Nanonets

JUNE 7, 2023

Assigning a GL code to an invoice is sometimes subjective - for example, while regular sales invoices might always be assigned to “Sales” in your chart of accounts, sometimes the exact same invoice format ends up being used for contractors and non-employees. How can AI help here, in a practical way?

AI 52

AI Accounts Duplicate Automation 52

The Payments Association

MAY 16, 2025

Non-compliance could lead to regulatory enforcement by national authorities, as well as reputational harm and potential exclusion from EU markets. This standard introduces structured, enriched data formats for payment messagesimproving interoperability, fraud detection, and reconciliation.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

Nanonets

APRIL 24, 2023

PDF → Excel Convert PDF bank statements to Excel  Try for Free A bank extract is data extracted from bank statements or other financial documents. While bank extracts were obtained manually in the past, most companies are resorting to software to automate this tedious process.

Assessments 52

Assessments Fraud Detection Automation Risk Assessment 52

Nanonets

SEPTEMBER 1, 2023

Typical bottlenecks that are reported by AP teams are activities like: Invoice coding General Ledger (GL) mapping Payment Details Verification (to check for fraud) Duplicate Detection There is a very clear underlying theme here - manual data entry and verification are what causes these tasks to be tedious and time-consuming.

Automation 52

Automation AI Accounts Duplicate 52

Nanonets

JUNE 7, 2023

Tyical bottlenecks that are reported by AP teams are activities like: Invoice coding General Ledger (GL) mapping Payment Details Verification (to check for fraud) Duplicate Detection There is a very clear underlying theme here - manual data entry and verification is what causes these tasks to be tedious and time-consuming.

Automation 52

Automation AI Accounts Duplicate 52

EBizCharge

MAY 20, 2024

When a customer initiates a credit card transaction, the gateway securely transmits the payment information from the point-of-sale (POS) terminal to the relevant parties, such as payment processors and banks, for authentication and approval. These solutions can be categorized as certified and non-certified solutions.

Process 52

Process PCI DSS Processors Payment APIs and Integration 52

Nanonets

FEBRUARY 13, 2024

Here’s the breakdown: Guidelines on Reimbursable vs. Non-reimbursable Expenses : It clearly outlines what expenses are on the company’s dime and what’s not. Real-time alerts and analytics can help identify non-compliance or areas needing improvement. This might seem elementary, but ambiguity leads to confusion.

Compliance 52

Compliance Non-Bank Automation Duplicate 52

Nanonets

APRIL 2, 2024

Importance of bank reconciliation in internal control In the world of finance and accounting, accuracy is key. Bank reconciliation is a fundamental process that ensures the alignment of internal records with external bank statements. What Is a Bank Reconciliation?

Reconciliation 52

Reconciliation Adjustments Automation Regulatory Compliance 52

Nanonets

MARCH 4, 2024

Fraudulent Claims Intentional Misreporting Submission of non-business-related expenses as business expenses. Duplicate Claims Employees submitting the same expense for reimbursement more than once. Non-compliance with IRS or International Guidelines Misclassification of expenses can lead to tax compliance issues.

Process 52

Process Compliance Audit Automation 52

FICO

JANUARY 9, 2019

How are analytics helping banks accelerate their digital transformation, while keeping the customers at the center of their strategies? Currently, though, only about 20% of financial institutions are delivering more than basic personalization [Digital Banking Report/Everage]; clearly, there is still a significant gap to fill.

Posting 40

Posting AI Fraud Detection Non-Bank 40

Nanonets

JULY 14, 2024

Easy invoice tracking features Secure platform Pros: Good customer service Easy integrations Cons: The workflow automation features are very basic Not very user-friendly for nonfinancial professionals Bank reconciliation is difficult Editing line items is difficult.

Automation 52

Automation Process Multi-Currency Online and Mobile Banking 52

Nanonets

MARCH 20, 2023

Features : Easy-to-use dashboard for invoices, receipts, approvals and payments 1-click approvals on mobile, email and Slack ACH, credit card, wire and multi-currency payments available AI-enabled security features - duplication detection, fraud prevention, payment tracking Fully customizable approval policies Unlimited invoice storage in the cloud (..)

Accounts 52

Accounts Payment APIs and Integration Multi-Currency Automation 52

Nanonets

JUNE 29, 2023

Complex approval workflows, duplicate alerts and fraud detection Payment and reconciliation that works like magic. I Two-factor authentication for bank account changes via the vendor portal further fortifies protection against scams. Fraud detection and duplicate payment alerts. Sources: [link] 6.

Payment APIs and Integration 52

Payment APIs and Integration Online and Mobile Banking Automation Push-to-Card 52

Nanonets

JANUARY 17, 2024

InnovateX noted a cultural shift with employees became more mindful of their spending, leading to a reduction in non-essential expenses, like excessive business lunches. Key Elements of an Effective Policy Every effective expense policy should have certain non-negotiable elements: Clear Definitions : What constitutes an 'expense'?

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

Nanonets

DECEMBER 11, 2023

Using AI, every transaction is kept secure through duplication detection, fraud prevention, and payment tracking features. Key Features Embedded fraud detection capabilities, advanced vendor management, and compliance features are a few user favorites. Pros Melio can be used for free to send payments to vendors.

Process 52

Process Payment APIs and Integration Automation Multi-Currency 52

Fintech Review

FEBRUARY 25, 2025

These include letters of credit, bank guarantees, supply chain finance, and export credit facilities. The core function of trade finance is to mitigate risks such as non-payment or non-delivery while ensuring smooth cash flow management for businesses involved in cross-border transactions.

Finance 85

Finance Technology Distributed Ledger Technology (DLT) Fraud Detection 85

Nanonets

NOVEMBER 5, 2024

DocuClipper is an OCR-powered financial document processing tool that converts bank statements, credit card statements, invoices, receipts, and brokerage statements into Excel, CSV, or accounting software-ready formats. Converts bank statements from PDF to QBO, QFX, OFX, and CSV formats 2. Key features: 1.

Process 52

Process Fraud Detection Online and Mobile Banking Rules 52

EBizCharge

MARCH 21, 2025

Accounting practices include preparing financial statements, reconciling bank statements, and managing accounts receivable (AR) and payable (AP). This includes data entry, invoice processing, bank reconciliations, and payroll management, which can be completed seamlessly with AI-driven software.

AI 52

AI Accounts Fraud Detection Audit 52