FloQast

OCTOBER 27, 2023

While it can feel burdensome, compliance management has become a critical risk management feature and is too important to ignore. Unfortunately, compliance management is no walk in the park. The overarching aim of compliance management is to ensure organizations mitigate risk and build a deep-rooted culture of compliance.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

Fintech Finance

MAY 21, 2024

E-invoicing is increasingly taking priority within CFO departments alongside e-reporting requirements from local governments or tax authorities. Accounting teams will be required to comply with specific legislation when sending and receiving electronic invoices.

Automation 52

Automation Duplicate Best Practices Finance 52

Nanonets

MAY 7, 2024

By comparing these records, businesses can identify any discrepancies, such as missing or duplicate transactions, incorrect or false amounts, or any unauthorised expenses and transactions. This process is essential for maintaining financial accuracy, compliance with regulations, and preventing fraud or errors.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

FloQast

JANUARY 22, 2025

As a result, CFOs and their teams are under serious pressure to meet these challenges and modernize their accounting departments without sacrificing efficiency, accuracy, and compliance. To keep up with new reporting mandates, like ESG reporting , accounting departments need systems that can adapt quickly and reliably.

Accounts 52

Accounts AI Automation Audit 52

Nanonets

APRIL 2, 2024

Updating Internal Records and Bank Statement: Ensuring internal records align with the reconciled figures, facilitating accurate financial reporting, audit compliance, cash flow management, and fraud detection.   This can include anything from missing or duplicate transactions to unauthorized charges or fraudulent activity.

Reconciliation 52

Reconciliation Adjustments Automation Regulatory Compliance 52

Nanonets

JANUARY 17, 2024

safeguarding a business from errors, fraud, and compliance nightmares. Regulatory Compliance – Don’t Mess with The Law : Automated expense management ensures that you're always on the right side of the law, avoiding costly legal pitfalls. Then there's the behemoth of policy compliance.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

Nanonets

JUNE 29, 2023

These features enable businesses to accurately track and manage expenses, ensure compliance with expense policies, and gain valuable insights into spending patterns. Complex approval workflows, duplicate alerts and fraud detection Payment and reconciliation that works like magic.

Payment APIs and Integration 52

Payment APIs and Integration Automation Credit Cards Online and Mobile Banking 52