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. “I never want to manage a month-end Close again without FloQast,” Jake stated emphatically. .” This is where FloQast stepped in.

Compliance 104

Compliance Close Processes Audit Automation 104

Nanonets

MARCH 20, 2023

What is the accounts payable process? The accounts payable process of a company is the management of its short-term payment obligations to vendors/suppliers. Accounts payable processing ensures timely payments to suppliers and vendors. Businesses might even occasionally opt for accounts payable outsourcing.

Process 52

Process Accounts Automation Checks 52

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. Looking to automate your manual 3 way match processes?

Accounts 52

Accounts Automation Duplicate Process 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.   Automation tools mitigate the risks associated with manual reconciliation processes by automating repetitive tasks and providing robust error-checking mechanisms.

Reconciliation 52

Reconciliation Accounts Audit Automation 52

Nanonets

JUNE 24, 2024

Credit card reconciliation is the process of ensuring that the credit card transactions match the internal general ledger. Credit cards have made it easier for businesses to process payments. After this bring in the controllers or the designated finance managers who can review and provide the approval for the entire process.

Reconciliation 52

Reconciliation Credit Cards Correspondent Automation 52

Nanonets

JUNE 18, 2024

Introduction to Account Reconciliation Account reconciliation is the critical process of comparing your general ledger with internal and external sources. Bank service fees, deposits in transit, outstanding checks, and interest rates must be factored into the reconciliation process. Retain all supporting documentation.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52

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