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AI for QuickBooks: Automate invoice and AP management

Nanonets

For example, when a vendor emails an invoice, simply forward it to your dedicated Nanonets email address. You can use the validation rules to flag fields with a lower confidence score for manual review. You can see the same in the GIF above.

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How to Audit Bank Reconciliation?: A Complete Guide

Nanonets

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?

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Key learnings from 2024’s biggest financial crime fines

The Payments Association

Inadequate risk management and due diligence : Institutions faced challenges in ensuring effective customer risk profiling and due diligence, particularly for high-risk clients and correspondent banking relationships. Regular enhancements informed by emerging risks and internal feedback are critical to address systemic vulnerabilities.

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Alexa Team Might Be Able To Find A User’s Home Address

PYMNTS

A new report has revealed that an Amazon team auditing Alexa commands might be able to find a customer’s home address in a matter of minutes. It seems that some of these employees can take that info to find a user’s geographic coordinates and easily find their home address.

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How payment firms can prepare for the FCA’s proposed safeguarding regime

The Payments Association

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. External audits : Mandatory annual audits by qualified, independent auditors will become the norm, aimed at verifying firms’ compliance with safeguarding rules.

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Pandemic Wake-Up Call Drives Integrated B2B Platforms

PYMNTS

Discussing this lack of transparency, Ramachandran, along with Sinead Fitzmaurice, CEO of TransferMate , dove into the tactics that CFOs can deploy to address the weak points and wield data to drive total, real-time visibility into corporate finances. The Biggest Pain Points, Revealed.

B2B
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HMRC Must Do Better: Customers Waiting Nearly 30 Minutes to Receive Necessary Support Reveals NAO

The Fintech Times

According to a new report by the National Audit Office (NAO), the number of telephone calls received by HM Revenue & Customs (HMRC) from customers was down from previous years. NAO has revealed that in theory, this would be very effective as it would cut costs servicing telephone calls and correspondence.