Nanonets

SEPTEMBER 18, 2024

Enter financial document automation, a game-changing solution revolutionizing how companies handle their paperwork, regardless of size or industry. Financial document automation Financial documents of different types Every company, regardless of its primary business focus, deals with finance-related activities.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

Nanonets

JUNE 23, 2023

By carefully scrutinizing transactions and balances, potential fraud can be detected early, allowing for appropriate action to be taken to mitigate financial risks. Regulatory Compliance Balance sheet reconciliation is a crucial element of regulatory compliance.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

Nanonets

JULY 26, 2023

Extracting relevant and accurate financial data from financial and business documents is critical for effective decision-making, financial analysis, and integrity, as well as regulatory compliance. What are the three types of financial analysis?

Automation 52

Automation AI Financial Analysis Volume 52

Nanonets

MAY 31, 2023

The need for AI in finance In traditional finance functions, companies often rely on manual processes, extensive paperwork, and repetitive tasks to manage their financial operations. These tasks include data entry, invoice processing, and financial analysis for decision-making, operational planning, and risk management.

AI 122

AI Finance Fraud Detection Mitigation 122

Nanonets

APRIL 30, 2024

This article also delves into the intricacies of using AI for PDF data extraction, exploring the challenges it addresses, the mechanisms of AI-based PDF parsers , and the overall benefits of AI to extract data from PDFs. These models learn from examples and improve their accuracy over time and continuous learning/feedback.

AI 52

AI Due Diligence Automation Use Case 52

Nanonets

APRIL 15, 2024

Discrepancies uncovered during the reconciliation process can raise red flags, prompting further investigation and measures to prevent financial losses and uphold the organization's security protocols. Fraudulent activities, such as unauthorized withdrawals or forged checks, can lead to discrepancies and must be promptly addressed.  

Reconciliation 52

Reconciliation Adjustments Checks Correspondent 52

FloQast

JANUARY 22, 2024

Leverage Technology to Become More Efficient and Help Ease the Talent Burden In FloQast’s TakeControl 2023 poll, 44% of respondents plan to address the ongoing accounting talent shortage with technology and automation. The stringent audit and compliance demands of the IPO process leave no room for error. So, what can you do?

Automation 52

Automation Technology Audit Compliance 52