Nanonets

JULY 24, 2023

Finance reconciliation plays a pivotal role in ensuring the reliability and accuracy of a business's financial records.   Financial reconciliation is a recurring process that encompasses various sources of financial information within a business. What is finance reconciliation?

Reconciliation 52

Reconciliation Finance Duplicate Accounts 52

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

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

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

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

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

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

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 91

Continuity Reconciliation Accounts Finance 91

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

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

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

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

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

FloQast

OCTOBER 30, 2024

FloHub is a centralized library of third-party applications frequently used by accounting and finance teams to manage different aspects of their workflows.

Automation 90

Automation Accounts Process AI 90

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 71

Reconciliation Accounts Finance Small Business 71

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

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

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

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. ” Propy’s service comes as the $43trillion US real estate market sees increasing interest from crypto holders.

Facilitators 64

Facilitators Transactions Security Cryptocurrency 64

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

PYMNTS

DECEMBER 3, 2020

They're concepts that naturally extend in the back office and into 6Sense's own workflows, particularly when it comes to finances. Indeed, Goldenberg agreed that it's important for finance teams to be strategic about the tools they choose to implement. There need to be specific outcomes from that process that you're targeting.".

B2B 72

B2B Checks Mitigation Process 72

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

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

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

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

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

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

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

The Finance Weekly

JUNE 17, 2024

Financial planning and analysis (FP&A) is important in automating all of the manual tasks in the finance department and giving everyone greater insights into the data. Overview of Planful Planful is a cloud-based software designed to empower finance, accounting, and business users with a range of financial applications.

AI 52

AI Addressing Automation Finance 52

Nanonets

NOVEMBER 27, 2023

Netting in finance can work a few different ways, but no matter the netting process used, the goal is to reduce financial risks for all parties involved. Different business scenarios will require a specific netting process.    Settlement Netting A very common netting process is settlement netting.

Payment Amount 52

Payment Amount Venmo Settlement Process 52

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

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?

Reconciliation 52

Reconciliation Credit Cards Correspondent Automation 52

Nanonets

APRIL 5, 2024

Whether you're a finance pro, a decision-maker, or a business owner, this in-depth Tipalti vs. Airbase comparison will give you the insights you need to choose the right AP automation solution for you. Easy customization Streamline your financial close process with Nanonets' built-in reconciliation and verification tools.

Automation 52

Automation Multi-Currency Compliance Process 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

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

Nanonets

JUNE 18, 2024

Account reconciliation also helps improve transparency and visibility throughout the financial close process. It reduces the risk of misstatement, which hinders a faster financial close, which is critical for decision-making and stakeholders. Accounting firms typically spend 2-3 days on average doing manual reconciliations.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 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