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Payment Automation: The Future of Business Transactions

Nanonets

In a world where time is money, businesses and customers alike seek hassle-free payment methods that save time and increase efficiency. Enter payment automation - a solution that has gained popularity in recent times due to the pandemic and the new competitive landscape. What is Payment Automation?

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Guide to Virtual Bookkeeping and Automation

Nanonets

These professionals play a crucial role in ensuring the accuracy and integrity of a company's financial records. Their responsibilities often include: Data Entry: Traditional bookkeepers manually record financial transactions, including sales, purchases, receipts, and payments, into ledgers or accounting software.

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Automating Invoice Processing with OCR and Deep Learning

Nanonets

For a long time, we have relied on paper invoices to process payments and maintain accounts. Information Extraction - once the Process of OCR is complete it’s important to identify which piece of text corresponds to which extracted field. This number is most of the time going to increase due to the duplication of invoices.

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Merchant-facing regulation: What merchants need to know in 2025

The Payments Association

Merchant-facing regulation: What merchants need to know in 2025 15 May 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The regulatory framework governing payments continues to expand in scope, with increasing implications for merchants operating in the UK and EU. Why is it important? for credit.

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B2B payment automation guide: How to implement and maximize the benefits

Nanonets

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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What is two-way matching and how does it work?

Nanonets

All invoices received by a company for products or services that have been purchased from a vendor must be checked for accuracy before payment is initiated. It has all details of the vendor, customer, product/service being delivered, pricing and payment mode. In case of unsuccessful match, the invoice processing and payment is paused.

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Paperless accounts payable: An implementation guide

Nanonets

Consider this:  Levvel Research  found that 50% of businesses grapple with late payments and missed discounts due to protracted approval cycles. These figures underline the need for a more efficient, streamlined way to handle  invoices ,  purchase orders , and  payments.   Get started for free.