article thumbnail

Nexus Empowers APAC Financial Institutions to Achieve G20 Cross-Border Payment Targets

Fintech News

Banks also save on integration costs, with fewer systems to manage and maintain. And when more participants are on the network, infrastructure and operational costs are shared, which helps keep running costs manageable. Ricky Lim : The most immediate use cases are person-to-person transfers and SME payments.

article thumbnail

Top 9 Amazon Textract alternatives for data extraction

Nanonets

9 Laserfiche Enterprise content management 4.7/5 5 No Custom pricing 46.3 (*Refer to scoring methodology at the bottom) Now, let's examine each alternative in detail to understand their specific strengths, limitations, and ideal use cases. Parameter Google Cloud Document AI Amazon Textract Ease of Use 8.7

Volume 52
article thumbnail

B2B APIs Make More Connections

PYMNTS

Banks and FIs are getting more comfortable with real-time environments as detailed in several use cases from the B2B API Tracker, like Sage Intacct’s experiments in API-driven accounting, cost management and automation. FIs, SMBs, Fintechs Eying Each Other.

API 59
article thumbnail

Top 10 OCR for Invoices in 2024

Nanonets

Some prominent use cases for OCR for invoices include: Retail : Retailers deal with a high volume of invoices from suppliers for products, services, and operational expenses. OCR helps automate the processing of these invoices, ensuring accurate recording of inventory costs, vendor payments, and expense management.

article thumbnail

Everything You Need to Know about Procurement for Businesses: A Practical Guide for CFOs and Finance Leaders

Nanonets

Procurement is a pivotal function for any business upon which the pillars of efficiency, cost management, and strategic sourcing rest. APQC You can browse the internet for more industry and use case specific benchmarks. Here is a comprehensive list of metrics that you can consider tracking, based on your objectives.

Finance 52
article thumbnail

Accounting Software Sage Intacct Rolls Out In UK

PYMNTS

Its open application programming interface (API) structure can help companies “maximize their financial impact” with third-party software providers and services, the company said, and it also includes cost management. . The release noted that Sage Intacct scored highest — 4.63

article thumbnail

Unlocking the power of AI with Mitto’s mobile intelligence technology

The Payments Association

Use cases for AI-driven mobile intelligence Banking & Finance: Prevent fraud and ensure secure communications with real-time validation and SIM swap detection. Why AI Matters in Mobile Intelligence The use of AI in mobile intelligence is not just a technological advancementits a necessity in an increasingly digital world.

AI 88