The Fintech Times

SEPTEMBER 4, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer. We asked industry experts to find out. Keeping up with this can be a true headache.”

Compliance 64

Compliance Rules Regulations Cybersecurity 64

FloQast

MARCH 21, 2024

The act established the Public Company Accounting Oversight Board (PCAOB) and implemented other requirements to improve the accuracy and reliability of financial statements and corporate disclosures. While compliance is non-negotiable for public companies, SOX compliance costs can be substantial.

Compliance 52

Compliance Audit Automation Risk Assessment 52

FloQast

OCTOBER 27, 2023

While it can feel burdensome, compliance management has become a critical risk management feature and is too important to ignore. Unfortunately, compliance management is no walk in the park. The overarching aim of compliance management is to ensure organizations mitigate risk and build a deep-rooted culture of compliance.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

The Finance Weekly

OCTOBER 31, 2021

Many of the same financial issues that profit-seeking enterprises face, such as increasing revenue, managing audits, and dealing with compliance, encounter non-profit organizations (NPOs). Financial planning for NPOs can be difficult, as certain issues will present unique challenges to you, such as specific reporting requirements.

Audit 130

Audit Accounts Finance Compliance 130

FloQast

DECEMBER 13, 2023

It’s the boldest attempt to regulate the conduct and financial reporting of public companies in the United States since the Great Depression. In this comprehensive guide, we cover all you’ll need to know about SOX compliance. It was known as the Corporate and Auditing Accountability, Responsibility, and Transparency Act.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

EBizCharge

JULY 14, 2025

But relying solely on manual steps—or even partially automated ones—can introduce unnecessary delays, errors, and compliance headaches. That’s not a scalable system, especially if you’re growing or trying to meet strict audit standards. If you’re working in NetSuite, you already have a strong ERP foundation.

Reconciliation 52

Reconciliation Process Reporting Requirements Posting 52

The Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. However, there are numerous issues due to poor compliance. What’s next?

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

FICO

OCTOBER 26, 2017

This article is from Michael Blicker , a senior consultant in FICO's compliance solutions group. You would think one system would be enough to manage foreign tax compliance. Now, with CRS** (Common Reporting Standard), some financial institutions are starting to think they need two systems. This process has to be audit-proof.

Compliance 53

Compliance IRS Agreements Audit 53

Trade Credit & Liquidity Management

MAY 29, 2025

This shift demands that billers stay informed and proactive, as compliance and efficiency heavily depend on understanding complex regulations and effectively leveraging service providers. Government Mandates: Clearance models help governments ensure compliance and improve tax collection through real-time transaction monitoring.

ISO 20022 52

ISO 20022 ISOs Compliance Cross-Border 52

Fintech News

OCTOBER 21, 2024

Presently only targeting large firms, compulsory reporting requirements will increasingly include a larger set of firms. Many SMEs are already required to collect sustainability information due to the trickle-down effect on the whole supply chains of larger firms.

Finance 117

Finance Blockchain FinTech Regulations 117

Basis Theory

OCTOBER 1, 2024

It’s hard to argue the role PCI compliance plays in today’s digital economy. Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. What are PCI Compliance Levels, and why do they matter?

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

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 88

Rules Payments Institute Authorization Reconciliation 88

The Fintech Times

JANUARY 25, 2024

Aside from the issues firms have reported around their financial control processes, institutions also revealed concerns about their data quality, particularly regarding meeting regulatory reporting requirements. We look forward to completing the survey in 2025 to see how respondents have progressed.”

Process 64

Process Audit Regulatory Compliance Consulting 64

The Fintech Times

APRIL 25, 2024

Intended to chase down inefficiencies associated with retroactive audits, CTCs enable tax authorities to obtain business transaction data in real-time or near real-time, improving the speed and accuracy of tax collection efforts. This in itself is a major hurdle for businesses.

Continuity 69

Continuity Near Real-Time Compliance Authorization 69

Nanonets

FEBRUARY 9, 2024

Still, effective implementation depends on a nuanced understanding of controls and the ecosystem surrounding ICFR – which this guide looks at as an orientation and an initial jumping-off point to long-term financial compliance.   Ultimately, remember that ICFR is more than compliance.

Audit 52

Audit Risk Assessment Assessments Procedures 52

Nanonets

SEPTEMBER 21, 2023

From  technology  adoption to  compliance  with  regulations , we will delve into various strategies that can help businesses overcome  accounting  hurdles and achieve financial success. Regular audits and reconciliations can also help identify any discrepancies and fraudulent transactions.

Accounts 52

Accounts Audit Payroll Compliance 52

FloQast

JANUARY 22, 2025

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. To keep up with new reporting mandates, like ESG reporting , accounting departments need systems that can adapt quickly and reliably.

Accounts 52

Accounts AI Automation Audit 52

PYMNTS

MAY 1, 2018

According to Peter Saccasan, national head of business advisory at auditing firm RSM Australia, companies have to be diligent with assessing whether or not they fall under the new rules. Employers need to conduct a headcount immediately to see if they’re subject to new STP reporting requirements,” he told the publication.

Payroll 40

Payroll Reporting Requirements Rules Regulations 40

Nanonets

APRIL 2, 2024

Updating Internal Records and Bank Statement: Ensuring internal records align with the reconciled figures, facilitating accurate financial reporting, audit compliance, cash flow management, and fraud detection.   This streamlined document management ensures organizational transparency and compliance.

Reconciliation 52

Reconciliation Adjustments Automation Regulatory Compliance 52

FloQast

MARCH 12, 2024

However, there are significant accounting and reporting requirements associated with this structure, so it’s crucial to discuss the decision with your tax advisor, IPO advisor, and legal counsel. This allows pre-IPO investors to maintain flow-through tax benefits, ensure liquidity, and retain control.

Advisors 52

Advisors Due Diligence Audit Legal 52

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Corporate buyers that fail to adhere to these regulatory requirements could face audits, fines and tax withholdings.

Enrollments 66

Enrollments Crime B2B Money Laundering 66

Stax

JANUARY 31, 2024

Compliance and Regulation: Changes in regulations or compliance requirements can also influence interchange rates. Audit your data security measures. Level 3 interchange rates apply to transactions that meet specific detailed reporting requirements, usually for business-to-business (B2B) and government transactions.

Credit Cards 88

Credit Cards Push-to-Card Processors Debit Card 88

FloQast

MAY 7, 2024

It keeps me audit-ready all year long!” – Valerie Cardozo, Dir of Finance & Compliance at Qualys 3) Centralise Storage The Year-End close requires accounting teams to work collaboratively across numerous different documents, and with reference to a range of data. I feel confident that FloQast helps with that.”

Reconciliation 52

Reconciliation Audit Automation Accounts 52

Nanonets

SEPTEMBER 23, 2023

Simplifying Tax Compliance with Accounting Software Accounting software can simplify tax compliance for small businesses, ensuring accurate records and reducing the risk of penalties. By automating tax calculations and generating reports, accounting software streamlines the process of preparing and filing tax returns.

Small Business 52

Small Business Accounts Automation Compliance 52

PYMNTS

FEBRUARY 14, 2019

Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to add one more compliance concern to their list: changes to accounting standards by the Financial Accounting Standards Board (FASB). ” Lease Versus Buy. .

Agreements 46

Agreements Compliance Accounts Rules 46

PYMNTS

SEPTEMBER 5, 2019

Requiring compliance with levy obligations is unlikely to impose undue economic burdens on businesses thanks to modern technology, the court said, adding that the Quill Corp. As a result, businesses are left unsure about how to maintain compliance. . Compliance Questions and Business Opportunities .

Laws 46

Laws Compliance Rules Governance 46

Nanonets

JANUARY 17, 2024

safeguarding a business from errors, fraud, and compliance nightmares. Now, you might be thinking, "We've got this covered with our trusty spreadsheets and quarterly audits." With ever-changing regulations, managing compliance manually is like juggling dynamite. Then there's the behemoth of policy compliance.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

EBizCharge

SEPTEMBER 6, 2024

These reports offer real-time insights and are crucial for financial management, performance tracking, and strategic planning. By automating tax calculations, businesses reduce the risk of errors that can lead to costly penalties and audits.

Accounts 52

Accounts CRM Automation Audit 52

Nanonets

MAY 7, 2024

This process is essential for maintaining financial accuracy, compliance with regulations, and preventing fraud or errors. Compliance and Regulation : Expense reconciliation is crucial for compliance with financial regulations and standards.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

Nanonets

SEPTEMBER 23, 2023

Encumbrance Accounting in Different Sectors Encumbrance accounting is utilized differently in government, public sector, and non-profit organizations, with unique requirements and regulations to ensure transparent financial management. Non-profit organizations rely on encumbrance accounting to manage their restricted funds effectively.

Accounts 52

Accounts Governance Government Payroll 52

Nanonets

AUGUST 2, 2023

This system is designed to streamline the export reporting process, improve trade statistics, and ensure compliance with US export laws. Before implementing the Automated Export System, exporters were required to fill out a paper SED form for each international shipment. What is the Shipper's Export Declaration?

Automation 52

Automation Regulations Compliance Legal 52

Nanonets

AUGUST 1, 2023

This can include individuals responsible for verifying line items, checking for contract compliance, or authorizing payments. Audit Trail and Reporting: Throughout the automated procure-to-pay process, the system maintains a comprehensive audit trail, documenting each action taken on the documents.

Automation 40

Automation Payment APIs and Integration Audit Rules 40

FloQast

APRIL 12, 2024

By understanding the form’s requirements and meticulously preparing your documentation, you can confidently navigate this process. Remember, the goal of the S-1 filing is not just regulatory compliance but to lay a foundation of transparency and trust with your future investors. Information with respect to the registrant.

Underwriting 52

Underwriting Indemnification Due Diligence Legal 52

EBizCharge

AUGUST 23, 2024

Effective accounting systems help businesses manage their finances by monitoring revenue and expenses, ensuring statutory compliance, and providing data-driven insights for business strategy and decision-making. Automated accounting: Allows for quick and detailed reporting with built-in analysis tools.

Automation 52

Automation Accounts Encryption Transactions 52

Nanonets

JUNE 29, 2023

These features enable businesses to accurately track and manage expenses, ensure compliance with expense policies, and gain valuable insights into spending patterns. Its customizable workflows can handle complex and diverse types of spend, enabling compliance with the least amount of friction for employees.

Payment APIs and Integration 52

Payment APIs and Integration Automation Credit Cards Online and Mobile Banking 52

Neopay

APRIL 14, 2025

The new regulations, to be rolled out in two stagesan interim state and an end-state regimeare aimed at enhancing safeguarding compliance, enhancing reporting, and introducing a statutory trust model. This includes stricter record-keeping, more robust reporting requirements, and a requirement for an independent safeguarding audit.

Due Diligence 59

Due Diligence Audit Compliance Reconciliation 59

FloQast

MARCH 10, 2025

IPO Requirements Certain regulatory standards and financial requirements apply for companies that want to go public, and conduct an IPO. These include: Compliance with the relevant financial regulations. Compliance with jurisdictional financial reporting and disclosure requirements.

Underwriting 95

Underwriting Due Diligence Audit Process 95