FloQast

JUNE 12, 2024

Curis , a biopharmaceutical innovator based in Lexington, Massachusetts, faced challenges with their traditional, paper-heavy month-end Close process and compliance program. Streamlined workflows through automation and centralized documentation. This is where FloQast stepped in. That saved us $110,000 in outside audit fees.”

Compliance 105

Compliance Close Processes Audit Duplicate 105

FloQast

MARCH 25, 2024

And solutions that are easy to implement help businesses mitigate the cost of traditional close processes and enhance performance. Automation can reduce the time to close by 26 % or more. Accurate and timely financial reporting in business is a must. There’s also a large operational impact.

Close Processes 105

Close Processes Compliance Automation Risk 105

FloQast

SEPTEMBER 4, 2024

For The Joint Chiropractic (NASDAQ: JYNT), 2021 marked a pivotal year as they embarked on a journey to enhance their accounting operations by integrating FloQast into their processes. The impact proved transformative, dramatically improving their Close process , enhancing workflow visibility, and expediting reporting.

Compliance 98

Compliance Automation Accounts Audit 98

The Finance Weekly

APRIL 12, 2022

When it comes to the annual budgeting process, building a rapport with these department heads will go a long way. Evaluate current financial processes Although number four on the list, this one could be a standalone white paper or blog post in itself. Budgeting and resource allocation are two processes worth mentioning.

Finance 245

Finance Process Accounts On-Demand 245

FloQast

OCTOBER 21, 2024

There sure is: Automated bank reconciliation. Automating your reconciliations both limits the possibility of errors and significantly cuts the time and effort needed. For accounting professionals, implementing a solid automated bank reconciliation process can change the way they approach financial operations within their business.

Reconciliation 52

Reconciliation Automation Process Best Practices 52

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. There will also be automated responses to vendor and supplier inquiries about invoice payment status, approval status and short pay issues, the release stated.

Automation 70

Automation Finance Correspondent Close Processes 70

FloQast

FEBRUARY 14, 2024

In the fast-paced finance and accounting world, keeping up with regulations and ensuring a smooth Close are crucial organizational processes. With its Close operating smoothly, a.k.a Brands , Brandon Peters, optimize processes, streamline compliance efforts, and boost efficiency. Brands’ accounting procedures.

Compliance 105

Compliance Reconciliation Close Processes Automation 105

Nanonets

MARCH 26, 2023

Mortgage processing automation helps companies reduce the manual workload involved in mortgage origination and processing, in order to improve accuracy and efficiency. In this post, we will explore how mortgage processing automation using Nanonets and OCR technology can improve your business.

Automation 52

Automation Process Underwriting Origination 52

PYMNTS

APRIL 10, 2020

While flashy corporate FinTech is exciting, innovation efforts have rarely focused on a mainstay of corporate finance teams: the financial close process, a crucial, but continually outdated function. For corporations that continue to rely on paper and manual processes, this challenge is significantly elevated.

Close Processes 87

Close Processes Finance Automation Process 87

FloQast

FEBRUARY 29, 2024

Every minute saved in the financial close process can translate to significant organizational gains. With a threefold increase in revenue and employee count, the company recognized the pressing need to streamline its financial close process. In the fast-paced world of finance, efficiency and accuracy are paramount.

Close Processes 105

Close Processes Finance Process Automation 105

Nanonets

JUNE 6, 2024

Automation within Salesforce addresses these challenges by streamlining workflows, reducing manual interventions, and enhancing overall operational efficiency. Benefits of Automation in Salesforce As with most of today’s newly automated accounting and bookkeeping processes , automation is a boon to Salesforce.

Automation 52

Automation Payment APIs and Integration Rules Process 52

The Finance Weekly

OCTOBER 13, 2021

It's critical that everyone from HR and finance to engineering and sales is involved in the innovation process for your business model transition to be effective. Assign owners to each business process in IT, finance, operations, and other areas to ensure that everyone is working toward the same goal.

Risk Management 130

Risk Management Risk Automation Close Processes 130

FloQast

AUGUST 22, 2024

(G&W ) , a major freight railroad operator with 115 railroads globally, was facing challenges in their month-end Close process, complicated by a pending ERP migration. FloQast offered immediate productivity gains, comprehensive ERP migration support, and a smooth implementation process, making it the ideal solution for G&W.

Reconciliation 86

Reconciliation Audit Close Processes Compliance 86

FloQast

JUNE 17, 2024

With a diverse portfolio and operations spanning multiple continents, the company faced significant challenges in its month-end Close process. Aspect Energy’s monthly Close times ranged from 15 to 45 days, creating delays in financial reporting and decision-making. Improvements Seen: U.S.

Close Processes 98

Close Processes Best Practices Accounts Process 98

Nanonets

APRIL 17, 2023

Finance teams are well aware of the tedious and error-prone nature of manual accounts payable processes. AP automation or accounts payable automation solutions are an attempt to optimise this process for finance teams. Not surprisingly, the AP automation market is expected to increase substantially in the coming years.

Automation 52

Automation Payment APIs and Integration Accounts Audit 52

Nanonets

MARCH 27, 2023

Mortgage automation is revolutionizing the way lenders process loans, with advanced technology solutions helping to streamline and speed up the process. From application submission to underwriting and funding, mortgage automation can simplify the steps involved in getting a loan approved. What is mortgage automation?

Automation 52

Automation Regulatory Compliance Underwriting Origination 52

FloQast

FEBRUARY 19, 2024

In the wake of its IPO, Zoom faced the challenge of restructuring its month-end Close process to accommodate its expanding operations and to ensure compliance with regulatory standards. We use FloQast for a lot of different things — not just the close. We actually use FloQast for SEC reporting,” Jeanne said. “We

Posting 105

Posting Close Processes Compliance Facilitators 105

FloQast

JANUARY 10, 2024

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.

Accounts 105

Accounts Reconciliation Compliance Close Processes 105

The Finance Weekly

APRIL 28, 2024

QuickBooks Online works with many apps, like: Payment processing software E-commerce platforms Inventory management systems Customer relationship management (CRM) Project management tools Integrating QuickBooks can be done through APIs (Application Programming Interfaces), custom-built integrations, or middleware.

Payment APIs and Integration 130

Payment APIs and Integration CRM Automation Multi-Currency 130

FloQast

AUGUST 14, 2024

Fanatics , a global leader in sports fan experiences and v-commerce, was grappling with an inefficient month-end Close process. Discovering FloQast marked a turning point for Fanatics, providing the efficiency and control needed to enhance their financial processes.

Reconciliation 80

Reconciliation Close Processes Audit Compliance 80

The Finance Weekly

AUGUST 30, 2022

And then of course, there is the automation aspect. With FP&A software, companies can automate their data collections and create valuable dashboards and insights that will help them understand trends and make more accurate budgets, forecasts, and business decisions. This is in addition to supporting financial close processes.

Small Business 239

Small Business Finance Automation AI 239

FloQast

NOVEMBER 18, 2024

The Accounting Transformation Platform introduces new AI workflows to deliver value throughout every step of the accounting journey, including: Optimize the close Automate the close Connected compliance Integrated record-to-report To support this platform, we announced the launch of three new solutions.

Compliance 98

Compliance Automation AI Product 98

Nanonets

APRIL 24, 2023

PDF → Excel Convert PDF bank statements to Excel  Try for Free Loan origination is the process of applying for and obtaining a loan, including all the steps and activities that are involved in evaluating, approving, and disbursing the loan. Stage 6: Closing This is the final step in the loan origination process.

Origination 52

Origination Process Underwriting Automation 52

FloQast

JANUARY 22, 2024

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.

Automation 52

Automation Reconciliation Audit Accounts 52

Nanonets

APRIL 11, 2023

The loan origination process has historically been a complex and time-consuming endeavor for both commercial lenders and borrowers. But in recent years, advancements in technology have paved the way for digitizing this process, which has revolutionized the lending industry by streamlining processes and improving operational efficiency.

Origination 52

Origination Automation Risk Assessment Underwriting 52

Nanonets

MARCH 20, 2023

What is the accounts payable process? The accounts payable process of a company is the management of its short-term payment obligations to vendors/suppliers. Accounts payable processing ensures timely payments to suppliers and vendors. Businesses might even occasionally opt for accounts payable outsourcing.

Process 52

Process Accounts Automation Checks 52

Nanonets

FEBRUARY 26, 2024

Finance teams are well aware of the tedious and error-prone nature of manual accounts payable processes. Today, you can automate these processes using accounts payable automation solutions and optimise accounts payable for your finance teams. What is Accounts Payable Automation? What exactly are these challenges?

Automation 52

Automation Accounts Payment APIs and Integration Process 52

FloQast

JUNE 5, 2024

In late 2021, SumUp , a global payments provider serving millions of businesses worldwide, faced significant challenges with their manual, spreadsheet-based monthly Close process. Streamlined Workflows: FloQast offered pre-built templates and workflows specifically designed for the Close process.

Close Processes 52

Close Processes Addressing Reconciliation Automation 52

The Finance Weekly

JUNE 17, 2024

Financial planning and analysis (FP&A) is important in automating all of the manual tasks in the finance department and giving everyone greater insights into the data. It enhances automation, eliminates errors, and improves decision-making through sub-features like Predict: Signals and Predict: Projections.

AI 130

AI Addressing Automation Finance 130

Nanonets

APRIL 5, 2024

Tipalti and Airbase are powerful AP automation platforms that can seriously streamline financial processes. Airbase comparison will give you the insights you need to choose the right AP automation solution for you. This makes it an attractive choice for businesses looking to streamline their spend management processes.

Automation 52

Automation Multi-Currency Compliance Process 52

FloQast

MARCH 27, 2024

A few weeks ago, we looked at the specific challenges surrounding the reconciliation process. This allows teams to capture best practices to ensure consistency and change processes as their organization scales. This is, of course, precisely why reconciliations are so core to the accounting function. Simply put: Not all recs tie out.

Reconciliation 105

Reconciliation Audit Accounts Best Practices 105

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. Data Processing: Transactions are classified, sorted, and recorded in the appropriate accounts. It serves several purposes - 1.

Process 52

Process Finance Reconciliation Compliance 52

The Fintech Times

MAY 10, 2025

The funding will be invested in expanding the finance operations solution and support the transition to autonomous expense processing. FloQast , an accounting transformation platform, has unveiled a strategic partnership with PwC Belgium focused on ‘revolutionising’ accounting close automation solutions.

FinTech 59

FinTech Legal Enrollments Non-Bank 59

PYMNTS

JANUARY 20, 2021

Even though legal real estate transactions have been happening for centuries, the basic process itself is every bit as complex today as it has ever been, with very little of the digital disruption that’s transformed countless other industries. Selling Automation. Buying a house is so 1980s. And that’s a problem. That’s just a lot.”.

Automation 88

Automation Process Transactions Close Processes 88

PYMNTS

JANUARY 26, 2018

Rob Feinstein, vice president of Product at FloQast , told PYMNTS that this excitement over innovative technology is a response to the ebbs and flows of the close management process. Managing the month-end close is a process of continual improvement,” he said. Open Banking initiatives in the EU, U.K.,

Close Processes 47

Close Processes Innovation FinTech Accounts 47

FloQast

NOVEMBER 11, 2024

In every accounting department I’ve been a part of, a crucial period rolls around at the end of each month: the month-end Close. The month-end close process is the culmination of a month’s worth of financial transactions, when all hands are on deck to ensure the company’s financial records are accurate and up-to-date.

Reconciliation 52

Reconciliation Close Processes Accounts Transactions 52

FloQast

APRIL 7, 2024

The challenges of the close typically stem from a reliance on outdated manual processes, including the use of Excel spreadsheets to track and manage critical tasks, the late submission of reports from external providers, and a lack of visibility into the impact of delays on the overall close deadline.

Best Practices 52

Best Practices Reconciliation Close Processes Automation 52