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?

Automation 52

Automation Process Underwriting Fraud Detection 52

FloQast

FEBRUARY 14, 2024

In the fast-paced finance and accounting world, keeping up with regulations and ensuring a smooth Close are crucial organizational processes. With its Close operating smoothly, a.k.a Brands , Brandon Peters, optimize processes, streamline compliance efforts, and boost efficiency. Brands’ accounting procedures.

Compliance 93

Compliance Reconciliation Close Processes Automation 93

Nanonets

APRIL 24, 2023

PDF → Excel Convert PDF bank statements to Excel  Try for Free Loan origination is the process of applying for and obtaining a loan, including all the steps and activities that are involved in evaluating, approving, and disbursing the loan. Stage 6: Closing This is the final step in the loan origination process.

Origination 52

Origination Process Underwriting Automation 52

FloQast

AUGUST 22, 2024

(G&W ) , a major freight railroad operator with 115 railroads globally, was facing challenges in their month-end Close process, complicated by a pending ERP migration. FloQast offered immediate productivity gains, comprehensive ERP migration support, and a smooth implementation process, making it the ideal solution for G&W.

Reconciliation 52

Reconciliation Audit Close Processes Compliance 52

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.

Reconciliation 52

Reconciliation Close Processes Compliance Audit 52

PYMNTS

DECEMBER 16, 2016

Yet, in this most crucial of processes, inefficiencies exist, so much so that timeliness lags. The optimization of the accounting process, he said, is difficult at times with limited staff. And yet, it remains key to have access to, and reconciliation of, data that ranges from sales to travel expenses.

Automation 74

Automation Process Reconciliation Close Processes 74

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

Paystand

NOVEMBER 17, 2023

It offers a 79% reduction in close time and lays the groundwork for a closing process that redefines industry standards. Explore how Sage Intacct's reporting and integrations herald a new era of financial management.

Close Processes 52

Close Processes Process 52

PYMNTS

APRIL 10, 2020

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. For corporations that continue to rely on paper and manual processes, this challenge is significantly elevated.

Close Processes 87

Close Processes Finance Automation Process 87

FloQast

JANUARY 10, 2024

Embodying the spirit of “Small teams can do great things,” the team leaned on FloQast, streamlining their financial processes and ultimately setting the stage for a successful IPO. Streamlining the Month-End Close With 8.4 But Cricut’s small, but mighty, accounting team rose to the challenge.

Accounts 94

Accounts Reconciliation Compliance Close Processes 94

FloQast

SEPTEMBER 4, 2024

For The Joint Chiropractic (NASDAQ: JYNT), 2021 marked a pivotal year as they embarked on a journey to enhance their accounting operations by integrating FloQast into their processes. The impact proved transformative, dramatically improving their Close process , enhancing workflow visibility, and expediting reporting.

Compliance 92

Compliance Automation Accounts Audit 92

FloQast

SEPTEMBER 16, 2024

Faced with decentralized processes, they sought a solution that could unify and streamline their operations. Reduced administrative burdens, leading to streamlined processes. This choice ensured that Oregon Tool could maintain control over their processes without unnecessary complexity.

Compliance 53

Compliance Reconciliation Procedures Professional Development 53

Nanonets

JUNE 13, 2024

Timely completion of the financial close process helps stakeholders in decision making and reporting. Types of Reconciliations Software Software tools for Bank Account Reconciliation Bank reconciliation is the process of matching bank statements to internal book records in order to ensure financial accuracy.

Reconciliation 52

Reconciliation Automation Accounts Close Processes 52

FloQast

MARCH 27, 2024

A few weeks ago, we looked at the specific challenges surrounding the reconciliation process. This allows teams to capture best practices to ensure consistency and change processes as their organization scales. This is, of course, precisely why reconciliations are so core to the accounting function. Simply put: Not all recs tie out.

Reconciliation 89

Reconciliation Audit Accounts Best Practices 89

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.

Automation 52

Automation Regulatory Compliance Underwriting Origination 52

Nanonets

JUNE 6, 2024

Benefits of Automation in Salesforce As with most of today’s newly automated accounting and bookkeeping processes , automation is a boon to Salesforce. Automation minimizes these risks by ensuring that data is captured and processed consistently and accurately. To get started: Navigate to Setup > Process Builder.

Automation 52

Automation Payment APIs and Integration Rules Process 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. By reducing the amount of things IT departments have to do in that process and taking out manual processing duties, the speed of the process is increased, the release promises.

Reconciliation 64

Reconciliation Close Processes Process Returns 64

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. Banking errors: Checks or ACH transfers are recorded on dates different from the processing date.

Reconciliation 52

Reconciliation Best Practices Adjustments Correspondent 52

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. The suite of features offered have helped us streamline some of our processes and our whole team is able to implement the features easily.”

Reconciliation 59

Reconciliation Close Processes Accounts Audit 59

PYMNTS

APRIL 13, 2020

Traverse Global Service will also automate parts of the process and use conversions to make everything easier for users, the release stated. Easy access to customer information and history will expedite the process. Work order management and preventative maintenance will be included in the program’s arsenal.

Close Processes 56

Close Processes Automation Process Finance 56

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. The process of reconciling and matching invoices, when done manually, can be a time-consuming process for businesses, the release says.

Automation 52

Automation Reconciliation Procedures Close Processes 52

PYMNTS

SEPTEMBER 18, 2020

The company provides sellers with a closing process that takes 45 days, which is “built on a commitment to fair, market-value offers and ethical, transparent negotiations,” according to the announcement.

Non-Bank 85

Non-Bank Close Processes Acquirers Economy 85

Nanonets

JUNE 14, 2024

Balance sheet reconciliation is a critical financial process that aligns the financial statements with external documentation such as bank statements, invoices, and general ledger entries. These involve check-marking, the ability to adjust balances, and documenting any findings during the balance sheet reconciliation process.

Reconciliation 52

Reconciliation Adjustments Automation Accounts 52

PYMNTS

SEPTEMBER 23, 2020

There will also be automated responses to vendor and supplier inquiries about invoice payment status, approval status and short pay issues, the release stated.

Automation 70

Automation Finance Correspondent Close Processes 70

FloQast

JULY 9, 2024

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. The suite of features offered have helped us streamline some of our processes and our whole team is able to implement the features easily.”

Continuity 87

Continuity Reconciliation Finance Accounts 87

Nanonets

APRIL 11, 2023

The loan origination process has historically been a complex and time-consuming endeavor for both commercial lenders and borrowers. 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.

Origination 52

Origination Automation Risk Assessment Underwriting 52

PYMNTS

APRIL 22, 2020

In separate news, Trintech , the reporting software provider, has teamed with Sage to work on a new and faster financial close processes. The new offering is available on the Sage Intacct Marketplace and will work immediately to get data from the reconciliation and close parts of a deal.

Accounts 52

Accounts Reconciliation Close Processes Process 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 The idea behind the startup is to streamline the process once a person finds a home to purchase. JetClosing charges a fee as part of the transaction upon closing. “We

Close Processes 51

Close Processes NOV Addressing Process 51

Nanonets

JUNE 27, 2024

Reconciliation is a crucial accounting process that ensures the accuracy of the financial close process. Bank Reconciliation Definition Bank Reconciliation is the process of matching each balance on the accounting records to the balance noted on the bank statement. Why is it Important to Reconcile your Bank Account?

Reconciliation 40

Reconciliation Accounts Adjustments Checks 40

PYMNTS

JUNE 10, 2020

Mortgage closings — especially the notarization process — can be complicated and tedious because of the paperwork involved. The desire to digitize the real estate closing process is not new. Electronic real estate closings, or eClosings, have been available since the early 2000s. States Implement RON Statutes.

Legal 52

Legal Money Laundering Legal Framework On-Demand 52

PYMNTS

JANUARY 20, 2021

Even though legal real estate transactions have been happening for centuries, the basic process itself is every bit as complex today as it has ever been, with very little of the digital disruption that’s transformed countless other industries. According to Baker, it’s the only way to get enough scale to actually move the process forward.

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. This process is known as the financial close.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

The Finance Weekly

APRIL 12, 2022

When it comes to the annual budgeting process, building a rapport with these department heads will go a long way. Evaluate current financial processes Although number four on the list, this one could be a standalone white paper or blog post in itself. Budgeting and resource allocation are two processes worth mentioning.

Finance 98

Finance Process Accounts On-Demand 98

Nanonets

APRIL 19, 2023

Fortunately, modern technology offers a range of software and automation tools that can simplify various accounting operations, including payment recording, expense tracking, and the Accounts Payable Process. There are various tools with different technological capabilities that can be used for automating the accounts process.  The

Accounts 52

Accounts Payment APIs and Integration Automation Process 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

PYMNTS

APRIL 21, 2020

Plus, the IRS has shelved processing tax refunds to make room for sending stimulus payments. While digital claim filing has made processes more frictionless than ever, it’s also opening new doors to fraud. Public Businesses Reap PPP Relief Of $300M. IRS Puts Tax Refunds In Storage As It Works On Stimulus Checks.

Tax Refunds 56

Tax Refunds IRS Payments AI 56

Nanonets

JULY 24, 2023

  Financial reconciliation is a recurring process that encompasses various sources of financial information within a business. Gartner defines finance reconciliation as “the process of comparing two sets of financial records to ensure they are in agreement.” What is finance reconciliation?

Reconciliation 52

Reconciliation Finance Duplicate Accounts 52