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

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 104

Close Processes Compliance Automation Risk 104

Paystand

MARCH 13, 2024

Month-end close—the two words that strike fear into the hearts of finance teams everywhere. It's the time-consuming, stress-inducing process that every business dreads. Month-end close is the finalization of all financial transactions and reports at the end of each month. Let's start with the basics.

Finance 52

Finance Close Processes Process Transactions 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. We have great visibility into when tasks and reconciliations are occurring, who is doing them, and where the bottlenecks are.

Continuity 87

Continuity Reconciliation Finance Accounts 87

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

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

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

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

DECEMBER 18, 2023

We have great visibility into when tasks and reconciliations are occurring, who is doing them, and where the bottlenecks are. The ability for FloQast to systematically ensure that the Excel reconciliations agree to our ERP and remain in balance has been a game changer for reviewers. Implementation was also a breeze.

Reconciliation 59

Reconciliation Close Processes Accounts Audit 59

Nanonets

MAY 6, 2024

Spreadsheets like Excel have long been a staple for account reconciliation , but their limitations are becoming increasingly evident. By replacing outdated manual processes with automated workflows, BlackLine enables finance professionals to focus on strategic initiatives and decision-making rather than mundane, time-consuming tasks.  

Reconciliation 52

Reconciliation Accounts Audit Automation 52

Nanonets

JUNE 24, 2024

What is Credit Card Reconciliation? 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. Why Is Credit Card Reconciliation Important? How to do Credit Card Reconciliation?

Reconciliation 52

Reconciliation Credit Cards Correspondent Automation 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. The new program is available on the Sage Intacct Marketplace and will work to instantaneously grab data from the reconciliation and close phases of a deal.

Reconciliation 64

Reconciliation Close Processes Process Returns 64

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

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

Nanonets

JUNE 18, 2024

Introduction to Account Reconciliation Account reconciliation is the critical process of comparing your general ledger with internal and external sources. Account Reconciliation can be a fairly manual task, especially right before the monthly close. Why is Account Reconciliation so Important?

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52

Nanonets

JULY 21, 2023

To ensure the integrity of financial data, accountants and bookkeepers rely on the general ledger account reconciliation process. This process involves comparing general ledger accounts with supporting documents using reconciliation software to identify discrepancies and take corrective measures.

Reconciliation 52

Reconciliation Payment APIs and Integration Automation Audit 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. Data Processing: Transactions are classified, sorted, and recorded in the appropriate accounts. It serves several purposes - 1.

Process 52

Process Finance Reconciliation Compliance 52

Nanonets

APRIL 24, 2023

Automate your mortgage processing, underwriting, fraud detection, bank reconciliations or accounting processes with a ready-to-use custom workflow. 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.

Origination 52

Origination Process Underwriting Automation 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

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. Sign up on  app.nanonets.com.

Automation 52

Automation Payment APIs and Integration Accounts Transactions 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

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

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

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 Reconciliation 47

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. Its key features include multi-entity and multi-subsidiary support, global payment processing, and advanced tax compliance capabilities.

Automation 52

Automation Multi-Currency Compliance Process 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

FEBRUARY 26, 2024

Finance teams are well aware of the tedious and error-prone nature of manual accounts payable processes. Today, you can automate these processes using accounts payable automation solutions and optimise accounts payable for your finance teams. In essence, accounts payable forms the backbone of your finance operations.

Automation 52

Automation Accounts Payment APIs and Integration Process 52

FloQast

DECEMBER 13, 2023

The purpose of the SPE was to secure financing from the bank and then transfer the cash to Enron for fictitious asset sales. And internal controls are in place throughout all departments of an organization, not just the accounting and finance departments. The CFO must be involved in the risk assessment.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52