Nanonets

MAY 23, 2025

It adds another layer of AI-powered automation to your QuickBooks workflows, enabling you to automate information capture, approval routing, and invoice posting. For instance, organizations processing hundreds of non-standard invoices daily may need more specialized document processing tools.  The result?

Automation 52

Automation AI Duplicate Process 52

Fintech News

JANUARY 13, 2025

These menial tasks can eclipse their more strategic responsibilities like process improvement, strategic planning, and cost reduction. AI-Powered Automation: Streamlining Spend Management Source: Shutterstock SMEs handle hundreds of invoices monthly. Automating these processes can benefit SMEs.

AI 123

AI Finance Automation SWIFT 123

Nanonets

MAY 22, 2025

The month-end close can often feel like Groundhog Day, with teams working overtime to process hundreds of invoices, match countless transactions, and catch any unusual entries before they become problems. It is basically an AI assistant that automates financial analysis, reporting, and routine tasks.

Automation 52

Automation AI Payment APIs and Integration Reconciliation 52

The Payments Association

JANUARY 13, 2025

Central to these changes are new statutory trust requirements, more prescriptive record-keeping, reconciliation standards, and the mandate for external safeguarding audits. Safeguarding audits: Firms are required to arrange safeguarding audits to assess compliance with the rules.

Compliance 88

Compliance Audit Legal Reconciliation 88

FICO

JUNE 21, 2021

In today’s litigious environment , AI-powered business decisions must be more than explainable, ethical and responsible; we need Auditable AI. Is the model fully explainable, with accurate reason codes that explain automated decisions the model makes, explainable to both model user and the impacted party? Why Auditability Matters.

Audit 116

Audit AI Governance Government 116

EBizCharge

MARCH 18, 2025

As data breaches evolve and advance, a robust payment processing system that protects sensitive financial information is essential. For companies using Sage 100, understanding how to process credit cards securely is not just an option it’s a necessity.

Credit Cards 52

Credit Cards Process Security Data Breach 52

EBizCharge

MARCH 11, 2025

As companies transition to online payment platforms, the complexities of payment processing costs can often lead to unexpected expenses that eat into margins. Thankfully, this article will explore the various payment processing costs associated with Acumatica as well as actionable strategies for businesses to reduce these expenses.

Processing Costs 52

Processing Costs Process Credit Cards Payment Gateways 52

Nanonets

NOVEMBER 14, 2024

ABBYY is a technology company making document processing software since 1989. Their product lineup includes FineReader PDF for OCR and PDF management, FlexiCapture for enterprise document capture, ABBYY Vantage for intelligent document processing, Timeline for process intelligence, and Mobile Capture for mobile document scanning.

Process 52

Process Automation Volume Verification 52

Finovate

JANUARY 30, 2025

UK-based, multinational insurance company Aviva has teamed up with automated reconciliations solution provider AutoRek. Aviva will deploy AutoRek’s platform to provide a fully audited, rules-based reconciliation process that reduces the risks associated with manual processing.

Reconciliation 52

Reconciliation Automation Audit Rules 52

The Finance Weekly

NOVEMBER 3, 2021

Inter-company transactions, currency exchange rates and various non-cash activities only complicate things in an already complex, time-consuming process. Due to the inefficiencies and error proneness of account reconciliation through traditional processes, finance teams should automate through , new technologies in the industry.

Reconciliation 130

Reconciliation Automation Accounts Finance 130

Fintech News

FEBRUARY 10, 2025

Weve already seen this shift with robo-advisors, automated budgeting apps, and frictionless payments. Agentic AI fits perfectly into this new landscape by stepping beyond traditional automation. But these systems still require users to set preferences, approve transactions, or manually adjust settings.

AI 82

AI FinTech Fraud Detection Fraud Prevention 82

FloQast

NOVEMBER 28, 2023

Since joining the company, Ashley has been instrumental in enhancing processes and formalizing the accounting function, contributing to Lovevery’s ability to scale efficiently. Recently, FloQast published an e-book on how technology can improve audit efficiency based on Ashley’s first-hand experience.

Audit 59

Audit Process Technology Reconciliation 59

Nanonets

DECEMBER 13, 2023

Integrating AI and automation into the underwriting workflow presents a significant opportunity to minimize the time allocated to administrative tasks, manual processes, and repetitive data entries. Let's explore what are the top 6 benefits of AI insurance claims processing. #1:

AI 102

AI Process Fraud Detection Compliance 102

FloQast

SEPTEMBER 4, 2024

For The Joint Chiropractic (NASDAQ: JYNT), 2021 marked a pivotal year as they embarked on a journey to enhance their accounting operations by integrating FloQast into their processes. The impact proved transformative, dramatically improving their Close process , enhancing workflow visibility, and expediting reporting.

Compliance 98

Compliance Automation Accounts Audit 98

FloQast

MARCH 13, 2024

In the world of accounting, the reconciliation process stands as a critical linchpin, ensuring the accuracy and integrity of financial data. As companies navigate complex financial landscapes, the need for streamlined reconciliation processes has never been more pronounced. However, the path to automation is fraught with challenges.

Reconciliation 98

Reconciliation Automation Compliance Mitigation 98

FloQast

MARCH 12, 2025

Today, FloQast is proud to unveil its latest innovation, FloQast AI Agents , powered by FloQast Transform, designed to help accounting teams automate workflows and transform their roles from preparers to reviewers. Mark your calendar and join us to see how FloQast AI Agents are leading the charge in accounting automation.

Automation 52

Automation AI Accounts Audit 52

Fintech News

APRIL 6, 2025

With a modular architecture, the system offers a high degree of automation and straight-through processing for collateral flows between counterparties. SmartStreams solution was selected following an evaluation of its functionality, user interface, deployment flexibility, and ability to integrate with Finastras systems.

Treasury 79

Treasury Reconciliation Audit Automation 79

Finovate

JANUARY 8, 2025

Digital banking provider Lumin Digital has turned to process automation provider FINBOA for enhanced dispute management. FINBOA’s technology has produced up to a 90% reduction in dispute intake effort and up to an 80% reduction in audit prep time.

Disputes 59

Disputes Credit Union Audit Non-Bank 59

Clearly Payments

APRIL 8, 2025

Whether you’re dealing with complex billing models, global expansion, legacy systems, or escalating processing fees, payment challenges grow with scale. Operations: Streamlining Payment Processes to Reduce Friction Payments touch nearly every part of an enterprise: finance, accounting, customer support, compliance, IT, and beyond.

Consulting 89

Consulting Payments Cross-Border Due Diligence 89

Clearly Payments

APRIL 17, 2025

While it may sound like a complex term, reconciliation is simply the process of making sure that two sets of financial records match. At its core, reconciliation is a comparison process. Reconciliation is an important process for several reasons: 1. The payment reconciliation process usually involves a few key steps: 1.

Reconciliation 52

Reconciliation Payment Reconciliation Processors Payments 52

Nanonets

NOVEMBER 10, 2024

Parseur is an AI-powered document processing tool that extracts data from emails and PDFs automatically. Mailparser Rule-based Yes Limited Emails Email automation 4.7 Mailparser Rule-based Yes Limited Emails Email automation 4.7 Processes multiple file types (PDF, Excel, ZIP) 3. Key features: 1.

Automation 52

Automation Rules AI Volume 52

Nanonets

MAY 10, 2023

Intelligent workflow automation can save time, boost production, and cut expenses. This article will show how workflow management solutions can automate routine procedures, minimize repetitive jobs and operator mistakes, detect bottlenecks, and simplify communication across all departments. What is workflow automation?

Automation 98

Automation Rules Procedures Process 98

Clearly Payments

JANUARY 21, 2025

Challenges in Government Payment Processing Government agencies manage a diverse range of payment types, including tax payments, permit fees, licensing, utility bills, and fines. Efficiency Gains: Digital payment systems reduce processing costs by an average of 40%, as reported by the Government Finance Officers Association (GFOA).

Government Payments 59

Government Payments Governance Government PCI DSS 59

FloQast

MARCH 11, 2024

NYSE: PHM), one of America’s leading homebuilding companies, recognized the need to modernize financial processes to stay ahead. The Challenge: A Manual and Paper-Intensive Process Before integrating FloQast, PulteGroup grappled with a manual process laden with paperwork. We had a very manual process before,” Woods said. “We

Close Processes 105

Close Processes Process Reconciliation Audit 105

Nanonets

AUGUST 23, 2023

AI-based document processing is transforming the way businesses handle paperwork. AI's advancements in areas such as self-driving vehicles and protein structure predictions show that it is sophisticated enough to handle intricate tasks like document processing in the business world. What is AI-based document processing?

Process 97

Process AI Payment APIs and Integration Compliance 97

FloQast

MARCH 19, 2025

AI agents help accounting teams do their work by automating various accounting, compliance, and reporting workflows across their organization. Once the data is processed, the agent applies relevant accounting assumptions based on historical patterns and your departments specific rules to contextualize the content. Lets dive in!

AI 52

AI Accounts Fraud Detection Audit 52

Evolve Payment

SEPTEMBER 9, 2024

One frequently overlooked aspect of exit planning is the role your merchant account and merchant processing health play in business valuation. Minimizing overhead expenses, improving cash flows, and reorganizing merchant processing contracts are great ways to make your business more attractive to buyers. Sound familiar?

Process 95

Process Audit Accounts Returns 95

FloQast

JUNE 12, 2024

Curis , a biopharmaceutical innovator based in Lexington, Massachusetts, faced challenges with their traditional, paper-heavy month-end Close process and compliance program. These inefficiencies not only led to wasted time and resources but also resulted in significant audit fees. That saved us $110,000 in outside audit fees.”

Compliance 105

Compliance Close Processes Audit Duplicate 105

Finovate

JANUARY 22, 2025

The partnership will enable the digital bank to automate key parts of its income verification and document handling processes for mortgage brokers. The partnership will enable the financial institution to automate specific parts of its income verification and document handling processes to boost efficiency for mortgage brokers.

Verification 52

Verification Audit Automation Fraud Prevention 52

FloQast

MAY 9, 2024

However, these programs face a barrage of challenges, from manual processes to fragmented technologies, undermining their effectiveness. However, the path to compliance is fraught with challenges , including large upfront costs, organizational chaos, and reactive risk assessment processes.

Compliance 105

Compliance Audit Risk Assessment Assessments 105

FloQast

OCTOBER 21, 2024

There sure is: Automated bank reconciliation. Automating your reconciliations both limits the possibility of errors and significantly cuts the time and effort needed. For accounting professionals, implementing a solid automated bank reconciliation process can change the way they approach financial operations within their business.

Reconciliation 52

Reconciliation Automation Process Best Practices 52

Fintech Finance

MARCH 7, 2025

Center’s software, together with American Express’ corporate and small business cards, will aim to create a seamless expense management platform that delivers more value across the commercial card payments process – from choice in premium card offerings and rewards to automated accounting and reconciliation.

Acquirers 52

Acquirers Commercial Card Small Business Automation 52

Fintech News

JULY 2, 2024

Summit aims to address common pain points in finance management by modernising and automating accounts payable and employee expense claims processes. The platform reportedly provides greater visibility and control over business spending, significantly reducing accounts payable processing time by up to 75%.

Reconciliation 111

Reconciliation Audit Automation Finance 111

VISTA InfoSec

MARCH 6, 2024

Changes Access Controls "Limit viewing of audit trails" to those with a need. audit log security principles are mostly unchanged. Automation Emphasis Mentions both manual and automated log review tools. mandates the use of "automated mechanisms" for daily reviews. Strong shift towards automation. No changes.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

Fintech Review

APRIL 19, 2025

We are witnessing a shift from standalone financial tools to full-stack, sector-specific platforms that seamlessly combine workflow automation with financial innovation. These ecosystems focus on the entire customer journey rather than a specific transaction or process. In contrast, SaaS fintech v2.0 builds connected ecosystems.

Finance 94

Finance Embedded Finance FinTech Payment APIs and Integration 94

FloQast

MARCH 27, 2024

A few weeks ago, we looked at the specific challenges surrounding the reconciliation process. This allows teams to capture best practices to ensure consistency and change processes as their organization scales. Audit Readiness Remember this? Flexibility Not all reconciliations are handled the same.

Reconciliation 105

Reconciliation Audit Accounts Best Practices 105

Fintech Review

MAY 4, 2025

Treezor Enables card issuance, bank accounts, payment processing, and lending via a unified API layer. Galileo (by SoFi) Provides APIs for issuing cards, managing deposits, processing payments, and offering lending products, powering many fintech brands. Best for : US-based fintechs needing deep bank integrations.

Payment APIs and Integration 76

Payment APIs and Integration FinTech Multi-Currency Embedded Finance 76