Fintech News

JANUARY 30, 2024

AI-powered processes have streamlined labour-intensive tasks, minimised errors, and sped up transactions. One of the key functions of AI in this domain is its ability to match incoming payments with outstanding invoices, thereby automating payment reconciliation and significantly reducing manual efforts.

Payments Trends 119

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 119

Nanonets

MARCH 20, 2023

AP automation software that is available off the shelf today is either a standalone product or part of a full stack accounting ERP. A company’s choice of AP automation software depends upon its features and the specific needs of the company.   The use of accounts payable software results in a 73% faster processing time.

Accounts 52

Accounts Payment APIs and Integration Multi-Currency Automation 52

Nanonets

APRIL 16, 2023

Get Started Approval Process The best AP automation software runs an efficient approval process from approval prediction to multi-tier approval management. This helps a business take advantage of the early payment cycle and cuts processing costs. All payment remittance advice is rolled up into one clear report.

Automation 52

Automation AI Accounts Reconciliation 52

Nanonets

OCTOBER 18, 2024

Many businesses rely on multiple systems for OCR data capture, invoice processing, approvals, and payment reconciliation, which makes the process lengthy, expensive, and highly inefficient. More such platforms are expected to become popular for AP workflows with changing business needs and compliance requirements.

Payment APIs and Integration 52

Payment APIs and Integration Automation AI Multi-Currency 52

Nanonets

FEBRUARY 1, 2024

Approval: Cumbersome approval process with challenges in providing context to approvers, tracking invoice status and ensuring timely authorizations. Payments: Difficulty in managing multiple payment terms, schedules and currencies while ensuring timely payments. Successfully managing over 100,000 vendors.

Automation 64

Automation Accounts Process Multi-Currency 64

Nanonets

FEBRUARY 26, 2024

Approval: Cumbersome approval process with challenges in providing context to approvers, tracking invoice status and ensuring timely authorizations. Payments: Difficulty in managing multiple payment terms, schedules and currencies while ensuring timely payments. What is Accounts Payable Automation?

Automation 52

Automation Accounts Payment APIs and Integration Process 52

Nanonets

AUGUST 21, 2023

You can easily connect it with your existing accounting systems, including QuickBooks and Sage, so it doesn't disrupt your current processes. Payment reconciliation Once the payments have been executed, the automation software will then reconcile them. With the median processing cost between $2.01

B2B 52

B2B Automation Payment APIs and Integration Payments 52