Nanonets

SEPTEMBER 21, 2023

Finance automation  is revolutionizing the way businesses manage their financial processes, streamlining operations, and maximizing productivity. Key areas that can benefit from automation include  accounts payable ,  accounts receivable ,  spend and expense management , and  financial reporting.

Automation 52

Automation Finance Assessments Compliance 52

Nanonets

APRIL 3, 2024

Picture this: a team of expert bookkeepers diligently managing your financial records and transactions without setting foot in your office. It's the reality of virtual bookkeeping, transforming how businesses manage their finances in the 21st century. Sounds futuristic? What is Traditional Bookkeeping?

Automation 74

Automation Payment APIs and Integration Reconciliation Financial Analysis 74

PYMNTS

DECEMBER 19, 2019

Furthermore, accountants request monthly bank statements and other financial documents from their small business clients to analyze that information and provide feedback. However, running a small business is often a 24/7 year-round job, often having questions on a Saturday morning or needing financial analysis in real time.

Accounts 53

Accounts Finance Small Business On-Demand 53

Nanonets

JULY 25, 2023

What is financial data analysis? Gartner defines financial analysis as the process that provides “insight into the financial performance of an organization.” Financial data analysis involves forecasting, planning, budgeting, and reporting to optimize business processes.

Financial Analysis 52

Financial Analysis Payment APIs and Integration Assessments Automation 52

Fintech Finance

MAY 21, 2024

Streamlined Processes & Approvals: The integration pre-codes every eligible American Express transaction with vital expense information (category codes, custom expense fields), making expense submissions and approvals effortless.

Reconciliation 52

Reconciliation Enrollments Commercial Card Transaction Limits 52

Nanonets

APRIL 29, 2024

Unlocking Efficiency: A Guide to Intercompany Reconciliation Software Modern businesses, with the predominance of remote work and globalised operations, often have to deal with intercompany transactions. Managing such transactions can be cumbersome without the right tools and solutions, however. 

Reconciliation 52

Reconciliation Audit Automation Transactions 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. This process ensures that the financial statements reflect the true financial position of the organization and adhere to accounting standards.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

EBizCharge

JUNE 17, 2024

Double-entry accounting can revolutionize how businesses track their finances by unlocking a deeper understanding of their financial health. Double-entry accounting hinges on a fundamental concept: every business transaction impacts two separate accounts. What is double-entry accounting?

Accounts 52

Accounts Fraud Prevention Transactions On-Demand 52

Nanonets

APRIL 29, 2024

As you look into the labyrinth of spreadsheets and ledger entries, you stumble upon discrepancies in your balance sheet—a familiar scenario for many finance professionals. From multiple currencies to diverse payment methods, the sheer volume and variety of transactions make manual reconciliation prone to errors and delays.

Reconciliation 52

Reconciliation Payment APIs and Integration Audit Regulatory Compliance 52

EBizCharge

JUNE 6, 2024

As digital transactions become the norm, businesses need robust solutions to seamlessly handle financial activities. Enterprise Resource Planning (ERP) systems emerge as an essential tool to ensure these seamless financial activities. Each is designed to facilitate seamless business processes and enhance overall efficiency.

Credit Cards 52

Credit Cards Process Payment Gateways Gateways 52

Nanonets

SEPTEMBER 18, 2024

Financial document automation Financial documents of different types Every company, regardless of its primary business focus, deals with finance-related activities. Use cases of financial document automation Document automation in the realm of finance and accounting is used in many sectors.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

Nanonets

APRIL 24, 2023

PDF → Excel Convert PDF bank statements to Excel  Try for Free A bank extract is data extracted from bank statements or other financial documents. These are official documents issued by a bank that provide detailed information on a customer's account transactions and balances.

Assessments 52

Assessments Automation Fraud Detection Risk Assessment 52

Nanonets

APRIL 4, 2023

However, with many factors to consider, such as property location, market conditions, tenant occupancy, and financing options, it can be challenging to know where to begin. It automates complex financial analysis and calculations, saving time and reducing the risk of errors. This is where Argus modeling can help.

Due Diligence 52

Due Diligence Underwriting Assessments Returns 52

FloQast

JANUARY 1, 2025

Whether youre a seasoned accountant, a finance executive looking to learn a bit more about the tools floating around, or an entrepreneur ready to take a leap on a new tech stack, understanding how AI is reshaping the world of accounting is crucial. However, we can do it a bit more easily than our predecessors.

AI 52

AI Accounts Audit Fraud Detection 52

Nanonets

APRIL 15, 2024

Integrate Nanonets Reconcile financial statements in minutes Try for Free This article presents the importance of bank reconciliation statements and provides insights into the benefits of automation in the generation of bank reconciliation statements.   It is important in maintaining financial integrity transparency and health.

Reconciliation 52

Reconciliation Adjustments Checks Correspondent 52

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. GL Codes are not just about keeping things neat; they're about making smarter financial decisions, simplifying tax time, and ensuring your business runs smoothly.

Transactions 52

Transactions Audit Accounts Automation 52

EBizCharge

AUGUST 21, 2024

By maintaining a project ledger for tracking direct costs, overhead costs, labor, and other project expenses, project accounting ensures accurate and timely financial reporting. The core concepts of project-based accounting include resource management, project budgeting, and recording all financial transactions on an accrual basis.

Accounts 52

Accounts Assessments Fraud Prevention Best Practices 52

Nanonets

FEBRUARY 6, 2024

It's a crucial step in the intercompany accounting process and for preparing a consolidated statement for financial reporting. Continue this process till all transactions are matched. Reconciliation : Intercompany transactions are matched, verified, and documented with supporting documents. What is Intercompany accounting?

Reconciliation 52

Reconciliation Adjustments Automation Transactions 52

Nanonets

SEPTEMBER 23, 2024

  Sample bank statement with key fields Bank statement analysis is the process of systematically reviewing and interpreting all entries in a bank statement over a specific period.    It's like putting your financial transactions under a microscope better to understand your business's financial health and activities.

Payment APIs and Integration 52

Payment APIs and Integration AI Audit Non-Bank 52

Nanonets

MARCH 4, 2024

Integration with Financial Systems : AI can seamlessly integrate expense management systems with other financial software, such as accounting systems or ERP solutions. This integration facilitates real-time financial analysis and helps maintain accurate financial records.

AI 52

AI Payment APIs and Integration Fraud Detection Automation 52

Nanonets

FEBRUARY 8, 2024

Integrating Nanonets with QuickBooks streamlines operations, reducing errors and freeing up time for your finance teams. This dynamic duo is sure to overhaul your finance and accounting function in the best way possible. One of the only business functions that isn’t already integrated into HubSpot is finance and accounting.

Payment APIs and Integration 52

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

Nanonets

JULY 18, 2023

We'll also explore how these intelligent automation tools empower finance teams with smart AI, seamless integration, and user-friendly functionalities to revolutionize their AP workflow and drive transformative results. This ensures that financial data is accurately recorded in the appropriate ledger accounts without manual intervention.

Automation 52

Automation Reconciliation Audit Correspondent 52

Nanonets

JUNE 15, 2023

As businesses grow and financial transactions become more complex, accounting automation becomes vital. Keeping financial data on basic computer applications without proper security measures can expose sensitive information to unauthorized access and cyberattacks. This reduces the workload on finance teams.

Automation 52

Automation Accounts Payroll Process 52

Nanonets

FEBRUARY 28, 2024

We will start with the basics: What exactly is a General Ledger, and why is it paramount to your business's financial health? We'll unravel the Chart of Accounts, the backbone of the GL, detailing how transactions are organized and recorded. What is a General Ledger? Let's understand this in detail.

Automation 52

Automation Payment APIs and Integration Accounts Transactions 52

EBizCharge

AUGUST 14, 2024

4 types of solvency ratios and their formulas Within financial analysis, various solvency ratios assess a company’s ability to meet its debt obligations. Each ratio utilizes different financial statement components to offer insights into its solvency. Equity Ratio = ($800,000 / $2,000,000) = 0.4

Assessments 52

Assessments Risk Finance Regulations 52

Nanonets

MARCH 4, 2024

Business expense categories are a systematic classification of costs incurred during the operation of a business, designed to organize and track financial outflows for purposes such as tax preparation, budgeting, and financial analysis. Why Categorize Business Expenses? Why is all this important, you may ask?

IRS 52

IRS Online and Mobile Banking Credit Cards 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. Limitations in customization, filtering, and exporting options can disrupt financial analysis and decision-making.

Automation 52

Automation Multi-Currency Compliance Process 52

EBizCharge

MARCH 12, 2024

As 2024 brings many economic challenges , staying ahead of your finances is more important than ever. Accounts receivable turnover ratio example In this example, Sal’s Supplies store is reviewing its finances for the year to determine its turnover ratio. This can improve efficiency and productivity within the finance department.

Accounts 52

Accounts Automation Returns Gateways 52

Nanonets

APRIL 30, 2024

Due Diligence: Automating the extraction of data from corporate documents, regulatory filings, and financial statements to conduct due diligence during mergers, acquisitions, or investment transactions. Best for : improving data extraction, and gain deeper insights from unstructured or structured document information.

AI 52

AI Due Diligence Automation Use Case 52

Nanonets

AUGUST 22, 2023

Finance and Banking: Financial institutions deal with vast amounts of data, including transaction records, account balances, investment portfolios, and risk assessments. Excel automation can streamline financial analysis, reporting, budgeting, and regulatory compliance processes. Start free trial today.

Automation 52

Automation Process Volume Consulting 52

PYMNTS

FEBRUARY 27, 2018

Small businesses (SMBs) in particular can have trouble not only gaining access to their financial data, but also making sense of it. For franchise owners, financial data isn’t just stored across systems; it’s stored across various business locations, making financial analysis even more difficult.

Checks 40

Checks B2B FinTech Small Business 40

Nanonets

NOVEMBER 19, 2023

There are no messy records, just tidy transactions. It paves the way for flawless financial records, better cash flow, and smooth business operations. Your financial records should show this transaction correctly, marking the invoice as settled. Settlement of invoices isn’t simply about paying off a bill.

Settlement 52

Settlement Disputes Payment APIs and Integration Accounts 52

Nanonets

SEPTEMBER 21, 2023

Material Errors in Financial Statements Accurate financial reporting is crucial for any business, but  material errors  can occur due to human mistakes or data entry errors. These errors can have a significant impact on financial statements, leading to incorrect financial analysis and decision-making.

Accounts 52

Accounts Audit Payroll Compliance 52

Nanonets

MARCH 22, 2023

OCR is widely used in industries such as healthcare, finance, logistics, and legal services to streamline document workflows, reduce manual data entry errors, and improve operational efficiency. Their solution can automatically recognize and extract key data, such as transaction amounts, dates, and descriptions.

Automation 52

Automation Payment APIs and Integration Legal API 52

Nanonets

FEBRUARY 13, 2024

When it comes to managing your business finances, one of the fundamental steps you can take is to categorize your expenses. This involves developing a comprehensive list of popular business expense categories, ensuring that each transaction your company makes is neatly assigned to its rightful place. Why Categorize Business Expenses?

IRS 52

IRS Automation Adjustments Audit 52

Nanonets

SEPTEMBER 22, 2023

With automated processes, data is captured and recorded accurately in real-time, providing organizations with a comprehensive and up-to-date view of their financials. This enables better financial analysis, forecasting, and planning. Furthermore, RPA enhances compliance in accounting processes.

Automation 40

Automation Accounts Process Reconciliation 40

Nanonets

SEPTEMBER 23, 2023

Financial Accounting: Financial accounting  is the backbone of accounting practices, focusing on the preparation and presentation of financial statements. It involves recording and reporting financial transactions, ensuring compliance with accounting principles and regulations.

Accounts 52

Accounts Regulations Compliance Audit 52