Duplicate Payment Amount Payment Issues 
Nanonets
APRIL 3, 2024
Fraud Detection and Prevention: Through vendor reconciliation, businesses can detect discrepancies that may indicate fraudulent activities such as overbilling, duplicate invoices, or fictitious vendors. By promptly addressing discrepancies and resolving payment issues, businesses demonstrate reliability and professionalism.
Nanonets
SEPTEMBER 21, 2023
By leveraging advanced optical character recognition (OCR) technology, the software accurately captures invoice details such as invoice number, vendor name, payment amount, and due date, facilitating efficient invoice management. Protect executives from payment issues by implementing strong internal controls and anti-fraud measures.
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