Fintech News

JANUARY 30, 2024

AI-powered processes have streamlined labour-intensive tasks, minimised errors, and sped up transactions. 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.

Payments Trends 109

Payments Trends Digital Currency Cross-Border Payments Instant Payments 109

Nanonets

APRIL 16, 2023

Get Started Approval Process The best AP automation software runs an efficient approval process from approval prediction to multi-tier approval management. This helps a business take advantage of the early payment cycle and cuts processing costs. All payment remittance advice is rolled up into one clear report.

Automation 52

Automation AI Accounts Reconciliation 52

Nanonets

FEBRUARY 1, 2024

Approval: Cumbersome approval process with challenges in providing context to approvers, tracking invoice status and ensuring timely authorizations. Payments: Difficulty in managing multiple payment terms, schedules and currencies while ensuring timely payments. What once took days can now be done in minutes.

Automation 64

Automation Accounts Process Multi-Currency 64

Nanonets

AUGUST 21, 2023

You can easily connect it with your existing accounting systems, including QuickBooks and Sage, so it doesn't disrupt your current processes. Payment reconciliation Once the payments have been executed, the automation software will then reconcile them. With the median processing cost between $2.01

Automation 52

Automation B2B Payment APIs and Integration Payments 52

Nanonets

NOVEMBER 15, 2023

Let's say you process 10,000 invoices monthly at $10 each. Now consider this: roughly a third of businesses surveyed were able to reduce invoice processing costs even more: a whopping 50%. Are there late payments? Do you find reconciliation difficult? Reduce costs? Impressive, right?

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

Core

OCTOBER 4, 2023

With multiple payment options available, citizens can choose the best method for them, leading to improved cash flow. Minimized Fees and Costs ERP payment systems help organizations minimize transaction fees and processing costs for both sides of the transaction.

Government 52

Government Governance Payment Reconciliation Payment Gateways 52

Nanonets

MARCH 20, 2023

  The use of accounts payable software results in a 73% faster processing time. According to Goldman Sachs , the use of accounts payable automation software also results in 33% reduction in processing costs. Looking to automate your manual AP Processes?

Accounts 52

Accounts Payment APIs and Integration Multi-Currency Automation 52