FloQast

JANUARY 10, 2024

Embodying the spirit of “Small teams can do great things,” the team leaned on FloQast, streamlining their financial processes and ultimately setting the stage for a successful IPO. Streamlining the Month-End Close With 8.4 But Cricut’s small, but mighty, accounting team rose to the challenge.

Accounts 94

Accounts Reconciliation Compliance Close Processes 94

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. Workflow automation : Nanonets can automate the account reconciliation process, from data entry to approval.

Reconciliation 52

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. This process is known as the financial close.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

FloQast

JULY 9, 2024

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. The suite of features offered have helped us streamline some of our processes and our whole team is able to implement the features easily.”

Continuity 87

Continuity Reconciliation Finance Accounts 87

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. The suite of features offered have helped us streamline some of our processes and our whole team is able to implement the features easily.”

Reconciliation 59

Reconciliation Close Processes Accounts Audit 59

FloQast

APRIL 4, 2024

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. The suite of features offered have helped us streamline some of our processes and our whole team is able to implement the features easily.”

Reconciliation 68

Reconciliation Finance Accounts Small Business 68

Nanonets

FEBRUARY 14, 2024

We'll also discuss how to set up efficient GL coding processes in your team, and explore GL coding automation software. Increase Efficiency of Month-End Close : Accurate GL coding directly contributes to increased efficiency within a company’s financial processes, especially during critical periods like month-end close.

Transactions 52

Transactions Audit Accounts Automation 52

Nanonets

APRIL 19, 2023

Fortunately, modern technology offers a range of software and automation tools that can simplify various accounting operations, including payment recording, expense tracking, and the Accounts Payable Process. There are various tools with different technological capabilities that can be used for automating the accounts process.  The

Accounts 52

Accounts Payment APIs and Integration Automation Process 52

The Finance Weekly

NOVEMBER 3, 2021

Inter-company transactions, currency exchange rates and various non-cash activities only complicate things in an already complex, time-consuming process. Due to the inefficiencies and error proneness of account reconciliation through traditional processes, finance teams should automate through , new technologies in the industry.

Reconciliation 52

Reconciliation Automation Accounts Finance 52

Nanonets

JULY 24, 2023

  Financial reconciliation is a recurring process that encompasses various sources of financial information within a business. Gartner defines finance reconciliation as “the process of comparing two sets of financial records to ensure they are in agreement.” What is finance reconciliation?

Reconciliation 52

Reconciliation Finance Duplicate Accounts 52

Nanonets

FEBRUARY 28, 2024

We'll also explore how to efficiently manage and utilize your General Ledger, including the implementation of modern software solutions to automate and streamline your accounting processes. A system that's too basic might not handle the complexity, while an overly sophisticated system could overwhelm and slow down processes.

Automation 52

Automation Payment APIs and Integration Accounts Transactions 52

Nanonets

MAY 7, 2023

With the rising company transactions comes the credit card reconciliation or reconciliation process. While it sounds simple, many intricacies are involved in the process. This process is important for businesses and individuals, ensuring that all expenses are properly accounted for and reported.

Reconciliation 52

Reconciliation Credit Cards Automation Accounts 52

FloQast

JUNE 12, 2024

Curis , a biopharmaceutical innovator based in Lexington, Massachusetts, faced challenges with their traditional, paper-heavy month-end Close process and compliance program. These inefficiencies not only led to wasted time and resources but also resulted in significant audit fees. That saved us $110,000 in outside audit fees.”

Compliance 96

Compliance Close Processes Audit Automation 96

Nanonets

SEPTEMBER 22, 2023

An  accounts payable department  is an integral part of any organization, responsible for managing and processing all outgoing payments to suppliers and vendors. An inefficient  accounts payable process  can result in lost opportunities, damaged vendor relationships, and cash flow issues.

Accounts 40

Accounts Best Practices Automation Compliance 40

Nanonets

FEBRUARY 8, 2024

By streamlining the accounts payable cycle with Artificial Intelligence and automation-centric tools, AP teams can reap the benefits of airtight data accuracy, seamless invoice processing , and downstream collaboration with other teams or business processes. What features do they offer?

Finance 52

Finance Automation Multi-Currency Accounts 52

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

MAY 6, 2024

Finally, the manual nature of these processes contributes to difficulties in retaining financial and accounting talent and attracting new employees, exacerbating staffing concerns within organizations.   Traditional manual reconciliation processes involving spreadsheets are error-prone, time-consuming, and lack comprehensive visibility.

Reconciliation 52

Reconciliation Accounts Audit Automation 52

FloQast

FEBRUARY 19, 2024

In the wake of its IPO, Zoom faced the challenge of restructuring its month-end Close process to accommodate its expanding operations and to ensure compliance with regulatory standards. We use FloQast for a lot of different things — not just the close. We actually use FloQast for SEC reporting,” Jeanne said. “We

Posting 98

Posting Close Processes Compliance Facilitators 98

Nanonets

MARCH 20, 2023

What is the accounts payable process? The accounts payable process of a company is the management of its short-term payment obligations to vendors/suppliers. Accounts payable processing ensures timely payments to suppliers and vendors. Businesses might even occasionally opt for accounts payable outsourcing.

Process 52

Process Accounts Automation Checks 52

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. While that may mean the process is particularly challenging for certain organisations and their accounting teams, there are plenty of ways to ease the pressure.

Reconciliation 52

Reconciliation Audit Automation Accounts 52

FloQast

MARCH 22, 2024

Outdated manual month-end close processes are a pain point for companies of every size – taking up as much as 40% of finance departments’ monthly working time and attention – an effort that could be better spent adding value to the business in other ways. Why Modernise the Month-End Close?

Close Processes 52

Close Processes Compliance Audit Automation 52

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.

Automation 52

Automation Reconciliation Audit Accounts 52

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. AP automation or accounts payable automation solutions are an attempt to optimise this process for finance teams.

Automation 52

Automation Payment APIs and Integration Accounts Audit 52

Nanonets

JULY 21, 2023

To ensure the integrity of financial data, accountants and bookkeepers rely on the general ledger account reconciliation process. This process involves comparing general ledger accounts with supporting documents using reconciliation software to identify discrepancies and take corrective measures. What is reconciliation software?

Reconciliation 52

Reconciliation Payment APIs and Integration Automation Audit 52

Nanonets

JUNE 18, 2024

Introduction to Account Reconciliation Account reconciliation is the critical process of comparing your general ledger with internal and external sources. Bank service fees, deposits in transit, outstanding checks, and interest rates must be factored into the reconciliation process. Retain all supporting documentation.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52

Nanonets

JUNE 24, 2024

Credit card reconciliation is the process of ensuring that the credit card transactions match the internal general ledger. Credit cards have made it easier for businesses to process payments. After this bring in the controllers or the designated finance managers who can review and provide the approval for the entire process.

Reconciliation 52

Reconciliation Credit Cards Correspondent Automation 52

PYMNTS

JANUARY 26, 2018

Rob Feinstein, vice president of Product at FloQast , told PYMNTS that this excitement over innovative technology is a response to the ebbs and flows of the close management process. Managing the month-end close is a process of continual improvement,” he said. Open Banking initiatives in the EU, U.K.,

Close Processes 47

Close Processes Innovation FinTech Accounts 47

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. A 3 way match is an internal control process that cross-references a supplier's invoice against its corresponding purchase order (PO) and good received note (GRN). What is a 3 way match?

Accounts 52

Accounts Automation Duplicate Process 52

Nanonets

APRIL 5, 2024

Tipalti and Airbase are powerful AP automation platforms that can seriously streamline financial processes. This makes it an attractive choice for businesses looking to streamline their spend management processes. It can handle everything from invoice capture and 3-way matching to vendor management and payment processing.

Automation 52

Automation Multi-Currency Compliance Process 52

The Finance Weekly

APRIL 28, 2024

QuickBooks Online works with many apps, like: Payment processing software E-commerce platforms Inventory management systems Customer relationship management (CRM) Project management tools Integrating QuickBooks can be done through APIs (Application Programming Interfaces), custom-built integrations, or middleware.

Payment APIs and Integration 52

Payment APIs and Integration CRM Automation Multi-Currency 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. This could also lead to late payments or in some cases potential  vendor fraud.

Automation 52

Automation Accounts Payment APIs and Integration Process 52

Nanonets

NOVEMBER 27, 2023

If you can nail down a netting process that works for you and the entities you do business with, you’ll see monetary savings and a reduction in processing times, and your AP team will operate as efficiently as possible. Different business scenarios will require a specific netting process. What is Netting?

Payment Amount 52

Payment Amount Venmo Settlement Process 52