FloQast

NOVEMBER 11, 2024

In every accounting department I’ve been a part of, a crucial period rolls around at the end of each month: the month-end Close. The month-end close process is the culmination of a month’s worth of financial transactions, when all hands are on deck to ensure the company’s financial records are accurate and up-to-date.

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EBizCharge

NOVEMBER 11, 2024

The reconciliation process helps identify discrepancies between the records, such as between a company’s bank statement and its cash balance in the accounting system. Accounting reconciliation is critical for maintaining financial accuracy and involves different types, such as bank and credit card reconciliation.

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Nanonets

MARCH 27, 2023

Mortgage automation is revolutionizing the way lenders process loans, with advanced technology solutions helping to streamline and speed up the process. In this blog post, we'll explore the benefits of mortgage automation, the role of OCR technology in the process, and how Nanonets can help streamline the workflow.

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Nanonets

APRIL 11, 2023

But in recent years, advancements in technology have paved the way for digitizing this process, which has revolutionized the lending industry by streamlining processes and improving operational efficiency. Manual compliance processes increase the risk of non-compliance and may result in costly fines or penalties.

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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.

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Nanonets

MARCH 26, 2023

Mortgage processing automation helps companies reduce the manual workload involved in mortgage origination and processing, in order to improve accuracy and efficiency. In this post, we will explore how mortgage processing automation using Nanonets and OCR technology can improve your business. What is mortgage processing?

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Nanonets

MARCH 12, 2024

Regulatory Compliance and Accuracy Adherence to financial regulations is non-negotiable, and the R2R process ensures organizations stay compliant while maintaining the accuracy of their financial reports. Reconciliation: Reconciliation involves manually checking the records against bank statements and receipts.

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