Nanonets

JULY 24, 2023

Finance reconciliation plays a pivotal role in ensuring the reliability and accuracy of a business's financial records.   Financial reconciliation is a recurring process that encompasses various sources of financial information within a business. What is finance reconciliation?

Reconciliation 52

Reconciliation Finance Duplicate Accounts 52

Nanonets

FEBRUARY 8, 2024

Among finance professionals and business leaders, AP automation is quickly shifting from an exploratory endeavor to a key strategic priority. If it feels like there is a never-ending supply of these tools, finding the ones that are worth your time and money can be the most time-consuming part of the robotic process automation journey.

Finance 52

Finance Automation Multi-Currency Accounts 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. Our Close went from 12 days down to 6.”

Reconciliation 52

Reconciliation Close Processes Compliance Audit 52

PYMNTS

APRIL 10, 2020

Financial technology innovation has opened the doors to massive transformation of corporate finance departments. 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have rarely focused on a mainstay of corporate finance teams: the financial close process, a crucial, but continually outdated function.

Close Processes 87

Close Processes Finance Automation Process 87

PYMNTS

DECEMBER 16, 2016

In a survey conducted by the Institute of Management Accountants (IMA), and sponsored by Blackline, titled “Process Automation in Accounting and Finance,” examining the attitudes and concerns of 750 financial professionals surrounding accounting and month-end closing processes, manual activities remain prevalent — at the cost of time and money.

Automation 74

Automation Process Reconciliation Close Processes 74

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

Nanonets

JUNE 14, 2024

Challenges of Balance Sheet Financial Close The reconciliation process during the financial close can be challenging for finance teams due to disconnected data sources, a lack of automation, and the sheer volume of transactions. This might lead to potential financial losses and incorrect reporting.

Reconciliation 52

Reconciliation Adjustments Automation Accounts 52

The Finance Weekly

APRIL 12, 2022

For many accounting and finance professionals, being a chief financial officer (CFO) is a career highlight. Taking that next step towards the finance executive table, whether you have 10, 20, or even 30 years of expertise in finance, is no easy task. However, getting there is only the start of the journey.

Finance 98

Finance Process Accounts On-Demand 98

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

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

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

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. Additionally, automation can help businesses stay compliant with regulations and standards.  The functions of these tools fall under the following categories.

Accounts 52

Accounts Payment APIs and Integration Automation Process 52

Nanonets

APRIL 24, 2023

 The lender typically charges a loan origination fee, which is around 1% of the loan amount, to cover the cost of the work involved in the origination process. Automate your mortgage processing, underwriting, fraud detection, bank reconciliations or accounting processes with a ready-to-use custom workflow.

Origination 52

Origination Process Underwriting Automation 52

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

The Finance Weekly

AUGUST 30, 2022

FP&A is no longer a separate entity that works only with the finance department. And then of course, there is the automation aspect. This process culminates in finding a solution that is the right price, fits the company’s needs, and will provide a high level of ROI sooner rather than later. But all of that has changed. ,

Small Business 95

Small Business Finance Automation AI 95

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. It also helps us to prioritize tasks and automate reminders, reducing the need for manual follow-ups and repetitive requests.

Reconciliation 59

Reconciliation Close Processes Accounts Audit 59

Nanonets

JUNE 27, 2024

Reconciliation is a crucial accounting process that ensures the accuracy of the financial close process. Bank reconciliation is essential since it helps in the early detection of fraud, prevents financial statement errors during manual data entry, and provides a clearer picture of the company's finances.

Reconciliation 40

Reconciliation Accounts Adjustments Checks 40

Nanonets

SEPTEMBER 22, 2023

On the other hand, an efficient  accounts payable process  can significantly improve your business's efficiency and  profitability. By implementing  best practices  and leveraging automation tools, you can maximize the potential of your  accounts payable department.

Accounts 40

Accounts Best Practices Automation Compliance 40

PYMNTS

JANUARY 20, 2021

But in real estate closings, he added, “there’s a dozen different people involved with complex interlocking interests, and so it’s been very hard to pull them forward.”. Selling Automation. At the same time, he said Qualia is “enabling that Amazon checkout experience” for home buyers.

Automation 88

Automation Process Transactions Close Processes 88

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. Automate your General Ledger The general ledger is the backbone of your company's financial records.

Automation 52

Automation Payment APIs and Integration Accounts Transactions 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.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 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. What is Accounts payable automation or AP automation?

Automation 52

Automation Payment APIs and Integration Accounts Audit 52

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. We'll also discuss how to set up efficient GL coding processes in your team, and explore GL coding automation software. What are GL Codes?

Transactions 52

Transactions Audit Accounts Automation 52

The Finance Weekly

AUGUST 30, 2022

FP&A is no longer a separate entity that works only with the finance department. And then of course, there is the automation aspect. This process culminates in finding a solution that is the right price, fits the company’s needs, and will provide a high level of ROI sooner rather than later. But all of that has changed. ,

Small Business 52

Small Business Finance Automation AI 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

Nanonets

MARCH 12, 2024

Record-to-Report (R2R) is a critical finance management process in corporate finance, which focuses on collecting, processing, and delivering accurate financial data. Closing: Finalizing reports and closing the books for the period. It serves several purposes - 1.

Process 52

Process Finance Reconciliation Compliance 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. What is Accounts Payable Automation?

Automation 52

Automation Accounts Payment APIs and Integration Process 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.    BlackLine is a cloud-based financial automation platform designed to streamline and modernize accounting and finance processes.

Reconciliation 52

Reconciliation Accounts Audit Automation 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. Following the close, many businesses will also need to open their accounts up for auditors – who will rigorously check their accuracy.

Reconciliation 52

Reconciliation Audit Automation Accounts 52

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. You want to simplify your life, not complicate it.

Payment APIs and Integration 52

Payment APIs and Integration CRM Automation Multi-Currency 52

The Finance Weekly

OCTOBER 13, 2021

To alleviate this concern, finance teams should employ scenario modeling and financial planning tools to compare the immediate expense of the move to the long-term income potential. It's critical that everyone from HR and finance to engineering and sales is involved in the innovation process for your business model transition to be effective.

Risk Management 52

Risk Management Automation Risk Close Processes 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

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 Automation 52

Nanonets

FEBRUARY 8, 2024

The practice of ERP integrations is growing; by connecting your ERP to other business systems within your organization, you can boost your analytical capabilities, optimize cross-functional processes, and even automate some of the more time-consuming tasks that your employees do regularly. What is ERP Integration?

Payment APIs and Integration 52

Payment APIs and Integration Automation CRM API 52

Nanonets

JULY 21, 2023

This process involves comparing general ledger accounts with supporting documents using reconciliation software to identify discrepancies and take corrective measures. The advent of automated reconciliation software has revolutionized this process, serving as a transformative solution. What is reconciliation software?

Reconciliation 52

Reconciliation Payment APIs and Integration Automation Audit 52

The Finance Weekly

JUNE 17, 2024

Financial planning and analysis (FP&A) is important in automating all of the manual tasks in the finance department and giving everyone greater insights into the data. Overview of Planful Planful is a cloud-based software designed to empower finance, accounting, and business users with a range of financial applications.

AI 52

AI Addressing Automation Finance 52

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