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

Nanonets

SEPTEMBER 21, 2023

The EDI Payment Process The  EDI payment process  involves a series of steps to initiate, transmit, and receive electronic payments. Here is a brief overview of the process: Initiation: The payment process begins with the creation of an electronic payment request by the payer. ACH, wire transfer).

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

Stax

MARCH 14, 2024

B2B businesses tend to have longer payment terms with their clients and relationships usually focus on long-term, recurring business. The amount per transaction is often quite significant and as a result, there’s typically quite a bit of negotiation that goes into determining payment amounts, terms, and cycles.

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

FEBRUARY 18, 2020

“Unlike traditional B2B areas, where the supplier and customer have agreed upon pricing, and it is the exception when the payment amount does not equal the billed amount, “ he told PYMNTS, “it is standard practice in healthcare for a provider to bill one amount only to have the payer decide to pay a completely different amount.”.

B2B 52

B2B Faster Payments Payments ACH 52

PYMNTS

MARCH 18, 2020

.” 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.

Lockbox 80

Lockbox Reconciliation Checks Automation 80

EBizCharge

APRIL 17, 2024

Payment links are web addresses that, when clicked, take the payer to a secure payment portal to complete their purchase. Here’s a guide on how payment links are used: Creation: The primary actor, typically a merchant, utilizes a payment service provider’s platform to generate a unique payment link.

Payments 59

Payments Online and Mobile Banking Payment Gateways Credit Cards 59

Nanonets

MAY 30, 2023

Looking to automate the mundane & mechanical Payment Reconciliation process? Try Nanonets ™ AI-based OCR solution to automate Payment Reconciliation in your organization!  Both payer and payee receive notifications of funds transfer, which makes it a dependable process. per check avoided.

Payment APIs and Integration 52

Payment APIs and Integration Credit Cards Payment Reconciliation Online and Mobile Banking 52