The Finance Weekly

NOVEMBER 3, 2021

For both internal and external sources, each balance has to match the corresponding account in the general ledger. Inter-company transactions, currency exchange rates and various non-cash activities only complicate things in an already complex, time-consuming process. Adopting Superior Methods in 2021.

Reconciliation 130

Reconciliation Automation Accounts Finance 130

PYMNTS

SEPTEMBER 23, 2020

Artificial intelligence (AI) automation firm Auditoria has announced new capabilities to help enhance financial back-office tasks, according to a press release. The application will help to provide prioritization over what work is done, with automatic logging of correspondence and a built-in tonality based on the type of client.

Automation 70

Automation Finance Correspondent Close Processes 70

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

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

Nanonets

JUNE 18, 2024

Introduction to Account Reconciliation Account reconciliation is the critical process of comparing your general ledger with internal and external sources. Each balance should match its corresponding entry in the general ledger for any source. Account Reconciliation can be a fairly manual task, especially right before the monthly close.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52

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?

Reconciliation 52

Reconciliation Credit Cards Correspondent Issuers 52

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.

Best Practices 52

Best Practices Reconciliation Adjustments Correspondent 52