Nanonets

MAY 6, 2024

This article explores how leveraging a dedicated reconciliation software, BlackLine , not only minimises errors and enhances productivity by streamlining workflows and empowering finance professionals to focus on strategic initiatives.     What is BlackLine?  BlackLine

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PYMNTS

JANUARY 26, 2018

“Managing the month-end close is a process of continual improvement,” he said. It’s best practice to review the just-completed close and look for opportunities to be better next time.”. The core of the close process remains the same: corroborate the numbers in the general ledger,” explained Feinstein.

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Close Processes Innovation FinTech Accounts 47

Nanonets

FEBRUARY 8, 2024

Among finance professionals and business leaders, AP automation is quickly shifting from an exploratory endeavor to a key strategic priority. Tipalti is a finance automation platform that has been around since 2010. Paving the way during the early days of finance automation efforts, Tipalti has evolved with the needs of its users.

Finance 52

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FloQast

MAY 7, 2024

The Year End Close: Why Does It Matter? The Year-End closing process is the regulatory requirement that companies verify the accuracy of their annual finances. Following the close, many businesses will also need to open their accounts up for auditors – who will rigorously check their accuracy.

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FloQast

APRIL 4, 2024

With its sixth consecutive quarter at the top spot, FloQast demonstrates not just consistency but also a deep understanding of the evolving needs of finance and accounting professionals. Users point to FloQast’s effectiveness in meeting the evolving needs of finance and accounting professionals and user experience in particular.

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FloQast

DECEMBER 13, 2023

It was known as the Corporate and Auditing Accountability, Responsibility, and Transparency Act. It prohibits auditors from providing certain consulting services to their audit clients and requires a rotation of the lead audit partner every five years.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

Nanonets

JUNE 13, 2024

Timely completion of the financial close process helps stakeholders in decision making and reporting. Maintaining an accurate audit trail is crucial for your company to avoid potential penalties which auditors may flag. It can help businesses save time and money, reduce errors, and improve compliance.

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Reconciliation Automation Accounts Close Processes 52

Nanonets

JUNE 23, 2023

Balance sheet reconciliation is a critical process in finance and accounting that ensures the accuracy and integrity of financial statements. While it may seem like a straightforward process, there are common mistakes that can hinder the effectiveness of balance sheet reconciliation.

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The Finance Weekly

APRIL 28, 2024

These let you link up your accounting and finance software with all the top business apps out there. Quickbooks Online Overview QuickBooks Online is an accounting software that lets companies, big or small, handle finances from anywhere with an internet connection.

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Payment APIs and Integration CRM Automation Multi-Currency 52

FloQast

DECEMBER 18, 2023

I would recommend FloQast to anyone who is looking to streamline and optimize their close process!” FloQast has always strived to make the implementation process as seamless as possible. One-stop shop for all support results in easier audits. Implementation was also a breeze.

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Nanonets

JUNE 18, 2024

Automated Accounts Reconciliation software like Nanonets can cohesively consolidate all data sources on one platform, automate the matching logic across external data sources and general ledgers, effectively provide an audit trail, and keep the process transparent for the accounting team personnel involved.

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Nanonets

APRIL 17, 2023

Finance teams are well aware of the tedious and error-prone nature of manual accounts payable processes. AP automation or accounts payable automation solutions are an attempt to optimise this process for finance teams. Looking to automate your manual AP Processes?

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Automation Payment APIs and Integration Accounts Audit 52

Nanonets

NOVEMBER 27, 2023

Netting in finance can work a few different ways, but no matter the netting process used, the goal is to reduce financial risks for all parties involved. Different business scenarios will require a specific netting process.    Settlement Netting A very common netting process is settlement netting.

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Nanonets

FEBRUARY 14, 2024

Think of these codes as the secret sauce that helps businesses organize their finances, making sure every dollar spent or earned is tracked accurately. The result is a faster, more efficient close process that also saves up your time which can be better spent elsewhere.

Transactions 52

Transactions Audit Accounts Automation 52

Nanonets

MAY 10, 2023

That's why finance teams are increasingly adopting a 3 way match of vendor invoices as an essential step of their accounts payable process. Be audit-ready: 3 way matching neccesitates a proper system of storing and organising legitimate business documents. This helps in establishing mutual trust and goodwill.

Accounts 52

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Nanonets

JUNE 24, 2024

Credit card reconciliation is essential as it helps businesses prevent fraud, maintain financial integrity, optimize spending, and keep the company's books audit-friendly during the financial close process , typically occurring at the end of each month. How to do Credit Card Reconciliation?

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Nanonets

APRIL 5, 2024

Whether you're a finance pro, a decision-maker, or a business owner, this in-depth Tipalti vs. Airbase comparison will give you the insights you need to choose the right AP automation solution for you. Easy customization Streamline your financial close process with Nanonets' built-in reconciliation and verification tools.

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Nanonets

APRIL 19, 2023

As a business owner, you are already juggling a multitude of tasks, but maintaining a firm grip on your finances is always the top priority. End-to-end AP solutions may offer a host of benefits beyond the AP manager's work, including improved vendor relationships, simplified audits, and optimized cash flow.

Accounts 52

Accounts Payment APIs and Integration Automation Process 52

Nanonets

FEBRUARY 26, 2024

Finance teams are well aware of the tedious and error-prone nature of manual accounts payable processes. Today, you can automate these processes using accounts payable automation solutions and optimise accounts payable for your finance teams. In essence, accounts payable forms the backbone of your finance operations.

Automation 52

Automation Accounts Payment APIs and Integration Process 52

Nanonets

FEBRUARY 28, 2024

Whether you're a small business owner, a finance professional, a CFO, or simply curious about the financial operations of a business, this blog series promises to equip you with a thorough understanding of the General Ledger, its significance and it's effective implementation within a business.

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Nanonets

SEPTEMBER 22, 2023

The accounts payable team must also work closely with other departments, such as purchasing and finance, to ensure that all financial data is accurate and up-to-date. By automating invoice processing, you can ensure that all invoices are processed in accordance with your organization's policies and procedures.

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Accounts Best Practices Automation Compliance 40

Nanonets

JULY 21, 2023

The advent of automated reconciliation software has revolutionized this process, serving as a transformative solution. In addition to accelerating the reconciliation process, reconciliation software also enables an audit trail, significantly improving transparency and accountability. What is reconciliation software?

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EBizCharge

NOVEMBER 11, 2024

Regular reconciliation also makes the month-end and year-end closing processes smoother. Standardize procedures: Establish a standardized, documented reconciliation process with clear steps, timelines, and responsibilities. Training fosters consistency, accuracy, and efficiency within the reconciliation process.

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