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This Week in Fintech: TFT Bi-Weekly News Roundup 23/01

The Fintech Times

Funding and investments Ozone API, the open banking API platform, has raised a £8.5million Series A round to fund its continued global expansion. Fintex Capital, the investment firm specialising in private debt, has expanded its mezzanine financing for ThinCats , the leading alternative provider of business loans to mid-sized UK businesses.

FinTech 69
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Expense Policy 101: How to Create and Implement Your Business Expense Policy

Nanonets

It comes with clear, concise guidelines that tell your team how to spend company cash without sparking a finance team meltdown. Here’s the breakdown: Guidelines on Reimbursable vs. Non-reimbursable Expenses : It clearly outlines what expenses are on the company’s dime and what’s not.

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How to streamline your Expense Reimbursement process

Nanonets

Fraudulent Claims Intentional Misreporting Submission of non-business-related expenses as business expenses. Non-compliance with IRS or International Guidelines Misclassification of expenses can lead to tax compliance issues. Duplicate Claims Employees submitting the same expense for reimbursement more than once.

Process 52
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Overcoming Accounting Problems: Your Friendly Guide

Nanonets

Non-compliance with Regulations Compliance with accounting regulations is essential to avoid legal issues and penalties. Non-compliance with Regulations Invest in proper   training , monitor regulatory changes, and utilize compliance software. However, there are effective solutions to each of these challenges.

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The Ultimate Expense Management Guide for Businesses

Nanonets

They move from playing defense with their finances to playing offense. This allowed their finance team to spot a sudden, unexplained increase in marketing expenses and quickly address the issue, preventing budget overrun. This isn't a trend limited to the finance or tech sectors; it's a cross-industrial movement.

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How to Categorize Business Expenses?

Nanonets

When it comes to managing your business finances, one of the fundamental steps you can take is to categorize your expenses. This involves developing a comprehensive list of popular business expense categories, ensuring that each transaction your company makes is neatly assigned to its rightful place. Why Categorize Business Expenses?

IRS 52
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Reopening: The Tech-Enabled Office In A Post-Covid World

CB Insights

To stay ahead of the curve, companies will need to consider key investments across wellness, remote collaboration tools, mobile cybersecurity tech, accessible HR tools, and workforce training programs for professional development and upskilling. TABLE OF CONTENTS. Lobbies and building entrances: pre-entry wellness checks.

Posting 101