border Payments B2B 69

Finovate

JULY 8, 2024

Automated reconciliation software company AutoRek has announced a partnership with JP Morgan Payments. Automated reconciliation software provider AutoRek has teamed up with JP Morgan Payments to enhance premium processing for insurance companies. .” AutoRek made its Finovate debut at FinovateEurope 2023 in London.

Reconciliation 59

Reconciliation Payments Automation Audit 59

Finovate

SEPTEMBER 4, 2024

The services will include the ability to accept payments with the tap of a phone, automate reconciliations to accounting software systems, and more. Jack Henry is teaming up with payments platform Moov to offer enhanced payment services to SMEs. The companies will begin beta testing the new payment services by mid-2025.

Payment APIs and Integration 59

Payment APIs and Integration Credit Union Reconciliation Payments 59

The Fintech Times

JUNE 24, 2024

This eliminates the dependency on third-party intermediaries, simplifies financial workflows, ensures real-time financial insights with automatic updates, and streamlines accounting tasks with features like auto-reconciliation of bank statement.

Embedded Finance 59

Embedded Finance Payment APIs and Integration Reconciliation Automation 59

Fintech News

JANUARY 30, 2024

The integration focuses on simplifying accounting workflows, enhancing back-office reconciliation, and improving the efficiency of finance departments in sectors like manufacturing, distribution, wholesale, and construction. into their existing Dynamics 365 Business Central module.

Reconciliation 95

Reconciliation Near Real-Time Payments Real Time Payments 95

Fintech Finance

MAY 7, 2024

SmartStream , the financial Transaction Lifecycle Management (TLM®) solutions provider, today announces the successful implementation of its TLM Reconciliations Premium Digital Payments Control solution at AYA Bank , Myanmar’s premier banking institution.

Digital Payments 52

Digital Payments Reconciliation Payments APACS 52

Fintech News

APRIL 18, 2024

With this new license, Brankas can also offer Payment Initiation and/or Acquiring Services (PIAS), facilitating secure, real-time payments without the need for physical credit or debit cards. Todd Schweitzer “We appreciate the trust that Bank Indonesia has in Brankas as we become the first company in Indonesia to be licensed for AInS.

Security 102

Security Embedded Finance Debit Card Reconciliation 102

Fintech Finance

AUGUST 23, 2024

A key USP for SetldPay is their automated funds flow that allows just-in-time funding to minimise pre-funding requirements and massively simplify reconciliation. From the research we did, it was the most technologically advanced solution in the market, said Co-Founder and CEO Stuart Green.

Issuers 98

Issuers Process Reconciliation AML 98

PYMNTS

FEBRUARY 19, 2018

Travel booking company Webjet , based in Australia, has launched a blockchain solution for the hotel industry to manage reconciliation in hotel distribution. The travel industry has showed interest in using blockchain in other ways.

Reconciliation 43

Reconciliation Blockchain B2B Cross-Border Payments 43

EBizCharge

JUNE 19, 2024

Its importance is grounded in several crucial functions: it ensures that payments are accounted for correctly, simplifies the reconciliation process, and helps maintain a precise and updated receivable balance in the company’s ledger. Remittance advice is critical in financial management for any AR team.

Payer 52

Payer Reconciliation Correspondent Disputes 52

Neopay

AUGUST 5, 2024

It includes procedures for accurately identifying and managing relevant client funds, ensuring adherence to documented reconciliation processes by relevant staff, and criteria for choosing and evaluating reconciliation system providers.

Compliance 52

Compliance Procedures Audit Risk Management 52

Fintech News

APRIL 23, 2024

EzyProcure, launched in 2016, is a cloud-based platform that automates ordering, invoice reconciliation, and payment processes for businesses, particularly in the food and beverage industry. The platform helps replace manual processes with streamlined, digital solutions, freeing up valuable resources for business growth.

BNPL 97

BNPL Embedded Finance Best Practices Reconciliation 97