Stax

SEPTEMBER 17, 2024

And on that note, two of the most common modes of electronic funds transfer are ACH and wire transfers. In this post, we’re going to review ACH and wire transfers, look at their similarities, and then see how they compare against each other. What is a Wire Transfer?

Wire Transfer

Nanonets

APRIL 7, 2023

The demise of SVB serves as a stark reminder of the importance of due diligence and risk management when it comes to securing the financial position of startups. What did most startups do in this situation? To mitigate these risks, many companies resorted to opening multiple bank accounts and distributing their funds across them.

Treasury Management

Nanonets

NOVEMBER 16, 2023

They should align with the goods or services received and must not be duplicates of invoices that were already processed.   Duplicate Invoice or Payment Audit The final is to verify that the payment hasn’t already been sent to a vendor for the line items on the invoice. Matching should be done before authorizing payment. 

Accounts

Nanonets

NOVEMBER 16, 2023

Although referred to as supplier payments or vendor payments, the complete vendor payments process is much more than simply sending a check in the mail or submitting a wire transfer through your business bank account. Is there an easier way to write and send the checks or wire transfers?

Process