Fintech Finance

MAY 21, 2024

Deloitte and Basware have announced an alliance to enhance touchless invoice processing for global customers. E-invoicing is increasingly taking priority within CFO departments alongside e-reporting requirements from local governments or tax authorities.

Automation 52

Automation Duplicate Best Practices Finance 52

PYMNTS

MARCH 17, 2017

Addressing Challenges for Highly Subjective and Complex Accounting Areas concluded that an effective accounting policy is also critical and guides all other processes. The collaboration is also holding workshops to promote collaboration among the business community and explore best practices for corporate data security.

Best Practices 40

Best Practices Cybersecurity Audit Accounts 40

FloQast

OCTOBER 27, 2023

Changing nature of business : Because of the changing nature of business and the business environment, compliance officers deal with more complex supply and distribution channels, increasing sophistication of fraud, and a complex labyrinth of laws and reporting requirements. It’s like grading their own homework. Here’s the thing.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

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

The Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. This due diligence process should be continuous, not just at the onboarding stage, to identify any emerging risks or changes in the third party’s risk profile.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Basis Theory

OCTOBER 1, 2024

Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. Nearly 20 years later, with more than 300 requirements and sub-requirements, PCI DSS continues evolving. This could take as little as a few hours each year.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Nanonets

DECEMBER 29, 2023

For example, accounts payable department employees need to visually determine that invoices are correct through manual verification processes and obtain approvals.  For this email capture process, you will forward bills received from any supplier to your Xero bills email address. 

Automation 59

Automation Accounts Checks AI 59

Nanonets

SEPTEMBER 21, 2023

To overcome this problem, businesses should prioritize data accuracy and implement robust ERP solutions that automate data entry and reconciliation processes. By utilizing advanced  software , businesses can minimize material errors, ensuring accurate financial reporting.

Accounts 52

Accounts Audit Payroll Compliance 52

FICO

OCTOBER 26, 2017

Now, with CRS** (Common Reporting Standard), some financial institutions are starting to think they need two systems. This process was completed in February 2014 with an agreement on a common reporting format between IRS and OECD (Organization for Economic Co-operation and Development), FATCA reporting Form 8966.

Compliance 53

Compliance IRS Agreements Audit 53

FloQast

MARCH 21, 2024

Regulatory changes to legislation, auditing standards, and financial reporting requirements According to KMPG’s 2023 SOX Report , respondents spend an average of $1.6 Number of locations worldwide External factors (inflation, cost of labor, currency fluctuation, etc.) However, there is a silver lining.

Compliance 52

Compliance Audit Automation Risk Assessment 52

PYMNTS

SEPTEMBER 25, 2019

“Compliance is not just about recognizing key regulatory pressures [on] digital marketplace lenders,” she told PYMNTS in a recent interview, “but also proactively ensuring a company is improving its processes and streamlining operations.”.

Compliance 47

Compliance P2P Risk Management Regulatory Compliance 47

EBizCharge

AUGUST 21, 2024

It can also help maintain consistency in recording project data, which is vital for comparing projects and identifying best practices over time. Its payment processing software ensures that project managers can track project expenses, manage project budgets, and effectively oversee the financial health of individual projects.

Accounts 52

Accounts Assessments Best Practices Fraud Prevention 52

Nanonets

FEBRUARY 9, 2024

ICFR runs the gamut of control systems and processes a company takes to ensure the validity of its financial statements and stay out of hot water with regulators, investors, and stakeholders. Remember that internal controls are procedures and processes management emplace to ensure accounting integrity and financial transparency.

Audit 52

Audit Risk Assessment Assessments Procedures 52

Nanonets

JANUARY 17, 2024

Expense management , at its core, is the methodical process by which a business tracks, verifies, and processes every financial expense incurred in its operations. They’re using manual processes, and their expense tracking is, frankly, a mess. This encompasses the crucial tasks of recording expenditures.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

FloQast

DECEMBER 18, 2024

The month-end close is the process by which companies verify, adjust, and finalize their financial figures for that month – essentially closing the books before the start of the next accounting period. Help your company take its first steps towards a streamlined, automated close with our guide.

Close Processes 98

Close Processes Process Accounts Adjustments 98

Finovate

MARCH 31, 2025

As a whole, companies are under immense pressure to monitor their vendors, suppliers, and other third parties more effectively across financial, cyber, ESG, geopolitical, and operational risk domains without adding significant costs or delays to their business processes. What are your near-term goals for Supply Wisdom?

Risk 94

Risk Risk Management Assessments Compliance 94