FloQast

MAY 9, 2024

These enhancements usher in greater automation and visibility, empowering proactive risk assessment, more effective management of compliance programs, and smoother internal audit processes. Solution : FloQast streamlines processes, reducing complexity and cost through automation. million annually, according to FloQast’s survey.

Compliance 97

Compliance Audit Risk Assessment Assessments 97

VISTA InfoSec

MARCH 6, 2024

Changes Access Controls "Limit viewing of audit trails" to those with a need. audit log security principles are mostly unchanged. Automation Emphasis Mentions both manual and automated log review tools. mandates the use of "automated mechanisms" for daily reviews. Strong shift towards automation. No changes.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

FloQast

JUNE 12, 2024

These inefficiencies not only led to wasted time and resources but also resulted in significant audit fees. By leveraging FloQast’s automation and connected platform, Curis was able to streamline their Close process, strengthen their compliance program, and achieve substantial cost savings. This is where FloQast stepped in.

Compliance 99

Compliance Close Processes Audit Automation 99

VISTA InfoSec

FEBRUARY 25, 2024

Backup Continuously Configure regular automated backups across servers, endpoints, databases, file shares, and email servers while retaining multiple generations of backups stored offsite in geographically distributed locations. Conduct audits periodically post-partnership.

Data Breach 266

Data Breach Breach Multifactor Authentication Cybersecurity 266

FloQast

JANUARY 22, 2024

You can and should: Maximize performance Minimize workload Accounting and finance functions are crucial to your organizational performance and increasing enterprise value is possible by leveraging things like workflow automation, reporting, and audit readiness. Workflow automation can help.

Automation 52

Automation Technology Audit Compliance 52

Nanonets

FEBRUARY 1, 2024

Accounts Payable (AP) automation is the use of technology to streamline and improve the process of managing a company's bills and payments owed to others. Instead of manually handling invoices, checking them, and making payments, AP automation uses software to do these tasks more quickly, accurately, and with less human effort.

Automation 64

Automation Accounts Process Multi-Currency 64

Finextra

FEBRUARY 29, 2024

Appian (Nasdaq: APPN) has partnered with Symphony, the leading markets’ infrastructure and technology platform, to help banks and financial services firms communicate, collaborate, and automate compliantly in a highly competitive and regulated market.

Audit 73

Audit Automation Regulations Technology 73

Bank Automation

NOVEMBER 17, 2023

billion, Idaho-based bank saves roughly $1 million annually, has reduced its FDIC audit time by 50% from four weeks to […] Evans Bank has been working with and expanding the use of software company Laserfiche capabilities for 25 years, resulting in paper, monetary and time savings throughout the bank. Through the tech provider, the $3.2

FDIC 72

FDIC Automation Audit 72

Nanonets

JANUARY 23, 2024

Automation in accounting? That's why accounting automation is among the hottest trends today. QuickBooks Online is a powerhouse in accounting, but pair it with Zapier's automation magic, and you get an unstoppable duo. With automated workflows, you can save time, improve accuracy, and enhance expense management.

Automation 59

Automation Accounts Process AI 59

FloQast

JANUARY 22, 2024

Companies that automate their financial statement preparation processes often benefit from improved accuracy, near real-time data, and increased efficiency. Fact: Companies that automate part of their financial statement preparation process reduce time-to-Close by 33% or more. What Financial Reporting Functions Can You Automate?

Automation 52

Automation Reconciliation Audit Accounts 52

Nanonets

SEPTEMBER 18, 2024

Financial document automation is not just changing the game – it's rewriting the rules.  Enter financial document automation, a game-changing solution revolutionizing how companies handle their paperwork, regardless of size or industry. How does financial document automation work?

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

FloQast

APRIL 30, 2024

Simply put: streamlining and automating manual processes would reduce the complexity, burden, and, oh yeah, risk associated with running compliance programs. 65% of respondents in a 2023 Thomas Reuters’ report highlighted that streamlining and automating manual processes would help reduce the complexity and cost of risk and compliance.

Compliance 99

Compliance Addressing Audit Risk 99

The Finance Weekly

JUNE 22, 2022

However, by implementing FP&A automation, their customers will be provided a more in-depth analysis that will set them up for any scenario that can occur in the coming months. By implementing FP&A automation, FCFOs will be able to provide these organizations with something beyond the limitations of Excel.

Automation 105

Automation Process On-Demand Audit 105

FloQast

MARCH 27, 2024

Additionally, with Audit Reports, managers can track changes to processes, noting who made a change and the timing, ensuring strategy remains aligned with execution. Audit Readiness Remember this? This decreases the audit burden on the accountants while keeping auditors happy with the organization of it all.

Reconciliation 93

Reconciliation Audit Accounts Best Practices 93

Nanonets

APRIL 10, 2024

Automation in accounts payable refers to using software to digitize, streamline, and optimize the end-to-end process of managing payables. In this blog, we will discuss Sage Intacct , specifically for finance teams, and how Account Payable Automation (APA) is the next step to improving the process.

Automation 52

Automation Accounts AI Audit 52

Nanonets

APRIL 1, 2024

Failure to maintain this discipline can lead to financial pitfalls, including overdrafts, bounced checks, and inaccuracies in financial reporting and auditing practices. This inconsistency complicates financial record-keeping, potentially leading to audit issues and challenges in reconciling finances.

Reconciliation 52

Reconciliation Checks Automation Process 52

FloQast

FEBRUARY 7, 2024

For publicly-held Veracyte , based in San Francisco, maintaining compliance with SEC and SOX reporting standards while managing audit controls posed a significant challenge. Enter FloQast Close and Compliance Management , a solution that revolutionized Veracyte’s approach to compliance.

Compliance 103

Compliance Audit Facilitators Reconciliation 103

Fintech News

JULY 2, 2024

Summit aims to address common pain points in finance management by modernising and automating accounts payable and employee expense claims processes. Summit’s platform offers a real-time, centralised view of information, enabling efficient audit and reconciliation of vendor invoices and staff claims.

Reconciliation 98

Reconciliation Audit Automation Finance 98

Fintech News

JANUARY 25, 2024

The EY AI Governance and Compliance solution, a part of this initiative, provides businesses with tools for managing AI, including discovery, policy management, risk assessment, and automated monitoring. The system is designed to unify the dispute management process and includes features like dashboards, automation, and transaction auditing.

AI 117

AI Disputes Risk Management Risk Assessment 117

FloQast

JANUARY 17, 2024

The consultation set out proposals for a range of legislative and governance reforms to be implemented in the Code in 2024, including the introduction of a new regulatory body, known as the Audit, Reporting, and Governance Authority (ARGA), which would replace the FRC. What is the UK’s Corporate Governance Code?

Governance 84

Governance Government AAP Audit 84

Fintech Finance

JUNE 18, 2024

Loop , the modern audit & payment platform for the next-gen supply chain, today announced its collaboration with J.P. Morgan Payments turbocharged our freight audit and pay. Loop’s logistics-AI and automation improve accuracy, speed, and trust, enabling J.P. Together, Loop and J.P. Together, Loop and J.P. Loop and J.P.

Audit 98

Audit Payments Treasury AI 98

EBizCharge

MAY 31, 2024

Cash application automation software is steadily transforming that image into a reality for businesses around the globe. What is automated cash application software? Why is cash application automation crucial for businesses? What is remittance data?

Automation 52

Automation Remittance Data Correspondent Wire Transfer 52

Nanonets

JULY 14, 2024

Modern invoice management tools automate much of the process. This automation can significantly reduce processing time and errors. By automating manual tasks, invoice management systems save time, reduce errors, and improve cash flow. Automate manual data entry processes using a workflow management system.

Automation 52

Automation Process Multi-Currency Online and Mobile Banking 52

FloQast

MARCH 25, 2024

Automation can reduce the time to close by 26 % or more. When accountants were asked in the TakeControl 2023 poll about automated workflows and which capabilities were most important to their teams, 15% of respondents indicated accuracy mattered most to them. Leveraging automation will help overcome these challenges.

Close Processes 105

Close Processes Compliance Automation Risk 105

VISTA InfoSec

OCTOBER 21, 2024

Advanced Features: CCaaS solutions include powerful tools like artificial intelligence (AI), automation, and analytics that improve the overall efficiency of customer service operations. Regular Audits: Conduct regular security audits to identify potential vulnerabilities and address them before they can be exploited.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

FloQast

OCTOBER 21, 2024

There sure is: Automated bank reconciliation. Automating your reconciliations both limits the possibility of errors and significantly cuts the time and effort needed. For accounting professionals, implementing a solid automated bank reconciliation process can change the way they approach financial operations within their business.

Reconciliation 52

Reconciliation Automation Process Best Practices 52

FloQast

DECEMBER 4, 2024

Part of FloQast’s Accounting Transformation Platform , this new tool is designed to simplify and automate journal entry workflows, reducing errors and saving time. Enter FloQast Journal Entry Management: Your New Accounting Partner FloQast Journal Entry Management is designed to simplify and automate the entire journal entry process.

Accounts 77

Accounts Audit Compliance Automation 77

Synapse Payment Systems

JANUARY 3, 2023

Inventory management software automates the process of monitoring your stock and can help you discover trends. Keep Up With Audits Even with standardized processes and technology geared toward inventory management, no warehouse or store is error-free. This is where audits come in.

Small Business 130

Small Business Audit Procedures Returns 130

Nanonets

MAY 22, 2023

In this article, we will walk through the necessary steps to set up effective financial controls at a startup and how automation and technology can help. Setting up regular financial audits Regular financial audits are essential for ensuring that the financial controls in place are working as intended.

Automation 98

Automation Procedures Audit Process 98

EBizCharge

MAY 14, 2024

Automated billing transforms how businesses handle their finances, offering a seamless and error-free approach to invoicing and payments. With its foundations in digital efficiency, automated billing could be the financial game-changer your company needs. What is automated billing? How does automated billing work?

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

Nanonets

FEBRUARY 26, 2024

Today, you can automate these processes using accounts payable automation solutions and optimise accounts payable for your finance teams. Our blog cuts through the complexity of AP processes, presenting a clear pathway to automation in 7 steps. What is Accounts Payable Automation? What is Accounts Payable Automation?

Automation 52

Automation Accounts Payment APIs and Integration Process 52

FloQast

NOVEMBER 20, 2024

Data Integrity Issues: Ensuring data accuracy and completeness while maintaining audit trails is crucial, yet difficult in a decentralized environment. Designed with the specific needs of accountants in mind, FloQast AI Transaction Matching automates many tedious tasks associated with transaction reconciliation.

Reconciliation 94

Reconciliation AI Transactions Accounts 94

EBizCharge

AUGUST 23, 2024

The choice between manual and automated accounting systems can significantly impact organizational efficiency. This article will explore the key differences between manual and automated accounting systems, exploring various aspects such as process, accuracy, cost, and scalability. Manual vs Automated accounting: What’s the difference?

Automation 52

Automation Accounts Encryption Transactions 52

EBizCharge

MAY 13, 2024

Tools like AR automation can streamline these operations. This article will explore the benefits of collections automation, including how it can improve cash flow and overall efficiency for businesses. When businesses automate payment collection processes, they can significantly enhance their cash flow and overall financial health.

Automation 52

Automation Disputes Payments Process 52

Nanonets

DECEMBER 13, 2023

Integrating AI and automation into the underwriting workflow presents a significant opportunity to minimize the time allocated to administrative tasks, manual processes, and repetitive data entries. This automation significantly diminishes reliance on manual data entry, a source of potential errors during transcription and input. . #2:

AI 102

AI Process Fraud Detection Compliance 102

PYMNTS

AUGUST 7, 2020

And, payments made through PayCargo will now be able to be viewed on the AWB Changes feature in Unisys Diagnostics, the company’s solution for auditing and payment tracking. The press release says airlines don’t have to use multiple different systems, and the automation cuts out the risk of human error and helps save time.

Security 102

Security B2B Payer Payments 102

PYMNTS

OCTOBER 19, 2020

He said that Tillful automates a traditionally manual process that has historically been extremely slow and costly, so more SMEs can get the money they desperately need while banks can generate new business. So said a new credit-scoring method that automates decision-making can change that. Information Asymmetry.

AI 120

AI B2B Underwriting Non-Bank 120