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

The Finance Weekly

OCTOBER 13, 2021

Companies that embrace business model innovation are transforming sectors by shifting from transactional to service-based business models that guarantee a consistent and recurring revenue stream. So, how can businesses take advantage of automation to speed up the financial close? Think through the “extended” process.

Risk Management 130

Risk Management Risk Automation Close Processes 130

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

Paystand

MARCH 13, 2024

Month-end close is the finalization of all financial transactions and reports at the end of each month. But fear not—this guide will explore improving your month-end close process, streamlining your financial operations, and making life easier for your finance team.

Finance 52

Finance Close Processes Process Transactions 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

FloQast

MARCH 27, 2024

Now, teams can automate bank and clearing accounts with high transaction volumes and risk for fraud with FloQast AI-Assisted AutoRec Matching — saving teams hours or even days each month, automating the matching of thousands of transactions and identifying exceptions in just minutes. Accuracy And now we’ve come back to accuracy.

Reconciliation 105

Reconciliation Audit Accounts Best Practices 105

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

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

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

The Fintech Times

JULY 3, 2025

Stacks AI , a startup focused on automating the financial close process, appoints former Plaid and McKinsey executive Farid Sedjelmaci as COO. Partnerships and collaborations Orbital , a cross-border payment platform bridging stablecoins and fiat, has partnered with ClearBank Europe to enable real-time euro transactions via SEPA.

FinTech 59

FinTech Payee AI Verification 59

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

PYMNTS

JUNE 10, 2020

The desire to digitize the real estate closing process is not new. Electronic real estate closings, or eClosings, have been available since the early 2000s. It’s amazing because we’ve been able to eliminate two full days from a transaction,” Schlimmer said. RON services were legal in 23 U.S.

Legal 52

Legal Money Laundering On-Demand Legal Framework 52

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

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 52

Reconciliation Accounts Audit Automation 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

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

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

Nanonets

JULY 21, 2023

Reconciliation software is a specialized application that automates and streamlines the financial closing process for businesses. It streamlines and accelerates the reconciliation process, reducing costs, optimizing resources, and enhancing financial governance. What is reconciliation software? Sources: [link] [link] 2.

Reconciliation 52

Reconciliation Payment APIs and Integration Automation Online and Mobile Banking 52

PYMNTS

DECEMBER 3, 2020

The pandemic has certainly accelerated digitization efforts and migration to electronic B2B payment methods, but interestingly, Goldenberg said he's observed more of 6Sense's clients not necessarily embracing ACH transactions over checks.

B2B 72

B2B Checks Mitigation Process 72

The Finance Weekly

JUNE 17, 2024

Planful has revolutionized the forecasting process from an Excel-based task into a seamless, real-time operation with greater accuracy. It has significantly sped up forecasting timelines, provided transactional-level comparisons of actuals versus forecasts, and reduced manual report creation and distribution.

AI 130

AI Addressing Automation Finance 130

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

JULY 24, 2023

This essential practice involves comparing transactions and other financial activities with supporting documentation and resolving any discrepancies that may arise.     Financial reconciliation is a recurring process that encompasses various sources of financial information within a business.

Reconciliation 52

Reconciliation Finance Duplicate Accounts 52

Nanonets

MAY 7, 2023

With the rising company transactions comes the credit card reconciliation or reconciliation process. It ensures that credit card transactions match your bank statement transactions. While it sounds simple, many intricacies are involved in the process. Billion in 2020 only for North American regions.

Reconciliation 52

Reconciliation Credit Cards Automation Accounts 52

FloQast

OCTOBER 21, 2024

Step 3: Make Your New System Work for Your Business Customizing the new system to mirror your existing processes (and connecting them with the apps you already use) will make your transition that much smoother. Show your team how to use your software to streamline data integration, transaction matching, and discrepancy identification.

Reconciliation 52

Reconciliation Automation Process Best Practices 52

Nanonets

FEBRUARY 14, 2024

General Ledger Codes, or GL Codes, are unique alphanumeric strings that classify and record financial transactions within a company’s general ledger. Each transaction entered into the GL is tagged with a GL code, acting as a marker that categorizes every inflow and outflow into its appropriate GL account.

Transactions 52

Transactions Audit Accounts Automation 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. 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 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. Key takeaways: Bank reconciliation is the transaction matching of your records against the bank statement. Prevent fraud by flagging unrecorded transactions and prompt investigation.

Accounts 40

Accounts Reconciliation Adjustments Checks 40

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

APRIL 5, 2024

Airbase's spend management features, such as real-time transaction monitoring, automatic receipt matching, and customizable approval workflows, make it attractive for businesses seeking better control over their expenses. Tax compliance and international transactions also require upgrading. Contact Tipalti's sales team.

Automation 52

Automation Multi-Currency Compliance Process 52

Nanonets

APRIL 4, 2023

Recording business transactions in Excel is simple. Imagine looking at the register of your bank transactions in your banking app. You can see every activity: your direct deposit, your cell phone bill, the pizza you ordered, and a balance that shows how much is in the account after every transaction. Ready for the crash course?

Small Business 52

Small Business Accounts Automation Payment APIs and Integration 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 19, 2023

Machine learning to automate tasks like matching invoices to accounts : By analyzing past transactions, machine learning algorithms can "learn" to make accurate matches and reduce the need for manual intervention. Compare different pricing plans and subscription models to find the one that fits your budget.

Accounts 52

Accounts Payment APIs and Integration Automation Process 52

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. Investigate Discrepancies Analyze the discrepancies found during the comparison process.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

FloQast

JANUARY 22, 2024

For bank reconciliations, the accounting software will automatically match the corresponding entries (between the bank and the cash ledger), remove duplicate transactions, and identify outstanding transactions. We’re talking about faster processes and workflows instead of lengthy and tiresome manual processes.

Automation 52

Automation Reconciliation Audit Accounts 52

Nanonets

APRIL 17, 2023

Seamlessly integrate the monthly accounting close process with any ERP, accounting software, or business tool. Integration with accounting AP automation software commonly integrate with accounting software to automate financial entries related to vendor payments.

Automation 52

Automation Payment APIs and Integration Accounts Audit 52

Nanonets

FEBRUARY 8, 2024

   Advantage 3: In-app Reconciliation & Verification  Get rid of your complex Excel macros and niche data analytics tools, and instead, use Nanonets to reconcile account balances, tie out final totals, and even set approval rules for certain transactions. It’s like another layer of financial security!

Finance 52

Finance Automation Multi-Currency Accounts 52

Fintech Labs Insights

APRIL 28, 2016

Consumer self-serve capability in the closing process. Sokoll-Ward is an ex-Google consumer tech veteran taking on broken financial transactions. Kirst is an ex-Salesforce engineering maven taking on broken financial transactions. Presenters: Nathaniel Sokoll-Ward, Head of Product . Jonathan Kirst, CTO.

Close Processes 14

Close Processes Automation Transactions Consumer 14