Nanonets

JULY 14, 2023

We will also touch upon what is wrong with the current state of invoice recognition OCR and information extraction in invoice processing. For a long time, we have relied on paper invoices to process payments and maintain accounts. But can this process be done better, more efficiently, with less wastage of paper, human labor and time?

Automation 98

Automation Process Payment APIs and Integration Database 98

EBizCharge

JUNE 3, 2025

As businesses grow and transaction volumes increase, the need for a dependable and scalable payment processing solution becomes critical. A high-volume merchant account is a payment processing account specifically designed for businesses that regularly process a large volume of credit and debit card transactions.

Volume 52

Volume Credit Cards Process CRM 52

PYMNTS

AUGUST 14, 2020

The COVID-19 pandemic and its resulting economic downturn have placed new strains on corporate buyers that could persuade them to more quickly replace manual AP processes with digital ones. Companies that relied on local AP processes were caught flat-footed by the public health need for employees to work remotely whenever possible.

Process 106

Process Duplicate Automation AI 106

Fintech Finance

NOVEMBER 19, 2024

From unauthorised transactions to duplicate charges or service issues, cardholder disputes can swiftly become time- and cost-intensive for back-office teams, especially during peak periods like Black Friday and Cyber Monday, when transaction volumes spike.

Disputes 96

Disputes Consumer Protection Duplicate Transactions 96

Stax

MARCH 27, 2025

Thats why 92% of consumers and 82% of companies reportedly made the switch to electronic payments, like Electronic Funds Transfers (EFT) and Automated Clearing House (ACH). Automated Clearing House (ACH) is one type of EFT that processes payments in batches through the ACH Network. In 2024, it processed 1.2 trillion.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

The Fintech Times

MARCH 28, 2025

TreviPay , the B2B payments and invoicing network, has launched advanced purchase controls to address pain points in the B2B purchasing process for its clients. ” The advanced purchase controls solution includes a range of configurable options to ensure B2B buyers can pay invoices according to their preferences.

B2B 64

B2B Reconciliation Duplicate Compromise 64

Nanonets

JULY 13, 2023

In the digital age, businesses rely on efficient expense management processes to maintain accurate financial records and ensure smooth operations. However, one challenge that organizations often encounter is the presence of duplicate receipts. What are Duplicate Receipts? How to Prevent Receipt Duplication?

Duplicate 52

Duplicate Audit Process Rules 52

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

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

FICO

MARCH 14, 2023

This health plan was struggling with the limitations that their manual process imposed upon their ability to fulfill their role in providing their citizens with access to quality healthcare, and they felt isolated in their struggle. And we will offer a few examples of how FICO solves customer challenges in claims automation.

Automation 98

Automation Rules Process Innovation 98

PYMNTS

DECEMBER 18, 2020

The firms were especially interested in deploying automated and advanced learning technologies. percent were considering or currently spending on AP and AR automation. Such modernizations could help financial departments process invoices more quickly and easily.”. A Digital Stampede. Everything Look Fine?

Automation 64

Automation Process AI Payments 64

Fintech Finance

JANUARY 29, 2025

Integrated payment hub for advanced processing and workflow automation with ISO 20022 translation, duplicate detection, transaction monitoring and fraud prevention. Subscription-based pricing tailored to contract duration and usage, providing financial institutions with cost predictability and scalability.

SWIFT 59

SWIFT ISO 20022 Payment APIs and Integration Disaster Recovery 59

Fintech Finance

MAY 1, 2025

Together, they set a new standard in how businesses manage payment operations, transitioning from manual, reactive processes to proactive, intelligent workflows. Notify me if any duplicate payments are charged. Seamless Execution: Provides instant access to payment data, insights, and automation with a simple ask.

Treasury 59

Treasury AI Duplicate Payments 59

Finovate

MARCH 31, 2025

The controls will leverage automation to help reduce manual reconciliation activity and enhance compliance with procurement requirements. “Traditional complexities in the order-to-cash process, such as missing or incorrect purchase order information, can cause delays in merchants getting paid,” Zimmerman explained.

B2B 59

B2B Reconciliation Online and Mobile Banking Small Business 59

Nanonets

AUGUST 7, 2023

Join us as we dive headfirst into the captivating realm of AI image processing. What is AI Image Processing? At its core, AI image processing is the marriage of two cutting-edge fields: artificial intelligence (AI) and computer vision. How does AI Image Processing Work? 

AI 90

AI Process On-Demand Automation 90

Nanonets

DECEMBER 6, 2023

However, the advent of HR process automation has revolutionized the way HR professionals operate. By harnessing the power of technology and intelligent software, HR process automation streamlines workflows, reduces errors, enhances data accuracy, and ultimately improves the overall employee experience.

Automation 52

Automation Process Payroll Compliance 52

PYMNTS

OCTOBER 31, 2016

While the financial terms were undisclosed, that deal seeks to expand the former firm’s reach into the automated accounts payable space. The challenge here, for firms of such size, is perhaps not surprisingly the greater volume of invoices and processing that needs to be addressed.

Automation 69

Automation Duplicate Credit Cards B2B 69

Nanonets

JUNE 19, 2023

However, the advent of HR process automation has revolutionized the way HR professionals operate. By harnessing the power of technology and intelligent software, HR process automation streamlines workflows, reduces errors, enhances data accuracy, and ultimately improves the overall employee experience.

Automation 52

Automation Process Compliance Payroll 52

Nanonets

AUGUST 10, 2023

Streamlining your expense claim process isn't just great for business efficiency and accuracy — it's a game changer for your bottom line. According to this Global Business Travel Association report , processing an expense report for a single-night hotel stay costs an average of $58 and takes 20 minutes!

Automation 52

Automation Process Compliance IRS 52

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. Streamlined workflows through automation and centralized documentation. This is where FloQast stepped in. That saved us $110,000 in outside audit fees.”

Compliance 105

Compliance Close Processes Audit Automation 105

The Finance Weekly

OCTOBER 4, 2021

Adopting an automated spend management solution can help you cut unnecessary spending and utilize your resources optimally. Identify duplicate or fraudulent invoices. Optimize business processes to reduce costs. Optimize Business Spending. Here are some examples: Track every payment. No payments without approvals.

Duplicate 130

Duplicate Automation Product Continuity 130

Nanonets

JUNE 19, 2024

What is the Vendor Reconciliation Process in Accounts Payable Vendor reconciliation is a critical practice in accounts payable to ensure the completeness and accuracy of vendor payments. Accounts payable teams must reconcile payments regularly to avoid double-processing them.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

Nanonets

MAY 28, 2025

From their new conversational assistant JAX to automated bank reconciliation, these tools are helping accountants and business owners reclaim time for more valuable work. The assistant handles core accounting tasks like creating invoices, managing quotes, and processing bills. But its real value comes from its ability to think ahead.

AI 52

AI Reconciliation Automation Accounts 52

Nanonets

MARCH 15, 2024

In this article, we dive into what actual AI automation looks like (and why it isn’t as straightforward). Artificial intelligence is now being applied across professional domains that are ripe for automation - areas of work such as software, law, accounting, consulting, finance and so on. Where do you start?

Automation 59

Automation AI Accounts Duplicate 59

Nanonets

APRIL 3, 2024

Businesses are now embracing the virtual to streamline their financial management processes. Enter virtual bookkeeping – a paradigm-shifting approach that harnesses the power of digital tools and automation to revolutionize traditional bookkeeping practices.

Automation 74

Automation Payment APIs and Integration Reconciliation Financial Analysis 74

PYMNTS

FEBRUARY 27, 2020

In the latest Next-Gen AP Automation Tracker , a PYMNTS and Bottomline Technologies collaboration, we provide an informative deep dive into how ERP and accounts payable (AP) automation are combined to form a superior invoice-to-payment-to-reconciliation process solution with a significant financial upside for all.

Automation 56

Automation Payment APIs and Integration API Duplicate 56

Stax

MARCH 4, 2025

At each step of the process, the participants charge a small fee, ranging from 10 cents to almost two dollars, which ultimately adds up to about three dollars for the entire transaction. While the fundamental payment processing steps are similar, the integration processes differ. Ask how often interruptions occur.

Credit Cards 88

Credit Cards Payment APIs and Integration Payment Gateways Gateways 88

Nanonets

SEPTEMBER 1, 2023

AI is wonderful for automating manual work, but automating business processes is not just as straightforward as a 1-line prompt. However, true automation looks different. The reality, though, could not be more different - today, it is possible to get started with using AI for your AP process within minutes.

Automation 52

Automation AI Accounts Duplicate 52

Nanonets

JUNE 18, 2024

Did you know that processing an expense report for an overnight hotel stay can take up to 20 minutes and cost an average of $58 ? Automate Data Extraction from Expense Claims What qualifies as a claim? Learn to craft an effective expense policy & process to guide employee spending.

Automation 52

Automation Process IRS Compliance 52

Nanonets

FEBRUARY 1, 2024

In the rapidly evolving business landscape, the efficiency of Accounts Payable (AP) processes is no longer just a back-office concern but a strategic imperative. Accounts Payable (AP) automation is the use of technology to streamline and improve the process of managing a company's bills and payments owed to others.

Automation 64

Automation Accounts Process Multi-Currency 64

Payment Savvy

MAY 12, 2023

Payment automation solutions have transformed the way businesses handle their accounts payable departments. With the increasing need for cost savings, efficient payment processing, and secure financial data management, payment automation has become an essential tool for modern businesses. What Are Payment Automation Solutions?

Automation 52

Automation ACH Payments Duplicate 52

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. Seamless payment processing software can also be synced directly inside of it when partnered with the right payment gateway.

Payment APIs and Integration 52

Payment APIs and Integration Payment Gateways Gateways Payments 52

Nanonets

APRIL 3, 2024

Guide to the Vendor Account Reconciliation Process Running a business involves collaboration with various vendors who provide different kinds of products and services. Vendor reconciliation , a crucial part of this process, involves scrutinizing purchase-related documents to ensure accuracy in all vendor transactions.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

PYMNTS

FEBRUARY 26, 2020

Many are turning to enterprise resource planning (ERP) tools with accounts payable (AP) automation to harness both solutions’ abilities and level up their businesses’ values. Bringing AP automation to ERP offerings enhances working capital management, reduces operational costs and improves productivity. ERP and AP Automation Uptake.

Payment APIs and Integration 83

Payment APIs and Integration Automation API Duplicate 83

Nanonets

SEPTEMBER 25, 2024

For businesses processing thousands of bank statements daily—from insurance companies to financial institutions, bank statement processing presents a challenge and an even bigger opportunity for automation. In this article, we’ll explore applications of AI and automation for bank statement processing.

Process 52

Process AI Best Practices Reconciliation 52

Nanonets

JUNE 7, 2023

While Chat-GPT may be able to pass the CPA exam and generate incredible walls of text, true AI automation looks different (and isn’t as straightforward as a 1-line prompt). However, these processes involve spending time (and money). And yet adoption of this technology is still not widespread.

Automation 52

Automation AI Accounts Duplicate 52

Nanonets

JULY 14, 2024

IInvoice management software is transforming financial processes for businesses in 2024. Many businesses face challenges with invoice processing —from data entry errors to delayed payments. Modern invoice management tools automate much of the process. These issues can impact cash flow and overall efficiency.

Automation 52

Automation Process Multi-Currency Online and Mobile Banking 52