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.

Legal 111

Legal B2B Underwriting Payment Reconciliation 111

Fintech Finance

FEBRUARY 5, 2025

An all-in-one interface will allow businesses to manage payments and customer data in one place, providing actionable insights into customer behaviors and payment trends. For their part, payers can use IBP to make secure bank payments in seconds through a simple payment link.

Payment Reconciliation 52

Payment Reconciliation CRM Payer Service Provider 52

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.

Reconciliation 52

Reconciliation Payment Reconciliation Compliance Payments 52

The Fintech Times

SEPTEMBER 18, 2024

Streamlined and efficient reconciliation process A report by Capgemini indicates half of payment executives handle their cash reconciliation process manually. A common approach sees large volumes of data analysed through spreadsheets taking significant effort and time, and being prone to error.

Reconciliation 59

Reconciliation Payment Reconciliation Consulting Cash Management 59

Fintech Finance

SEPTEMBER 18, 2024

We are proud to be supporting AutoRek to build upon its success and extend its growth internationally,” said Jeroen Hölscher, Global Head of Payment Services at Capgemini. A report by Capgemini indicates half of payment executives handle their cash reconciliation process manually.

Reconciliation 52

Reconciliation Payment Reconciliation Cash Management Agreements 52

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.

Payments Trends 117

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 117

Fintech Finance

FEBRUARY 21, 2024

Kani’s platform is the only data reporting and reconciliation tool that can also automate the required output of the complex Mastercard QMR and Visa GOC scheme reports, designed to help businesses prevent financial loss and ensure regulatory and scheme compliance.

Reconciliation 52

Reconciliation Issuers Payments Compliance 52

PYMNTS

OCTOBER 17, 2017

Together, the companies will enable streamlined payment reconciliation, facilitated by automated virtual card (v-card) payments in a solution built for financial institutions and their corporate clients. And that’s good news for card issuers, too, which could see greater net-new card payment volume.

Automation 47

Automation Reconciliation Card Issuer Payee 47

Nanonets

OCTOBER 18, 2024

Many businesses rely on multiple systems for OCR data capture, invoice processing, approvals, and payment reconciliation, which makes the process lengthy, expensive, and highly inefficient. Integration complexity and overreliance on consultants A major challenge in AP automation is integrating various tools for different tasks.

Payment APIs and Integration 52

Payment APIs and Integration Automation AI Multi-Currency 52

Nanonets

OCTOBER 18, 2024

Many businesses still rely on multiple systems for invoice processing, approvals, and payment reconciliation - this is highly inefficient. 💡 For instance, Tapi, a property maintenance company processing growing volumes of invoices, spent over $10K monthly on manual validation, with a turnaround time of more than 6 hours.

Automation 52

Automation AI Multi-Currency Cross-Border 52

Nanonets

AUGUST 31, 2023

Increased scalability As your business grows, so does the volume of customer interactions. However, automation tools can quickly adapt to changing traffic volumes, ensuring your contact center can efficiently scale up or down as needed without compromising service quality. Say goodbye to draining, repetitive admin work.

Automation 52

Automation CRM Compliance Process 52

Nanonets

NOVEMBER 14, 2023

Time and Cost Savings : By automating invoice capture and digital payments, organizations save significant time and resources. This efficiency also extends to handling increased invoice volumes without additional staffing needs. The organization thus has freed-up resources to tackle more value-additive tasks.

Accounts 52

Accounts Automation Compliance Fraud Prevention 52

Nanonets

MAY 8, 2024

Strong financial controls are implemented through automated reconciliation and detailed transaction tracking, safeguarding against errors and fraud. Stripe's scalable solutions accommodate growing transaction volumes and complexities, making it invaluable for businesses with dynamic financial needs. 

Reconciliation 52

Reconciliation Settlement Alternative Payment Methods 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. Accounts payable software is increasingly being used by businesses worldwide. Looking to automate your manual AP Processes?

Accounts 52

Accounts Payment APIs and Integration Multi-Currency Automation 52

PYMNTS

JUNE 29, 2018

However, to push insurance providers in the direction of ePayments, service providers have to acknowledge the nuances of the insurance payments machine. For this reason, virtual cards are a rising star in B2B insurance payments, according to Peters. “We see really high adoption of virtual cards.”

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

Nanonets

SEPTEMBER 29, 2023

Let's delve into some of the common challenges faced during this growth phase and explore how to overcome them: Manual Tracking Overload: In the initial stages of a startup, manually tracking payments might seem feasible. Data Discrepancies: You might encounter discrepancies between payment records, invoices, and receipts.

Payments 52

Payments Reconciliation Automation ACH 52

PYMNTS

JULY 4, 2018

The emergence of high-tech and AI at the credit union level speaks volumes – and funnels right up into some larger digital banking trends. delved into the use of virtual corporate cards to make cross-border payments reconciliation a bit less frenzied. Who says small towns means small-mindedness? FIs, Meet AI.

Research 40

Research Credit Union Payments Online and Mobile Banking 40

Nanonets

FEBRUARY 1, 2024

Payments: Difficulty in managing multiple payment terms, schedules and currencies while ensuring timely payments. Reconciliation: Labor-intensive process of matching bank transactions with ledger entries. How Does Automation Software Facilitate AP Team Scaling? What is the Typical Cost of AP Software?

Automation 64

Automation Accounts Process Multi-Currency 64

Nanonets

APRIL 16, 2023

The technology is a specific SaaS that helps to manage large volumes of invoices and transactions between a business and its vendors. Reconciliation At the end of the invoice payment process, a business needs to record what happened. AP automation software offers instant payment reconciliation that speeds up financial close.

Automation 52

Automation AI Accounts Reconciliation 52

Nanonets

MAY 8, 2023

Benefits of using Nanonets as your Reconciliation Software Enhance Financial Visibility Monitor reconciliation processes with workflow status report. Understand the volume of transactions, their reconciliation steps, and details about the adjustment processes.

Reconciliation 52

Reconciliation Automation Process Adjustments 52

Nanonets

DECEMBER 25, 2023

This may take some time depending on the volume of data being transferred. Here's how you can do that: Automate Repetitive Tasks : Use the integration to automate repetitive financial tasks like invoice creation, payment reconciliation, and expense categorization. Initial Sync : After configuration, initiate the first sync.

Finance 52

Finance Payment APIs and Integration Best Practices Automation 52

Nanonets

AUGUST 21, 2023

Payment reconciliation Once the payments have been executed, the automation software will then reconcile them. It will cross-reference the payments made with the approved invoices, ensuring that all payments are accurate and accounted for.

B2B 52

B2B Automation Payment APIs and Integration Payments 52

Nanonets

NOVEMBER 15, 2023

For example, you may want to reduce invoice processing time by 50% or achieve 100% accuracy in payment reconciliation. As your business grows, you may need to onboard more vendors, handle larger volumes of invoices, or comply with additional regulations. Increase transparency? Reduce costs? Set clear, measurable objectives.

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

Fintech Finance

SEPTEMBER 18, 2024

Global B2B payment volume has skyrocketed over the past decade and businesses around the world are increasingly embedding payments into their products to help streamline their customers’ workflows to generate new revenue streams.

Global Payments 105

Global Payments Embedded Payments Payment APIs and Integration Reconciliation 105

EBizCharge

FEBRUARY 13, 2025

Automated invoice collections send timely reminders to customers, helping to minimize overdue payments and improve overall collection rates. Additionally, a robust payment processor should integrate seamlessly with accounting systems, enabling real-time payment reconciliation and reducing errors in financial reporting.

Processors 52

Processors Payment Gateways Duplicate Disputes 52