Fintech Weekly

JUNE 10, 2025

A thorough review process also strengthens collaboration between junior and senior developers. Without proper review, developers often introduce inconsistent logic, duplicate code, or small mistakes that balloon into major refactoring efforts later. But that shortcut comes with a price. Too much friction, and you slow down velocity.

Blockchain 78

Blockchain FinTech Payment APIs and Integration Web 3.0 78

Chargebee

MAY 23, 2024

An unplanned migration process can lead to data duplication, inaccurate revenue reporting, and business downtime – all affecting the incredible subscriber experience you want to deliver to your customers. You’ll reach the finish line only when you nail the implementation, migration, and onboarding.

Best Practices 76

Best Practices Duplicate Process 76

Nanonets

NOVEMBER 30, 2023

Companies that establish accounts payable best practices increase the visibility of information, reduce their invoice processing time, save money, strengthen internal controls and cash flow management, reduce fraud and errors, and improve vendor relationships. Use automatic AP invoice approval processes. 

Best Practices 52

Best Practices Accounts Electronic Funds Transfer (EFT) Automation 52

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

Nanonets

MAY 21, 2024

Seven Best Practices for Effective Account Reconciliations From Mesopotamia's rudimentary ledgers tracking livestock and crops to the second-century BCE Indian treatise " Arthashastra ", accounting has been a cornerstone of economic management in any civilized society.

Best Practices 52

Best Practices Reconciliation Accounts Payment APIs and Integration 52

Chargebee

MAY 24, 2024

An unplanned migration process can lead to data duplication, inaccurate revenue reporting, and business downtime – all affecting the incredible subscriber experience you want to deliver to your customers. You’ll reach the finish line only when you nail the implementation, migration, and onboarding.

Best Practices 52

Best Practices Duplicate Process 52

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 12, 2024

Purchase order management is the process of managing the creation, approval, tracking, and fulfilment of purchase orders in your business. Review: Once a purchase order is issued, consideration needs to be given to how the process is reviewed and approved. This is where Approval processes and hierarchies are usually defined.

Best Practices 52

Best Practices Automation Small Business Process 52

Nanonets

OCTOBER 1, 2024

"Let's just ensure that going forward, all the invoices are forwarded to Mr. X for validation before processing." Studies show that 25% of invoice errors slip through accounts payable processes undetected despite internal correction efforts. Documents essential to the validation process: 1.

Best Practices 40

Best Practices Automation Multi-Currency Duplicate 40

Clearly Payments

AUGUST 6, 2024

This lower win rate can be attributed to AMEX’s stringent review process and its role as both the issuer and network. Reason Codes The most common chargeback reason codes for AMEX chargebacks include: Authorization Issues: Accounting for 23% of AMEX chargebacks, these occur when transactions are processed without proper authorization.

Disputes 105

Disputes Visa Issuers Duplicate 105

Fi911

MAY 22, 2024

A payment reversal is the process through which funds from a transaction are returned to the payer’s account. This process can be triggered for various reasons, such as a disputed charge, an error in the transaction, or fraud detection. What is a Payment Reversal? In the next sections, we’ll outline how each of these work.

Payer 104

Payer Address Verification System (AVS) Disputes Payee 104

The Payments Association

MARCH 25, 2025

Without clear answers, duplicated work can lead to mistakes, disputes, and unnecessary delays. Compliance, security, fraud and risks, product, finance, and operations teams all need access to certain information from schemes but updates often get lost in complex distribution processes or fail to reach the right teams on time.

Compliance 88

Compliance Payment Networks Issuers Best Practices 88

Nanonets

NOVEMBER 16, 2023

The possibility of errors surrounding payments requires several accounts payable controls to be implemented throughout the accounts payable process.  We’ll examine the different types of AP controls, accounts payable internal controls best practices, and how to manage AP controls in today’s digital landscape.

Accounts 52

Accounts Best Practices Duplicate Checks 52

EBizCharge

MAY 20, 2024

NetSuite is a comprehensive cloud-based Enterprise Resource Planning (ERP) platform designed to aid businesses in managing key operational processes. These tools allow merchants to streamline accounts receivable (AR) processes, making payment collections a breeze. What kinds of tools and features does NetSuite offer?

Process 52

Process PCI DSS Processors Payment APIs and Integration 52

Nanonets

MARCH 4, 2024

Expense reimbursement is a fundamental aspect of business operations, encompassing the process by which employees are paid back for expenses they've incurred on behalf of the company. However, managing this process is fraught with challenges. Duplicate Claims Employees submitting the same expense for reimbursement more than once.

Process 52

Process Compliance Automation Audit 52

Nanonets

DECEMBER 11, 2023

Your accounts payable team – whose main function is to ensure funds are disbursed properly to vendors, business partners, and sometimes customers – processes an exorbitant number of invoices every single week. When done manually, processing an invoice can take days.   Top 10 Invoice Processing Solutions in 2024 1.

Process 52

Process Payment APIs and Integration Automation Multi-Currency 52

PYMNTS

JUNE 20, 2019

According to PYMNTS data, more than 60 percent of digital platforms say too many false positives are a significant point of friction in the conversion process — and more than 30 percent say it’s their number-one challenge. Suppliers can also submit duplicate invoices, or issue the same invoice with different billing amounts.

B2B 73

B2B Fraud Detection Third Party Vendors Payments 73

Nanonets

JUNE 21, 2023

Manual payment reconciliation processes can be time-consuming, error-prone, and inefficient. This article will provide a comprehensive guide to reconciling payments, its importance, challenges faced, best practices, and the role of automation in enhancing the process. What is payment reconciliation?

Payment Reconciliation 52

Payment Reconciliation Reconciliation Best Practices Automation 52

Fintech Finance

MAY 21, 2024

Deloitte and Basware have announced an alliance to enhance touchless invoice processing for global customers. The new legislation will replace paper processes and reporting as the EU and other regions trend towards a harmonized approach and centralized government databases to compare reported data.

Automation 52

Automation Duplicate Best Practices Consulting 52

Nanonets

SEPTEMBER 22, 2023

Using accounting software can automate the accounts payable process and generate reports automatically. Implementing best practices, such as prioritizing invoices and establishing internal controls, can improve the accounts payable process. Check for duplicate payments to minimize errors and unnecessary costs.

Accounts 40

Accounts Master Account Best Practices Reconciliation 40

Nanonets

MAY 7, 2024

Expense reconciliation is the process through which businesses track expenditures, identify anomalies, adhere to regulatory requirements, and maintain financial accuracy and integrity. This process is essential for maintaining financial accuracy, compliance with regulations, and preventing fraud or errors.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

FloQast

OCTOBER 27, 2023

Compliance officers may need to limit their advisory role to the initial stages, step aside to let the business conduct the process, and provide oversight and review at the tail end. Increasing speed of business processes : Technology and automation make business processes faster than ever. It’s like grading their own homework.

Compliance 52

Compliance Best Practices Mitigation Procedures 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 ? Learn to craft an effective expense policy & process to guide employee spending. Read about how to create expense reports in Excel and how to automate the expense reporting process.

Automation 52

Automation Process IRS Compliance 52

Nanonets

MAY 20, 2024

Automating data workflows isn't a new concept, but recent advancements in intelligent automation solutions have made it possible to streamline even the most complex processes. In this guide, we'll explore best practices, real-world examples, and powerful tools to help you automate your data workflows and get more out of your data.

Automation 59

Automation Payment APIs and Integration CRM Duplicate 59

Nanonets

MARCH 30, 2023

Did you know that it takes small-to-midsized companies up to 25 days to complete the processing of a single invoice? By automating the payment process, businesses and individuals can save time and minimize the risk of errors. The drawbacks associated with manual payment processes have led to the need for payment automation.

Automation 52

Automation Transactions Wire Transfer ACH 52

Nanonets

APRIL 12, 2023

In this blog post, we will explore what SaaS spend management is, why it is essential, and share best practices to optimize your organization's SaaS spends. Establish clear policies and approval processes Develop and enforce policies that outline the criteria for selecting and approving new SaaS tools.

Best Practices 52

Best Practices Automation Compliance Process 52

Nanonets

MARCH 22, 2023

Growing businesses have to maintain relationships with many suppliers and vendors, and this usually ends up making the Accounts Payable process complicated. Vendors with different invoicing standards/procedures tend to make accounts payable processes quite cumbersome. Looking to automate your manual AP Processes?

Accounts 52

Accounts Duplicate Automation Process 52

Core

DECEMBER 11, 2023

While security and compliance aren’t new topics for government agencies and departments, understanding how to implement better processes and integrate AI into those practices is a top concern. If there are disparate systems and there’s not much duplicate work, then that can be a good answer for some businesses,” said Justin.

Government 52

Government Governance Security Technology 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.

Accounts 40

Accounts Best Practices Automation Reconciliation 40

Clearly Payments

JUNE 21, 2024

Winning chargeback disputes is important for merchants because chargebacks take time to deal with and lead to financial losses and increased processing fees. Here’s a guide to help merchants navigate and win chargeback disputes in credit card processing. What is a Chargeback? has its own set of codes.

Disputes 52

Disputes Address Verification System (AVS) Credit Cards Best Practices 52

EBizCharge

OCTOBER 17, 2023

Every day, billions of dollars in transactions are processed around the world. This article will explore the processes involved in ACH payments, explaining how to distinguish returns vs. reversals and answering common questions such as what is an ACH return and can you reverse an ACH payment? What is an ACH return?

ACH 52

ACH Returns RDFI ODFI 52

Nanonets

DECEMBER 25, 2023

A Guide to Stripe QuickBooks Integration The integration of payment processing and accounting systems is not just a convenience but a necessity for efficiency and accuracy in financial processes. Two of the most powerful tools in these realms are Stripe for payment processing and QuickBooks for accounting and financial management. 

Finance 52

Finance Payment APIs and Integration Best Practices Automation 52

FICO

SEPTEMBER 6, 2021

Adam: This diagram captures a standard process flow for credit originations. Doug: How are processes handled in most organizations today? Adam: Complex processes like credit originations, fraud detection, KYC and AML are traditionally managed by different teams. But all of these processes share many of the same components.

Financial Crimes 52

Financial Crimes Online and Mobile Banking Wire Wires 52

EBizCharge

MAY 14, 2024

Automated billing is a process that enables businesses to handle their invoicing and payment collection with minimal manual intervention. Invoice distribution: Invoices can then be issued to customers through online portals, email, or other preferred delivery methods without any manual process. What is automated billing?

Automation 52

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

Nanonets

JUNE 25, 2024

This guide will walk you through the process of invoice coding, how to automate it, and the best practices. Invoice coding is the process of assigning specific identifiers to each line item on an invoice. This process, while thorough, is time-consuming and prone to errors. You're in the right place.

Automation 52

Automation Payment APIs and Integration Rules Process 52

Nanonets

JULY 24, 2023

This essential practice involves comparing transactions and other financial activities with supporting documentation and resolving any discrepancies that may arise.     Financial reconciliation is a recurring process that encompasses various sources of financial information within a business. What is finance reconciliation?

Reconciliation 52

Reconciliation Finance Duplicate Accounts 52

Nanonets

MAY 6, 2024

    General Ledger Reconciliation is the process of comparing and aligning the entries in the general ledger with the corresponding transactions documented in these external sources.   These documents provide supplementary details and serve as external sources of validation for the transactions recorded in the general ledger. 

Reconciliation 52

Reconciliation Payroll Automation Transactions 52