Best Practices Close Processes Transactions 
EBizCharge
AUGUST 5, 2025
However, they must be well planned to handle high-volume transactions and complex data linkages. Embedded payment solutions bridge this gap by integrating payment processing directly into the ERP flow. Month-end close processes are also simplified when payment data is already appropriately classified and posted in the ERP system.
EBizCharge
AUGUST 6, 2025
The platform can support complex product configurations, custom price levels, and multi-level approval workflows characteristic of business transactions with ease. Financial Reconciliation Payment processing integration ensures that financial information flows properly between systems.
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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. Banking errors: Checks or ACH transfers are recorded on dates different from the processing date.
The Finance Weekly
OCTOBER 13, 2021
Companies that embrace business model innovation are transforming sectors by shifting from transactional to service-based business models that guarantee a consistent and recurring revenue stream. So, how can businesses take advantage of automation to speed up the financial close? Think through the “extended” process.
FloQast
MARCH 27, 2024
This allows teams to capture best practices to ensure consistency and change processes as their organization scales. Additionally, with Audit Reports, managers can track changes to processes, noting who made a change and the timing, ensuring strategy remains aligned with execution. Simply put: Not all recs tie out.
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. Take Big Data, for instance.
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.
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