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How mortgage automation can streamline your lending business

Nanonets

Mortgage automation is revolutionizing the way lenders process loans, with advanced technology solutions helping to streamline and speed up the process. In this blog post, we'll explore the benefits of mortgage automation, the role of OCR technology in the process, and how Nanonets can help streamline the workflow.

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How loan automation can improve loan origination and overall operational efficiency

Nanonets

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. Automated credit scoring models can quickly process applications, reducing the time taken for credit approval.

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FloQast Continues to Lead in G2’s Summer 2024 Grid Report

FloQast

That’s why the release of G2’s Summer 2024 Grid Report is always eagerly awaited, as it offers a comprehensive assessment of the leading solutions in the field. Once again, FloQast emerges as a frontrunner in the Summer 2024 Grid Report, reaffirming its position as a market leader in financial close management software.

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In the Spotlight: Insights from G2’s Spring 2024 Report

FloQast

That’s why the release of G2’s Spring 2024 Grid Report is always eagerly awaited, as it offers a comprehensive assessment of the leading solutions in the field. Once again, FloQast emerges as a frontrunner in the Spring 2024 Grid Report, reaffirming its position as a market leader in financial close management software.

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What is Record-to-Report (R2R Process) in Finance?

Nanonets

Enhanced Decision-Making Capability The R2R process is pivotal for creating accurate financial statements, which serve as the bedrock for strategic decision-making across various levels of the organization. Tax Liability Assessment: Enables accurate calculation of tax obligations, ensuring compliance with tax laws and regulations.

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The 90 Day Road to Successful CFO

The Finance Weekly

Evaluate current financial processes Although number four on the list, this one could be a standalone white paper or blog post in itself. Assess the output of the Finance Function Within a finance function you have two distinct divisions, accounting and FP&A. What is the reporting process like?

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General Ledger (GL): Definition, Significance, Implementation

Nanonets

Welcome to our latest blog post, where we embark on a deep dive into the intricacies of the General Ledger (GL) — the bedrock of any business's financial system. Inefficient Approval Workflows : Traditional processes often involve cumbersome approval chains that delay payments and complicate cash flow management.