EBizCharge

JULY 7, 2025

A surcharge is a fee added to a transaction when a customer chooses to pay with a credit card. How is a transaction evaluated before a surcharge is applied? For example, you typically can’t apply a surcharge to debit card transactions—only credit. Transparent audit trails and reporting for all surcharged transactions.

B2B

EBizCharge

APRIL 22, 2025

Since the ways merchants handle transactions can make or break their success, integrating a reliable and robust payment processing system that syncs with their other business systems can be invaluable. Centralized data management All payment data is automatically captured and stored in Salesforce, alongside customer and transaction records.

Payment APIs and Integration

EBizCharge

JULY 24, 2025

Whether it’s a deposit for a future software license or a down payment for a large equipment order, customer deposits help secure the transaction and provide working capital. Mishandling deposits can create issues with revenue recognition and even result in duplicate revenue entries. Choose the customer and the relevant sales order.

Best Practices

EBizCharge

JULY 16, 2025

Finance wants accuracy and auditability. Customer and transaction data should flow automatically. Before you import anything into NetSuite, take time to audit and clean up your data. It simplifies daily workflows while enhancing visibility and control over your transactions. Which systems touch billing today?

Payment APIs and Integration

EBizCharge

JULY 14, 2025

In practice, this might include matching bank deposits with recorded cash entries, syncing credit card transactions, or confirming that subledger entries match your general ledger. You might be exporting data into spreadsheets, manually matching transactions, and tracking exceptions in separate documents.

Reconciliation

Finextra

AUGUST 4, 2025

A typical mid-size bank or fintech might use separate systems for transaction monitoring, sanctions screening, case management, KYC checks, etc., Key impacts of operational inefficiency include: Slow, costly processes: Manual data transfers and duplicate reviews mean compliance cycles that should take minutes stretch into days.

AML

EBizCharge

AUGUST 6, 2025

The platform can support complex product configurations, custom price levels, and multi-level approval workflows characteristic of business transactions with ease. This is particularly important in configuring out-of-the-box payment options that streamline the entire transaction process from initial quote to ultimate payment and accounting.

Payment APIs and Integration

PYMNTS

JANUARY 26, 2021

Usually, the auditing workflow involves looking at expense reports filed by employees, with a focus on identifying potentially erroneous or even fraudulent transactions. Digitizing and centralizing spend across various departments and workflows is the first step to enhancing the auditing process, said McCrossan.

Audit

PYMNTS

AUGUST 19, 2019

Firms auditing expenses through manual processes and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees. Deploying technology — especially artificial intelligence (AI) — can streamline the auditing process and boost cost savings significantly.

Audit

Nanonets

JUNE 19, 2023

Accounts payable audits play a crucial role in the financial health of businesses. This article covers why accounts payable audits are important to maintain financial health and the steps in an AP audit process. We will also cover how automation helps to streamline the AP audit procedure. What is an AP Audit?

Audit

FloQast

NOVEMBER 28, 2023

Recently, FloQast published an e-book on how technology can improve audit efficiency based on Ashley’s first-hand experience. The more automation that can be built in recording daily transactions, the lower the risk of error occurrence from manual intervention and recording. Check out the full e-book here.

Audit

Nanonets

AUGUST 1, 2023

In the rapidly evolving world of auditing, innovative technologies have revolutionized traditional practices. Auditors are now increasingly embracing the agile auditing approach previously used in software development. This strategic allocation of resources optimizes auditing efforts, leading to more focused and effective audits.

Audit

Nanonets

APRIL 24, 2024

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?

Reconciliation

The Fintech Times

FEBRUARY 14, 2024

Easier monitoring: Automated systems maintain an audit trail for all transactions, facilitating process monitoring and compliance with audits. Duplicate and fraudulent invoice detection : AI engines can identify potential duplicate invoices or invoices with unusual amounts and flag them for review.

Automation

Nanonets

AUGUST 1, 2023

Over the years, the auditing landscape has undergone remarkable transformations, and among the most significant advancements has been the advent of audit automation software solutions. Computer-Assisted Audit Tools and Techniques (CAATTs) have been available to auditors since the early 1990s. The situation has changed now.

Audit

Trade Credit & Liquidity Management

MAY 8, 2025

Duplicate entries: Different users create slightly different customer records. Just clean transactions from day one. Audit and tax readiness: Having tax-exempt certificates, legal names, and transaction records tied to the correct entity keeps the business in compliance and reduces audit prep work.

Finance

PYMNTS

JUNE 22, 2017

Even with the rise in eInvoicing and electronic B2B payments, disconnects, miscommunication and erroneous transactions plague the accounts payable department. Finding where those errors are via manual auditing can be a headache, too.

Duplicate

The Payments Association

MARCH 25, 2025

More cards mean more transactions and more compliance risks. Without clear answers, duplicated work can lead to mistakes, disputes, and unnecessary delays. Without clear answers, duplicated work can lead to mistakes, disputes, and unnecessary delays. But theres no universal playbook for implementing payment network updates.

Compliance

Nanonets

APRIL 3, 2024

Vendor reconciliation , a crucial part of this process, involves scrutinizing purchase-related documents to ensure accuracy in all vendor transactions. " Reconciliation in accounting refers to the comparing of details of transactions and financial activities between various documents.

Reconciliation

PYMNTS

FEBRUARY 20, 2020

It’s an area of business spend friction that is driving a newfound resurgence in commercial card innovation that the card industry hasn’t seen in decades, with FinTech firms stepping in to take advantage of card transaction data. “Businesses are overpaying for a lot of duplicate software,” he said.

Commercial Card

Nanonets

SEPTEMBER 25, 2024

of Americans held transaction accounts , generating an unprecedented volume of financial data.    It involves extracting key details from bank statements, such as transaction amounts, dates, descriptions, account balances, payee names, account numbers, and transaction types (e.g., In 2022, a staggering 98.6%

Process

Nanonets

JUNE 19, 2024

Ensures Accuracy : It verifies the balance of vendor accounts at the end of the period, ensuring that all transactions are accurately recorded and accounted for. By doing so, they can maintain good vendor relationships, detect fraud, and support audit trails.   Document the root cause of errors in resolving discrepancies.

Reconciliation

Nanonets

JUNE 21, 2023

As transactions flow in and out, reconciling payments becomes crucial to ensure accuracy, identify discrepancies, and maintain a clear financial picture. Payment reconciliation refers to the process of comparing and matching financial data from different sources to ensure accuracy and consistency in the recorded transactions.

Payment Reconciliation

FICO

MARCH 27, 2018

Analytical models can score 100% of procure-to-pay transactions for risk in line, and in real-time. Models can identify anomalous transactions that put the organization at risk. Automated risk scoring also reduces the effort to review and monitor purchases, by allowing staff to focus on transactions that truly need their attention.

Governance

FICO

APRIL 3, 2019

There have been numerous articles throughout the year about government organizations and universities lacking the staff and tools to review 100% of their transactions. Most of the issues with procure-to-pay compliance arise because many staff reviewing transactions are more focused on completing their review than on the quality of the review.

Risk

Nanonets

JUNE 22, 2023

Invoice reconciliation is the process of comparing and matching invoices with relevant supporting documents to ensure the accuracy and integrity of financial transactions. It acts as a checks and balances system that ensures the accuracy and integrity of financial transactions. What is invoice reconciliation?

Reconciliation

The Payments Association

MAY 16, 2025

Regulatory developments previously confined to financial institutions and payment service providers are now extending to the systems, practices, and commercial relationships of merchantsparticularly where digital payments, cross-border transactions, and customer data are concerned. Review acquirer contracts for flexibility around fee changes.

Regulations

Nanonets

APRIL 29, 2024

Unlocking Efficiency: A Guide to Intercompany Reconciliation Software Modern businesses, with the predominance of remote work and globalised operations, often have to deal with intercompany transactions. Managing such transactions can be cumbersome without the right tools and solutions, however. 

Reconciliation

Nanonets

JUNE 17, 2023

Account reconciliation is the process of comparing general ledger accounts (usually from the balance sheet) with supporting documents, such as bank statements, sub-ledgers, and other underlying transaction details. Reconciliation in accounting is essential for ensuring that the general ledger balance is complete and accurate.

Reconciliation

Nanonets

MAY 21, 2024

Investigate Discrepancies: Analyze differences, trace transactions and rectify errors. Make Adjustments: Record missing transactions and correct errors for accurate balances. Transposing numbers, omitting transactions, or recording incorrect amounts can distort the accuracy of reconciled accounts.

Best Practices

Nanonets

NOVEMBER 30, 2023

For example, in the separation of duties, the accounts payable staff responsible for invoice processing can’t approve invoices for payment, complete payments without proper approval, make journal entries, or post transactions to the general ledger to close the books. 

Best Practices

Fintech Review

NOVEMBER 19, 2023

Blockchain relies on a network of computers (called nodes) that work together to confirm and record transactions in a safe and transparent manner as opposed to a central authority or middleman. Transprency : A public ledger lists every transaction for anyone to audit.

Blockchain

Nanonets

JUNE 26, 2024

A bank reconciliation statement is a financial document that compares a company's bank account balance to the transactions recorded on its general ledger, often called the "cash books." We can single out the unreconciled transactions by eliminating the entries that can be traced on both records.

Reconciliation

Nanonets

MAY 6, 2024

This results in scattered files, versioning issues, the need to track down stakeholders for missing information, the generation of duplicate datasets, and more.   At its core, BlackLine automates key accounting functions, including account reconciliation, journal entry management, variance analysis, intercompany transactions, and more.

Reconciliation

CB Insights

MARCH 21, 2018

On a distributed ledger, insurers could record permanent transactions, with granular access controls to protect data security. This data can be used to identify patterns of fraudulent behavior from previous transactions, but it’s often inconsistent due to the difficulty of sharing sensitive information between different organizations.

Blockchain

Nanonets

APRIL 29, 2024

It is the process of comparing and matching credit card transactions with corresponding spends and financial records to ensure accuracy and transparency in financial reporting.  It involves matching individual credit card transactions, such as purchases, payments, and fees, with entries in the company's accounting records.

Reconciliation

Nanonets

MAY 29, 2024

These PO systems are effective in automating purchases reducing errors controlling expenses saving time improving spending/ budget planning improving supplier relations ensuring compliance with documentation for audits How does a PO system work? This reduces the risk of errors, such as duplicate orders or incorrect quantities.

Small Business