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What the Accounting Shortage Means for Finance

Paystand

AI in accounting is automating repetitive tasks and processing vast amounts of data in real time, freeing finance teams to focus on strategic work. Financial institutions are leveraging fraud detection, credit decisions, and risk management powered by large language models and machine learning.

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Four Techniques Companies Use To Advance In Today’s New Economic Environment

The Finance Weekly

Organizations may , eliminate many of the manual processes that stymie a company's ability to accomplish a speedy financial closure by employing AI and machine learning to automate financial close processes including account reconciliation and reporting. Think through the “extended” process. Secure a quick win.

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Transforming Compliance: The Joint Chiropractic and FloQast’s Accounting Automation Platform

FloQast

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.

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How loan automation can improve loan origination and overall operational efficiency

Nanonets

How Loan Automation is Streamlining Every Step of the Lending Process Loan automation leverages artificial intelligence (AI), machine learning, and automation technologies to transform the lending process. This enables lenders to proactively identify potential issues and take corrective action when needed.

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A Complete Guide to BlackLine Account Reconciliation

Nanonets

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.  

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What is Record-to-Report (R2R Process) in Finance?

Nanonets

Business owners or managers might review financial reports to identify trends, profitability, and areas for cost savings, relying on their intuition and experience rather than sophisticated analytical tools. Closing The closing process benefits from the structured approach provided by ERP systems, which offer checklists and workflows.

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Master SOX Compliance: A Comprehensive Guide for 2023

FloQast

“I felt FloQast was more flexible and able to manage our needs as a global team,” Cardozo recalled, adding that FloQast’s close checklist was more streamlined and granted the geographically disparate teams more visibility into the close process.