Payment Savvy

MAY 12, 2023

Payment automation allows for faster payment processing and invoicing, which can help improve cash flow and reduce the risk of late payments. Payment automation can provide increased security measures, such as data encryption and user authentication, which can help prevent fraud and unauthorized access to financial data.

Automation 52

Automation ACH Payments Duplicate 52

Nanonets

FEBRUARY 1, 2024

Approval: Cumbersome approval process with challenges in providing context to approvers, tracking invoice status and ensuring timely authorizations. Reconciliation: Labor-intensive process of matching bank transactions with ledger entries. AP Automation has been shown to slash processing costs by a staggering 70%.

Automation 64

Automation Accounts Process Multi-Currency 64

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%. Do you find reconciliation difficult? Reduce costs? A shorter processing time can indicate a more efficient process.

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52