FloQast

JUNE 12, 2024

Curis , a biopharmaceutical innovator based in Lexington, Massachusetts, faced challenges with their traditional, paper-heavy month-end Close process and compliance program. Streamlined workflows through automation and centralized documentation. This is where FloQast stepped in.

Compliance 100

Compliance Close Processes Audit Automation 100

Nanonets

MAY 10, 2023

That's why finance teams are increasingly adopting a 3 way match of vendor invoices as an essential step of their accounts payable process. By 3 way matching supporting documents, companies can detect duplicate, erroneous, or fraudulent payments to vendors. This is vital for managing spend and cash outflow.

Accounts 52

Accounts Automation Duplicate Process 52

Nanonets

JUNE 18, 2024

Matching and validating entries would mean data consolidation across sub-ledgers, vendor invoices, bank statements, receipts, and account receivables to ensure timely and accurate month-end and year-end closing of the financial books. Account Reconciliation can be a fairly manual task, especially right before the monthly close.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 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? But how do we go about this?

Reconciliation 52

Reconciliation Credit Cards Correspondent Automation 52

Nanonets

MAY 6, 2024

This results in scattered files, versioning issues, the need to track down stakeholders for missing information, the generation of duplicate datasets, and more. Traditional manual reconciliation processes involving spreadsheets are error-prone, time-consuming, and lack comprehensive visibility.

Reconciliation 52

Reconciliation Accounts Audit Automation 52

Nanonets

JULY 24, 2023

This essential practice involves comparing transactions and other financial activities with supporting documentation and resolving any discrepancies that may arise.   The source documents include invoices, receipts, and transaction statements.

Reconciliation 52

Reconciliation Finance Duplicate Accounts 52

Nanonets

MARCH 20, 2023

The management of accounts payable processes is critical to the efficient functioning of a business: It ensures prompt payment of bills, which is important for the creditworthiness of a company and helps establish healthy relationships with vendors. Schedule a Demo auto-collect documents into your AP workflow What is the AP workflow process?

Process 52

Process Accounts Automation Checks 52