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have rarely focused on a mainstay of corporate finance teams: the financial close process, a crucial, but continually outdated function.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

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 105

Compliance Reconciliation Close Processes Automation 105

The Paypers

APRIL 5, 2020

Trintech , a global provider of integrated Record to Report software solutions for the office of finance, has teamed up with Sage to help companies boost the financial close processes.

Close Processes 28

Close Processes Process Finance 28

FloQast

JANUARY 22, 2025

From automating the close process to enhancing real-time data analysis, our AI-powered solutions are designed to make accounting teams more efficient, accurate, and ready to tackle modern challengesall without sacrificing security or control.

ISOs 105

ISOs AI Accounts Audit 105

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 86

Reconciliation Audit Close Processes Compliance 86

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 105

Posting Close Processes Compliance Facilitators 105

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. “Now we know exactly what’s going on, what’s been reconciled, and what we need to prioritize.”

Accounts 105

Accounts Reconciliation Compliance Close Processes 105

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

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 80

Reconciliation Close Processes Audit Compliance 80

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? What reports are expected from management and the board? How often and detailed are you forecasting? What is the company’s approach to budgeting?

Finance 245

Finance Process Accounts On-Demand 245

The Finance Weekly

OCTOBER 13, 2021

Organizations may , eliminate many of the manual processes that stymie a company's ability to accomplish a speedy financial closure by employing AI and machine learning to automate financial close processes including account reconciliation and reporting. Think through the “extended” process.

Risk Management 130

Risk Management Risk Automation Close Processes 130

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

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

PYMNTS

SEPTEMBER 18, 2020

The company provides sellers with a closing process that takes 45 days, which is “built on a commitment to fair, market-value offers and ethical, transparent negotiations,” according to the announcement.

Non-Bank 85

Non-Bank Close Processes Acquirers Economy 85

Paystand

NOVEMBER 17, 2023

It offers a 79% reduction in close time and lays the groundwork for a closing process that redefines industry standards. Explore how Sage Intacct's reporting and integrations herald a new era of financial management.

Close Processes 52

Close Processes Process 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

FloQast

OCTOBER 13, 2024

He sought a more efficient alternative to Excel checklists, which were cumbersome for managing month-end close processes. Discovering FloQast Jonathon’s introduction to FloQast’s Accounting Transformation Platform dates back to 2016, when he was a group financial controller.

Accounts 98

Accounts Close Processes Innovation Process 98

Paystand

MARCH 13, 2024

But fear not—this guide will explore improving your month-end close process, streamlining your financial operations, and making life easier for your finance team. It involves reconciling accounts, reviewing financial statements, and preparing reports to analyze your business's financial health.

Finance 52

Finance Close Processes Process Transactions 52

PYMNTS

DECEMBER 1, 2016

JetClosing, the real estate startup focused on making the closing process on a new home less complex, announced Wednesday (Nov. 30) it has closed on $2.3 The idea behind the startup is to streamline the process once a person finds a home to purchase. “We million in venture capital seed financing.

Close Processes 51

Close Processes NOV Addressing Process 51

FloQast

NOVEMBER 18, 2024

.● FloQast Journal Entry Management — FloQast Journal Entry Management streamlines the entire journal entry process by automating workflows and seamlessly integrating with various ERPs, providing real-time visibility and control over entries across multiple entities.

Compliance 98

Compliance Automation AI Product 98

PYMNTS

SEPTEMBER 23, 2020

There will also be automated responses to vendor and supplier inquiries about invoice payment status, approval status and short pay issues, the release stated. Intelligent Planning helps boost accurate cash flow predictions, which in turn can bolster sustainable growth through well-placed strategy, the release noted.

Automation 70

Automation Finance Correspondent Close Processes 70

FloQast

SEPTEMBER 4, 2024

For The Joint Chiropractic (NASDAQ: JYNT), 2021 marked a pivotal year as they embarked on a journey to enhance their accounting operations by integrating FloQast into their processes. The impact proved transformative, dramatically improving their Close process , enhancing workflow visibility, and expediting reporting.

Compliance 98

Compliance Automation Accounts Audit 98

FloQast

OCTOBER 30, 2024

These applications can be leveraged to enhance the close process in FloQast by fully automating sub-ledger tie-outs, end-to-end journal entry management, checklist sign-offs, reconciliations, AI-driven matching, and more.

Automation 98

Automation Accounts Process AI 98

The Finance Weekly

APRIL 28, 2024

With data as the core, insightsoftware automates processes, gives reliable insights, enhances predictability, and boosts productivity. Key Features It has automated consolidation features which accelerate the close process by automating all the manual data collection.

Payment APIs and Integration 130

Payment APIs and Integration CRM Automation Multi-Currency 130

PYMNTS

APRIL 5, 2020

Record to Report software provider Trintech has partnered with Sage in order to collaborate on new, speedier financial close processes, a press release states.

Reconciliation 64

Reconciliation Close Processes Process Returns 64

The Finance Weekly

NOVEMBER 3, 2021

To provide a complete and accurate picture of a company’s financial performance, account reconciliation must be treated as a priority and critical path in the period-end close process. Finance teams must adopt some sort of method to improve accuracy, enhance efficiency, and ensure greater security in the account reconciliation process.

Reconciliation 130

Reconciliation Automation Accounts Finance 130

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

FloQast

APRIL 7, 2024

In this article, we will look at best practices for enhancing your close and how automated software tools can help you reduce completion times. Other companies may consider the close complete after the general ledger lock, while others extend that to include general ledger lock and reconciliations.

Best Practices 52

Best Practices Reconciliation Close Processes Automation 52

The Finance Weekly

AUGUST 30, 2022

This is in addition to supporting financial close processes. It provides both on-premise and cloud solutions to support modeling, profitability analysis, dashboards, and performance reporting.

Small Business 239

Small Business Finance Automation AI 239

FloQast

SEPTEMBER 16, 2024

This has minimized administrative burdens and significantly improved our close process, making it more efficient and cohesive.” — Mike Mansfield, CPA (Inactive) The streamlined processes have reduced administrative burdens and significantly enhanced visibility, leading to improved compliance and operational efficiency across their global teams.

Compliance 81

Compliance Procedures Reconciliation Professional Development 81

FloQast

MARCH 27, 2024

Some are fully understood items that need a correction in the general ledger, while others require further investigation outside of the Close process. Simply put: Not all recs tie out.

Reconciliation 105

Reconciliation Audit Accounts Best Practices 105

PYMNTS

APRIL 13, 2020

Such integration and speeding up of processes are the norms these days as people work to make technology flow in a way that works out the kinks and cuts out unnecessary third parties and middlemen. 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

The Fintech Times

OCTOBER 26, 2024

“The strength of Propy Crypto Escrow lies in its ability to safeguard funds during the closing process, offering unprecedented security to both buyers and sellers,” said Natalia Karayaneva, CEO of Propy.

Facilitators 64

Facilitators Transactions Security Cryptocurrency 64

PYMNTS

APRIL 22, 2020

In separate news, Trintech , the reporting software provider, has teamed with Sage to work on a new and faster financial close processes. The company plans to hold a virtual rollout for CFOs, founders and investors on Thursday (April 23).

Accounts 52

Accounts Reconciliation Close Processes Process 52

FloQast

JULY 9, 2024

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.

Continuity 104

Continuity Reconciliation Accounts Finance 104

PYMNTS

OCTOBER 20, 2020

Earlier this year, Sage teamed with Trintech , the record to report software, to debut new financial close processes with better speed, working to grab data instantly from the reconciliation and close phases of a deal. Trintech made the program for its Adra Suite and it became available via the Sage Intacct Marketplace.

Automation 52

Automation Procedures Reconciliation Close Processes 52

PYMNTS

JUNE 10, 2020

The desire to digitize the real estate closing process is not new. Electronic real estate closings, or eClosings, have been available since the early 2000s. Such tools allow the entire closing process to be done online, enabling consumers to access the digital services they need while physical notary sessions remain restricted.

Legal 52

Legal Money Laundering On-Demand Legal Framework 52