Reconciliation

Bank Speeds Up Close and Audit with Automated Account Reconciliation Software

Retrieved on: 
Monday, September 30, 2019
Economy, Reconciliation, Banking, Business process management, Spreadsheet, Bank

NEW YORK, Sept. 30, 2019 /PRNewswire-PRWeb/ --SkyStem LLC, a provider of automated month-end close account reconciliation software, is pleased to announce First Federal Savings Bank's success story on reducing the accounting team's time spent on the account reconciliation process with ART.

Key Points: 
  • NEW YORK, Sept. 30, 2019 /PRNewswire-PRWeb/ --SkyStem LLC, a provider of automated month-end close account reconciliation software, is pleased to announce First Federal Savings Bank's success story on reducing the accounting team's time spent on the account reconciliation process with ART.
  • First Federal Savings Bank's reconciliation process was completely manual with the use of Excel spreadsheets.
  • The team was in need of a tool that provided visibility, transparency, efficiency, and automated tracking of reconciliation status each month.
  • Headquartered in the heart of New York City, SkyStem delivers a powerful close and account reconciliation application for organizations seeking to streamline their financial processes.

SmartStream Launches Instant Reconciliations Using Artificial Intelligence and Machine Learning

Retrieved on: 
Tuesday, September 24, 2019
Data management, Banking, Technology, Professional services, Other Professional Services, Software, Internet, Finance, Economy, Articles, Business, Reconciliation, Innovation, Productivity improving technologies

Haytham Kaddoura, CEO, SmartStream, states: SmartStream Air is like having a highly skilled virtual operations team on hand that you can tap into on demand.

Key Points: 
  • Haytham Kaddoura, CEO, SmartStream, states: SmartStream Air is like having a highly skilled virtual operations team on hand that you can tap into on demand.
  • Andreas Burner, CIO, SmartStream Innovation Lab, states: SmartStream Air is a complete game changer for reconciliation and transaction control.
  • Our innovative machine learning models incorporate more than 20 years of experience and have been optimised to auto-configure complex scenarios.
  • SmartStream Air and its incorporated artificial intelligence technology is completely automating transaction control processes and scales our clients productivity significantly.

BNG Bank Unveiled as Wolters Kluwer’s First OneSumX SaaS Regulatory Reporting Client

Retrieved on: 
Tuesday, September 24, 2019
Professional services, Technology, Software, Finance, Banking, Alphen aan den Rijn, Wolters Kluwer, Software, Publishing, Software as a service, Reconciliation, Computing

Wolters Kluwers Finance, Risk & Reporting (FRR) business has signed its first client for its recently launched software-as-a-service (SaaS) Regulatory Reporting solution .

Key Points: 
  • Wolters Kluwers Finance, Risk & Reporting (FRR) business has signed its first client for its recently launched software-as-a-service (SaaS) Regulatory Reporting solution .
  • BNG Bank, which is partially owned by the State of the Netherlands, will use the solution to automate its regulatory reporting processes and to better ensure reconciliation of reporting between the banks own functional departments.
  • The SaaS solution, like the OneSumX for Regulatory Reporting on-premise solution, combines bank data into a single source of data to ensure consistency, ease of reconciliation and accuracy.
  • In Wolters Kluwer we found the know how of a trusted partner with regulatory reporting prowess and technological expertise.

Chewy Announces Fiscal Second Quarter 2019 Financial Results

Retrieved on: 
Tuesday, September 17, 2019
Online Retail, Retail, Consumer, Specialty, Pets, Economy, Finance, Money, Earnings before interest, taxes, depreciation, and amortization, Fundamental analysis, Private equity, Profit, Chewy, GAAP, Financial ratio, Reconciliation, Generally Accepted Accounting Principles

Chewy, Inc. (NYSE: CHWY) (Chewy), a trusted online destination for pet parents, has released its financial results for the second quarter of fiscal year 2019 ended August 4, 2019, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com .

Key Points: 
  • Chewy, Inc. (NYSE: CHWY) (Chewy), a trusted online destination for pet parents, has released its financial results for the second quarter of fiscal year 2019 ended August 4, 2019, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com .
  • Management will host a conference call and webcast to discuss Chewy's financial results today at 5:00 pm ET.
  • See Non-GAAP Financial Measures for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures.
  • Because of these limitations, you should consider adjusted EBITDA alongside other financial performance measures, including various cash flow metrics, net loss and our other GAAP results.

Gridsum Reports Unaudited Second Quarter 2019 Financial Results

Retrieved on: 
Monday, September 9, 2019
Generally Accepted Accounting Principles, U.S. Securities and Exchange Commission, Reconciliation, GAAP

BEIJING, Sept. 9, 2019 /PRNewswire/ -- Gridsum Holding Inc. ("Gridsum" or the "Company") (NASDAQ:GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence ("AI") solutions in China, today reported its unaudited financial results for the second quarter ended June 30, 2019.

Key Points: 
  • BEIJING, Sept. 9, 2019 /PRNewswire/ -- Gridsum Holding Inc. ("Gridsum" or the "Company") (NASDAQ:GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence ("AI") solutions in China, today reported its unaudited financial results for the second quarter ended June 30, 2019.
  • For purposes of determining net loss per ADS attributable toGridsum'sordinary shareholders, the weighted average number of ordinary shares for the second quarter of 2019 was 34,315,488.
  • Investors are encouraged to review the Company's financial information in its entirety and not rely on a single financial measure.
  • A reconciliation of these non-GAAP financial measures to their closest U.S. GAAP financial measures appears at the end of this release.

SkyStem Showcases Month-End Close Software at Upcoming Key Industry Events

Retrieved on: 
Friday, September 6, 2019
Reconciliation, Business process management

NEW YORK, September 6, 2019 /PRNewswire-PRWeb/ -- SkyStem LLC, a provider of automated month-end close and account reconciliation solution, is pleased to announce their end of the year event schedule for 2019.

Key Points: 
  • NEW YORK, September 6, 2019 /PRNewswire-PRWeb/ -- SkyStem LLC, a provider of automated month-end close and account reconciliation solution, is pleased to announce their end of the year event schedule for 2019.
  • The SkyStem team continues to travel around the nation this year and are eager to meet you.
  • Throughout these key industry events, SkyStem representatives will be available to discuss industry best practices and trends and share how the company's close and reconciliation solution can benefit accounting teams and organizations as a whole.
  • Headquartered in the heart of New York City, SkyStem delivers a powerful close and account reconciliation application for organizations seeking to streamline their financial processes.

AAM to Present at the Morgan Stanley Laguna Conference on September 12

Retrieved on: 
Friday, September 6, 2019
American Axle, Reconciliation, AAM, GAAP, Economy, Companies

DETROIT, Sept. 6, 2019 /PRNewswire/ --American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will participate in the Morgan Stanley Laguna Conference on September 12.

Key Points: 
  • DETROIT, Sept. 6, 2019 /PRNewswire/ --American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will participate in the Morgan Stanley Laguna Conference on September 12.
  • AAM is scheduled to present at 11:05 a.m. PT (2:05 p.m.
  • A live audio webcast will be accessible through the Investor Relations page on AAM's website ( www.aam.com ).
  • Information regarding these non-GAAP measures, as well as a reconciliation of these non-GAAP measures to GAAP financial information, is available on AAM's website ( www.aam.com ).

Convex Group Appoints Clearwater as Investment Accounting and Reporting Provider

Retrieved on: 
Tuesday, September 3, 2019
Technology, Insurance, Finance, Accounting, Professional services, Software, Data management, Clearwater Analytics, OMERS, Software, Digital technology, Computing, Software as a service, Reconciliation, Cloud computing, Convex, Clearwater Analytics

Clearwater announced today that Convex Group (Convex), the international specialty insurer and reinsurer, has appointed Clearwater to provide a cloud-based solution and services for investment data aggregation, reconciliation, accounting, investment reporting, and other daily data processing.

Key Points: 
  • Clearwater announced today that Convex Group (Convex), the international specialty insurer and reinsurer, has appointed Clearwater to provide a cloud-based solution and services for investment data aggregation, reconciliation, accounting, investment reporting, and other daily data processing.
  • Clearwater facilitates early period-end close times, flexible reporting, regulatory support, and more, which will enable the team at Convex to focus on its core competencies.
  • Clearwater Analytics is a global SaaS solution for automated investment data aggregation, reconciliation, accounting, and reporting.
  • Investment professionals in more than 25 countries trust Clearwater to deliver timely, validated investment data and in-depth reporting.

AAC Holdings, Inc. Reports Second Quarter 2019 Results

Retrieved on: 
Friday, August 30, 2019
REPLAY, REPLAY, Reconciliation, Conference call, Software

This inability results from the inherent difficulty in forecasting generally and quantifying certain projected amounts that are necessary for such reconciliations.

Key Points: 
  • This inability results from the inherent difficulty in forecasting generally and quantifying certain projected amounts that are necessary for such reconciliations.
  • We expect these adjustments may have a potentially significant impact on future GAAP financial results.
  • The Company will host a conference call and live audio webcast onFriday, August 30, 2019, at8:00 a.m. CTto further discuss these results.
  • A replay of the conference call will be available throughSeptember 13, 2019, by dialing 877-344-7529 and entering the replay access code, 10134661.

Yintech Reports Second Quarter 2019 Unaudited Financial Results

Retrieved on: 
Friday, August 30, 2019
GAAP, Generally Accepted Accounting Principles, Reconciliation, Economy, Business, Service industries

We delivered the strongest quarterly results for our core business since the fourth quarter of 2017," said Mr. Wenbin Chen, Chairman and CEO of Yintech.

Key Points: 
  • We delivered the strongest quarterly results for our core business since the fourth quarter of 2017," said Mr. Wenbin Chen, Chairman and CEO of Yintech.
  • Revenuesfor the quarter were RMB289.1 million (US$42.1 million), compared with RMB263.3 million in the same quarter last year and RMB454.3 million in the previous quarter.
  • The financial results reported in accordance with U.S. GAAP and reconciliation of GAAP to non-GAAP results should be carefully evaluated.
  • The Company utilized the non-GAAP financial results to make financial results comparable period to period and to better understand its historical business operations.