Evolve Payment

JULY 15, 2025

Detecting counterfeit money requires training and equipment, and errors can lead to financial losses. If counterfeit bills are deposited, banks may debit the business’s account, resulting in direct financial losses. The risk is heightened with large transactions, where careful verification of each bill may be overlooked.

Cash Management

Fintech Finance

FEBRUARY 14, 2025

Ageras , a leading fintech platform for accounting, admin and banking software for small businesses in Europe, has completed the full acquisition of Storebuddy ; an integration software specialised in automating accounting processes for online stores.

Payment Reconciliation

The Fintech Times

NOVEMBER 22, 2024

It gives them the resources they need to measure, monitor, and manage their emissions — directly through their Tide accounts.” The goal is to offer further insights, recommendations, and strategies that help businesses reduce emissions while saving time and money.

Database

Trade Credit & Liquidity Management

MAY 29, 2025

This includes knowing required documentation (commercial invoices, certificates of origin, packing lists), tax implications (VAT, withholding taxes, double taxation treaties), currency regulations, and customs codes. This builds confidence and competence in handling compliance processes while reducing errors. In Summary.

ISO 20022

The Finance Weekly

FEBRUARY 23, 2025

How to improve with data: Connect FP&A tools with accounting systems for automated, error-free data transfers. Prepare for Reporting Changes Adapting to new reporting requirements ensures accurate financial insights and better decision-making. Automate data collection for consistent reporting.

Best Practices

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

Nanonets

DECEMBER 29, 2023

Xero is cloud-based, SaaS accounting software for small business customers located in many countries. Xero’s software handles accounts payable as a traditional system requiring manual data entry. For Xero accounts payable automation, Xero customers integrate third-party AP automation software.

Automation

EBizCharge

AUGUST 21, 2024

Thankfully, project accounting manages, analyzes, and reports costs and revenues associated with specific projects, enabling businesses to assess profitability and efficiency on a more refined level. This article will explore project accounting basics, benefits, and how to implement it into your business operations.

Accounts

EBizCharge

SEPTEMBER 6, 2024

ince efficiency and accuracy in financial management have never been more essential, integrated accounting systems offer a streamlined approach combining various financial functions into a cohesive platform. Understanding how integrated accounting works is critical for organizations looking to optimize their financial operations.

Accounts

EBizCharge

AUGUST 23, 2024

The choice between manual and automated accounting systems can significantly impact organizational efficiency. As companies strive to keep pace with evolving transactions, understanding the nuances of these accounting methods becomes essential. What are accounting systems? Manual vs Automated accounting: What’s the difference?

Automation

Nanonets

SEPTEMBER 21, 2023

Accounting problems  can create significant challenges for businesses, affecting their  financial flow  in the  US. In this article, we will explore common  accounting problems  faced by businesses and provide  solutions  to overcome them.

Accounts

PYMNTS

OCTOBER 1, 2019

have led the Financial Reporting Council (FRC) to enact more stringent accounting standards, The Guardian reported on Monday (Sept. According to reports, the FRC issued an updated going concern standard, adding “significantly stronger requirements” for U.K.

Continuity

Nanonets

SEPTEMBER 23, 2023

Encumbrance accounting  is a crucial financial tool that allows companies to track future payments and expenses, providing a detailed view of cash flow. It is a method that helps businesses reserve funds for future liabilities, ensuring accurate financial reporting, budgeting, and analysis.

Accounts

Nanonets

SEPTEMBER 23, 2023

Small business accounting software  can unlock efficiency and streamline financial management for businesses of all sizes. By replacing traditional manual methods with automated systems, accounting software saves time, reduces the risk of errors, and provides valuable insights into financial transactions.

Small Business

The Finance Weekly

OCTOBER 31, 2021

Why is Financial Planning for NPOs crucial The accounting and financial management strategy is typically influenced by the extent to which users engage with the NPO's services, and targets are set by trustees. Master the basics of accounting. Standard accounting and financial management might be complex for nonprofits.

Audit

PYMNTS

JANUARY 22, 2021

Consumer demand for real-time payments direct to bank accounts and mobile wallets continues to surge.”. regulators to tighten the financial reporting requirements of banks and other financial services providers. MoneyGram is in favor of a proposal by U.S.

P2P

VISTA InfoSec

OCTOBER 26, 2023

Key Differences Between SOC and SOX Aspect SOX SOC Definition Congress enacted SOX to prevent accounting and securities fraud in the United States, primarily regulating accounting practices, securities law compliance disclosures, and audits at public companies. SOX, a U.S.

Audit

Nanonets

SEPTEMBER 21, 2023

If you're a business owner or accountant, chances are you've heard of the accounting cycle. What is the accounting cyle, and why is it important? In this comprehensive guide, we will explain the accounting cycle in detail, including its essential steps and functions.

Accounts

PYMNTS

NOVEMBER 14, 2018

A new report from Deutsche Bank said this industry path is guiding banks and corporates to a new destination: real-time treasury. The report also predicted further changes in banks’ intraday liquidity reporting requirements, highlighting the need for industry standardization. ”

Real Time Payments

The Payments Association

OCTOBER 23, 2024

Key points for payments firms Relevant funds will generally need to be received directly into a relevant funds bank account in the name of the firm. Firms with agents or distributors may require additional liquidity for safeguarding. Firms may be required to diversify their safeguarding providers.

Rules

PYMNTS

NOVEMBER 26, 2019

“Citi places a high priority on meeting its regulatory reporting requirements, and has devoted significant resources to U.K. financial reporting before, during and after the period to which the PRA’s notice relates,” the bank said in a statement.

Returns

Neopay

JULY 18, 2024

These technical standards are crucial as they allow supervisors to monitor institutions’ compliance with the Capital Requirements Regulation (CRR3) implementation of the latest Basel III reforms in the EU and will foster consistent and enhanced supervision.

Reporting Requirements

PYMNTS

JANUARY 30, 2019

More detailed eCDD — especially for business accounts, trusts and high-net-worth (HNW) accounts — has become a focus for regulators, governments and agencies. With these factors in play, FinTech firms are evolving their offerings to keep up with the new regulatory challenges.

Due Diligence

PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Through a 70-question survey, TMF Group asked the accounting and tax professionals to assess their local regulatory climates.

Regulatory Compliance

CB Insights

NOVEMBER 11, 2022

ESG reporting requirements. These platforms simplify administrative efforts — across areas like accounting, human resources, and legal — and employ data and software modules to help companies plan for future equity changes (such as before a funding round). ESG REPORTING REQUIREMENTS. Trade analytics and execution.

API

Fintech News

FEBRUARY 20, 2024

Discussed extensively at Elevandi Insights 2023 during the Singapore Fintech Festival last year, this initiative underscores an imperative for a harmonised approach to ESG reporting tailored for MSMEs.

Small Business

The Fintech Times

AUGUST 19, 2024

The PSR will also consider the potential effectiveness of interventions that do not establish a VRP API access price, such as price transparency or reporting requirements. The PSR will evaluate different pricing approaches, including those suggested by respondents.

Continuity

PYMNTS

MARCH 17, 2017

Announcing the report Thursday (March 16), the Anti-Fraud Collaboration said a focus on complex accounting areas is critical to an effective cybersecurity strategy. Addressing Challenges for Highly Subjective and Complex Accounting Areas concluded that an effective accounting policy is also critical and guides all other processes.

Best Practices

PYMNTS

NOVEMBER 26, 2019

“Citi places a high priority on meeting its regulatory reporting requirements, and has devoted significant resources to U.K. financial reporting before, during and after the period to which the PRA’s notice relates,” the bank said in a statement.

Returns

PYMNTS

MAY 1, 2018

Employers need to conduct a headcount immediately to see if they’re subject to new STP reporting requirements,” he told the publication. He warned that any companies with 20 or more employees as of April 1, 2018, will have to comply with the STP requirements, even if their headcount falls below 20.

Payroll

Finovate

FEBRUARY 21, 2024

The company works with the world’s largest card networks, and processes $208 billion in transactions a year across 97 million accounts and 53+ million issued cards worldwide. We reported on the pending deal in our Finovate Global column back in the summer of 2023. ” Founded in 2018 and headquartered in Newcastle, U.K.,

Reconciliation

Finovate

SEPTEMBER 18, 2024

As a result of this nightmare, the FDIC has advanced a notice of proposed rulemaking for what it is calling Requirements for Custodial Deposit Accounts with Transactional Features and Prompt Payment of Deposit Insurance to Depositors. Banks have long been subject to strict regulations and reporting requirements.

Rules

FICO

OCTOBER 12, 2017

All payment service providers will need to use Transaction Risk Monitoring to deliver the reporting required by the regulation. PSD2 sets out specific parameters in reference to fraud rates that must be reported against. Consider the technologies you’ll need to support you.

Authentication

PYMNTS

DECEMBER 3, 2019

The BSA establishes recordkeeping and reporting requirements for national banks, federal savings associations, federal branches and agencies of foreign banks. It was amended to include the Patriot Act, which requires every bank to adopt a customer identification program.

Suspicious Activity Report (SAR)

PYMNTS

JUNE 29, 2020

A provision in the CARES Act says that if a lender provides a forbearance on a mortgage, car loan or other payment, they can’t report them as late to credit reporting companies. As a result, the Federal Reserve Board said last week that the nation’s biggest U.S. banks could be saddled with as much as $700 billion in loan losses. .

Rules

Fintech Finance

JUNE 6, 2024

Moreover, different payment norms, currencies and systems exist in different jurisdictions as well as different accounting and reporting requirements. Any accounting template can be built and edited within the Payhawk platform with the help of conditional rules, functions, and formatting options.

Accounts

Fintech Finance

MAY 21, 2024

The partnership will combine accounts payable (AP) expertise to accelerate automation and finance transformation. E-invoicing is increasingly taking priority within CFO departments alongside e-reporting requirements from local governments or tax authorities.

Automation