Remove Audit Remove Close Processes Remove On-Demand
article thumbnail

WooCommerce NetSuite Connector: Implementation and Best Practices

EBizCharge

Consider the typical manual process: receive an order through WooCommerce, print it out or copy the information, manually enter it into NetSuite, update inventory, and maybe update the customer record with ship information. Companies typically discover data quality issues only after they’ve begun the integration process.

article thumbnail

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

FloQast

Embodying the spirit of “Small teams can do great things,” the team leaned on FloQast, streamlining their financial processes and ultimately setting the stage for a successful IPO. Streamlining the Month-End Close With 8.4 But Cricut’s small, but mighty, accounting team rose to the challenge.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Closing The Books Is Now A Lesson In Corporate FinTech Innovation

PYMNTS

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.,

article thumbnail

Maximizing Efficiency in Financial Statement Preparation with Automation

FloQast

Companies that automate their financial statement preparation processes often benefit from improved accuracy, near real-time data, and increased efficiency. Fact: Companies that automate part of their financial statement preparation process reduce time-to-Close by 33% or more. So why are accountants bullish on automation?

article thumbnail

The best reconciliation software and tools in 2023

Nanonets

To ensure the integrity of financial data, accountants and bookkeepers rely on the general ledger account reconciliation process. This process involves comparing general ledger accounts with supporting documents using reconciliation software to identify discrepancies and take corrective measures. What is reconciliation software?

article thumbnail

Accounting Department Transformation: A 2025 Blueprint

FloQast

Some of the main ones include: Traditional Processes are Outdated Many accounting departments still rely on manual, paper-based processes and spreadsheets. Furthermore, minimizing audit findings should be a top priority. Error-prone. Humans make mistakes thats just a fact of life.

article thumbnail

What is AP Automation?

Nanonets

As businesses grow, this automation can also aid in scaling AP processes without requiring additional hires. AP automation also reduces the risk of fraud and errors, leading to smoother audits and accurate financial records. Approvals The third step of AP automation is the approval process.