Fintech News

JANUARY 30, 2024

Decentralised finance , which utilises blockchain technology, employs open-source technology to reduce costly payment processing fees by minimising the need for intermediaries. The Role of AI in Payment Services The introduction of artificial intelligence (AI) in the payments sector has brought a plethora of benefits.

Payments Trends 115

Payments Trends Digital Currency Cross-Border Payments Instant Payments 115

Nanonets

FEBRUARY 1, 2024

In the rapidly evolving business landscape, the efficiency of Accounts Payable (AP) processes is no longer just a back-office concern but a strategic imperative. Accounts Payable (AP) automation is the use of technology to streamline and improve the process of managing a company's bills and payments owed to others.

Automation 64

Automation Accounts Process Multi-Currency 64

Nanonets

APRIL 16, 2023

Source: esker The introduction of intelligent automation into the accounts payable process minimizes the risk of manual intervention, accelerates operations, and helps maintain compliance. Although you may think the AP automation process starts with invoice capture , digitization actually begins with the supplier relationship.

Automation 52

Automation AI Accounts Reconciliation 52

Nanonets

AUGUST 21, 2023

B2B payment automation involves everything from the automation of capturing and processing invoices to making payments to vendors and reconciling those payments in your books. What if you could reduce these costs by 80% and increase the speed of processing invoices by up to 10 times?

Automation 52

Automation B2B Payment APIs and Integration Payments 52

Nanonets

NOVEMBER 15, 2023

Could adopting a paperless accounts payable process be the solution? The term paperless accounts payable refers to a completely digital AP process, eliminating the need for paper invoices. The term paperless accounts payable refers to a completely digital AP process, eliminating the need for paper invoices. Impressive, right?

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

Nanonets

FEBRUARY 21, 2024

Inefficient Approval Workflows : Traditional processes often involve cumbersome approval chains that delay payments and complicate cash flow management. In essence, while QuickBooks provides the foundation for solid financial management, the manual processing of invoices acts as a brake on potential efficiency gains.

Automation 52

Automation Process Rules Accounts 52

Core

OCTOBER 4, 2023

The presence of outdated legacy and manual, error-prone payment processing systems only underscores this reality. Government enterprise resource planning (ERP) payment systems arise to confront these challenges. Here is everything you need to know about the benefits and challenges of ERP payment systems.

Governance 52

Governance Government Payment Reconciliation Payment Gateways 52