AI Close Processes Correspondent 
PYMNTS
SEPTEMBER 23, 2020
Artificial intelligence (AI) automation firm Auditoria has announced new capabilities to help enhance financial back-office tasks, according to a press release. The application will help to provide prioritization over what work is done, with automatic logging of correspondence and a built-in tonality based on the type of client.
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. This can be easily reduced by using AI automation to save time and cost for your team.
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Nanonets
JUNE 18, 2024
Introduction to Account Reconciliation Account reconciliation is the critical process of comparing your general ledger with internal and external sources. Each balance should match its corresponding entry in the general ledger for any source. Multi-Step Matching : Implement multi-step reconciliation processes for complex scenarios.
Nanonets
JUNE 24, 2024
Credit card reconciliation is essential as it helps businesses prevent fraud, maintain financial integrity, optimize spending, and keep the company's books audit-friendly during the financial close process , typically occurring at the end of each month. AI document processing captures and extracts documents from multiple sources.
Nanonets
JUNE 23, 2023
This process is known as the financial close. Balance sheet reconciliation is a crucial step in the financial close process, serving as a vital control mechanism for organizations. Investigate Discrepancies Analyze the discrepancies found during the comparison process.
Nanonets
FEBRUARY 28, 2024
GL Coding General Ledger Codes, or GL Codes, are unique alphanumeric strings that classify and record financial transactions within a company’s general ledger into corresponding GL account. Each GL account is associated with corresponding GL code. 💡 Consider a small café that buys a new espresso machine for $1,000.
Nanonets
MAY 10, 2023
A 3 way match is an internal control process that cross-references a supplier's invoice against its corresponding purchase order (PO) and good received note (GRN). Automate invoice data capture , build workflows and streamline the 3 way match process in seconds. Automate invoice payments with AI. No code required.
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