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Navigating AML obligations in the age of virtual IBANs

The Payments Association

Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Virtual IBANs (vIBANs) have become a key component of modern payment systems, enhancing payment reconciliation and facilitating cross-border transactions.

IBAN 88
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In B2B, Embedded Payments Make For Attractive Acquisitions

PYMNTS

Deeper software integration is important because, explained Petrzela, “it can significantly streamline workflows and turn what can be manual, labor-intensive process into a fully automated, electronic process, from calculating a bill and issuing an invoice all the way to receipt of payment.”.

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Paycheck Solutions: Reiventing the Payslip

Fintech Review

Platforms support local languages, currencies, and laws. Some services also offer tax support, expense tracking, or payment reconciliation. This makes it easier for gig workers to manage income, and for platforms to manage hundreds of payments at scale. For multinational teams, localisation is essential.

Payroll 59
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What is Payroll Accounting & How to automate it?

Nanonets

Payroll accounting encompasses every required law and regulation to promote compliance. Nanonets accounting automation software can automate manual processes like reimbursements, data entry, general ledger coding, payment reconciliation, and more. How do accounting methods impact payroll accounting?

Payroll 52
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AP Automation: 10 Best Invoice Management Software Compared

Nanonets

Automate invoice approvals , invoice review, invoice payment reconciliation , and invoice payments with automated workflows. This includes retail stores, service-based businesses (like law and accounting firms), freelancers, e-commerce companies, and more.

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Paperless accounts payable: An implementation guide

Nanonets

For example, you may want to reduce invoice processing time by 50% or achieve 100% accuracy in payment reconciliation. Likewise, ensuring compliance with various laws and regulations is crucial to avoid penalties and legal issues. Increase transparency? Reduce costs? Set clear, measurable objectives.