PYMNTS

APRIL 23, 2019

With FinTech providing accountants with the grip they need to get the books in order, and assess financial health for small business clients, the surge of FinTech has introduced changes to the accountant’s role. Marrying Tech With Accountants. At first, their entrance threatened the future of the human accountant. .”

FinTech 61

FinTech Small Business Accounts Federal Reserve 61

Nanonets

SEPTEMBER 21, 2023

By implementing the right strategies and utilizing modern technologies, businesses can overcome these accounting hurdles and ensure a smoother  financial flow. These errors can have a significant impact on financial statements, leading to incorrect financial analysis and decision-making.

Accounts 52

Accounts Audit Payroll Compliance 52

Nanonets

APRIL 24, 2023

The use of bank extracts allows organizations to quickly and easily extract important information such as account details, transaction history, and financial status from a range of financial documents. Bank extraction software can be used to extract this information and use it for loan approvals and risk assessments.

Assessments 52

Assessments Automation Fraud Detection Risk Assessment 52

FloQast

JANUARY 1, 2025

When AI handles data entry, expense tracking, payroll processing, and similar routine tasks, accountants and financial professionals can focus on high-value activities like strategic planning and client engagement. Increased Efficiency and Productivity The value of AI tackling mundane tasks cannot be overstated.

AI 52

AI Accounts Audit Fraud Detection 52

Nanonets

SEPTEMBER 23, 2024

Key aspects of bank statement analysis Transaction categorization: Classify entries as deposits, withdrawals, transfers, payments, etc. Expense analysis: Review outgoing payments such as vendor payments , payroll, and operational costs. Why is bank statement analysis important?  

Payment APIs and Integration 52

Payment APIs and Integration AI Audit Non-Bank 52

Nanonets

SEPTEMBER 23, 2023

It is a method that helps businesses reserve funds for future liabilities, ensuring accurate financial reporting, budgeting, and analysis. Encumbrances, also known as pre-expenditures, are reserved funds for future expenses such as payroll, monthly fees, and taxes. It also enables more effective budgetary control and analysis.

Accounts 52

Accounts Governance Government Payroll 52

Nanonets

JUNE 15, 2023

Cost-effective operations Automated accounting can lower labor and automation costs, making financial management more affordable. In-depth financial analysis Automation gives accurate data for comprehensive analysis, empowering accountants to make data-driven decisions.

Automation 52

Automation Accounts Payroll Process 52