The Finance Weekly

NOVEMBER 3, 2021

Data sources used to reconcile and compensate account balances include sub-ledgers for HR and fixed assets, bank statements and schedules of payable and receivable accounts. Inter-company transactions, currency exchange rates and various non-cash activities only complicate things in an already complex, time-consuming process.

Reconciliation 52

Reconciliation Automation Accounts Finance 52

The Finance Weekly

AUGUST 30, 2022

FP&A is no longer a separate entity that works only with the finance department. FP&A software can be pricey so finding one that won’t break the bank, yet still provides a high level of value, can be a challenge for small companies on a tight budget. This is in addition to supporting financial close processes.

Small Business 95

Small Business Finance Automation AI 95

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. This process is known as the financial close.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

Nanonets

MARCH 26, 2023

The lender will also typically request documentation to verify the information provided in the application, such as pay stubs, tax returns, bank statements, and credit reports. Document processing and underwriting : Document processing and underwriting can be automated, reducing the time it takes to review and approve mortgage applications.

Automation 52

Automation Process Underwriting Fraud Detection 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. How to Assign GL Codes?

Transactions 52

Transactions Audit Accounts Automation 52

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

AUGUST 30, 2022

FP&A is no longer a separate entity that works only with the finance department. FP&A software can be pricey so finding one that won’t break the bank, yet still provides a high level of value, can be a challenge for small companies on a tight budget. This is in addition to supporting financial close processes.

Small Business 52

Small Business Finance Automation AI 52