The Payments Association

OCTOBER 23, 2024

Firms with agents or distributors may require additional liquidity for safeguarding. Firms may be required to diversify their safeguarding providers. Enhanced reconciliation, audit, and reporting requirements will create additional administrative burdens and could increase the risk of supervisory and enforcement action.

Rules

Nanonets

SEPTEMBER 21, 2023

To overcome this problem, businesses should prioritize data accuracy and implement robust ERP solutions that automate data entry and reconciliation processes. By utilizing advanced  software , businesses can minimize material errors, ensuring accurate financial reporting.

Accounts

FloQast

MAY 7, 2024

” – Amir Klein, Head of Finance and Accounting, Aqua Security Software Ltd 4) Modernise Communication Accounting teams need to be able to communicate quickly and clearly during the close, and address emerging problems as soon as possible.

Reconciliation

Fintech Finance

JUNE 6, 2024

The complexity problem and the customisation solution The top three spend management challenges faced by large companies (5,000-25,000+ employees) is complexity created by reconciliation, ineffective software and human error. This creates clear challenges for C-Suite and financial leaders for the financial management at global enterprises.

Accounts

Nanonets

DECEMBER 29, 2023

The Xero bills email address shows on any status tab in the Purchases overview page.  For this email capture process, you will forward bills received from any supplier to your Xero bills email address.  You can email up to 10 bills in a single email which will create separate bills in Xero. The maximum email size is 25MB. 

Automation

FloQast

JANUARY 22, 2025

By focusing on a comprehensive blueprint for complete transformation, accounting departments can address the root causes of inefficiency, tackle the challenges of today, and best prepare their accounting departments for future challenges. These are two areas where AI and automation really shine.

Accounts

Nanonets

FEBRUARY 9, 2024

They may also include internal or third-party audit findings that detail problem areas and how management plans to address them from that point forward. Example  Companies may put together an internal control report that includes: An executive summary detailing findings and planned future action. What is an ICFR Audit?

Audit

Nanonets

JUNE 29, 2023

Complex approval workflows, duplicate alerts and fraud detection Payment and reconciliation that works like magic. Top features: Real-time feeds on existing credit cards Reimburses employees on time with ACH payments Pros: Real-time credit card reconciliations for cards like Visa, Mastercard, AmEx, etc.

Payment APIs and Integration

Nanonets

JANUARY 17, 2024

Let's see how InnovateX, or any other company adopting expense management best practices and solutions is able to effectively address traditional expense management issues: Real-Time Data is King : In the fast-paced business world, making decisions based on last quarter’s data is like driving using your rearview mirror.

Payment APIs and Integration

Nanonets

SEPTEMBER 23, 2023

Non-profit organizations must balance the need for financial transparency with donor expectations and reporting requirements. These systems enable organizations to automate encumbrance tracking, generate accurate reports, and facilitate data reconciliation.

Accounts

Neopay

APRIL 14, 2025

This includes stricter record-keeping, more robust reporting requirements, and a requirement for an independent safeguarding audit. The end-state rules bring about a significant change by replacing the existing safeguarding requirements with a statutory trust model, similar to the FCA’s Client Assets Sourcebook (CASS).

Due Diligence

FloQast

DECEMBER 18, 2024

To unlock the potential of software automation, youll first need to understand what is causing your close pain points, and which technology integration strategies are going to help you address them. Account reconciliations and other workpapers and Excel spreadsheets contain errors because someone made changes to the trial balance.

Close Processes

The Payments Association

APRIL 14, 2025

Legal issue/risk Next steps/action required Related links Legal issue/risk: The substantial increase in cross-border interchange feesrising from 0.2% The PSR’s proposed price caps aim to address these issues; however, payment firms must prepare for regulatory changes that may impact their fee structures and revenue models.

Regulations