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. The R2R cycle includes these key components: Data Collection: The foundation of R2R, where all financial transactions are accurately recorded.

Process 52

Process Finance Reconciliation Compliance 52

FloQast

OCTOBER 30, 2024

With a suite of new products , including FloQast Journal Entry Management , FloQast AI Transaction Matching , and FloQast Consolidation , we’re setting the stage for a new era of efficiency and accuracy. FloQast AI Transaction Matching takes on the tedious task of matching transactions, harnessing AI to improve speed and accuracy.

Automation 98

Automation Accounts Process AI 98

Nanonets

MAY 22, 2025

The month-end close can often feel like Groundhog Day, with teams working overtime to process hundreds of invoices, match countless transactions, and catch any unusual entries before they become problems. It will help you drill down into specific transactions.   They can be time-consuming and error-prone.

Automation 52

Automation AI Payment APIs and Integration Reconciliation 52

PYMNTS

APRIL 5, 2020

Record to Report software provider Trintech has partnered with Sage in order to collaborate on new, speedier financial close processes, a press release states. By reducing the amount of things IT departments have to do in that process and taking out manual processing duties, the speed of the process is increased, the release promises.

Reconciliation 64

Reconciliation Close Processes Process Returns 64

Nanonets

FEBRUARY 8, 2024

Among finance professionals and business leaders, AP automation is quickly shifting from an exploratory endeavor to a key strategic priority. Tipalti is a finance automation platform that has been around since 2010. Paving the way during the early days of finance automation efforts, Tipalti has evolved with the needs of its users.

Finance 52

Finance Automation Multi-Currency Accounts 52

PYMNTS

JANUARY 26, 2018

“Managing the month-end close is a process of continual improvement,” he said. It’s best practice to review the just-completed close and look for opportunities to be better next time.”. The core of the close process remains the same: corroborate the numbers in the general ledger,” explained Feinstein.

Close Processes 47

Close Processes Innovation FinTech Accounts 47

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. 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

DECEMBER 1, 2016

JetClosing, the real estate startup focused on making the closing process on a new home less complex, announced Wednesday (Nov. 30) it has closed on $2.3 million in venture capital seed financing. The idea behind the startup is to streamline the process once a person finds a home to purchase.

Close Processes 51

Close Processes NOV Addressing Process 51

Nanonets

JUNE 13, 2024

Want automated data extraction capabilities once you upload your documents (meaning no data entry or creating templates) and transaction matching powered by ML algorithms (meaning AI matching) across documents you either upload, receive from an email or provide connection to the database ? Use CubeSoftware.

Reconciliation 52

Reconciliation Automation Accounts Close Processes 52

Nanonets

MAY 6, 2024

This article explores how leveraging a dedicated reconciliation software, BlackLine , not only minimises errors and enhances productivity by streamlining workflows and empowering finance professionals to focus on strategic initiatives.     What is BlackLine?  BlackLine

Reconciliation 52

Reconciliation Accounts Audit Automation 52

PYMNTS

DECEMBER 3, 2020

They're concepts that naturally extend in the back office and into 6Sense's own workflows, particularly when it comes to finances. Indeed, Goldenberg agreed that it's important for finance teams to be strategic about the tools they choose to implement. There need to be specific outcomes from that process that you're targeting.".

B2B 72

B2B Checks Mitigation Process 72

Nanonets

JUNE 24, 2024

Credit card reconciliation is the process of ensuring that the credit card transactions match the internal general ledger. Credit cards have made it easier for businesses to process payments. The transactions need to be verified to ensure that they are authorized and match the purpose and amount of the expense.

Reconciliation 52

Reconciliation Credit Cards Correspondent Issuers 52

Nanonets

JUNE 14, 2024

Challenges of Balance Sheet Financial Close The reconciliation process during the financial close can be challenging for finance teams due to disconnected data sources, a lack of automation, and the sheer volume of transactions. This might lead to potential financial losses and incorrect reporting.

Reconciliation 52

Reconciliation Adjustments Automation Accounts 52

Nanonets

JUNE 18, 2024

Inter-Company Reconciliation Reconciliation process of transaction amounts between entities belonging to the same parent company. Credit Card Reconciliation Comparing company credit card receipts with credit card statements is very important to ensure that all transactions are accurately recorded.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52

Nanonets

NOVEMBER 27, 2023

These transactions – both incoming and outgoing payments – determine whether or not a business will continue to function. At its core, a netting payment is a way to simplify the number of transactions between your organization and an external business partner of some kind.

Payment Amount 52

Payment Amount Venmo Settlement Process 52

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.

Best Practices 52

Best Practices Reconciliation Adjustments Correspondent 52

Nanonets

JULY 21, 2023

Reconciliation software is a specialized application that automates and streamlines the financial closing process for businesses. Reconciliation software is vital for modern finance departments, enabling CFOs to fulfill strategic responsibilities by providing accurate and real-time financial data to stakeholders.

Reconciliation 52

Reconciliation Payment APIs and Integration Automation Online and Mobile Banking 52

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. Following the close, many businesses will also need to open their accounts up for auditors – who will rigorously check their accuracy.

Reconciliation 52

Reconciliation Audit Automation Accounts 52

Nanonets

JUNE 27, 2024

Reconciliation is a crucial accounting process that ensures the accuracy of the financial close process. Bank reconciliation is essential since it helps in the early detection of fraud, prevents financial statement errors during manual data entry, and provides a clearer picture of the company's finances.

Accounts 40

Accounts Reconciliation Adjustments Checks 40

Nanonets

FEBRUARY 14, 2024

Think of these codes as the secret sauce that helps businesses organize their finances, making sure every dollar spent or earned is tracked accurately. General Ledger Codes, or GL Codes, are unique alphanumeric strings that classify and record financial transactions within a company’s general ledger.

Transactions 52

Transactions Audit Accounts Automation 52

Nanonets

APRIL 5, 2024

Whether you're a finance pro, a decision-maker, or a business owner, this in-depth Tipalti vs. Airbase comparison will give you the insights you need to choose the right AP automation solution for you. Easy customization Streamline your financial close process with Nanonets' built-in reconciliation and verification tools.

Automation 52

Automation Multi-Currency Compliance Process 52

Nanonets

JUNE 23, 2023

Balance sheet reconciliation is a critical process in finance and accounting that ensures the accuracy and integrity of financial statements. While it may seem like a straightforward process, there are common mistakes that can hinder the effectiveness of balance sheet reconciliation.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

Nanonets

APRIL 19, 2023

As a business owner, you are already juggling a multitude of tasks, but maintaining a firm grip on your finances is always the top priority. Consider the size of your business, the complexity of your financial transactions, and the specific accounting tasks you need the software to perform. Consider the access and storage features.

Accounts 52

Accounts Payment APIs and Integration Automation Process 52

Nanonets

FEBRUARY 28, 2024

We'll unravel the Chart of Accounts, the backbone of the GL, detailing how transactions are organized and recorded. 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.

Automation 52

Automation Payment APIs and Integration Accounts Transactions 52

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. This could also lead to late payments or in some cases potential vendor fraud.

Automation 52

Automation Payment APIs and Integration Accounts Audit 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. In essence, accounts payable forms the backbone of your finance operations.

Automation 52

Automation Accounts Payment APIs and Integration Process 52

Nanonets

FEBRUARY 8, 2024

It captures new sales, tracks inventory, and monitors financial transactions, and provides key data to decision-makers in most functions. Automate the monthly close process. Build a self-service vendor or customer portal to check the status of their transaction. Manage projects and their budgets seamlessly.

Payment APIs and Integration 52

Payment APIs and Integration Automation CRM API 52

FloQast

DECEMBER 13, 2023

He presented a 218-page report that read like a horror movie – financial transactions with no economic substance, designed to manipulate earnings and personally enrich Enron’s leaders. It requires companies to disclose more information, including off-balance sheet transactions and relationships.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

Nanonets

SEPTEMBER 22, 2023

This requires a high level of attention to detail and accuracy in recording financial transactions. The accounts payable team must also work closely with other departments, such as purchasing and finance, to ensure that all financial data is accurate and up-to-date. Q: What is an accounts payable system?

Accounts 40

Accounts Best Practices Automation Compliance 40

CB Insights

JUNE 3, 2020

At the same time, those payments companies serving the e-commerce space are seeing their transaction volumes sharply accelerate. Payments companies targeting verticals hit hardest by Covid-19 such as travel, restaurants, and events and entertainment, among others, will have to find new sources of transaction volume in order to survive. .

Online and Mobile Banking 75

Online and Mobile Banking Volume On-Demand Underwriting 75

FloQast

DECEMBER 18, 2024

The monthly close comprises a set of steps, including capturing, reviewing and documenting transactions and expenses, which must be completed before a cutoff point. Step 2 – Close expense accounts to Income Summary: After expenses are closed to Income Summary, the balance in that account is net income for the period.

Close Processes 98

Close Processes Process Accounts Adjustments 98

The Finance Weekly

FEBRUARY 26, 2025

The platform enables cash flow management, balance sheet analysis, and financial forecasting, making it an ideal tool for finance teams looking for an integrated planning system. Automated Consolidation Reduce errors by automating financial close processes. Who Its Meant For?

AI 130

AI CRM Automation Process 130

EBizCharge

NOVEMBER 11, 2024

The goal is to confirm that all transactions are accounted for and properly recorded. Regular reconciliation helps identify errors or inconsistencies due to human error or overlooked financial transactions, thus ensuring the integrity of financial reporting.

Reconciliation 52

Reconciliation Best Practices Non-Bank Audit 52