Trade Credit & Liquidity Management

MAY 8, 2025

Duplicate entries: Different users create slightly different customer records. Missing firmographic data: Without standardized legal names, D-U-N-S numbers, industry codes, or parent/child relationships, it’s hard to manage credit exposure or report by customer segment. Collections slow down.

Finance 72

Finance Duplicate CRM Audit 72

PYMNTS

JUNE 7, 2018

But for multinational firms with troves of supplier data, managing the information and ensuring its accuracy is a growing headache – especially as more businesses find that their vendor data is filled with duplicates, errors and even business partners that are exposing firms to legal risks. ”

Duplicate 57

Duplicate Legal Mitigation Risk Mitigation 57

Neopay

FEBRUARY 27, 2025

These amendments aim at simplifying the ICT risk management framework and providing legal clarity to the market. To avoid duplication of requirements and to provide legal clarity to the market, the EBA has amended its Guidelines on ICT and security risk management.

Risk Management 52

Risk Management Risk Security Legal Framework 52

PYMNTS

DECEMBER 18, 2020

We’ve seen manufacturer coupons that are easily duplicated or there is no limit, so customers can use the same coupon over and over again,” Rauch said. Promotion uses can be traced to individual buyers, letting Walgreens legally ascertain who is using which offers. Fighting In-Person And Online Promotion Fraud.

Duplicate 110

Duplicate Scams Consumer Legal 110

PYMNTS

MARCH 22, 2020

The numbers, according to the documents, often included fake or duplicate accounts, thereby inflating the actual effect the ads would have. According to Facebook’s own numbers, duplicate accounts represented around 11 percent of the 2.5 billion active users per month at the end of last year.

Duplicate 56

Duplicate Bots Accounts Scams 56

EBizCharge

MAY 22, 2025

Regulatory compliance: Invoicing and billing compliance means adhering to legal and financial regulations. Failure to comply can result in fines or legal issues. Payment integrations can provide seamless data flow between systems, eliminating the need for duplicate data entry and significantly reducing the risk of manual errors.

Process 52

Process Best Practices Reconciliation Automation 52

PYMNTS

JANUARY 18, 2019

We continue to advise customers they shouldn’t submit second payments to avoid duplicates. While these fees might be legal, they are not within the spirit of the FCA’s recommendations. Later in the afternoon, the bank tweeted again: “Faster payments are now being processed, but there may be a delay in processing some payments.

Faster Payments 55

Faster Payments Duplicate Payments ATM 55

Nanonets

NOVEMBER 30, 2023

They go further than offering legal protections in the event of a deal going south; they also are referred to and relied on for organizational purposes. When purchasing teams can track outstanding POs, they can help their organization avoid duplicate purchases or chase down late orders. What is a PO? Now you Know!

Legal 52

Legal Duplicate Automation Agreements 52

EBizCharge

OCTOBER 17, 2023

Mismatched legal name: It’s important for the legal name of the sending and receiving parties to be listed accurately and consistent with the records of the financial institution that’s processing the transaction. This can be due to duplicate payments, incorrect amounts or recipients, payment date errors, technical errors, etc.

ACH 52

ACH Returns RDFI ODFI 52

Nanonets

JANUARY 25, 2024

Moreover, inaccuracies in the financial statement can lead to issues in financial planning, tax compliance, and legal matters.  Identifying error & fraud-check - Setup flags to identify any irregular transactions, duplicates, or unauthorized transactions.

Reconciliation 52

Reconciliation Adjustments Checks Automation 52

PYMNTS

JANUARY 28, 2020

The former uses only the legal terms and conditions to achieve maximum savings, while the latter falsifies coupon information or obtains coupons illicitly. A recent study found that in 2019, coupon fraud rose by 12 percent year over year — indicating that it is still very much a problem, despite shifts to digital discounts.

Duplicate 56

Duplicate Database Mitigation Adjustments 56

PYMNTS

JUNE 16, 2020

The company took legal action against these farms, which pay individuals in cash or free merchandise to write reviews for businesses contracting them to build up their reputations or trash their competitors. TripAdvisor is no safer, with the company identifying 60 different review farms in 2015 alone.

Venmo 61

Venmo Push-to-Card Duplicate Bots 61

Nanonets

SEPTEMBER 25, 2024

Set up rule-based workflows to identify and remove any duplicate entries and human review for complex or ambiguous transactions. Regularly analyze reasons for variances (for eg: format differences, fraud, duplicate records) Discrepancy identification During reconciliation, any mismatches are flagged for further review.

Process 52

Process AI Best Practices Reconciliation 52

PYMNTS

FEBRUARY 15, 2018

When you review the current landscape of state laws, you find a complex matrix of inconsistent, sometimes duplicative and often contradictory requirements,” he told the subcommittee. In his testimony, Taylor said a federal bill should, among things, require notification to consumers in the event they are put at risk of harm.

Data Security 40

Data Security Security Breach Privacy 40

Nanonets

NOVEMBER 14, 2023

Reduced Errors: Manual data entry is error-prone, leading to inaccuracies in reports due to incomplete data, missing/correct material, and duplicates. Record Retrieval for Legal Processes: Facilitates legal document generation by automating the retrieval of related information from invoices, medical records, and reports.

Automation 52

Automation Facilitators Audit Compliance 52

Nanonets

NOVEMBER 15, 2023

Comprehensive Vendor Data : Having complete vendor information, including the company name, address, tax identification, and contact details, ensures that the invoice generated is fully compliant and can be processed without legal or procedural hitches.

Duplicate 52

Duplicate Automation Process Facilitators 52

PYMNTS

JULY 19, 2019

PillPack uses patients’ prescription data to inform them of possible medication interactions, side effects, duplications and other details important to health and safety. prescriptions, sources told CNBC. The data comes from Surescripts, which is owned by CVS, Express Scripts and other PillPack competitors.

Federal Trade Commission 43

Federal Trade Commission FTC Duplicate Disputes 43

PYMNTS

MARCH 21, 2018

It may seem like they’re doing everyone a favor, but by issuing payment, they can create a host of legal and tax issues if the employee is not accurately compensated for the hours they worked.”. Not for Lack of Effort. Instead, the survey found, payroll executives struggle with a lack of time and resources.

Payroll 43

Payroll Compliance Faster Payments Duplicate 43

Nanonets

MAY 29, 2024

Purchase orders (PO) are legal documents that are drawn to finalize contracts between a buyer and a supplier. Today, This reduces the risk of errors, such as duplicate orders or incorrect quantities. A PO system provides a thorough documentation trail, making it easier to comply with legal and financial regulations.

Small Business 52

Small Business Audit Automation Disputes 52

Nanonets

JULY 24, 2023

For publicly traded companies, account reconciliation is not just a good practice—it is a legal requirement. Step 5: Find errors Although rare, errors can occur on the bank's side, such as duplicate records, incorrect transaction entries, or miscalculated commissions.

Reconciliation 52

Reconciliation Finance Duplicate Accounts 52

Nanonets

JUNE 12, 2024

Cost Savings: Implemented properly, purchase order management systems ensure that businesses can negotiate better terms with suppliers, avoid duplicate orders, reduce administrative costs, and avail early payment discounts. Streamlined Purchasing: Structures the purchasing process, reducing errors like duplicate orders.

Best Practices 52

Best Practices Automation Small Business Process 52

Nanonets

APRIL 12, 2024

  Invoice Templates:  You can create and access invoice templates allowing you to reflect your brand identity with logo, color scheme and legal information. It can capture data from the invoice and flag duplicate invoices.  Specify descriptions, quantities, unit prices, and any applicable taxes. 

Automation 52

Automation Accounts AI Reconciliation 52

Nanonets

NOVEMBER 14, 2023

E-tendering facilitates the entire tendering process, from creating requirements to contracting, reducing legal errors and enhancing efficiency. Reduces supply problems, including pricing mistakes, order duplication, and inventory issues. Minimizes missing orders, order duplication, and enhances overall efficiency.

Automation 52

Automation Process Facilitators Duplicate 52

Nanonets

AUGUST 10, 2023

Unexpected related expenses: These include unforeseen costs shouldered by employees, like emergency repairs or legal fees, which are not part of the regular operations but are necessary for the business. Reduces inaccuracies: Invalid data, duplicate entries, and fraudulent claims are flagged automatically and can be dealt with immediately.

Automation 52

Automation Process Compliance IRS 52

Nanonets

MAY 7, 2024

By comparing these records, businesses can identify any discrepancies, such as missing or duplicate transactions, incorrect or false amounts, or any unauthorised expenses and transactions. By reconciling expenses, businesses can ensure that they comply with these regulations and avoid potential penalties or legal issues.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

Nanonets

JUNE 22, 2023

By matching invoices with accounting entries in the general ledger, businesses can identify and rectify duplicate entries, errors, or extra payouts, keeping their books in proper balance. This helps them stay compliant with legal obligations and be well-prepared for external audits or reviews.

Reconciliation 52

Reconciliation Audit Automation Correspondent 52

Nanonets

MAY 31, 2023

building rent and maintenance charges, advertisement costs, legal or consulting services, and more. Protection against duplicate and fraudulent invoices - Automating invoice matching entails consistent validation between invoices and supporting documents. This type of matching is subject to an internal invoice approval process.

Automation 52

Automation Audit Process Checks 52

CB Insights

MARCH 21, 2018

Insurance companies and startups working with blockchain technology will have to overcome significant regulatory and legal hurdles before we see anything resembling industry-wide disruption. It’s too early to tell whether blockchain can overcome the legal and regulatory hurdles to become a default standard in the insurance industry.

Blockchain 78

Blockchain Audit Process Risk 78

Stax

NOVEMBER 11, 2024

Compliance Considerations for ACH Payments When implementing ACH payments, businesses must navigate several regulatory requirements and security standards to ensure legal and operational compliance – similar to how credit card processing requires PCI compliance. The ACH network is governed by a variety of regulatory bodies.

ACH 88

ACH Checks Identity Theft Payments 88

Nanonets

MARCH 30, 2023

Greater levels of accuracy Automating payment processing enhances accuracy by validating invoice data against ERP or accounting systems, eliminating manual processes and paper handoffs that cause errors, and flagging duplicate invoices. Compliance with these regulations can help protect the business from legal and financial risks.

Automation 52

Automation Transactions Wire Transfer ACH 52

PYMNTS

MARCH 5, 2018

And in the legal/regulatory world, where there’s concern, there are often subpoenas. The joint efforts, according to reports, would cut down on duplicative activities and reduce some regulatory burden for financial firms. But you know the old saying: Where there’s smoke, there’s concern of a fire.

Consumer Financial Protection Bureau (CFPB) 49

Consumer Financial Protection Bureau (CFPB) Request for Information Bitcoin Cryptocurrency 49

Fintech Labs Insights

JUNE 9, 2015

As soon as the fund executes a trade for a given strategy, the platform’s “Replicazor” technology picks up the execution report and makes a “best effort” to duplicate that trade in real time in the client’s account pursuant to that strategy.

Accreditation 25

Accreditation Duplicate Participant Legal 25

Nanonets

JUNE 14, 2024

This makes it a legally binding contract. Compliance and Regulatory Issues : Adhering to procurement policies, industry regulations, and compliance standards is essential for avoiding legal and financial risks. Poor data management can result in data silos, duplication, and discrepancies.

P2P 52

P2P Process Automation Checks 52

Nanonets

SEPTEMBER 21, 2023

Unlike purchase orders and receipts, invoices specifically request payment and serve multiple purposes, including record-keeping, accounting, tax documentation, and legal protection. Invoices serve multiple purposes, including record-keeping, accounting, tax documentation, and legal protection.

Audit 40

Audit Legal Accounts Transactions 40

Nanonets

APRIL 3, 2024

Businesses Requiring Specialized Expertise Certain industries like healthcare, legal services, and finance have unique accounting requirements and regulatory standards. Complex approval workflows, duplicate alerts and fraud detection. Top Features: All your expense data is in one place.

Automation 74

Automation Payment APIs and Integration Reconciliation Financial Analysis 74

Nanonets

MARCH 14, 2024

Purchase order (PO) is a legally binding agreement issued by the purchaser to the vendor, informing of the type of product/service ordered and the quantity and prices agreed upon. Invoice is a legally binding document that is issued by the vendor to the purchaser along with or after the delivery of the product/service to the customer.

Payment APIs and Integration 52

Payment APIs and Integration Automation Correspondent Checks 52

Nanonets

FEBRUARY 6, 2024

Reconciliation helps remove duplicate entries and rectify errors. This process is critical for audit, taxation, and legal compliance. • Security & Compliance: Companies can be legally constrained not to share any form of confidential statements with third parties. However, it is prone to errors due to its complexity.

Reconciliation 52

Reconciliation Adjustments Automation Transactions 52