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. Streamlined workflows through automation and centralized documentation. This is where FloQast stepped in. That saved us $110,000 in outside audit fees.”

Compliance 99

Compliance Close Processes Audit Automation 99

FloQast

FEBRUARY 14, 2024

Revolutionizing Accounting Processes FloQast’s influence stretched beyond SOX compliance, positively impacting a.k.a With FloQast’s close management capabilities in place, the finance team optimized their close process and achieved greater efficiency. Brands’ accounting procedures.

Compliance 96

Compliance Reconciliation Close Processes Automation 96

Nanonets

JUNE 6, 2024

Automation within Salesforce addresses these challenges by streamlining workflows, reducing manual interventions, and enhancing overall operational efficiency. Benefits of Automation in Salesforce As with most of today’s newly automated accounting and bookkeeping processes , automation is a boon to Salesforce.

Automation 52

Automation Payment APIs and Integration Rules Process 52

FloQast

FEBRUARY 29, 2024

Every minute saved in the financial close process can translate to significant organizational gains. With a threefold increase in revenue and employee count, the company recognized the pressing need to streamline its financial close process. In the fast-paced world of finance, efficiency and accuracy are paramount.

Close Processes 103

Close Processes Finance Process Automation 103

PYMNTS

APRIL 10, 2020

While flashy corporate FinTech is exciting, innovation efforts have rarely focused on a mainstay of corporate finance teams: the financial close process, a crucial, but continually outdated function. But streamlining the financial close process today isn’t only about data integrations with financial platforms, according to Heffernan.

Close Processes 87

Close Processes Finance Automation Process 87

Nanonets

APRIL 17, 2023

AP automation or accounts payable automation solutions are an attempt to optimise this process for finance teams. By getting rid of slow manual processes and its associated errors, AP automation can enhance relationships with partners and suppliers while also saving time and money. Why automate accounts payable?

Automation 52

Automation Payment APIs and Integration Accounts Audit 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

MARCH 27, 2023

Mortgage automation is revolutionizing the way lenders process loans, with advanced technology solutions helping to streamline and speed up the process. From application submission to underwriting and funding, mortgage automation can simplify the steps involved in getting a loan approved. What is mortgage automation?

Automation 52

Automation Regulatory Compliance Underwriting Origination 52

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

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?

Automation 52

Automation Accounts Payment APIs and Integration Process 52

Nanonets

MARCH 26, 2023

Mortgage processing automation helps companies reduce the manual workload involved in mortgage origination and processing, in order to improve accuracy and efficiency. In this post, we will explore how mortgage processing automation using Nanonets and OCR technology can improve your business.

Automation 52

Automation Process Underwriting Fraud Detection 52

Nanonets

APRIL 5, 2024

Tipalti and Airbase are powerful AP automation platforms that can seriously streamline financial processes. 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.

Automation 52

Automation Multi-Currency Compliance Process 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. Key Takeaways: Streamlined month-end close process, reducing timeline from 8 days to 5 days. That’s where FloQast came in.

Posting 101

Posting Close Processes Compliance Facilitators 101

FloQast

JANUARY 10, 2024

As the company prepared for its initial public offering in 2021, Ryan Harmer , Vice President of Accounting and Corporate Controller, recognized the need for a significant transformation in their month-end Close processes. If you want to automate your accounting Close and everything that goes with it, FloQast is a fantastic tool.”

Accounts 97

Accounts Reconciliation Compliance Close Processes 97

Nanonets

APRIL 11, 2023

In this blog post, we will discuss the challenges faced by commercial lenders today, the pain points in the loan process, and how loan automation can address these issues to deliver significant benefits to all stakeholders. Automated credit scoring models can quickly process applications, reducing the time taken for credit approval.

Origination 52

Origination Automation Risk Assessment Underwriting 52

FloQast

JUNE 17, 2024

With a diverse portfolio and operations spanning multiple continents, the company faced significant challenges in its month-end Close process. Aspect Energy’s monthly Close times ranged from 15 to 45 days, creating delays in financial reporting and decision-making. Improvements Seen: U.S.

Close Processes 89

Close Processes Best Practices Accounts Process 89

FloQast

JUNE 5, 2024

In late 2021, SumUp , a global payments provider serving millions of businesses worldwide, faced significant challenges with their manual, spreadsheet-based monthly Close process. Streamlined Workflows: FloQast offered pre-built templates and workflows specifically designed for the Close process.

Close Processes 52

Close Processes Addressing Reconciliation Automation 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

FloQast

NOVEMBER 18, 2024

The Accounting Transformation Platform introduces new AI workflows to deliver value throughout every step of the accounting journey, including: Optimize the close Automate the close Connected compliance Integrated record-to-report To support this platform, we announced the launch of three new solutions.

Compliance 91

Compliance Automation AI Product 91

FloQast

MARCH 27, 2024

FloQast Reconciliation Management is designed to allow teams to choose the most effective method for each account, whether supporting manual reviews in a spreadsheet or full automation leveraging FloQast’s AI-driven AutoRec features. Simply put: Not all recs tie out.

Reconciliation 93

Reconciliation Audit Accounts Best Practices 93

FloQast

APRIL 7, 2024

With the close taking up to eight business days per month, CFOS must understand efficiency challenges and identify opportunities to speed up and streamline close tasks for optimal performance. In this article, we will look at best practices for enhancing your close and how automated software tools can help you reduce completion times.

Best Practices 52

Best Practices Reconciliation Close Processes Automation 52

FloQast

AUGUST 22, 2024

G&W ) , a major freight railroad operator with 115 railroads globally, was facing challenges in their month-end Close process, complicated by a pending ERP migration. FloQast offered immediate productivity gains, comprehensive ERP migration support, and a smooth implementation process, making it the ideal solution for G&W.

Reconciliation 52

Reconciliation Audit Close Processes Compliance 52

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.

Close Processes 47

Close Processes Innovation FinTech Accounts 47

FloQast

NOVEMBER 11, 2024

In every accounting department I’ve been a part of, a crucial period rolls around at the end of each month: the month-end Close. The month-end close process is the culmination of a month’s worth of financial transactions, when all hands are on deck to ensure the company’s financial records are accurate and up-to-date.

Reconciliation 52

Reconciliation Close Processes Accounts Transactions 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.

Close Processes 52

Close Processes Compliance Audit Automation 52

Nanonets

JUNE 13, 2024

To address this issue, organizations prefer using reconciliation software, which can automate the heavy lifting and monotonous tasks while ensuring accuracy and timeliness during the monthly book-closing period. Timely completion of the financial close process helps stakeholders in decision making and reporting.

Reconciliation 52

Reconciliation Automation Accounts Close Processes 52

FloQast

AUGUST 14, 2024

Fanatics , a global leader in sports fan experiences and v-commerce, was grappling with an inefficient month-end Close process. Discovering FloQast marked a turning point for Fanatics, providing the efficiency and control needed to enhance their financial processes.

Reconciliation 52

Reconciliation Close Processes Compliance Audit 52

PYMNTS

JANUARY 20, 2021

“The proceeds are, one, for the acquisition and then, two, to help us build a lot of our engineering and our newest products,” Baker said, calling the full digitization of the mortgage closing process a difficult and significant undertaking. Selling Automation.

Automation 88

Automation Process Transactions Close Processes 88

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.    BlackLine is a cloud-based financial automation platform designed to streamline and modernize accounting and finance processes.

Reconciliation 52

Reconciliation Accounts Audit Automation 52

PYMNTS

OCTOBER 20, 2020

Accounts payable and payments automation solution MineralTree has added automated PO and invoice matching for cloud-based accounting and financial management platform Sage Intacct , a press release says.

Automation 52

Automation Reconciliation Procedures Close Processes 52

PYMNTS

APRIL 13, 2020

Traverse Global Service will also automate parts of the process and use conversions to make everything easier for users, the release stated. With the financial close process, some chief financial officers are reconsidering the necessity of having a traditional finance department at all.

Close Processes 56

Close Processes Automation Process Finance 56

PYMNTS

SEPTEMBER 21, 2017

Using robotics process automation technology, Alan automates tasks to help corporate accountants focus on more strategic and value-add processes. Gappify said Alan can handle both routine, mechanical processes as well as ad-hoc and specialized tasks.

Accounts 45

Accounts Bots Cash Management Automation 45

Nanonets

JUNE 18, 2024

Account Reconciliation can be a fairly manual task, especially right before the monthly close. Account reconciliation also helps improve transparency and visibility throughout the financial close process. Heavily manual: Excel still does not have any workflow automation capabilities, audit trails, or a database to rely on.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 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. FloQast organises not only my close workflow but that of my entire team. It makes it easy for me to see exactly where everyone is in the close process.

Reconciliation 52

Reconciliation Audit Automation Accounts 52

Nanonets

MAY 10, 2023

Three way matching is best performed as an automated workflow powered by AP automation solutions such as Nanonets. 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). Automate invoice payments with AI.

Accounts 52

Accounts Automation Duplicate Process 52

The Finance Weekly

APRIL 12, 2022

Ask yourself the following questions to put your new finance function to the test and optimize it: What is the quality of your closing process? What is the reporting process like? It's an excellent tool for processing and synthesizing small collections of data, but its limitations are unavoidable.

Finance 98

Finance Process Accounts On-Demand 98

Nanonets

JANUARY 31, 2024

Month-end close is a widely accepted accounting standard that is aimed at keeping an accurate set of financial records and detecting errors/fraud. Month-end reconciliation is the most important part of the month-end close process. This can be easily reduced by using AI automation to save time and cost for your team.

Reconciliation 52

Reconciliation Best Practices Adjustments Correspondent 52