Nanonets

MARCH 27, 2023

Underwriting : Underwriting is the process of assessing the borrower's creditworthiness, evaluating the risks and ensuring that the loan meets the lender's criteria. Closing : The closing process involves signing the final documents and transferring funds.

Automation 52

Automation Regulatory Compliance Underwriting Origination 52

Nanonets

APRIL 11, 2023

A report by McKinsey states that by embracing digital lending processes, leading banks have brought down the “time to yes” from weeks to minutes, and “time to cash” from even longer to less than 24 hours. Manual compliance processes increase the risk of non-compliance and may result in costly fines or penalties.

Origination 52

Origination Automation Risk Assessment Underwriting 52

Nanonets

JUNE 13, 2024

To address this issue, organizations prefer using reconciliation software, which can automate the heavy lifting and monotonous tasks while ensuring accuracy and timeliness during the monthly book-closing period. Timely completion of the financial close process helps stakeholders in decision making and reporting.

Reconciliation 52

Reconciliation Automation Accounts Close Processes 52

Nanonets

JUNE 23, 2023

This process is known as the financial close. Balance sheet reconciliation is a crucial step in the financial close process, serving as a vital control mechanism for organizations. Regulatory Compliance Balance sheet reconciliation is a crucial element of regulatory compliance.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

FloQast

MARCH 22, 2024

Outdated manual month-end close processes are a pain point for companies of every size – taking up as much as 40% of finance departments’ monthly working time and attention – an effort that could be better spent adding value to the business in other ways.

Close Processes 52

Close Processes Compliance Audit Automation 52

Nanonets

MARCH 12, 2024

Strategic Planning: Facilitates the formulation of actionable strategies to address gaps, optimize performance, and capitalize on opportunities. Closing: The closing process is manual, with a checklist to ensure all financial activities for the period have been recorded and reconciled.

Process 52

Process Finance Reconciliation Compliance 52

Nanonets

JULY 21, 2023

Reconciliation software is a specialized application that automates and streamlines the financial closing process for businesses. SolveXia SolveXia is a no-code automation solution designed to optimize team productivity and automate financial close processes. What is reconciliation software? Sources: [link] [link] 2.

Reconciliation 52

Reconciliation Payment APIs and Integration Automation Audit 52