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Surviving the Silicon Valley Bank-pocalypse: Mastering Multi-Bank Management for Startups

Nanonets

Cash management, or effective treasury management, can often be the deciding factor for the success or failure of tech startups. To achieve success, it is crucial to manage cash flow, particularly the "burn rate," which refers to the rate at which money is spent before reaching profitability.

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AP Controls: The Role Internal Controls for Accounts Payable Plays in Every Business

Nanonets

  Internal controls for accounts payable are a set of standards and requirements that make AP processes more efficient, reduce business risks associated with the function, and optimize long-term cash management. This is a great way to mitigate overspending and manage expense forecasts. 

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Importance of bank reconciliation in internal control

Nanonets

This can include anything from missing or duplicate transactions to unauthorized charges or fraudulent activity. Bank reconciliation involves multiple stakeholders, including finance staff responsible for recording transactions and reconciling accounts, as well as oversight from management or internal audit functions.

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The top 15 spend management software in 2023

Nanonets

Complex approval workflows, duplicate alerts and fraud detection Payment and reconciliation that works like magic. Features: Bank reconciliation and cash management functionalities General ledger ensures comprehensive financial tracking Workflow management, allowing for efficient approval processes and control over spending.

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The best reconciliation software and tools in 2023

Nanonets

Any irregularities are quickly identified, allowing for immediate investigation and mitigating the potential damage of fraudulent activities. Additionally, the software offers users real-time insights into their cash position, empowering them to make well-informed decisions in a timely manner.

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How to Find the Best Payment Processor for NetSuite

EBizCharge

Customer support and service Reliable customer support is crucial for resolving payment processing issues quickly and mitigating service interruptions. The EBizCharge for NetSuite payment integration syncs directly with your ERP system to eliminate manual data entry, mitigate user error, and automate reconciliation.