Fintech News

FEBRUARY 15, 2024

Meanwhile, blockchain’s role as a distributed database and universal computing power will become increasingly integral in various sectors, including AI, physical infrastructure, and network nodes. Toast has reported a 50% attach rate on some of these products, underscoring the effectiveness of the bundling strategy.

Innovation

The Finance Weekly

DECEMBER 20, 2023

Payroll Planning Compensation planning becomes complicated with different employment statuses, increasing the risk of exposing sensitive data. Key Features: Collects financial information from various places, like spreadsheets, ERP systems, and HRIS databases, and puts it all in one central location. Self-service planning.

Automation

The Finance Weekly

DECEMBER 20, 2023

Payroll Planning Compensation planning becomes complicated with different employment statuses, increasing the risk of exposing sensitive data. Key Features: Collects financial information from various places, like spreadsheets, ERP systems, and HRIS databases, and puts it all in one central location. Self-service planning.

Automation

The Finance Weekly

MARCH 13, 2022

DataRails allows teams to enjoy the flexibility and power of Excel, but with the benefit of a cloud-based centralized database allowing real-time consolidation of disparate financial and operational data from across a company. The round brings total venture funding to $103.5M

Automation

PYMNTS

SEPTEMBER 23, 2019

Various agencies in the country are sharing information like copyright violations and payroll figures so a comprehensive database can be created. As China increasingly becomes a market economy, the government is becoming more concerned about improper conduct in the marketplace.

Blocks

The Finance Weekly

APRIL 24, 2022

Database, HR, and Payroll Integrations- Microsoft SQL, , Xero , , Homebase , , MySQL , and , Snowflake are just a few important integrations for FP&A teams to increase efficiency. Shopify and , Square are a few examples of easily integrated Ecommerce systems that can provide incredible insights to an FP&A team.

Automation

PYMNTS

JANUARY 21, 2019

For instance, and more specific to companies like WEX and their operations, the concept of payroll is changing. The whole benefits back end, in fact, is moving closer together as technology improves, as various databases and platforms are linked, and as companies offering such services make acquisitions and scale.

Innovation

PYMNTS

DECEMBER 12, 2018

It’s also about providing payroll services for employees. He said that Green Check offers a proprietary Compliance Rules Engine (CRE) that runs each transaction through a database of rules drawn from the existing federal guidance and state statutes and regulations that govern their cannabis programs. without resorting to cash.

Fincen

Nanonets

NOVEMBER 30, 2023

Integration with Payroll and HR Systems : Ensuring accurate leave data flows into payroll and HR systems for compliance and efficient resource management. Integration with Other HR Processes : Leave management needs to be seamlessly integrated with other HR processes like payroll and performance management for smooth operations.

Payroll

Nanonets

DECEMBER 6, 2023

HR automation encompasses a wide range of activities within the HR domain, including recruitment and onboarding , W-2 form automation , employee data management, benefits administration, performance management, training and development, time and attendance tracking, payroll processing, compliance management, and offboarding processes.

Automation

PYMNTS

FEBRUARY 10, 2017

Payment through the firm’s eponymous mobile app allows for speedier payments and an easier time of reconciliation at the back end as payroll functions are streamlined across a central platform. The other feature, titled Off-Platform Payments, can enable workers to be paid in their local currencies.

Database

Finovate

MAY 16, 2024

The suite also is backed by consortium data from the Socure Risk Insights Network , which draws from nearly 2,400 customers from the country’s largest banks, fintechs, payment platforms, and payroll providers. “We can’t think of a better partner and are excited to introduce Socure to Defend clients.”

Authorization

Nanonets

APRIL 10, 2024

Sage 100 ERP (for enterprise resource planning) is a unified accounting system with modules for business process functionality throughout a company that combines into a single database. Sage 100 is used by companies of all sizes, although it targets companies with 10 to 199 employees. 

VARS

PYMNTS

OCTOBER 5, 2016

Data is verified against the IRS database, it said. The feature can enable employers to require their 1099 workers to complete necessary tax forms before payout or can trigger a form requirement once a payout threshold is reached for employees, the company explained.

On-Demand

Nanonets

JUNE 19, 2023

HR automation encompasses a wide range of activities within the HR domain, including recruitment and onboarding , employee data management, benefits administration, performance management, training and development, time and attendance tracking, payroll processing, compliance management, and offboarding processes.

Automation

PYMNTS

SEPTEMBER 18, 2020

This week saw cloud-storage software maker Snowflake’s initial public offering (IPO) pop an unprecedented 111 percent , Swedish-based alt-credit provider Klarna’s valuation hit $10 billion and instant disbursements make their next great leap forward as Square rolled out instant payroll services.

Instant Payments

Nanonets

SEPTEMBER 27, 2024

Uploaded IDs undergo an authenticity check and data extraction, which is cross-verified against an external database for verification. High Operational Costs : Moreover, scaling manual processes can lead to high payroll costs within insurers. ✅ One-click Authentication against external databases: 1.

Process

PYMNTS

APRIL 23, 2020

Wielding its database of SMB information, the portal eases identification and underwriting for PPP lenders to accelerating funding. SMB credit analytics firm Paynet announced the launch of PayNet P3 Data Pack , a platform that helps lenders streamline PPP loans to SMBs by automating the borrower verification process. Citizens Bank Of Edmond.

FinTech

Nanonets

AUGUST 26, 2024

  Once trained, the model’s performance is tested using a testing dataset, which is a smaller subset of the document database.  Much like Accounting operations, Human Resources deals with a plethora of documents starting from resumes and CVs, to payrolls and payslips. 

Rules

PYMNTS

MARCH 23, 2017

Across its Finance Plus suite of applications, Zoho shares a common database. On top of the intrinsic integration this provides users, Zoho can leverage this database to quickly create new applications.

Database

PYMNTS

AUGUST 30, 2016

Store managers and associates are now able to take advantage of information that was once locked away in databases or tethered to a desktop PC. “A mobile app program is a huge opportunity for retailers to revolutionize how their employees work,” according to Hugh Owen, senior vice president of product marketing at MicroStrategy.

Product

PYMNTS

MARCH 30, 2018

A $5 million Series A funding round from Silverton Partners and March Capital Partners will help the company focus on product development, conduct broader security research and expand its asset database and team. SpyCloud identifies exposed employee and customer accounts to safeguard them before any malicious activity can occur.

B2B

PYMNTS

NOVEMBER 29, 2017

And, as an added safeguard against hacking, the FI avoids housing its information in a central database, instead making each user’s account separate and responsible for its own information. The company will avoid compiling a centralized database for its AI to analyze, though, as such storage could prove a tempting target for hackers.

Debit Card

Nanonets

FEBRUARY 27, 2024

Here are some use cases for QuickBooks accounting software: Invoicing Payroll Expense tracking Financial reporting Budgeting Inventory Management Quickbooks Receipt Scanning One of the most widely employed use cases of Quickbooks accounting software is receipt and expense management. All such receipts are processed in real time.

Automation

The Finance Weekly

APRIL 13, 2024

Key Features Regularly updated tax tables and regulation database. These tools offer capabilities ranging from spending tracking and improved budgeting to making informed investment choices. Transactions are easy to enter and categorize. Automated expense tracking and bill payments. Useful budgeting tool.

Finance

PYMNTS

AUGUST 17, 2018

A bit closer to home, in the wake of a data breach in Adams County, Wisconsin – one that affected 250,000 people – several employees allegedly tied to that breach are still on the county payroll. 1 of 2013 and the end of March 2018.

B2B

Nanonets

JANUARY 7, 2024

It is necessary for them to build a database of resumes. The resume parser software analyzes resumes, extracts the required information, and allows the information to go into a database with a unique entry for each resume. In a year, a company may be receiving thousands of resumes from aspiring candidates.

Rules

Nanonets

NOVEMBER 14, 2023

This involves scanning or document imaging, wherein essential data is collected, categorized, processed, and placed into databases. Data Extraction : Metadata within the document is identified and extracted automatically, contributing to a more detailed and organized database. invoices, orders, receipts).

Automation

EBizCharge

JULY 29, 2024

Here’s a step-by-step explanation: Centralized database: All business data is stored in a centralized database, ensuring all departments can access the same information in real time. Data entry: Information is entered into the system through the user interface or automated data feeds, updating the centralized database.

Product

Nanonets

JUNE 21, 2023

ABC Corporation has many bank accounts for different purposes, such as payroll, vendor payments, and general expenses. Let's say the bank statement for the payroll account shows a beginning balance of $50,000, while the general ledger indicates a beginning balance of $48,000.

Reconciliation

Nanonets

OCTOBER 9, 2023

Candidate Screening : Systems: ATS, Resume databases. By synchronizing the ATS with other HR software, such as payroll and employee management systems, the entire employee lifecycle can be streamlined, from recruitment to onboarding and beyond. Steps: Define role, search candidates, review, and outreach.

Process

Nanonets

MARCH 28, 2023

When recruiters receive resumes from job applicants, they often have to manually enter the information into a database or applicant tracking system (ATS) so that it can be searched and analyzed later. This process can be time-consuming and error-prone, especially when dealing with a large number of resumes.

Automation

Nanonets

AUGUST 22, 2023

Integration: Excel automation facilitates integration with other software, databases, and systems, ensuring data flows seamlessly. Data Import and Export: Automate the import of data from external sources, such as databases or text files, using Power Query.

Automation

Nanonets

MARCH 20, 2023

AI-enabled accounts payable software like Nanonets can extract accounts payable data from various sources and convert them into structured digital information that can be further processed or fed into ERPs or databases. and databases (MySQL, PostGres, MSSQL, etc.) There is no standard structure or function to accounts payable software.

Accounts

Stax

SEPTEMBER 19, 2024

Increased visibility and control Before the emergence of automated Q2C tools, reporting was done manually within each department, which created siloed databases and made it tedious and sometimes completelyimpossible for management to track and analyze business performance data.

Process

Nanonets

FEBRUARY 13, 2024

Personnel Costs : Salaries, wages, benefits, and payroll taxes fall into this category. Platforms like Nanonets, QuickBooks, Xero, or FreshBooks can automate the tracking of expenses, invoicing, and payroll, significantly reducing the potential for human error and saving time.

IRS

Nanonets

SEPTEMBER 18, 2024

Apart from patient data, there's payroll management for medical and non-medical staff, infrastructure-related documents, and other financial transactions. Document automation helps healthcare institutions store accurate patient records, process claims more quickly and accurately, and enable faster patient onboarding and transitions.

Automation