Payments Source

JANUARY 12, 2021

Now it's time for regulators to further ease anti-money-laundering reporting requirements by freeing them from filing duplicative or unnecessary suspicious activity reports. Congress acted first when it freed financial firms from having to disclose the beneficial owners of commercial clients.

SARS 65

SARS Money Laundering AML Duplicate 65

Fintech Finance

MAY 21, 2024

E-invoicing is increasingly taking priority within CFO departments alongside e-reporting requirements from local governments or tax authorities. Accounting teams will be required to comply with specific legislation when sending and receiving electronic invoices.

Automation 52

Automation Duplicate Best Practices Finance 52

FloQast

JANUARY 22, 2025

Lack of integration results in: Data silos Greater risk of errors Duplicated efforts and thus more work for accounting departments Simply put, disjointed point solutions not only hinder efficiency but also erode trust in the systems meant to support accounting teams, leaving them overburdened and unable to perform at their best.

Accounts 52

Accounts AI Automation Audit 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. Credit card reconciliation helps identify discrepancies such as fraudulent transactions, duplicate charges, or unauthorised expenses.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

FloQast

OCTOBER 27, 2023

Changing nature of business : Because of the changing nature of business and the business environment, compliance officers deal with more complex supply and distribution channels, increasing sophistication of fraud, and a complex labyrinth of laws and reporting requirements. The post What is Compliance Management?

Compliance 52

Compliance Best Practices Mitigation Procedures 52

Nanonets

APRIL 2, 2024

This can include anything from missing or duplicate transactions to unauthorized charges or fraudulent activity. Compliance with Regulations: In today's regulatory environment, adherence to financial regulations and reporting requirements is non-negotiable.

Reconciliation 52

Reconciliation Adjustments Automation Regulatory Compliance 52

Nanonets

JANUARY 17, 2024

However, as the company grew, the CFO, Alex Morgan, noticed several issues: Duplicate Claims: Employees occasionally submitted the same expense twice due to lack of proper tracking. Here's how it transformed their process: Duplicate Claims Prevention: The software now automatically flags duplicate entries.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52