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.

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Automation Finance Correspondent Close Processes 70

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.

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Reconciliation Automation Accounts Finance 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.

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Reconciliation Best Practices Adjustments Correspondent 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. Each GL account is associated with corresponding GL code.

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Automation Payment APIs and Integration Accounts Transactions 52

Nanonets

JUNE 23, 2023

This process is known as the financial close. Balance sheet reconciliation is a crucial step in the financial close process, serving as a vital control mechanism for organizations. Investigate Discrepancies Analyze the discrepancies found during the comparison process.

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Reconciliation Audit Financial Analysis Adjustments 52

Nanonets

JULY 24, 2023

Step 2: Compare The next step in the account reconciliation process is to compare all transactions recorded in your internal ledger with the corresponding entries in your bank statement or other financial documents. This automation eliminates manual efforts, saves time, and ensures the accuracy of the extracted data.

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Reconciliation Finance Duplicate Accounts 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.

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Automation Reconciliation Audit Accounts 52