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

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

The Finance Weekly

JUNE 17, 2024

This streamlined process allows an immediate transition to financial reporting and analysis. During the month-end close process, Planful proves to be indispensable by facilitating the consolidation of financials. Pricing Planful has customized pricing only.

AI

FloQast

APRIL 7, 2024

In this article, we will look at best practices for enhancing your close and how automated software tools can help you reduce completion times. Other companies may consider the close complete after the general ledger lock, while others extend that to include general ledger lock and reconciliations.

Best Practices

Nanonets

MAY 6, 2024

Founded in 2001, BlackLine offers a comprehensive suite of solutions that empower organizations to automate traditionally manual and spreadsheet-intensive tasks, enhance accuracy, improve visibility, and optimize efficiency throughout the financial close process.  

Reconciliation

Nanonets

JULY 21, 2023

Reconciliation software is a specialized application that automates and streamlines the financial closing process for businesses. Acting as a centralized platform, it retrieves data from the general ledger and compares it with bank statements and invoices, facilitating accurate and swift account reconciliation.

Reconciliation

Nanonets

JUNE 13, 2024

Timely completion of the financial close process helps stakeholders in decision making and reporting. It also facilitates automated review and approval workflows and provides a central repository for supporting documentation. It automates various steps, reduces manual effort, and increases efficiency.

Reconciliation

FloQast

MAY 7, 2024

The Year End Close: Why Does It Matter? The Year-End closing process is the regulatory requirement that companies verify the accuracy of their annual finances. FloQast organises not only my close workflow but that of my entire team. It makes it easy for me to see exactly where everyone is in the close process.

Reconciliation

Nanonets

MARCH 12, 2024

Strategic Planning: Facilitates the formulation of actionable strategies to address gaps, optimize performance, and capitalize on opportunities. Closing: The closing process is manual, with a checklist to ensure all financial activities for the period have been recorded and reconciled.

Process

FloQast

OCTOBER 21, 2024

They facilitate online shopping, delivery, and pickup services from more than 75,000 stores across the continent. Their close process tightened, and more employees can now work remotely in different time zones across the continent. After moving to an automated reconciliation with FloQast , they’ve seen huge success.

Reconciliation

Nanonets

JUNE 6, 2024

Automation facilitates more insights Better Data Insights With automation, Salesforce can generate real-time data insights and analytics. Automated data collection and processing allow for more comprehensive and up-to-date reporting. For example, you can set a rule that sends an email to a sales manager when a deal is closed.

Automation

Nanonets

JUNE 24, 2024

Credit card reconciliation is essential as it helps businesses prevent fraud, maintain financial integrity, optimize spending, and keep the company's books audit-friendly during the financial close process , typically occurring at the end of each month. How to do Credit Card Reconciliation?

Reconciliation

Nanonets

FEBRUARY 26, 2024

Budgeting and Forecasting: It aids in budget management by providing clear insights into upcoming expenses, facilitating more accurate financial planning and forecasting. Facilitate Seamless Payments: Action Steps: 1. Ensure the software allows you to create a streamlined approval workflow based on your needs.

Automation

Nanonets

JULY 24, 2023

It promptly flags any match errors that breach tolerance levels and facilitates further approval for successful matches. With the powerful ML capabilities built into Nanonets, businesses can train the system to recognize payment patterns, match payments with invoices, and flag exceptions for review.

Reconciliation

Nanonets

JUNE 23, 2023

This process is known as the financial close. Balance sheet reconciliation is a crucial step in the financial close process, serving as a vital control mechanism for organizations. It also generates customizable reports, facilitating compliance and enhancing transparency.

Reconciliation

Nanonets

FEBRUARY 28, 2024

Through this rigorous organization, it provides an essential snapshot, offering a comprehensive view of the company's financial health and facilitating detailed financial analysis and reporting. This meticulous document serves as the foundation for a company's financial statements, categorizing and recording each transaction.

Automation

Nanonets

FEBRUARY 14, 2024

For instance, a GL code for office supplies expense helps ensure that all expenditures related to office supplies are grouped together, facilitating easier tracking and analysis. The result is a faster, more efficient close process that also saves up your time which can be better spent elsewhere.

Transactions

Nanonets

SEPTEMBER 22, 2023

Here are some best practices to consider: Establish clear payment policies:  Clear policies on payment terms and processes can reduce confusion, prevent payment delays, and ensure compliance with regulations. A: An accounts payable system is a software solution that automates and streamlines the accounts payable process.

Accounts

FloQast

DECEMBER 13, 2023

Ineffective IT Environment : A reliable and effective IT infrastructure can go a long way in supporting the day-to-day operations of the company, besides facilitating financial reporting requirements. This may lead to unfavorable findings during audits and hinder SOX compliance.

Compliance

CB Insights

JUNE 3, 2020

These include players like one-click checkout provider Fast (which raised a $20M Series A in March) and payment-facilitator-as-a-service provider Finix (which raised a $10M Series B extension in March). This theme is clear not only among established companies but earlier stage startups as well.

Online and Mobile Banking

FloQast

DECEMBER 18, 2024

By ensuring that financial figures remain reliable, stable, and accurate from month to month, the close facilitates the production of complete and timely financial statements – which, in turn, help senior management measure progress towards goals, project cash flow, and make other important decisions for the future.

Close Processes

The Finance Weekly

FEBRUARY 26, 2025

Automated Consolidation Reduce errors by automating financial close processes. Contribution Insights enable users to identify key factors contributing to variances in financial data, facilitating more informed decision-making. Approval Workflows Assign role-based approvals for secure and efficient reporting.

CRM