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Small, but Mighty: How Cricut’s Accounting Team Helped Ensure IPO Success With FloQast

FloQast

It might be almost four years later, but the events of 2020 should still be fresh in everyone’s minds. As the company prepared for its initial public offering in 2021, Ryan Harmer , Vice President of Accounting and Corporate Controller, recognized the need for a significant transformation in their month-end Close processes.

Accounts 105
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Boosted Commerce Lands $87M, Buys Six Amazon FBA Firms

PYMNTS

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. Boosted said FBA firms comprise 60 percent of gross merchandise sold on Amazon.

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Four Techniques Companies Use To Advance In Today’s New Economic Environment

The Finance Weekly

It's possible that what your customers wanted in early 2020 will differ from what they want now. So, how can businesses take advantage of automation to speed up the financial close? Think through the “extended” process. But how can your company begin to take advantage of this expansion opportunity? Assess what your clients want.

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Always Be Closing: Digital Infrastructure Company Drags Real Estate Out Of Analog

PYMNTS

“The proceeds are, one, for the acquisition and then, two, to help us build a lot of our engineering and our newest products,” Baker said, calling the full digitization of the mortgage closing process a difficult and significant undertaking. Baker said it’s a huge innovation on the real estate side. COVID Fears Became A Banner Year.

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How The COVID-19 Pandemic Is Driving Remote Online Notarization?s Adoption

PYMNTS

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. The state legislature adopted such regulations in late 2019, permitting these services for use beginning in January 2020. RON services were legal in 23 U.S.

Legal 52
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Credit Card Reconciliation: What It is and How to Do It?

Nanonets

Billion in 2020 only for North American regions. With the rising company transactions comes the credit card reconciliation or reconciliation process. Nanonets is an AI-based accounting automation software that leverages powerful OCR software, no-code workflows, and out-of-the-box integrations to simplify your accounting processes.

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What are GL Codes and how to assign them effectively?

Nanonets

The result is a faster, more efficient close process that also saves up your time which can be better spent elsewhere. This precision allows for the automatic consolidation of expenses, minimizing manual adjustments and reclassifications that slow down financial reporting.