FloQast

MAY 15, 2024

The month-end Close process suffered from recurring errors, a lack of accountability, and time-consuming reconciliations across numerous bank and general ledger (GL) accounts. Results Achieved : With FloQast, Ascent Aviation streamlined their 20-day close process to just 10 days.

Reconciliation 105

Reconciliation Automation Close Processes Accounts 105

The Finance Weekly

APRIL 12, 2022

When it comes to the annual budgeting process, building a rapport with these department heads will go a long way. Evaluate current financial processes Although number four on the list, this one could be a standalone white paper or blog post in itself. Budgeting and resource allocation are two processes worth mentioning.

Finance 245

Finance Process Accounts On-Demand 245

FloQast

FEBRUARY 29, 2024

Every minute saved in the financial close process can translate to significant organizational gains. With a threefold increase in revenue and employee count, the company recognized the pressing need to streamline its financial close process. In the fast-paced world of finance, efficiency and accuracy are paramount.

Close Processes 105

Close Processes Finance Process Automation 105

FloQast

JUNE 17, 2024

With a diverse portfolio and operations spanning multiple continents, the company faced significant challenges in its month-end Close process. Aspect Energy’s monthly Close times ranged from 15 to 45 days, creating delays in financial reporting and decision-making. Improvements Seen: U.S.

Close Processes 98

Close Processes Best Practices Accounts Process 98

FloQast

FEBRUARY 14, 2024

In the fast-paced finance and accounting world, keeping up with regulations and ensuring a smooth Close are crucial organizational processes. With its Close operating smoothly, a.k.a Brands , Brandon Peters, optimize processes, streamline compliance efforts, and boost efficiency. Brands’ accounting procedures.

Compliance 105

Compliance Reconciliation Close Processes Automation 105

PYMNTS

APRIL 10, 2020

While flashy corporate FinTech is exciting, innovation efforts have rarely focused on a mainstay of corporate finance teams: the financial close process, a crucial, but continually outdated function. For corporations that continue to rely on paper and manual processes, this challenge is significantly elevated.

Close Processes 87

Close Processes Finance Automation Process 87

The Paypers

APRIL 5, 2020

Trintech , a global provider of integrated Record to Report software solutions for the office of finance, has teamed up with Sage to help companies boost the financial close processes.

Close Processes 28

Close Processes Process Finance 28

FloQast

AUGUST 22, 2024

(G&W ) , a major freight railroad operator with 115 railroads globally, was facing challenges in their month-end Close process, complicated by a pending ERP migration. FloQast offered immediate productivity gains, comprehensive ERP migration support, and a smooth implementation process, making it the ideal solution for G&W.

Reconciliation 86

Reconciliation Audit Close Processes Compliance 86

FloQast

FEBRUARY 19, 2024

In the wake of its IPO, Zoom faced the challenge of restructuring its month-end Close process to accommodate its expanding operations and to ensure compliance with regulatory standards. We use FloQast for a lot of different things — not just the close. We actually use FloQast for SEC reporting,” Jeanne said. “We

Posting 105

Posting Close Processes Compliance Facilitators 105

The Finance Weekly

OCTOBER 13, 2021

It's critical that everyone from HR and finance to engineering and sales is involved in the innovation process for your business model transition to be effective. Assign owners to each business process in IT, finance, operations, and other areas to ensure that everyone is working toward the same goal.

Risk Management 130

Risk Management Risk Automation Close Processes 130

FloQast

JANUARY 10, 2024

Embodying the spirit of “Small teams can do great things,” the team leaned on FloQast, streamlining their financial processes and ultimately setting the stage for a successful IPO. Streamlining the Month-End Close With 8.4 But Cricut’s small, but mighty, accounting team rose to the challenge.

Accounts 105

Accounts Reconciliation Compliance Close Processes 105

FloQast

AUGUST 14, 2024

Fanatics , a global leader in sports fan experiences and v-commerce, was grappling with an inefficient month-end Close process. Discovering FloQast marked a turning point for Fanatics, providing the efficiency and control needed to enhance their financial processes.

Reconciliation 80

Reconciliation Close Processes Audit Compliance 80

FloQast

OCTOBER 21, 2024

For accounting professionals, implementing a solid automated bank reconciliation process can change the way they approach financial operations within their business. Standardize your reconciliation process: Implementing a consistent process can help reduce errors and improve efficiency, even when most of the tedious work is automated.

Reconciliation 52

Reconciliation Automation Process Best Practices 52

Nanonets

MARCH 26, 2023

Mortgage processing automation helps companies reduce the manual workload involved in mortgage origination and processing, in order to improve accuracy and efficiency. In this post, we will explore how mortgage processing automation using Nanonets and OCR technology can improve your business. What is mortgage processing?

Automation 52

Automation Process Underwriting Origination 52

Nanonets

MARCH 20, 2023

What is the accounts payable process? The accounts payable process of a company is the management of its short-term payment obligations to vendors/suppliers. Accounts payable processing ensures timely payments to suppliers and vendors. Businesses might even occasionally opt for accounts payable outsourcing.

Process 52

Process Accounts Automation Checks 52

Nanonets

APRIL 24, 2023

PDF → Excel Convert PDF bank statements to Excel  Try for Free Loan origination is the process of applying for and obtaining a loan, including all the steps and activities that are involved in evaluating, approving, and disbursing the loan. Stage 6: Closing This is the final step in the loan origination process.

Origination 52

Origination Process Underwriting Automation 52

The Finance Weekly

NOVEMBER 3, 2021

Inter-company transactions, currency exchange rates and various non-cash activities only complicate things in an already complex, time-consuming process. Due to the inefficiencies and error proneness of account reconciliation through traditional processes, finance teams should automate through , new technologies in the industry.

Reconciliation 130

Reconciliation Automation Accounts Finance 130

The Fintech Times

MAY 10, 2025

The funding will be invested in expanding the finance operations solution and support the transition to autonomous expense processing. FloQast , an accounting transformation platform, has unveiled a strategic partnership with PwC Belgium focused on ‘revolutionising’ accounting close automation solutions.

FinTech 59

FinTech Legal Enrollments Non-Bank 59

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. Data Processing: Transactions are classified, sorted, and recorded in the appropriate accounts. It serves several purposes - 1.

Process 52

Process Finance Reconciliation Compliance 52

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 52

Close Processes Addressing Reconciliation Automation 52

FloQast

OCTOBER 13, 2024

He sought a more efficient alternative to Excel checklists, which were cumbersome for managing month-end close processes. From basic checklists to a comprehensive tool supporting the entire accounting process, it has been vital for us.” Letting them drive the process has been key to our success.

Accounts 98

Accounts Close Processes Innovation Process 98

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 98

Compliance Automation Accounts Audit 98

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. Open Banking initiatives in the EU, U.K.,

Close Processes 47

Close Processes Innovation FinTech Accounts 47

FloQast

NOVEMBER 18, 2024

FloQast Journal Entry Management — FloQast Journal Entry Management streamlines the entire journal entry process by automating workflows and integrating seamlessly with various ERPs, providing real-time visibility and control over entries across multiple entities.●

Compliance 98

Compliance Automation AI Product 98

FloQast

MARCH 27, 2024

A few weeks ago, we looked at the specific challenges surrounding the reconciliation process. This allows teams to capture best practices to ensure consistency and change processes as their organization scales. This is, of course, precisely why reconciliations are so core to the accounting function. Simply put: Not all recs tie out.

Reconciliation 105

Reconciliation Audit Accounts Best Practices 105

FloQast

SEPTEMBER 16, 2024

Faced with decentralized processes, they sought a solution that could unify and streamline their operations. Reduced administrative burdens, leading to streamlined processes. This choice ensured that Oregon Tool could maintain control over their processes without unnecessary complexity.

Compliance 81

Compliance Procedures Reconciliation Professional Development 81

The Finance Weekly

AUGUST 30, 2022

This process culminates in finding a solution that is the right price, fits the company’s needs, and will provide a high level of ROI sooner rather than later. It is a financial planning and analysis platform that automates time-consuming manual processes for financial reporting and planning.

Small Business 239

Small Business Finance Automation AI 239

The Finance Weekly

JUNE 17, 2024

With over 1,300 customers, including renowned companies such as Bose, 23andMe, and Five Guys, Planful is relied upon to improve its planning, budgeting, consolidation, reporting, and analytics processes. Planful has revolutionized the forecasting process from an Excel-based task into a seamless, real-time operation with greater accuracy.

AI 130

AI Addressing Automation Finance 130

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.

Reconciliation 52

Reconciliation Close Processes Accounts Transactions 52

PYMNTS

SEPTEMBER 18, 2020

The company provides sellers with a closing process that takes 45 days, which is “built on a commitment to fair, market-value offers and ethical, transparent negotiations,” according to the announcement.

Non-Bank 85

Non-Bank Close Processes Acquirers Economy 85

Paystand

NOVEMBER 17, 2023

It offers a 79% reduction in close time and lays the groundwork for a closing process that redefines industry standards. Explore how Sage Intacct's reporting and integrations herald a new era of financial management.

Close Processes 52

Close Processes Process 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

Paystand

MARCH 13, 2024

Month-end close—the two words that strike fear into the hearts of finance teams everywhere. It's the time-consuming, stress-inducing process that every business dreads. Month-end close is the finalization of all financial transactions and reports at the end of each month. Let's start with the basics.

Finance 52

Finance Close Processes Process Transactions 52

The Finance Weekly

APRIL 28, 2024

QuickBooks Online works with many apps, like: Payment processing software E-commerce platforms Inventory management systems Customer relationship management (CRM) Project management tools Integrating QuickBooks can be done through APIs (Application Programming Interfaces), custom-built integrations, or middleware.

Payment APIs and Integration 130

Payment APIs and Integration CRM Automation Multi-Currency 130

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 The idea behind the startup is to streamline the process once a person finds a home to purchase. JetClosing charges a fee as part of the transaction upon closing. “We

Close Processes 51

Close Processes NOV Addressing Process 51

PYMNTS

SEPTEMBER 23, 2020

There will also be automated responses to vendor and supplier inquiries about invoice payment status, approval status and short pay issues, the release stated.

Automation 70

Automation Finance Correspondent Close Processes 70

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. According to Baker, it’s the only way to get enough scale to actually move the process forward.

Automation 88

Automation Process Transactions Close Processes 88