Nanonets

MAY 23, 2025

Organizations implementing this integrated approach report significant reductions in manual data entry, fewer errors in their financial data, faster processing cycles, and the ability to scale operations without proportionally increasing headcount. 

Automation

Stax

JUNE 23, 2025

Businesses use ACH API integration to lower payment processing costs, streamline high-volume or recurring payments, and improve payment status visibility. An ACH API is a type of application programming interface that enables businesses to initiate, process, and track ACH payments electronically through the ACH network.

ACH

EBizCharge

JUNE 25, 2025

Safeguarding Your Business with Proper Surcharge Practices Surcharging can help your business manage processing costs, but only if it’s done by the book. Every detail matters,from the way you word your signage to how your staff explains the charge at the register. Small oversights can create big risks.

Compliance

Stax

APRIL 10, 2025

Step 3: Calculate transaction fees and other associated processing costs Your choice of payment methods shouldnt come with too much overhead costs that they stifle your business. Benefits of invoice payments Its a document that carries your brands visual identity (logo, business name, colors, etc.),

Small Business

Fintech Finance

JULY 9, 2025

This seamless approach reduces manual effort, accelerates processing times, and ensures multi-national organizations remain compliant with evolving global mandates – unlocking operational efficiency, audit readiness, and peace of mind at scale.

Automation

Cardfellow

JUNE 14, 2025

Lowering Your Processing Costs If your processing costs are already too high and you’re looking to lower them, CardFellow can help. Related Article: Interchange Downgrades.

Credit Cards

EBizCharge

JUNE 23, 2025

The courts have generally sided with merchants who argue they should be able to recoup processing costs. Once implemented, regularly audit your system to ensure the surcharge is being applied correctly and legally. Federal and State Surcharge Laws At the federal level, there’s no law preventing credit card surcharges.

Credit Cards

Nanonets

NOVEMBER 14, 2024

Multi-team access controls and audit trails 6. Processing status monitoring and analytics 7. Automated quality control with error routing 3. Built-in validation rules and business logic 4. Direct integration with enterprise systems 5.

Process

The Fintech Times

FEBRUARY 14, 2024

Crucial for organisations worldwide, this transformation rewrites the rules and offers a seamless alternative to tedious data entry, high processing costs, and lost invoices, promising a new era of financial agility. The post Beyond Manual Processes: Embracing AP Automation appeared first on The Fintech Times.

Automation

PYMNTS

OCTOBER 6, 2020

The updates, the company said, will speed invoice processing by 10 times and cut processing costs by 80 percent. But Aavenir’s conversations with corporates found that these firms were looking for more of an “enhanced workflow” for invoice processing. Drilling Down Into the Pain Points .

Automation

Stax

JANUARY 15, 2024

Are you struggling with resource constraints caused by soaring credit card processing costs? TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs. It offsets the card processing costs, transferring the financial obligation to the latter.

Credit Cards

PYMNTS

FEBRUARY 20, 2019

“This development is in line with the group’s strategy to streamline the payment supply chain, deliver lower payment processing costs, improve customer experience and facilitate product iteration.” Customers will benefit from lower transaction costs and an improved experience, the firm said. and elsewhere.

Faster Payments

Stax

FEBRUARY 5, 2024

This surcharge covers the cost of processing credit card payments via platforms like Visa, Mastercard, and American Express. Businesses apply it to offset e-payment processing costs for transactions where customers pay with credit cards rather than cash. Credit card surcharge. Fuel surcharge. Regulatory Compliance.

Credit Cards

Nanonets

NOVEMBER 15, 2023

Let's say you process 10,000 invoices monthly at $10 each. Now consider this: roughly a third of businesses surveyed were able to reduce invoice processing costs even more: a whopping 50%. Automate reporting and audit trails With paper-based systems, these tasks often require more time and effort. Impressive, right?

Accounts

Stax

MARCH 14, 2024

Next, you should audit your overhead costs to make sure you aren’t overspending anywhere. Once you’ve identified your overhead costs, you can try to find cheaper options without sacrificing quality to your own products or services. Perform regular audits of overhead costs to ensure that your overhead is always optimal.

CRM

Basis Theory

OCTOBER 1, 2024

On the other hand, organizations with Levels 2, 3, or 4 use Self-Assessment Questionnaires (SAQs) to audit their compliance program. and assessments, significantly eliminating prep efforts and reducing audit timelines (to as little as 21 days.) Cost to Implement a PCI-Compliant System A CDE doesn’t build itself.

PCI DSS

Nanonets

AUGUST 21, 2023

Cost savings A recent report revealed that almost 92% of businesses use checks for payments. With the median processing cost between $2.01 and $4 , processing each check manually can be very expensive for companies.  Here are some compelling reasons to consider implementing B2B payment automation: 1.

B2B

EBizCharge

AUGUST 15, 2024

These fees are incurred by merchants for each transaction and are paid to the card-issuing banks as compensation for handling the credit risk and processing the payment. Pass-through fees are essential for merchants since they directly impact overall credit card processing costs. Why do pass-through rates vary by processor?

Credit Cards

Nanonets

JUNE 19, 2024

Compliance and Audit Trail : Small businesses are often subject to audits and regulatory requirements. This transparency can be crucial during audits, providing clear evidence of financial transactions. ERP Integration: It seamlessly integrates with ERP systems, ensuring fully automated accounts payable processes.

Small Business

Nanonets

APRIL 17, 2023

One of the most significant advantages is the reduction of processing costs by minimizing the need for manual effort. As businesses grow, this automation can also aid in scaling AP processes without requiring additional hires. Looking to automate your manual AP Processes?

Automation

Nanonets

JANUARY 23, 2024

Imagine invoice processing costs dropping from  $40  to  $1.42  each. This powerful combination empowers businesses to take control of their accounting processes, improve employee morale, reduce compliance risks, and achieve audit readiness. Automation in accounting? A game-changer!

Automation

Nanonets

APRIL 16, 2023

Get Started Approval Process The best AP automation software runs an efficient approval process from approval prediction to multi-tier approval management. This helps a business take advantage of the early payment cycle and cuts processing costs. This minimizes the delays in obtaining approvals and improves efficiency.

Automation

Stax

JANUARY 31, 2024

You could choose to reward cash transactions and lower-cost card transactions. Audit your data security measures. Secure payment processing methods can result in reduced fees, as the card networks offer reduced fees on transactions they deem less risky. Improve your customer retention strategies.

Credit Cards

EBizCharge

AUGUST 5, 2024

Billbacks often complicate the accounting process as they require retroactive adjustments to the revenue, leading businesses to use billback software or third-party billing software. Understanding how billbacks work allows businesses to accurately manage and predict their processing costs, ensuring there are no unexpected fees.

Best Practices

Nanonets

AUGUST 1, 2023

It also prevents fraudulent payments from being processed, including those resulting from incorrect data entry, false billing, or fraudulent cheques. Additionally, automated invoice approvals and an audit trail for the accounting team and auditors can be set up to add another layer of protection against fraudulent activities.

Automation

Nanonets

FEBRUARY 1, 2024

Dramatic Cost Reductions in Processing Let's start with the financial health of your department. AP Automation has been shown to slash processing costs by a staggering 70%. Accounts payable automation solutions are built with robust security measures like encryption, user authentication, and audit trails.

Automation

Nanonets

FEBRUARY 26, 2024

This seamless integration ensures a smooth workflow without major overhauls of existing processes. Cost Savings: By automating manual data entry tasks, Nanonets' OCR technology helps reduce labor costs associated with repetitive document processing. Pull up documents whenever required during audit.

Accounts

Nanonets

SEPTEMBER 21, 2023

Benefits of AP Automation Examples Enhanced Efficiency Automated   invoice processing   reduces manual tasks and accelerates payment cycles. Cost Savings Streamlined processes lead to reduced processing costs and potential for early payment discounts.

Accounts

Nanonets

MARCH 14, 2024

Compliance: It ensures compliance with internal procurement policies and external regulations, minimizing financial risks and audit issues. Cost Savings: By avoiding overpayments and resolving discrepancies efficiently, companies can save significant costs in the long run. How to automate 2-way matching?

Payment APIs and Integration

Nanonets

OCTOBER 1, 2024

The invoice is then filed for future reference or audits, completing the validation process. ➡️ Now, on paper, this process seems straightforward. In the process, they overlook a discrepancy in the received quantity. This leads to an overpayment, which is only discovered during the next audit cycle.

Best Practices

Nanonets

MARCH 20, 2023

  The use of accounts payable software results in a 73% faster processing time. According to Goldman Sachs , the use of accounts payable automation software also results in 33% reduction in processing costs. Another compelling driver of AP automation is the elimination of errors.

Accounts

Nanonets

FEBRUARY 26, 2024

However, automated AP processing costs are just 33% of manual costs, resulting in significant annual savings of $62 billion for  AP departments. What is Accounts Payable Automation? Companies gain a clearer view of their liabilities and can more effectively manage their working capital.

Automation

EBizCharge

MAY 13, 2024

Business owners and finance teams can use this data to make informed decisions, such as identifying trends in payment behavior and developing targeted strategies to address outstanding payments or to enhance the payment collection process. Cost savings: Shifting to an automated system can lead to substantial cost savings.

Automation

EBizCharge

MAY 14, 2024

This flexibility enables businesses to scale their billing operations seamlessly and cost-effectively, ensuring they can continue to meet the needs of their growing customer base without experiencing bottlenecks or disruptions in their billing processes. Set up a self-service customer payment portal.

Automation

Segpay

MARCH 10, 2025

What Are the Costs Associated with Gaming Payment Gateways? Understanding Transaction Fees and Chargebacks For gaming businesses, understanding payment processing costs is crucial for maintaining profitability and optimizing revenue flow. Offer multiple payment methods to reduce dependency on higher-fee options.

Payment Gateways

Nanonets

SEPTEMBER 22, 2023

Enhanced Financial Control *Factual Data: According to a survey conducted by Deloitte, businesses that automate their accounts payable processes see a reduction in processing costs by up to 80% and achieve payment accuracy rates of over 99%. Streamlined Payment Disbursement 5.

Automation

Nanonets

JULY 12, 2024

Cost Savings : Cut data processing costs significantly. Process 10 or 10,000 forms with the same system and similar turnaround times. Generate audit trails automatically for regulatory compliance. Improved Accuracy : Reduce data errors by eliminating manual entry.

Process