Fintech News

JANUARY 30, 2024

AI-powered processes have streamlined labour-intensive tasks, minimised errors, and sped up transactions. One of the key functions of AI in this domain is its ability to match incoming payments with outstanding invoices, thereby automating payment reconciliation and significantly reducing manual efforts.

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Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 120

Nanonets

APRIL 16, 2023

Source: esker The introduction of intelligent automation into the accounts payable process minimizes the risk of manual intervention, accelerates operations, and helps maintain compliance. So, what exactly is AP automation ? Looking for an AI based AP Automation solution? How Does AP Automation Work?

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Automation AI Accounts Reconciliation 52

Nanonets

AUGUST 17, 2023

Manual AP processing can result in delayed payments and, in certain instances, even expose the business to potential vendor fraud. Accounts Payable Automation is the solution to the problems of manual AP management and can optimize the procure-to-pay workflow for financial teams. per invoice for the highest process maturity level.

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Automation Accounts Payment APIs and Integration Procedures 52

Nanonets

MAY 30, 2024

Automation has become a cheat code in recent years, with each business function improving efficiency and moving away from manual, repetitive roles to more strategic roles. Imagine a world where your procurement process runs like a well-oiled machine—no more delays, no more errors, and no more endless paperwork.

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Nanonets

FEBRUARY 26, 2024

Today, you can automate these processes using accounts payable automation solutions and optimise accounts payable for your finance teams. Our blog cuts through the complexity of AP processes, presenting a clear pathway to automation in 7 steps. What is Accounts Payable Automation?

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Automation Accounts Payment APIs and Integration Process 52

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. Cost savings.

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EBizCharge

MAY 14, 2024

Automated billing transforms how businesses handle their finances, offering a seamless and error-free approach to invoicing and payments. With its foundations in digital efficiency, automated billing could be the financial game-changer your company needs. What is automated billing? How does automated billing work?

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Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

Nanonets

AUGUST 21, 2023

B2B payment automation involves everything from the automation of capturing and processing invoices to making payments to vendors and reconciling those payments in your books. B2B payment automation is a game-changer for businesses of all sizes. B2B payment automation is a game-changer for businesses of all sizes.

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B2B Automation Payment APIs and Integration Payments 52

EBizCharge

MAY 13, 2024

Tools like AR automation can streamline these operations. This article will explore the benefits of collections automation, including how it can improve cash flow and overall efficiency for businesses. When businesses automate payment collection processes, they can significantly enhance their cash flow and overall financial health.

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Automation Disputes Payments Process 52

EBizCharge

JUNE 3, 2025

As a leading provider of integrated payment solutions, EBizCharge offers tailored services that support the complex needs of high-volume businesses, helping them streamline payment processing operations, improve cash flow, and reduce processing costs. Luckily, EBizCharge can help.

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Nanonets

FEBRUARY 21, 2024

Yet, the leap from traditional bookkeeping to a streamlined, automated financial ecosystem is one that many QuickBooks users are yet to fully embrace. Today, AP automation technology can automate what was once a laborious process. This era saw a significant reduction in paper-based processes. in real time.

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PYMNTS

JANUARY 6, 2020

At the same time, a shift to electronic payments causes more reconciliation challenges, so companies are spending more time reconciling and processing them than they do even for paper payments. If they don’t use automation, companies dedicate more people to the reconciliation challenge — but automation can significantly help.

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Nanonets

MARCH 20, 2023

Automated accounts payable software can efficiently manage large volumes of financial transactions between a company and its suppliers, while also automating ancillary activities such as approvals and payments. A company’s choice of AP automation software depends upon its features and the specific needs of the company.  

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Accounts Payment APIs and Integration Multi-Currency Automation 52

Stax

MARCH 14, 2024

ACH payments ACH payments, sometimes known as EFTs (electronic funds transfers) or echecks , are made through an Automated Clearing House that acts as an intermediary between bank accounts to complete bank transfers. On the merchant side, B2B cards come with lower processing rates if you qualify for level 2 and level 3 card processing.

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B2B Process B2C Credit Cards 88

Nanonets

JUNE 27, 2023

Traditionally, manual invoice processing has been a time-consuming and resource-intensive task, leading to high costs of processing an invoice. In this post, we will explore how automation can improve your accounts payable cost per invoice, enabling you to enhance efficiency, reduce errors, and drive savings.

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Process Automation Electronic Funds Transfer (EFT) Volume 52

Nanonets

OCTOBER 18, 2024

The future of accounts payable lies in AP automation , which can turn this traditional back-office function into a key driver of growth. In the new era of accounts payable— every invoice processed should be a step towards long-term success. 5 Tipalti Midmarket + Enterprise Global payments automation with tax compliance 4.5/5

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Payment APIs and Integration Automation AI Multi-Currency 52

PYMNTS

NOVEMBER 14, 2019

DadeSystems has built an award-winning SaaS solution that streamlines accounts receivable processes, helping our customers increase efficiency, lower processing costs and shorten their invoice-to-cash cycles,” said DadeSystems President and CEO Bill Zayas. .

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CHIPS NOV Reconciliation Processing Costs 46

PYMNTS

JULY 3, 2018

In its The State of ePayables 2018 report, Ardent Partners explores just how deep the divide is between these two ends of the digitization spectrum – and how much late adopters of eInvoicing and automation are paying for their procrastination. Top performers have an STP rate that is 2.5

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Accounts Automation Processing Costs Fraud Prevention 41

Core

OCTOBER 4, 2023

Minimized Fees and Costs ERP payment systems help organizations minimize transaction fees and processing costs for both sides of the transaction. By optimizing payment processes, payment-related expenses are more efficient, leading to significant savings over time.

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Governance Government Payment Reconciliation Payments 52

Nanonets

FEBRUARY 20, 2024

The challenges are numerous: painstakingly slow manual data entry ever-present risk of human error lack of efficiency in the approval process Businesses are constantly seeking ways to streamline these critical operations. Today, AP automation technology can automate what was once a laborious process.

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PYMNTS

DECEMBER 8, 2016

businesses are attracted to digital invoicing for a slew of financial benefits: faster, more efficient accounts payable and reconciliation processes, a reduction in the threat of errors due to manual data entry and ability to capture early payment discounts thanks to an accelerated invoice management process. In the U.S.,

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Compliance Regulations Government Governance 64

PYMNTS

APRIL 12, 2016

Speaking of the AP professional, that’s the third benefit: streamlined accounts payable processes. Because virtual cards are just that — virtual — they automate the payment and reconciliation processes, connecting payment data directly into financial systems.

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Commercial Card Credit Cards Reconciliation Payments Tools 40

Nanonets

FEBRUARY 20, 2024

The challenges are numerous: painstakingly slow manual data entry ever-present risk of human error lack of efficiency in the approval process Businesses are constantly seeking ways to streamline these critical operations. Today, AP automation technology can automate what was once a laborious process.

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Automation Database Process AI 52

EBizCharge

MAY 8, 2024

This article will shed some light on ACH check processing fees, explaining each type and how they could affect your financial transactions. Automated Clearing House (ACH) refers to an electronic network used for financial transactions in the United States. flat fee whether it processes a $100 or a $10,000 transaction.

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Tearsheet

OCTOBER 2, 2024

Payment platforms that can easily integrate with existing ERP and accounting software ensures smooth data flow and easy reconciliation. Additionally, globalization and international trade are pushing businesses to find more efficient and cost-effective solutions for cross-border payments.

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B2B Checks Payment APIs and Integration Push-to-Card 59

Nanonets

NOVEMBER 15, 2023

The term paperless accounts payable refers to a completely digital AP process, eliminating the need for paper invoices. It involves the  AP department  leveraging technology to digitize invoices and related documents, automating the approval process, and conducting payments through electronic means.

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Accounts Payment APIs and Integration Audit Automation 52

Nanonets

SEPTEMBER 21, 2023

It involves optimizing the payment process, ensuring timely payments, taking advantage of early payment discounts, and maintaining good relationships with suppliers. Optimizing the payment process ensures timely payments and helps businesses take advantage of early payment discounts.

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Accounts Best Practices Automation Reconciliation 40

Nanonets

JUNE 14, 2024

With that being said, let us define the procure-to-pay process, understand the steps involved in completing it, and learn how it can be optimized today with the help of automation. Procure-to-Pay (P2P) is the complete process carried out by a business when purchasing goods or services. How to Optimize the Procure-to-Pay Process?

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Nanonets

FEBRUARY 26, 2024

It allows them to automate the extraction and interpretation of text from images, invoices, receipts, and other documents. Automate manual data entry using Nanonet's AI-based OCR software. Capture data from documents instantly and automate data workflows. Reduce turn around times and eliminate manual effort.

Accounts 52

Accounts Payment APIs and Integration Automation Multi-Currency 52

Nanonets

SEPTEMBER 1, 2023

As transactions are irrevocable, the need for vendor confirmation is eliminated, simplifying and hastening the reconciliation process within your system. Generally, you must account for a few days to process the amount and keep buffer time. per invoice during processing.

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PayHawk

JUNE 9, 2023

Merchant service interchange plus fees are lower than traditional credit card processing fees. By choosing a merchant services provider like PayHawk, businesses can reduce their payment processing costs and reinvest those savings into other areas of their business. Start Saving Money!

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Debit Card Fraud Prevention Disputes Online and Mobile Banking 52

Exact Payments

JANUARY 14, 2024

By syncing payment and other crucial back office systems, integrated payments automate time-consuming, manual processes and unlock a suite of benefits: Streamlined Operations One of the primary benefits of integrated payment systems is that they streamline the payment process and resulting data. But it should be.

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Payment APIs and Integration Payments CRM Embedded Finance 52

Exact Payments

JANUARY 14, 2024

By syncing payment and other crucial back office systems, integrated payments automate time-consuming, manual processes and unlock a suite of benefits: Streamlined Operations One of the primary benefits of integrated payment systems is that they streamline the payment process and resulting data. But it should be.

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Payment APIs and Integration Payments CRM Embedded Finance 52

EBizCharge

MAY 20, 2024

Certified NetSuite payment solutions EBizCharge: EBizCharge is a top-rated payment processing solution that seamlessly integrates with NetSuite, allowing businesses to securely process payments directly inside the platform. How much does NetSuite payment processing cost? How much does NetSuite payment processing cost?

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Process PCI DSS Processors Payment APIs and Integration 52

Evolve Payment

NOVEMBER 21, 2022

They streamline everything from manually keying in a credit card transaction to handling payroll and reconciliation. The most convenient and efficient way to process transactions is with fully-integrated payments , also known as just ‘ integrated payments.’ Integrations are important because they make things faster and easier.

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Process Processors Credit Cards PCI DSS 52

Nanonets

SEPTEMBER 22, 2023

Automating workflows can expedite  invoice processing  and ensure accurate  payment disbursement. Proper management of trade payables extends beyond just payment processing. By streamlining these processes, businesses can effectively manage their trade payables, reduce errors, and improve efficiency.

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Automation Accounts Risk Process 40

M2P Fintech

AUGUST 8, 2023

Cost Effectiveness: Reduced operational costs and resource optimization through automation and cloud-based infrastructure. They facilitate secure and efficient communication between various systems, enhancing the overall efficiency and responsiveness of the credit card management process.

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