Fintech Finance

MAY 1, 2025

Unlike generic large language models or probabilistic AI tools, the AI Agent is auditable by design and delivers verifiable, rapid results built on existing connectivity and a deep understanding of how enterprise payment systems and workflows work. Notify me if any duplicate payments are charged.

Treasury 59

Treasury AI Duplicate Payments 59

FloQast

NOVEMBER 28, 2023

About the Author : As Lovevery’s Vice President, Controller, and the 2022 Controller of the Year, Ashley Griesshammer has played a pivotal role in guiding Lovevery’s accounting team through a period of explosive growth. But the gains from a project like this multiply years down the line for accounting and data teams.

Audit 59

Audit Process Technology Reconciliation 59

The Fintech Times

FEBRUARY 14, 2024

As businesses adapt to the accelerating pace of technological change and new e-invoicing mandates, one aspect of financial management stands out – accounts payable (AP) automation. Easier monitoring: Automated systems maintain an audit trail for all transactions, facilitating process monitoring and compliance with audits.

Automation 103

Automation Process Duplicate Compliance 103

FloQast

JUNE 12, 2024

These inefficiencies not only led to wasted time and resources but also resulted in significant audit fees. Curis’s Success with FloQast: A Summary Eliminated $110,000 in external audit fees by combining Close and compliance efforts. That saved us $110,000 in outside audit fees.” This is where FloQast stepped in.

Compliance 105

Compliance Close Processes Audit Duplicate 105

FloQast

JANUARY 17, 2024

The consultation set out proposals for a range of legislative and governance reforms to be implemented in the Code in 2024, including the introduction of a new regulatory body, known as the Audit, Reporting, and Governance Authority (ARGA), which would replace the FRC.

Governance 102

Governance Government AAP Audit 102

Nanonets

MAY 23, 2025

Matching and reconciliation: The AI automatically matches incoming transactions with existing bills, invoices, or receipts in your system, helping prevent duplicates and streamlining the reconciliation process. This often leads to payment delays, duplicate payments, or overpayments when discrepancies go unnoticed.

Automation 52

Automation AI Duplicate Process 52

Nanonets

AUGUST 1, 2023

In the rapidly evolving world of auditing, innovative technologies have revolutionized traditional practices. Auditors are now increasingly embracing the agile auditing approach previously used in software development. This strategic allocation of resources optimizes auditing efforts, leading to more focused and effective audits.

Audit 52

Audit Risk Assessment AI Assessments 52

Nanonets

APRIL 24, 2024

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies. Looking out for a Reconciliation Software?

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

The Finance Weekly

MARCH 28, 2022

Converging ESG and Sustainability Reporting Standards There are several competing standards for ESG/Sustainability reporting including the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), Carbon Disclosure Project (CDP), and others. Data validations, controls, and audit trails are extensive.

Finance 130

Finance Audit On-Demand Governance 130

Stax

MARCH 4, 2025

Choose a reliable payment gateway, decide between API or plug-and-play solutions, set up a merchant account (if needed). The issuing bank verifies whether the customer has enough funds in their account to complete the transaction. Once approved, the information is sent to the merchants bank account, where the funds are deposited.

Credit Cards 88

Credit Cards Payment APIs and Integration Payment Gateways Gateways 88

Stax

MAY 13, 2025

These services enable you to process credit card payments online, in person, and on the go, and include everything from secure payment gateways to merchant accounts and point of sale (POS) systems. That leads to fragmented data, inconsistent customer experiences, and duplicated efforts.

Credit Cards 88

Credit Cards Payment APIs and Integration Processors Process 88

Nanonets

APRIL 3, 2024

Guide to the Vendor Account Reconciliation Process Running a business involves collaboration with various vendors who provide different kinds of products and services. What is Vendor Reconciliation In accounts payable (AP) activities, a vendor is an individual or entity that provides goods or services to the company.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

Nanonets

JUNE 19, 2024

What is the Vendor Reconciliation Process in Accounts Payable Vendor reconciliation is a critical practice in accounts payable to ensure the completeness and accuracy of vendor payments. Accounts payable teams must reconcile payments regularly to avoid double-processing them.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

Nanonets

NOVEMBER 16, 2023

This function, referred to as accounts payable , is critical to business operations, financial management, and long-term relationship building in every industry.    Accounts payable teams must find the balance between speed and accuracy to get the right payments to the right partners on time.

Accounts 52

Accounts Best Practices Duplicate Checks 52

Nanonets

JUNE 17, 2023

Account reconciliation is a critical process in accounting, which ensures that financial records are accurate and consistent. This article will provide an in-depth understanding of account reconciliation, its benefits, and how businesses can leverage technology to automate the process. What is Account Reconciliation?

Reconciliation 52

Reconciliation Accounts Adjustments Credit Cards 52

PYMNTS

JANUARY 18, 2019

Businesses are unwittingly sending the compensation, intended for those executives, to fraudulent accounts. The mechanics of the fraud work this way: The criminal establishes an email account ostensibly in the name of the chief executive officer of the firm under attack.

Business Email Compromise 69

Business Email Compromise Scams Payroll Audit 69

FloQast

JANUARY 22, 2025

The accounting landscape is changing and its happening at a faster pace than many of us anticipated. As a result, CFOs and their teams are under serious pressure to meet these challenges and modernize their accounting departments without sacrificing efficiency, accuracy, and compliance.

Accounts 52

Accounts AI Automation Audit 52

Trade Credit & Liquidity Management

MAY 8, 2025

Duplicate entries: Different users create slightly different customer records. Audit and tax readiness: Having tax-exempt certificates, legal names, and transaction records tied to the correct entity keeps the business in compliance and reduces audit prep work. Collections slow down.

Finance 72

Finance Duplicate CRM Audit 72

Nanonets

MAY 10, 2023

That's why finance teams are increasingly adopting a 3 way match of vendor invoices as an essential step of their accounts payable process. By 3 way matching supporting documents, companies can detect duplicate, erroneous, or fraudulent payments to vendors. Integrations with ERPs and accounting software also become convenient.

Accounts 52

Accounts Automation Duplicate Process 52

Nanonets

NOVEMBER 30, 2023

Companies that establish accounts payable best practices increase the visibility of information, reduce their invoice processing time, save money, strengthen internal controls and cash flow management, reduce fraud and errors, and improve vendor relationships. Accounts payable best practices are a subset of accounting best practices.

Best Practices 52

Best Practices Accounts Electronic Funds Transfer (EFT) Automation 52

Nanonets

MAY 31, 2023

  Accounts payable (AP) fraud is a growing concern, with over 80% of organizations having fallen prey to it.  Even Having a smooth and effective accounts payable process is critical in establishing strong vendor management relationships, increasing profits, saving time, optimizing AP days and mitigating fraud.

Automation 52

Automation Accounts Audit Process 52

Nanonets

AUGUST 1, 2023

Over the years, the auditing landscape has undergone remarkable transformations, and among the most significant advancements has been the advent of audit automation software solutions. Computer-Assisted Audit Tools and Techniques (CAATTs) have been available to auditors since the early 1990s. The situation has changed now.

Audit 40

Audit Automation Risk Assessment Payment APIs and Integration 40

Nanonets

APRIL 10, 2024

This is especially true for the accounts payable (AP) department, which manages a company's financial obligations to suppliers. Improving the efficiency of the Accounts Payable (AP) process is a strategic initiative for businesses, as the complex and resource-intensive work is unsustainable, challenging to scale, and prone to error.

Automation 52

Automation Accounts Audit AI 52

Nanonets

MARCH 20, 2023

Accounts payable software is increasingly being used by businesses worldwide. 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. What is accounts payable software?

Accounts 52

Accounts Payment APIs and Integration Multi-Currency Automation 52

Nanonets

NOVEMBER 15, 2023

Switching to paperless  accounts payable  is intimidating. Based on the numbers, it is evident that a transition to a paperless accounts payable system is necessary. Could adopting a paperless accounts payable process be the solution? What are paperless accounts payable? The cherry on top?

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

Nanonets

MAY 6, 2024

Spreadsheets like Excel have long been a staple for account reconciliation , but their limitations are becoming increasingly evident. This results in scattered files, versioning issues, the need to track down stakeholders for missing information, the generation of duplicate datasets, and more.   What is BlackLine?  BlackLine

Reconciliation 52

Reconciliation Accounts Audit Automation 52

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

JUNE 18, 2024

Introduction to Account Reconciliation Account reconciliation is the critical process of comparing your general ledger with internal and external sources. Account Reconciliation can be a fairly manual task, especially right before the monthly close. Why is Account Reconciliation so Important?

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52

Nanonets

MAY 21, 2024

Seven Best Practices for Effective Account Reconciliations From Mesopotamia's rudimentary ledgers tracking livestock and crops to the second-century BCE Indian treatise " Arthashastra ", accounting has been a cornerstone of economic management in any civilized society.

Best Practices 52

Best Practices Reconciliation Accounts Payment APIs and Integration 52

Nanonets

MARCH 20, 2023

What is the accounts payable process? The accounts payable process of a company is the management of its short-term payment obligations to vendors/suppliers. The accounts payable or AP is the amount of money that a business owes to its vendors/suppliers for availing their goods/services.

Process 52

Process Accounts Automation Checks 52

Nanonets

MAY 21, 2024

Accounts receivable reconciliation is a crucial process within accounting and financial management practices undertaken regularly by a business. As transactions with customers and clients occur, businesses generate accounts receivable, which represent amounts owed to them for goods and services sold or rendered.

Reconciliation 52

Reconciliation Accounts Adjustments Correspondent 52

PYMNTS

JUNE 22, 2017

Even with the rise in eInvoicing and electronic B2B payments, disconnects, miscommunication and erroneous transactions plague the accounts payable department. Finding where those errors are via manual auditing can be a headache, too. According to Thompson, those mistakes have a variety of factors behind them.

Duplicate 48

Duplicate AI Audit Automation 48

PYMNTS

MARCH 28, 2019

Automated expense report auditing company AppZen is introducing a new spend auditing platform to analyze supplier invoices using artificial intelligence (AI).

AI 46

AI Audit Agreements Duplicate 46

Nanonets

SEPTEMBER 21, 2023

Effective  accounts payable management  is crucial for businesses to handle outstanding debts and liabilities to vendors in a timely and efficient manner. Key Takeaways: Accounts payable management  is essential for handling outstanding debts and liabilities to vendors.

Accounts 40

Accounts Best Practices Automation Reconciliation 40

Nanonets

SEPTEMBER 22, 2023

Accounts payable reports  are an essential tool for businesses of all sizes, providing valuable insights into financial management and helping to optimize business operations. Key Takeaways: Accounts payable reports  help track and report business expenses.

Accounts 40

Accounts Master Account Best Practices Reconciliation 40

Nanonets

NOVEMBER 14, 2023

Accounts Payable (AP) processes are an important function for every business, overseeing the outgoing payments to suppliers and vendors. This transparency allows for better tracking, auditing, and financial planning. The worldwide AP automation market is forecasted to grow from US$2.6 billion in 2021 to USD 7.5

Accounts 52

Accounts Automation Fraud Prevention Compliance 52

PYMNTS

NOVEMBER 10, 2017

Especially for businesses that rely on manual expense reports, management and auditing processes, an employee that fudges a dollar amount here and there, or a worker who accidentally submits an expense report twice, mean companies can easily fall victim to fraud, both intentional and unintentional. It’s a very involved process.

Duplicate 44

Duplicate Audit Email Compromise Use Case 44