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 116

Payments Trends Digital Currency Cross-Border Payments Instant Payments 116

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 is the Typical Cost of AP Software?

Automation 64

Automation Accounts Process Multi-Currency 64

Nanonets

APRIL 16, 2023

Get Started Defining AP Automation Accounts payable automation is a set of tools that are used to streamline the AP process, remove manual input, and provide better insight into financial data. The technology is a specific SaaS that helps to manage large volumes of invoices and transactions between a business and its vendors.

Automation 52

Automation AI Accounts Reconciliation 52

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%. Reduce costs? A shorter processing time can indicate a more efficient process. Impressive, right?

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

Nanonets

MARCH 20, 2023

Automated accounts payable software can efficiently manage large volumes of financial transactions between a company and its suppliers, while also automating ancillary activities such as approvals and payments. Looking to automate your manual AP Processes? Another compelling driver of AP automation is the elimination of errors.

Accounts 52

Accounts Payment APIs and Integration Multi-Currency Automation 52