Fintech Finance

MARCH 7, 2024

Jing Wei Lee, Head of Finance, led a detailed market evaluation. Overall, we can better manage liquidity, risk and reporting requirements. We have automated reconciliation, taking into account any receipts or payments against actual balances that are derived from the up-to-date bank statements.

Treasury 52

Treasury Compliance Cash Management SWIFT 52

Fintech Finance

JUNE 6, 2024

Q1 saw revenue growth of 86% YoY, largely driven by the fintech’s focus on customisation to meet the complex and increasingly global challenges of finance teams at major enterprises. Moreover, different payment norms, currencies and systems exist in different jurisdictions as well as different accounting and reporting requirements.

Accounts 52

Accounts Reconciliation Finance Compromise 52

Nanonets

JULY 25, 2023

According to McKinsey, most businesses will be able to automate one-quarter of their processes within the next five years, and accounting and financial reporting are common targets for this type of automation. Improved Efficiency: Automating repetitive tasks allows finance teams to work more efficiently.

Automation 52

Automation Compliance Process Governance 52

Nanonets

SEPTEMBER 21, 2023

To overcome this problem, businesses should prioritize data accuracy and implement robust ERP solutions that automate data entry and reconciliation processes. By utilizing advanced  software , businesses can minimize material errors, ensuring accurate financial reporting.

Accounts 52

Accounts Audit Payroll Compliance 52

EBizCharge

AUGUST 23, 2024

Effective accounting systems help businesses manage their finances by monitoring revenue and expenses, ensuring statutory compliance, and providing data-driven insights for business strategy and decision-making. Automated accounting: Allows for quick and detailed reporting with built-in analysis tools.

Automation 52

Automation Accounts Encryption Transactions 52

Nanonets

JUNE 29, 2023

Overall, it simplifies the entire expense management cycle, from capturing receipts to generating reports, saving time and effort for finance teams and employees alike. Complex approval workflows, duplicate alerts and fraud detection Payment and reconciliation that works like magic.

Payment APIs and Integration 52

Payment APIs and Integration Automation Credit Cards Online and Mobile Banking 52

Nanonets

SEPTEMBER 23, 2023

Small business accounting software is an invaluable tool that empowers entrepreneurs to take control of their finances and drive the success of their business. The software can generate crucial documents such as W-2s, 1099s, and sales tax reports, simplifying the filing process and ensuring compliance with reporting requirements.

Small Business 52

Small Business Accounts Automation Compliance 52

Nanonets

FEBRUARY 9, 2024

An assessment of the control evaluation that includes fraud detection reports, bank statements, reconciliation data , etc. Finance department: The finance department ensures day-to-day compliance with established controls. It may include approvals, authorizations, reconciliations, and similar controls.

Audit 52

Audit Risk Assessment Assessments Procedures 52

Nanonets

JANUARY 17, 2024

They move from playing defense with their finances to playing offense. InnovateX implemented a cloud-based expense management system that provided real-time reporting. This allowed their finance team to spot a sudden, unexplained increase in marketing expenses and quickly address the issue, preventing budget overrun.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

Nanonets

SEPTEMBER 23, 2023

Non-profit organizations must balance the need for financial transparency with donor expectations and reporting requirements. They also enable better collaboration among finance teams, budget managers, and purchasing departments, ensuring timely and accurate encumbrance data.

Accounts 52

Accounts Governance Government Fraud Prevention 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

FloQast

DECEMBER 18, 2024

Maintaining a high standard of reporting requires accounting teams to optimize their close process, eliminating inefficiencies and delays wherever possible, adapting to changes in the regulatory landscape, and seizing opportunities created by advances in accounting technology. Team members dont know what needs to be done.

Close Processes 98

Close Processes Process Accounts Adjustments 98