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Deepseek AI Takes Root In China’s Banks

Global Finance

Bank of Jiangsu says the app is powering contract quality inspection and automatic reconciliation evaluations as well as the mining and analysis of massive amounts of financial data. Bank of Beijing uses the app for data analysis through a partnership with Chinese IT conglomerate Huawei.

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Rethinking Reconciliation Amid Deeper Corporate Finance Disruption

PYMNTS

The reconciliation process is traditionally viewed in the context of financial transactions: Does the value of a company payment match with what the company was billed, and what the company had purchased? Yet the reality is that the reconciliation process is rarely ever straightforward. Beyond Data Matching. Payment Rail Confusion.

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The Guide for an Accurate Bank Reconciliation

The Finance Weekly

What Is Bank Reconciliation? Bank reconciliation is a process companies use to ensure that their recorded cash balances align with the actual cash held in their bank accounts. Nevertheless, banks still manage most business accounts, and the same reconciliation procedures can be applied to these other cash positions.

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Taking a strategic approach to AI adoption

Future CFO

As businesses navigate their way around various technological advancements, finance teams are faced with the task to integrate analytics and automation into their existing processes, determining at the same time which specific system to transform first for maximum operational impact.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Standard Chartered calls for ISO 20022 adoption for frictionless cross-border transactions

Future CFO

The whitepaper focuses particularly on the potential of ISO 20022 XML, a messaging format that is specific to reducing friction in account receivable reconciliation and cash allocation processes.

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Automated Financial Reporting: A call to Excellence

CFO Talks

The Power of Automation Automation in financial reporting is more than a technological upgrade; its a cultural shift. To mitigate this, CFOs can start small; automating reconciliation and reporting workflows first before scaling. A Call to Action for CFOs This isnt just about technology; its about leadership. A solution?