Nanonets

MAY 31, 2023

Without this structured approval process in place, organizations may have to contend with unchecked spending, budget overruns, fraud, inefficient resource allocation, operational confusion, and poor decision-making. Unchecked spending can pose significant risks to an organization's financial health.

Budgeting 52

Budgeting Purchase Order Accounting Software Accounting 52

Spenmo

NOVEMBER 3, 2022

This article will discuss some challenges of company expense policy implementation and the steps in creating an effective expense reimbursement policy. It doesn’t avoid instances of fraud Some employees can find ways around a company expense reimbursement policy to overclaim.

Expense Reports 52

Expense Reports Budgeting Account Reconciliation Deposits 52

Nanonets

NOVEMBER 14, 2023

In this article, we shall look at how E-Procurement works and discuss its benefits. Advantages : Maximizes profits by controlling finances; improves visibility and compliance in the purchase-to-pay process; offers a simplified purchase order requisitions process; supports advanced AI and machine learning techniques for fraud detection.

Purchase Order 52

Purchase Order Vendor Management Invoicing Collections 52

Nanonets

JUNE 17, 2023

This article will provide an in-depth understanding of account reconciliation, its benefits, and how businesses can leverage technology to automate the process. Identifying Fraud and Unusual Activity: Reconciling accounts can reveal potential fraudulent activities and other irregularities, enabling companies to take timely action.

Account Reconciliation 52

Account Reconciliation General Ledger Accounting Accounting 52

Nanonets

FEBRUARY 15, 2024

These manual systems introduce several problems: they are time-consuming, difficult to track, and prone to human error & fraud. Moreover, errors caused by manual processes can lead to incorrect orders, overpayments, and even fraud, each of which directly impacts the bottom line.

Purchase Order 52

Purchase Order Invoicing Budgeting Collections 52

AvidXchange

APRIL 14, 2021

But they’re more likely to have mistakes and are more vulnerable to fraud. What we’re seeing is the volume of digital transactions has grown exponentially, but the paper and documentation supporting it has equally grown in similar terms,” said Saxena, CEO of Docyt in an article for Pymnts.com. But it needs to be automated.

AP 40

AP General Ledger Purchase Order Data Entry 40

Nanonets

APRIL 24, 2023

The use of OCR in the banking sector falls under two categories – usage by banks and usage by customers and other business entities.  Banks OCR-driven extraction of data from bank statements helps account holders helps the customer monitor account balance, track fees and interest and detect identity fraud.  Bank

Deposits 52

Deposits Data Entry Invoicing Computation 52

Nanonets

MARCH 15, 2024

In this article, we dive into what actual AI automation looks like (and why it isn’t as straightforward). Invoice coding and General Ledger (GL) account mapping Perhaps one of the most difficult tasks to automate is assigning invoices and receipts to the right category and GL code within your accounting system.

Data Entry 59

Data Entry Accounting Accounting General Ledger 59

Nanonets

APRIL 1, 2024

Tipalti's AP automation solution includes multi-entity support, tax compliance, and fraud detection, allowing businesses to simplify and evolve their AP processes while focusing on growth and success. Automated 3-way matching and discrepancy detection help identify potential issues early in the process, preventing overpayments and fraud.

AP 98

AP Accounts Payable Accounts Payable Invoicing 98

Nanonets

APRIL 1, 2024

Tipalti's AP automation solution includes multi-entity support, tax compliance, and fraud detection, allowing businesses to simplify and evolve their AP processes while focusing on growth and success. Automated 3-way matching and discrepancy detection help identify potential issues early in the process, preventing overpayments and fraud.

AP 52

AP Accounts Payable Accounts Payable Invoicing 52

IMA's Count Me

OCTOBER 25, 2020

So when we talk about kind of activities that would require employees to act as whistleblowers, I think that the past year showed how that category for internal reporting has it has expanded.

Collections 40

Collections Accounting Accounting 40

Remote Quality Bookkeeping

JUNE 12, 2023

billion in tax fraud [2] alone, which is alarming. In this article, find the top scams you should beware of in this fast-growing digital world to keep yourself and your money safe. However, only some people are eligible for this category. There are two ways through which it’s happening, form W-2 fraud and form 8944 fraud.

Tax 52

Tax Bookkeeping Payroll Accounting 52

Remote Quality Bookkeeping

JUNE 12, 2023

billion in tax fraud [2] alone, which is alarming. In this article, find the top scams you should beware of in this fast-growing digital world to keep yourself and your money safe. However, only some people are eligible for this category. There are two ways through which it’s happening, form W-2 fraud and form 8944 fraud.

Tax 52

Tax Bookkeeping Payroll Accounting 52

Nanonets

AUGUST 10, 2023

This article will highlight how to automate and manage your expense claims better. Office expenses: Everything from your daily office supplies to the internet bill falls under this category. Is the tool helping you control costs and reduce fraud? This helps in preventing fraud and maintaining compliance with company policies.

Data Entry 52

Data Entry Expense Reports Financial Records General Ledger 52

NextProcess

MAY 28, 2023

Accounts payable software gives your company tools to speed up invoice processing, reduce errors, fight fraud, automate manual activities, and more all while saving money. At the same time, we specialize in delivering cutting-edge data security to help fight fraud and protect valuable financial information.

AP 52

AP Accounts Payable Accounts Payable Purchase Order 52

Nanonets

JUNE 29, 2023

In this article, we will explore the top 15 expense management software available in the market. By leveraging expense management software, businesses can achieve greater visibility and control over their expenses, reduce errors and fraud, improve expense policy compliance, and streamline the reimbursement process for employees.

Expense Reports 52

Expense Reports Data Entry Invoicing Budgeting 52

Jetpack Workflow

MARCH 21, 2023

In this article, we will help you identify whether spreadsheets are an ideal choice for you. There is an opportunity for fraud due to the ability of individuals to input bad data without any trackability and enforced compliance with accounting standards.

Bookkeeping 52

Bookkeeping Bank Reconciliation Reconciling Accounting Software 52

Nanonets

MAY 10, 2023

This article will show how workflow management solutions can automate routine procedures, minimize repetitive jobs and operator mistakes, detect bottlenecks, and simplify communication across all departments. In order to prevent fraud, ensure the workflow software provides role-based access. And there is no way out of it.

Data Entry 98

Data Entry Invoice Processing Customer Service Invoicing 98

Nanonets

FEBRUARY 6, 2024

This article provides the most comprehensive guide to intercompany reconciliation and how automation can help you save time & cost! This article will focus on the first two steps - Data Collection & Reconciliation. This will help quickly detect errors/frauds and help safeguard your company.

General Ledger 52

General Ledger Financial Statements Reconciling Collections 52

Nanonets

APRIL 5, 2023

In this article, we will explore the definition of intelligent process automation, its importance in modern businesses, the key technologies involved, benefits, challenges, use cases, and the future of IPA. The data is also stored digitally for future process characterization and part qualification information. billion by 2027.

Customer Service 98

Customer Service Account Reconciliation Invoice Processing Payroll 98

Cloud Accounting Podcast

MARCH 30, 2020

I saw another article with a- and we talked about this cell phone data. I mean, you can read the article and tell me what you think. What do they think? David Leary: [00:11:16] What caught my eye about this is because the billionaire that was quoted in the article. This is an article that was on Bloomberg.

Accounting 40

Accounting Accounting Payroll Billing 40

Cloud Accounting Podcast

APRIL 6, 2020

Here's an Accounting Today article called: Some Coronavirus Stimulus Checks May Not Arrive Until September." Now we've got a big fraud risk because the information that the IRS can use to verify them is not necessarily that hard to acquire; because what is the IRS gonna use to verify your identity? They're gonna do that in mid-April.

Payroll 40

Payroll QuickBooks Tax Bookkeeping 40

Cloud Accounting Podcast

SEPTEMBER 15, 2020

– CFO 07:41 – Auditors Struggle to Access Data, Count Inventory During Remote Work – Wall Street Journal 07:47 – 8 things to know about the audit evidence standard – AICPA 09:17 – DOJ: 57 Charged With Alleged PPP Fraud – PYMNTS.com 10:10 – More on Liar Loans – Wikipedia 11:52 – Quickie lender Kabbage doled out billions in PPP loans.

Tax 40

Tax Payroll Financial Statements QuickBooks 40

Cloud Accounting Podcast

JUNE 23, 2020

Two frauds perpetrated by Steve Jobs copycats. __ This episode of The Cloud Accounting Podcast is sponsored by Synder. If it's under that amount, it will not, and only aggregated, anonymized data is gonna be released; aggregated by zip code, industry, business type, various demographic categories. Debbie Mucarsel-Powell of Florida.

QuickBooks 40

QuickBooks Computation XERO Tax 40

Cloud Accounting Podcast

JUNE 16, 2020

Tons of articles related to all that mess. million. [00:09:45] Then, the interesting one is there's an article about Square that I found; why its stock is soaring and how it's threatening banks. Couple of interesting points in this article. I'll just read this verbatim from the article here. This article was in Forbes.

QuickBooks 40

QuickBooks Bookkeeping XERO Payroll 40