EBizCharge

MAY 22, 2025

Billing and invoicing, while often used interchangeably, serve unique roles in financial transactions. Invoicing is the process of sending specific documentation to customers that typically includes a detailed account of goods or services rendered, payment terms, and an exact payment amount owed.

Process

Nanonets

APRIL 3, 2024

Vendor reconciliation , a crucial part of this process, involves scrutinizing purchase-related documents to ensure accuracy in all vendor transactions. " Reconciliation in accounting refers to the comparing of details of transactions and financial activities between various documents.

Reconciliation

PYMNTS

JUNE 20, 2019

In accounts payable and accounts receivable, rising fraud mitigation efforts may also lead to more false positives, leading to declined commercial card transactions, misplaced suspicion between buyers and suppliers, delays in invoice processing and more. The False Positive Threat.

B2B

Stax

SEPTEMBER 17, 2024

If you had to scratch your head to answer this question, you’re among 9 in 10 Americans who prefer digital transactions over traditional payment methods. According to Mordor Intelligence , the electronic payments industry was valued at $7.36 A typical ACH transaction is like a machine with multiple moving cogs.

Wire Transfer

EBizCharge

OCTOBER 17, 2023

Every day, billions of dollars in transactions are processed around the world. While payment methods vary depending on location, merchant, and type of transaction, ACH payments are one of the most used electronic payment systems in the U.S. An ACH return occurs when a digital payment transaction can’t be processed.

ACH

Nanonets

NOVEMBER 27, 2023

In most companies, the accounts payable team is responsible for sending payments to vendors, customers, and other business partners. Opposite the AP team, the accounts receivable team is in charge of collecting outstanding payments from customers and business partners. This could be a vendor, lender, or even utility company.

Payment Amount

Payment Savvy

MAY 12, 2023

Payment automation solutions typically work in the following way: Invoices are received electronically, either through email or an electronic invoice portal. The payment automation system scans the invoice and extracts relevant data, such as payment amount and due date. Train employees.

Automation