Nanonets

JULY 25, 2023

What is financial data analysis? Gartner defines financial analysis as the process that provides “insight into the financial performance of an organization.” How is financial data analysis used in business? Examples of commonly used ratios include liquidity ratios (e.g.,

Financial Analysis 52

Financial Analysis Payment APIs and Integration Assessments Automation 52

Nanonets

APRIL 24, 2023

The use of bank extracts allows organizations to quickly and easily extract important information such as account details, transaction history, and financial status from a range of financial documents. Bank extraction software can be used to extract this information and use it for loan approvals and risk assessments.

Assessments 52

Assessments Automation Fraud Detection Risk Assessment 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? What are the methods of financial data?

Automation 52

Automation AI Financial Analysis Volume 52

Nanonets

FEBRUARY 6, 2024

Reconciliation helps remove duplicate entries and rectify errors. This is essential for financial reporting and tax compliance. The time saved can be better utilized to delve deeper into financial analysis and to enhance strategic financial planning initiatives. Best Practices in Intercompany Reconciliation 1.

Reconciliation 52

Reconciliation Adjustments Automation Transactions 52

Nanonets

SEPTEMBER 21, 2023

In addition to aiding in financial transactions, invoices are an integral part of  accounting internal controls  and  audits. They help track  accounts payable , ensuring that approved transactions are accurately recorded and providing insights for financial analysis.

Audit 40

Audit Legal Accounts Transactions 40

EBizCharge

MARCH 21, 2025

Accountants are needed for strategic decision-making and assessing potential risks. AI continuously monitors financial transactions, identifying irregularities and flagging potentially fraudulent activities. This proactive fraud prevention helps businesses safeguard their financial assets and reduces the risk of financial misconduct.

AI 52

AI Accounts Fraud Detection Audit 52