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 million in venture capital seed financing. The idea behind the startup is to streamline the process once a person finds a home to purchase.

Close Processes

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. Closing: Finalizing reports and closing the books for the period. It serves several purposes - 1.

Process

PYMNTS

JANUARY 26, 2018

More than half of accountants surveyed agreed that cloud-based solutions were helping them address demands to not only provide accounting services, but to also act as an advisor to their corporate customers. Managing the month-end close is a process of continual improvement,” he said. Open Banking initiatives in the EU, U.K.,

Close Processes

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

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Outdated manual month-end close processes are a pain point for companies of every size – taking up as much as 40% of finance departments’ monthly working time and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

Nanonets

MAY 6, 2024

This article explores how leveraging a dedicated reconciliation software, BlackLine , not only minimises errors and enhances productivity by streamlining workflows and empowering finance professionals to focus on strategic initiatives.     What is BlackLine?  BlackLine

Reconciliation

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

Nanonets

JUNE 13, 2024

To address this issue, organizations prefer using reconciliation software, which can automate the heavy lifting and monotonous tasks while ensuring accuracy and timeliness during the monthly book-closing period. Timely completion of the financial close process helps stakeholders in decision making and reporting.

Reconciliation

FloQast

JANUARY 22, 2025

By focusing on a comprehensive blueprint for complete transformation, accounting departments can address the root causes of inefficiency, tackle the challenges of today, and best prepare their accounting departments for future challenges. After all, any level of friction in your processes leads to lower productivity.

Accounts

Nanonets

JUNE 18, 2024

Account reconciliation also helps improve transparency and visibility throughout the financial close process. It reduces the risk of misstatement, which hinders a faster financial close, which is critical for decision-making and stakeholders. Accounting firms typically spend 2-3 days on average doing manual reconciliations.

Reconciliation

Nanonets

JUNE 14, 2024

By doing regular balance sheet reconciliations, financial teams can address fraudulent activity, detect errors, and resolve discrepancies promptly. When faced with issues like complex data, finance teams can make human errors and inconsistencies since manual data entry increases errors, transposition errors, and missing transactions.

Reconciliation

Nanonets

JULY 21, 2023

Reconciliation software is a specialized application that automates and streamlines the financial closing process for businesses. Reconciliation software is vital for modern finance departments, enabling CFOs to fulfill strategic responsibilities by providing accurate and real-time financial data to stakeholders.

Reconciliation

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.

Accounts

Nanonets

MARCH 26, 2023

The application will generally require the borrower to provide personal information, including their name, address, social security number, and employment history, as well as information about their income, assets, and debts. Several key features of OCR technology enable mortgage processing automation and increased efficiency.

Automation

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.

Reconciliation

Nanonets

APRIL 24, 2023

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. Stage 6: Closing This is the final step in the loan origination process. The term also applies to other types of amortized personal loans.

Origination

Nanonets

MAY 10, 2023

That's why finance teams are increasingly adopting a 3 way match of vendor invoices as an essential step of their accounts payable process. According to an ACFE report, companies lose up to 5% of their annual revenue on fraudulent or unauthorised spends. This helps in establishing mutual trust and goodwill.

Accounts

Nanonets

SEPTEMBER 22, 2023

The accounts payable team must also work closely with other departments, such as purchasing and finance, to ensure that all financial data is accurate and up-to-date. A: An accounts payable system is a software solution that automates and streamlines the accounts payable process. Q: What is an accounts payable system?

Accounts

CB Insights

JUNE 3, 2020

Personal finance platform SoFi is proving particularly acquisitive as it looks to transform into a broader fintech holding company, first acquiring payments platform Galileo Money for $1.2B Looking further out, Covid-19 increases the need for centrally managed “autopilot” personal finance solutions.

Online and Mobile Banking

FloQast

DECEMBER 18, 2024

To unlock the potential of software automation, youll first need to understand what is causing your close pain points, and which technology integration strategies are going to help you address them. Help your company take its first steps towards a streamlined, automated close with our guide.

Close Processes

The Finance Weekly

FEBRUARY 26, 2025

Prophix aims to address these challenges by offering advanced, cloud-native financial planning solutions. The platform enables cash flow management, balance sheet analysis, and financial forecasting, making it an ideal tool for finance teams looking for an integrated planning system. What is Prophix? Who Its Meant For?

AI

EBizCharge

NOVEMBER 11, 2024

Understanding different types of reconciliation is essential for maintaining precise financial records and ensuring success since each type addresses specific financial aspects to identify discrepancies and enhance overall financial accuracy. Regular reconciliation also makes the month-end and year-end closing processes smoother.

Reconciliation