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In Expense Fraud, Admitting There’s A Problem Is The First Step

PYMNTS

Especially for businesses that rely on manual expense reports, management and auditing processes, an employee that fudges a dollar amount here and there, or a worker who accidentally submits an expense report twice, mean companies can easily fall victim to fraud, both intentional and unintentional. It’s a very involved process.

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Five Ways To Save Money Every Government Department Should Know About

FICO

5) Reduce Duplicate Invoice Payments. Most ERP systems are designed to prevent duplicate payment of a single invoice. The challenge is that the business rules within the ERP system do not cover all use cases, and some duplicate payments are still issued. Reduction in effort to review and audit purchases.

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How Blockchain Is Disrupting Insurance

CB Insights

Combating fraud is one of the most compelling use-cases of the blockchain, which can provide insurers and insurees a permanent audit trail that can be used to evaluate claims. But an insurance audit trail isn’t just useful for preventing fraud.

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Quickbooks Receipt Scanner : How to Scan Receipts into Quickbooks?

Nanonets

Here are some use cases for QuickBooks accounting software: Invoicing Payroll Expense tracking Financial reporting Budgeting Inventory Management Quickbooks Receipt Scanning One of the most widely employed use cases of Quickbooks accounting software is receipt and expense management.

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AP Automation: 10 Best Invoice Management Software Compared

Nanonets

Nanonets is an invoice management system that everyone can use, not just the finance team. Automate manual, time-consuming tasks such as GL coding, approvals, vendor notifications, duplicate invoices, and more with no-code workflow automation. You can also schedule a demo to learn more about your use cases!

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Startup Roundup: Changing The Name Of The Game

PYMNTS

Second, there are no duplicates, because the world wide web is, well, worldwide. The technology behind nanopay has a few potential use cases: primarily, the creation of “currencies” for merchants and retailers to use as rewards mechanisms.

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What is a Bank Reconciliation Statement & How to do it?

Nanonets

Auditing Challenges: Manual reconciliation can pose challenges during audits or financial reviews. Auditors may have difficulty verifying the accuracy and completeness of manual reconciliations, potentially leading to audit findings or discrepancies.