EBizCharge

OCTOBER 17, 2023

These fees are intended to cover ACH return processing costs and encourage adherence to best practices to ensure more accurate and valid payments. 6 reasons why ACH returns are initiated ACH returns can be initiated whenever circumstances impede the transfer process’s completion.

ACH 52

ACH Returns RDFI ODFI 52

Nanonets

SEPTEMBER 1, 2023

Generally, you must account for a few days to process the amount and keep buffer time. Invoice Processing Cost: The American Productivity & Quality Center (APQC) reveals that top-performing enterprises expend $1.42 per invoice during processing. Comparatively, ACH payments span a cost spectrum from $0.15

FedNow 52

FedNow Wire Transfer Federal Reserve ACH 52

Nanonets

JUNE 27, 2023

Exception Handling : In some cases, invoices may have discrepancies or require additional actions, such as resolving pricing disputes, clarifying delivery issues, or addressing differences between the invoice and supporting documents. Exception handling involves identifying and addressing these issues to ensure accurate invoice processing.

Process 52

Process Automation Electronic Funds Transfer (EFT) Volume 52

Nanonets

OCTOBER 1, 2024

The aim is to ensure accuracy and prevent errors or fraud before payment processing. This significant difference in processing time highlights the impact of efficient validation processes and exception handling. Poor exception management leads to backlogs, delayed payments, and increased processing costs.

Best Practices 40

Best Practices Automation Multi-Currency Duplicate 40

EBizCharge

MAY 20, 2024

Some of these tools and features include: Email pay Payment portals Saved cards Analytics and insights CRM module Email pay NetSuite’s email pay feature simplifies payment collections by allowing businesses to send electronic invoices with secure payment links directly to customers’ email addresses.

Process 52

Process PCI DSS Processors Payment APIs and Integration 52

Nanonets

SEPTEMBER 21, 2023

Benefits of AP Automation Examples Enhanced Efficiency Automated   invoice processing   reduces manual tasks and accelerates payment cycles. Cost Savings Streamlined processes lead to reduced processing costs and potential for early payment discounts.

Accounts 40

Accounts Best Practices Automation Reconciliation 40

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%. Consider various factors such as the system's features, ease of use, scalability, security, customer support, and cost.

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

Nanonets

MARCH 14, 2024

Financial Control: It enhances financial control and reduces the risk of errors or fraud in the accounts payable process. Vendor Relationship: Effective implementation fosters transparency and trust in vendor relationships, as discrepancies are promptly addressed and resolved. How to automate 2-way matching?

Payment APIs and Integration 52

Payment APIs and Integration Automation Correspondent Checks 52

Nanonets

OCTOBER 18, 2024

Let's have a look at the key accounts payable automation technologies that AP teams must explore and adopt: AI-driven invoice processing Automated invoice processing , driven by AI, can significantly transform an organization by addressing inefficiencies in traditional methods.

Payment APIs and Integration 52

Payment APIs and Integration Automation AI Multi-Currency 52

EBizCharge

MAY 14, 2024

This flexibility enables businesses to scale their billing operations seamlessly and cost-effectively, ensuring they can continue to meet the needs of their growing customer base without experiencing bottlenecks or disruptions in their billing processes.

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52