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Payment Reconciliation Related Topics 
Nanonets
APRIL 24, 2024
Introduction Accuracy and efficiency are non-negotiable in the processing of payments in any company, be they payments received by the company for products/services rendered, or made to vendors for products/services received. Payment reconciliation is the process of verifying all payment transactions.
Agile Payments
DECEMBER 10, 2020
Disrupting the ACH and Credit Card settlement and funding process via a Funding Report.
Nanonets
JUNE 21, 2023
As transactions flow in and out, reconciling payments becomes crucial to ensure accuracy, identify discrepancies, and maintain a clear financial picture. Manual payment reconciliation processes can be time-consuming, error-prone, and inefficient. What is payment reconciliation?
Paystand
SEPTEMBER 19, 2024
Table of Contents What is payment reconciliation? How does payment reconciliation work? Why is payment reconciliation important? What are the three types of payment reconciliation? How can automation improve payment reconciliation?
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.
Payments Source
APRIL 8, 2020
For decades, automated check reconciliation stood out as the lone sanctuary for AR professionals. However, the advent of payment automation indicates that electronic payment reconciliation is more than capable of taking up the baton, says Nvoicepay's Kim Lockett.
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Finextra
OCTOBER 17, 2024
In a world where businesses fiercely compete for customer attention and trust, cultivating loyalty h.
PYMNTS
MARCH 10, 2020
The collaboration is aimed at assisting Airwallex’s small- to medium-sized business (SMB) customers to easily handle local and global payments. Australian cross-border FinTech unicorn Airwallex is integrating with New Zealand’s cloud-based accounting platform Xero , Airwallex announced Tuesday (March 10).
The Paypers
DECEMBER 12, 2018
(The Paypers) PerfectCard , an Ireland-based fintech provider of employee reward and corporate expense solutions, has joined Banking Circle to streamline payment reconciliation.
Fintech Finance
SEPTEMBER 16, 2024
As Open Banking payments require minimal manual data entry and are sent directly from a taxpayer’s bank account using pre-filled HMRC account details, the solution significantly improves payment reconciliation.
Fintech Finance
NOVEMBER 13, 2024
Traditionally, brands have lacked the payment infrastructure that enables retailers to settle invoices via methods other than bank transfer – which can be expensive, slow and lead to late payments.
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The Fintech Times
AUGUST 24, 2024
For a long time, the retail and hospitality sectors have faced the ‘last mile’ data problem in cash credit card payment reconciliation. By streamlining the payment reconciliation process, businesses can expect significant improvements in operational efficiency, reduced errors, and enhanced financial control.
Fintech Finance
DECEMBER 12, 2024
Research from the Netherlands shows that invoices that contain payment links are paid on average three times faster than those that dont, and that 40% of customers who receive a payment link generally pay within 24 hours compared to just 5% for traditional payment methods.
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PYMNTS
DECEMBER 16, 2020
“The supply side businesses benefit from timely payments of invoices which would significantly help to improve their cash-flows and to get access to innovative features, including a dashboard for analytical reporting, which help in seamless payment reconciliation.”.
Fintech Finance
SEPTEMBER 18, 2024
This funding will enable Slope to expand its order-to-cash automation platform for enterprise clients, enhancing its capabilities in AI-driven checkout, risk assessment, financing, and payment reconciliation.
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PYMNTS
FEBRUARY 25, 2020
Everyone who touches accounting knows that travel payment reconciliation is an issue, but it was always one of those ‘necessary evils’ you had to deal with,” said Vik Shah, corporate controller at Zoom. “I I wasn’t surprised when TripActions came to me with a solution. “I I wasn’t surprised when TripActions came to me with a solution.
Fintech Finance
OCTOBER 15, 2024
By bringing together best-of-breed business travel and expense management services from Navan and corporate cards from Brex, BrexPay for Navan saves enterprises hours each month with automated receipts, accounting, and 100% payment reconciliation.
PYMNTS
DECEMBER 15, 2020
On top of these industry-specific challenges, the legal cannabis space faces the traditional hurdles associated with B2B payments: friction in invoice processing and payment reconciliation, cash flow management challenges, and the disconnect between when buyers want to pay and sellers want to get paid.
111 
The Paypers
AUGUST 23, 2024
PayComplete has announced its partnership with US-founded cloud-based solutions company Evention in order to tackle payment reconciliation challenges.
Fintech Finance
JUNE 7, 2024
Collecting large transactions using traditional payment methods such as cheques and wire transfers typically results in prolonged payment reconciliation periods, excessive administrative burdens, and significant risks due to human error. This automation minimizes manual intervention and reduces administrative workload.
PYMNTS
JULY 8, 2020
Steve Robert , co-founder and CEO of Autobooks, said it would now be easy for SMBs to “enroll and receive online payments in minutes, saving hours each month through our automated payment reconciliation and accounting functionality,” according to the release.
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Fintech Finance
SEPTEMBER 25, 2024
Through its proprietary payments platform, Apron enables customers to pay anyone, whether its employees or suppliers anywhere in the world. Apron also integrates easily with a business’s existing accounting tools (Xero or Quickbooks) for instant payment reconciliation.
The Fintech Times
NOVEMBER 15, 2024
Blink Payment plans to offer support to brands, serviced by Zedonk, that lack the payment infrastructure enabling them to settle invoices via methods other than bank transfer – which can be slow and expensive.
59 
The Paypers
FEBRUARY 28, 2023
UK-based payment orchestration platform Corefy has announced the roll out of the Payment Reconciliation centre.
Fintech Finance
FEBRUARY 22, 2024
New research commissioned by AutoRek , a leading software provider to companies in the global financial services sector, has revealed the most current problems facing payments firms today, as well as their perceptions on regulation, compliance, and payments reconciliation.
The Fintech Times
SEPTEMBER 18, 2024
This can create roadblocks that ultimately lead to poor payment reconciliation. The intelligent automation of money movement and liquidity reconciliation can revolutionise the process. It gives enterprises the transparency they need with real-time cash forecasting.
PYMNTS
JULY 22, 2020
Standardization of payments messaging and enriched data, along with the immediacy of funds, has enabled real-time payments infrastructure to introduce greater value to organizations in areas like financial crime prevention and payment reconciliation. ” Driving Ubiquity.
Fintech Finance
OCTOBER 28, 2024
.” “We are bringing an innovative bill payment solution to the market in partnership with Mastercard, driven by our deep understanding of the challenges billers face in payment reconciliation,” said Manuel Steremberg, head of innovation at FitBank.
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PYMNTS
MARCH 31, 2020
This intelligence helps improve future routing accuracy, streamlines payment reconciliation processes, and maintains data hygiene in the ERP,” the release stated. The technology works in the background to provide correct approval routing and general ledger (GL) coding at the bill as well as bill line level.
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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! They are used in the US for bulk payments such as salaries. per check avoided.
PYMNTS
MARCH 2, 2020
It reduces manual processes while increasing payment reconciliation timelines. . Founded in 2015, Redeam describes itself as the only worldwide technology firm that has an agnostic channel manager linking supply and demand for the travel experiences sector. It strives to advance ticket sales while offering a seamless check-in process.
PYMNTS
FEBRUARY 17, 2020
A provider is able to offer the consumer a relevant payment plan for services upfront, instead of chasing them down as part of a collections process or having the consumer forego what could be a necessary medical procedure.
91 
Nanonets
NOVEMBER 20, 2023
Global Payment Reconciliation: Some automation solutions offer real-time automated global payment reconciliation, supporting multiple payment methods and currencies. Nanonets effortlessly syncs with ERP or accounting software, providing real-time accuracy and eliminating the need for manual reconciliation.
PYMNTS
JUNE 10, 2020
The new partnership will combine “global open banking initiatives, Samsung SDS’ Nexledger Universal platform and Credorax’s industry expertise” in order to provide automatic payment reconciliation, remittances and invoices for B2B payments.
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Core
OCTOBER 4, 2023
CORE’s PCI-compliant software is designed to meet rigorous security standards to handle digital transactions while maintaining the trust of citizens and the safety of their payment data. Automated Payment Reconciliation Payment reconciliation can be time-consuming and prone to errors.
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Fintech Finance
SEPTEMBER 18, 2024
Without consistent and reliable data tracking of spend, teams can encounter obstacles that impede efficient cash flow management and identification of areas for improvement, creating roadblocks that ultimately lead to poor payment reconciliation.
Nanonets
APRIL 6, 2023
Finance Automating finance-related workflows, such as invoice processing and payment reconciliation, can reduce manual data entry, improve accuracy, and reduce processing times. Nanonets can be used to automate invoice processing and payment reconciliation.
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Fintech News
JANUARY 30, 2024
One of the key functions of AI in this domain is its ability to match incoming payments with outstanding invoices, thereby automating payment reconciliation and significantly reducing manual efforts. AI also plays a crucial role in identifying potential payment delays, such as disputes, and facilitates proactive resolution.
120 
PYMNTS
JUNE 16, 2020
In healthcare, the data needed for payments reconciliation rests within a patient accounting system, which in turn sits inside an electronic health record.
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The Paypers
JANUARY 8, 2019
(The Paypers) SafeCharge has announced an extension of its partnership with Gett to streamline payment reconciliation processes across all its payment partners globally.
PYMNTS
MARCH 27, 2019
“By streamlining supplier onboarding, tax compliance, invoice processing, global payments and payment reconciliation, Tipalti helps modern finance organizations strategically scale more rapidly and efficiently.”
46 
The Fintech Times
JANUARY 11, 2024
This includes everything from initial planning and budgeting to the expenditure via cards and invoices, integrated payments, reconciliation, and gaining insightful analyses. We want to empower them with complete control over the entire spend management process. What has been the biggest challenge or most ‘tricky moment’ to overcome?
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Fintech Finance
FEBRUARY 7, 2024
Through its innovative platform, Sabre Virtual Payments facilitates a single point of integration between travel agencies, Revolut and various booking tools. It automates payment reconciliation and delivers comprehensive payment data reporting to offer secured and fully integrated end-to-end payment services.
Nanonets
MARCH 29, 2023
Payment Processing : Once payment has been authorized, the accounts payable department processes the payment. This typically involves printing a check or initiating an electronic payment. For example, Nanonets can analyze payment data and identify invoices that have not been paid or that have been overpaid.
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