Nanonets

JULY 25, 2023

What is financial data analysis? Gartner defines financial analysis as the process that provides “insight into the financial performance of an organization.” How is financial data analysis used in business?

Financial Analysis 52

Financial Analysis Payment APIs and Integration Assessments Automation 52

Nanonets

APRIL 24, 2023

While bank extracts were obtained manually in the past, most companies are resorting to software to automate this tedious process. Sources of bank extracts A bank extract may be obtained from various financial documents, some of the most common include: Bank statements: Bank statements are the most common sources of bank extract.

Assessments 52

Assessments Fraud Detection Automation Risk Assessment 52

Nanonets

MARCH 4, 2024

AI technologies offer promising solutions to these age-old problems, automating mundane tasks, enhancing accuracy, and streamlining processes. The following AI solutions are relevant in the context of expense management - Automating the Expense Management Workflow 1.

AI 52

AI Payment APIs and Integration Fraud Detection Automation 52

Nanonets

JUNE 7, 2023

While Chat-GPT may be able to pass the CPA exam and generate incredible walls of text, true AI automation looks different (and isn’t as straightforward as a 1-line prompt). It is also time-consuming, requiring significant man-hours to reconcile accounts, generate reports, and perform financial analysis.

AI 52

AI Accounts Duplicate Automation 52

Nanonets

JUNE 23, 2023

Accuracy of Financial Statements By identifying and resolving discrepancies, balance sheet reconciliation ensures the accuracy and reliability of financial statements. This enhances the credibility of the organization's financial reports and helps stakeholders make informed decisions based on reliable information.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

Nanonets

APRIL 15, 2024

Integrate Nanonets Reconcile financial statements in minutes Try for Free This article presents the importance of bank reconciliation statements and provides insights into the benefits of automation in the generation of bank reconciliation statements.  

Reconciliation 52

Reconciliation Adjustments Correspondent Checks 52

Nanonets

SEPTEMBER 21, 2023

Material Errors in Financial Statements Accurate financial reporting is crucial for any business, but  material errors  can occur due to human mistakes or data entry errors. 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

MAY 2, 2024

Strategic finance is an effort to bring traditional financial functions into the 21 st century. We have access to a wide range of automation tools , data sources, analytic platforms, and enough KPI generators to fill a dictionary. Smoother operations when automation tools are fully leveraged as part of a strategic finance plan.

Finance 52

Finance Treasury Management Fed Risk Management 52

Nanonets

FEBRUARY 28, 2024

We'll also explore how to efficiently manage and utilize your General Ledger, including the implementation of modern software solutions to automate and streamline your accounting processes. This meticulous document serves as the foundation for a company's financial statements, categorizing and recording each transaction.

Automation 52

Automation Payment APIs and Integration Accounts Transactions 52

Fintech Labs Insights

AUGUST 22, 2024

for its financial education platform targeting women, growing steadily with high user engagement. Fall 2022 (New York): Debbie: Raised $2.7M, continued expansion in automated financial services for personal finance management. MX: Financial data aggregation, continued to lead with innovation in financial management tools.

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15

Fintech News

DECEMBER 17, 2024

Generative AI as The New Wave of Transformation While traditional AI has proven invaluable for automating repetitive tasks and enhancing analytical precision, generative AI represents a new wave of transformation. It is delivering significant financial returns for organisations that embrace it.

AI 126

AI Audit Fraud Detection Compliance 126

EBizCharge

MARCH 21, 2025

Artificial intelligence (AI) has steadily emerged as a transformative powerhouse, revolutionizing the accounting field by automating mundane tasks and enhancing decision-making capabilities. AI systems use algorithms and data to recognize patterns, automate processes, and improve over time without explicit human intelligence.

Accounts 52

Accounts AI Fraud Detection Audit 52