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.

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Reconciliation Close Processes Accounts Transactions 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.

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Close Processes Best Practices Accounts Process 96

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.

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Compliance Reconciliation Close Processes Automation 104

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.

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Reconciliation Audit Close Processes Compliance 52

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.

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Close Processes Process 52

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.

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Posting Close Processes Compliance Facilitators 105

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.

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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.

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Close Processes Finance Automation Process 87

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.

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Reconciliation Close Processes Compliance Audit 52

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.”

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Accounts Reconciliation Compliance Close Processes 104

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.

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Best Practices Reconciliation Close Processes Automation 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.

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Close Processes Compliance Audit Automation 52

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.

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Close Processes Innovation FinTech Reconciliation 47

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.

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Facilitators Transactions Security Cryptocurrency 64

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.

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Accounts Close Processes Innovation Process 97

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.

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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.

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Automation Accounts Process AI 97

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.

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Compliance Automation Accounts Audit 98

Nanonets

JUNE 13, 2024

Timely completion of the financial close process helps stakeholders in decision making and reporting. BlackLine BlackLine is a cloud-based software platform that automates and streamlines the financial close process. It can help businesses save time and money, reduce errors, and improve compliance.

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Reconciliation Automation Accounts Close Processes 52

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.

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Nanonets

MAY 6, 2024

Founded in 2001, BlackLine offers a comprehensive suite of solutions that empower organizations to automate traditionally manual and spreadsheet-intensive tasks, enhance accuracy, improve visibility, and optimize efficiency throughout the financial close process.  

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Reconciliation Accounts Audit Automation 52

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.

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Compliance Reconciliation Procedures Professional Development 61

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. They are always there for you (you won’t need it frequently), but this team is very bright, motivated, and always willing to help.”

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Reconciliation Close Processes Accounts Audit 59

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.

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Automation Process Reconciliation Close Processes 74

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.

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Automation Finance Correspondent Close Processes 70

Nanonets

MARCH 27, 2023

Underwriting : Underwriting is the process of assessing the borrower's creditworthiness, evaluating the risks and ensuring that the loan meets the lender's criteria. Closing : The closing process involves signing the final documents and transferring funds.

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Automation Regulatory Compliance Underwriting Origination 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.

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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.

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Reconciliation Close Processes Process Returns 64

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.

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Reconciliation Audit Accounts Best Practices 102

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.

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Automation Reconciliation Procedures Close Processes 52

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.

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Close Processes Automation Process Finance 56

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. FloQast organises not only my close workflow but that of my entire team. It makes it easy for me to see exactly where everyone is in the close process.

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Reconciliation Audit Automation Accounts 52

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).

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Accounts Reconciliation Close Processes Process 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?

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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.

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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.

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Continuity Reconciliation Finance Accounts 100

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.

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Risk Management Automation Risk Close Processes 52