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

PYMNTS

DECEMBER 16, 2016

Yet, in this most crucial of processes, inefficiencies exist, so much so that timeliness lags. At the same time, the executive noted, as many as two-thirds of respondents said that they work with some form of packaged accounting software, which speaks to some automation.

Automation 74

Automation Process Reconciliation Close Processes 74

FloQast

FEBRUARY 14, 2024

In the fast-paced finance and accounting world, keeping up with regulations and ensuring a smooth Close are crucial organizational processes. With its Close operating smoothly, a.k.a Brands , Brandon Peters, optimize processes, streamline compliance efforts, and boost efficiency. Brands’ accounting procedures.

Compliance 93

Compliance Reconciliation Close Processes Automation 93

Nanonets

APRIL 24, 2023

PDF → Excel Convert PDF bank statements to Excel  Try for Free Loan origination is the process of applying for and obtaining a loan, including all the steps and activities that are involved in evaluating, approving, and disbursing the loan. Stage 6: Closing This is the final step in the loan origination process.

Origination 52

Origination Process Underwriting Automation 52

Nanonets

APRIL 11, 2023

The loan origination process has historically been a complex and time-consuming endeavor for both commercial lenders and borrowers. But in recent years, advancements in technology have paved the way for digitizing this process, which has revolutionized the lending industry by streamlining processes and improving operational efficiency.

Origination 52

Origination Automation Risk Assessment Underwriting 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 101

Close Processes Finance Process Automation 101

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. There will also be automated responses to vendor and supplier inquiries about invoice payment status, approval status and short pay issues, the release stated.

Automation 70

Automation Finance Correspondent Close Processes 70

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

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 85

Close Processes Best Practices Accounts Process 85

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

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

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

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. For corporations that continue to rely on paper and manual processes, this challenge is significantly elevated.

Close Processes 87

Close Processes Finance Automation Process 87

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

FloQast

MARCH 27, 2024

A few weeks ago, we looked at the specific challenges surrounding the reconciliation process. This allows teams to capture best practices to ensure consistency and change processes as their organization scales. This is, of course, precisely why reconciliations are so core to the accounting function. Simply put: Not all recs tie out.

Reconciliation 89

Reconciliation Audit Accounts Best Practices 89

Nanonets

JUNE 14, 2024

Balance sheet reconciliation is a critical financial process that aligns the financial statements with external documentation such as bank statements, invoices, and general ledger entries. These involve check-marking, the ability to adjust balances, and documenting any findings during the balance sheet reconciliation process.

Reconciliation 52

Reconciliation Adjustments Automation Accounts 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. Banking errors: Checks or ACH transfers are recorded on dates different from the processing date.

Reconciliation 52

Reconciliation Best Practices Adjustments Correspondent 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. Additionally, automation can help businesses stay compliant with regulations and standards.

Accounts 52

Accounts Payment APIs and Integration Automation Process 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

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

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

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

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. Easy access to customer information and history will expedite the process. Work order management and preventative maintenance will be included in the program’s arsenal.

Close Processes 56

Close Processes Automation Process Finance 56

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

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

JUNE 27, 2024

Reconciliation is a crucial accounting process that ensures the accuracy of the financial close process. Bank Reconciliation Definition Bank Reconciliation is the process of matching each balance on the accounting records to the balance noted on the bank statement. Why is it Important to Reconcile your Bank Account?

Reconciliation 40

Reconciliation Accounts Adjustments Checks 40

PYMNTS

JANUARY 20, 2021

Even though legal real estate transactions have been happening for centuries, the basic process itself is every bit as complex today as it has ever been, with very little of the digital disruption that’s transformed countless other industries. Selling Automation. Buying a house is so 1980s. And that’s a problem. That’s just a lot.”.

Automation 88

Automation Process Transactions Close Processes 88

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

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

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. “We

Accounts 45

Accounts Bots Cash Management Automation 45

The Finance Weekly

APRIL 12, 2022

When it comes to the annual budgeting process, building a rapport with these department heads will go a long way. Evaluate current financial processes Although number four on the list, this one could be a standalone white paper or blog post in itself. Budgeting and resource allocation are two processes worth mentioning.

Finance 98

Finance Process Accounts On-Demand 98

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. Not surprisingly, the AP automation market is expected to increase substantially in the coming years.

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

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

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. Data Processing: Transactions are classified, sorted, and recorded in the appropriate accounts. It serves several purposes - 1.

Process 52

Process Finance Reconciliation Compliance 52

Nanonets

APRIL 5, 2024

Tipalti and Airbase are powerful AP automation platforms that can seriously streamline financial processes. Airbase comparison will give you the insights you need to choose the right AP automation solution for you. This makes it an attractive choice for businesses looking to streamline their spend management processes.

Automation 52

Automation Multi-Currency Compliance Process 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? What exactly are these challenges?

Automation 52

Automation Accounts Payment APIs and Integration Process 52