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

MARCH 25, 2024

And solutions that are easy to implement help businesses mitigate the cost of traditional close processes and enhance performance. Automation can reduce the time to close by 26 % or more. This increases the time it takes to close and adds more pressure to workloads during this process. Take SOX as one example.

Close Processes 105

Close Processes Compliance Automation Risk 105

FloQast

FEBRUARY 14, 2024

Revolutionizing Accounting Processes FloQast’s influence stretched beyond SOX compliance, positively impacting a.k.a Brands’ accounting procedures. With FloQast’s close management capabilities in place, the finance team optimized their close process and achieved greater efficiency.

Compliance 105

Compliance Reconciliation Close Processes Automation 105

Nanonets

MAY 6, 2024

Plus, the inability to identify the individuals responsible for the latest document updates creates a lack of accountability for project stakeholders and can even compromise security measures. Traditional manual reconciliation processes involving spreadsheets are error-prone, time-consuming, and lack comprehensive visibility.

Reconciliation 52

Reconciliation Accounts Audit Automation 52

EBizCharge

NOVEMBER 11, 2024

Regular reconciliation also makes the month-end and year-end closing processes smoother. Standardize procedures: Establish a standardized, documented reconciliation process with clear steps, timelines, and responsibilities. This consistency improves accuracy and ensures everyone follows the same protocols.

Reconciliation 52

Reconciliation Best Practices Non-Bank Audit 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

APRIL 11, 2023

Pain Points in the Loan Process and the Cost of Loan Origination The traditional loan origination process is riddled with pain points and inefficiencies, which contribute to higher costs, longer processing times, and increased risk. This includes borrower information, income, and other relevant details required for underwriting.

Origination 52

Origination Automation Risk Assessment Underwriting 52