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

PYMNTS

APRIL 10, 2020

Financial technology innovation has opened the doors to massive transformation of corporate finance departments. 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have rarely focused on a mainstay of corporate finance teams: the financial close process, a crucial, but continually outdated function.

Close Processes 87

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. Our Close went from 12 days down to 6.”

Reconciliation 52

Reconciliation Close Processes Compliance Audit 52

Nanonets

FEBRUARY 8, 2024

Among finance professionals and business leaders, AP automation is quickly shifting from an exploratory endeavor to a key strategic priority. Tipalti is a finance automation platform that has been around since 2010. Paving the way during the early days of finance automation efforts, Tipalti has evolved with the needs of its users.

Finance 52

Finance Automation Multi-Currency Accounts 52

The Finance Weekly

NOVEMBER 3, 2021

Inter-company transactions, currency exchange rates and various non-cash activities only complicate things in an already complex, time-consuming process. Due to the inefficiencies and error proneness of account reconciliation through traditional processes, finance teams should automate through , new technologies in the industry.

Reconciliation 52

Reconciliation Automation Accounts Finance 52

FloQast

JULY 9, 2024

With its seventh consecutive quarter at the top spot, FloQast demonstrates not just consistency but also a deep understanding of the evolving needs of finance and accounting professionals. I would recommend FloQast to anyone who is looking to streamline and optimize their close process!” Implementation was also a breeze.

Continuity 87

Continuity Reconciliation Finance Accounts 87

The Finance Weekly

APRIL 12, 2022

For many accounting and finance professionals, being a chief financial officer (CFO) is a career highlight. Taking that next step towards the finance executive table, whether you have 10, 20, or even 30 years of expertise in finance, is no easy task. However, getting there is only the start of the journey.

Finance 98

Finance Process Accounts On-Demand 98

Nanonets

JUNE 13, 2024

Timely completion of the financial close process helps stakeholders in decision making and reporting. With regular reconciliations finance teams are able to avoid cash flow discrepancies, timing differences, and missing transactions so that the entire company remain compliant with mandatory regulatory requirements.

Reconciliation 52

Reconciliation Automation Accounts Close Processes 52

FloQast

APRIL 4, 2024

With its sixth consecutive quarter at the top spot, FloQast demonstrates not just consistency but also a deep understanding of the evolving needs of finance and accounting professionals. Users point to FloQast’s effectiveness in meeting the evolving needs of finance and accounting professionals and user experience in particular.

Reconciliation 68

Reconciliation Finance Accounts Small Business 68

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. Trintech, headquartered in Dallas, Texas, works with cloud-based solutions to innovate in the finance sector.

Reconciliation 64

Reconciliation Close Processes Process Returns 64

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. One-stop shop for all support results in easier audits. Implementation was also a breeze.

Reconciliation 59

Reconciliation Close Processes Accounts Audit 59

PYMNTS

OCTOBER 20, 2020

The release says this will allow MineralTree customers to save "substantial" time for finance staff, and cut costs on payment processing while doing away with overcharges and double payments. Trintech made the program for its Adra Suite and it became available via the Sage Intacct Marketplace.

Automation 52

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.

Close Processes 56

Close Processes Automation Process Finance 56

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

Nanonets

JUNE 14, 2024

Challenges of Balance Sheet Financial Close The reconciliation process during the financial close can be challenging for finance teams due to disconnected data sources, a lack of automation, and the sheer volume of transactions. These involve a tremendous amount of work to be managed on spreadsheets.

Reconciliation 52

Reconciliation Adjustments Automation Accounts 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 million in venture capital seed financing. The idea behind the startup is to streamline the process once a person finds a home to purchase. “We

Close Processes 51

Close Processes NOV Addressing Process 51

The Finance Weekly

AUGUST 30, 2022

FP&A is no longer a separate entity that works only with the finance department. This process culminates in finding a solution that is the right price, fits the company’s needs, and will provide a high level of ROI sooner rather than later. This is in addition to supporting financial close processes. 2 Prophix.

Small Business 95

Small Business Finance Automation AI 95

PYMNTS

SEPTEMBER 21, 2017

“In an era of new business models and changing accounting standards, accounting professionals need automation [software] so that they can deliver fast, correct and smooth close processes,” said Carla Cooper, the firm’s Advisory Board Member, in another statement.

Accounts 45

Accounts Bots Cash Management Automation 45

Nanonets

JUNE 27, 2024

Reconciliation is a crucial accounting process that ensures the accuracy of the financial close process. Bank reconciliation is essential since it helps in the early detection of fraud, prevents financial statement errors during manual data entry, and provides a clearer picture of the company's finances.

Reconciliation 40

Reconciliation Accounts Adjustments Checks 40

Nanonets

MARCH 12, 2024

Record-to-Report (R2R) is a critical finance management process in corporate finance, which focuses on collecting, processing, and delivering accurate financial data. Closing: Finalizing reports and closing the books for the period. It serves several purposes - 1.

Process 52

Process Finance Reconciliation Compliance 52

Nanonets

JANUARY 31, 2024

Month-end close is a widely accepted accounting standard that is aimed at keeping an accurate set of financial records and detecting errors/fraud. Month-end reconciliation is the most important part of the month-end close process. It involves recording, reviewing, and reconciling records at the end of every month.

Reconciliation 52

Reconciliation Best Practices Adjustments Correspondent 52

The Finance Weekly

AUGUST 30, 2022

FP&A is no longer a separate entity that works only with the finance department. This process culminates in finding a solution that is the right price, fits the company’s needs, and will provide a high level of ROI sooner rather than later. This is in addition to supporting financial close processes. 2 Prophix.

Small Business 52

Small Business Finance Automation AI 52

Nanonets

MARCH 26, 2023

Additionally, the borrower will need to provide information about the property being financed, including its location, purchase price, and any previous liens or mortgages on the property. Closing and post-closing processes : OCR technology can streamline closing and post-closing processes, such as document preparation and record-keeping.

Automation 52

Automation Process Underwriting Fraud Detection 52

PYMNTS

JANUARY 20, 2021

But in real estate closings, he added, “there’s a dozen different people involved with complex interlocking interests, and so it’s been very hard to pull them forward.”. It also announced the acquisition of Adeptive, the developer of ResWare, a title and escrow production software well known within the real estate industry. “The

Automation 88

Automation Process Transactions Close Processes 88

Nanonets

JUNE 23, 2023

Balance sheet reconciliation is a critical process in finance and accounting that ensures the accuracy and integrity of financial statements. While it may seem like a straightforward process, there are common mistakes that can hinder the effectiveness of balance sheet reconciliation.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

Nanonets

FEBRUARY 14, 2024

Think of these codes as the secret sauce that helps businesses organize their finances, making sure every dollar spent or earned is tracked accurately. The result is a faster, more efficient close process that also saves up your time which can be better spent elsewhere. Embrace the future of finance with Nanonets.

Transactions 52

Transactions Audit Accounts Automation 52

Nanonets

APRIL 19, 2023

As a business owner, you are already juggling a multitude of tasks, but maintaining a firm grip on your finances is always the top priority. This eliminates the need for manually uploading information from receipts and matching the PO, receipts, and invoices, while automating book-keeping workflows and month-end close processes seamlessly.

Accounts 52

Accounts Payment APIs and Integration Automation Process 52

Nanonets

MAY 6, 2024

This article explores how leveraging a dedicated reconciliation software, BlackLine , not only minimises errors and enhances productivity by streamlining workflows and empowering finance professionals to focus on strategic initiatives.     What is BlackLine?  BlackLine

Reconciliation 52

Reconciliation Accounts Audit Automation 52

CB Insights

JUNE 3, 2020

Personal finance platform SoFi is proving particularly acquisitive as it looks to transform into a broader fintech holding company, first acquiring payments platform Galileo Money for $1.2B Looking further out, Covid-19 increases the need for centrally managed “autopilot” personal finance solutions.

Online and Mobile Banking 75

Online and Mobile Banking Volume On-Demand Underwriting 75

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. Why Modernise the Month-End Close?

Close Processes 52

Close Processes Compliance Audit Automation 52

The Finance Weekly

OCTOBER 13, 2021

To alleviate this concern, finance teams should employ scenario modeling and financial planning tools to compare the immediate expense of the move to the long-term income potential. It's critical that everyone from HR and finance to engineering and sales is involved in the innovation process for your business model transition to be effective.

Risk Management 52

Risk Management Automation Risk Close Processes 52

Nanonets

SEPTEMBER 22, 2023

The accounts payable team must also work closely with other departments, such as purchasing and finance, to ensure that all financial data is accurate and up-to-date. A: An accounts payable system is a software solution that automates and streamlines the accounts payable process. Q: What is an accounts payable system?

Accounts 40

Accounts Best Practices Automation Compliance 40

Nanonets

APRIL 24, 2023

Get Started Schedule a Demo The loan origination process Loan origination is a 7 step process that every individual must go through to obtain a mortgage or home loan. Stage 6: Closing This is the final step in the loan origination process. The term also applies to other types of amortized personal loans.

Origination 52

Origination Process Underwriting Automation 52

The Finance Weekly

APRIL 28, 2024

These let you link up your accounting and finance software with all the top business apps out there. Quickbooks Online Overview QuickBooks Online is an accounting software that lets companies, big or small, handle finances from anywhere with an internet connection.

Payment APIs and Integration 52

Payment APIs and Integration CRM Automation Multi-Currency 52

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. Following the close, many businesses will also need to open their accounts up for auditors – who will rigorously check their accuracy.

Reconciliation 52

Reconciliation Audit Automation Accounts 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.

Close Processes 47

Close Processes Innovation FinTech Accounts 47

Nanonets

FEBRUARY 28, 2024

Whether you're a small business owner, a finance professional, a CFO, or simply curious about the financial operations of a business, this blog series promises to equip you with a thorough understanding of the General Ledger, its significance and it's effective implementation within a business.

Automation 52

Automation Payment APIs and Integration Accounts Transactions 52