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What is Equity Reconciliation?

Equity reconciliation is an essential process in financial accounting involving the verification of ownership and value of shares or equity. It confirms the accuracy of all equity-related transactions by comparing internal records with external confirmations. Nanonets automates this often intricate, time-consuming process, ensuring consistency, accuracy, and speed. We deliver top-notch reconciliation solutions tailored to specific needs, aimed at streamlining your workflow and enhancing decision-making.

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How Automated reconciliation works for Equity

Use natural language input to extract structured data from your documents

Automated Data Extraction

Nanonets kickstarts the equity reconciliation process with automated data extraction. It gathers and standardizes data from different documents, leaving no room for human error.

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Automated Discrepancy Detection

Next, our software autonomously detects discrepancies in the compiled data. Its advanced algorithms can identify inconsistencies that could potentially go unnoticed in manual scrutineering.

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Automated Reconciliation Reports

Finally, Nanonets generates automated reconciliation reports. These reports detail reconciliation results, discrepancies, and corrective actions, providing a clear, traceable audit trail.

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When your business is your passion, don’t let data entry get in the way.

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Types of Reconciliation in Equity

Equity Holdings Reconciliation

This reconciliation involves validating the accuracy and validity of equity holdings as per the records versus what is recorded in financial statements.

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Shareholder Equity Reconciliation

This process ensures that the net changes made to a company's shareholder equity match with the company's profits, losses, and other financial data.

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Equity Transaction Reconciliation

This involves validating the accuracy of all equity transactions recorded, ensuring these match in all financial records.

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Accounting | Banking | ERP
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Try Automated Reconciliation for your different use-cases

Ensure shareholder record accuracy

Reconcile shareholder records with corporate actions and transfers to maintain accurate equity ownership data.

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Comply with regulations

Meet regulatory requirements for equity management by maintaining audit-ready reconciliation records.

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Streamline dividend distributions

Automate dividend reconciliations to ensure accurate and timely payments to shareholders.

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CRITICAL FOR YOUR BUSINESS

Importance of Reconciliation in Equity

Accuracy in Equity Data

Nanonets achieves 99% accuracy in equity data reconciliation, ensuring precise valuation and ownership records for stakeholders, critical for investor confidence and financial reporting.

Fraud Prevention

Enhance fraud prevention by 85% with Nanonets, securing equity transactions against unauthorized alterations and protecting shareholder interests through advanced detection mechanisms.

Compliance with Regulatory Standards

Guarantee 100% compliance with regulatory standards in equity management with Nanonets, adhering to legal requirements to avoid penalties and uphold market integrity.

In case you’re not sold yet!

See what our customers say about using Nanonets to automate their manual reconciliation processes.

"Switching to Nanonets revolutionized our reconciliation process. Before, manual errors in invoice matching would take, on average, 3-4 hours to resolve per incident. Now, discrepancies are flagged instantly, allowing our accounts payable team to reconcile vendor statements in approximately 30 minutes - a reduction in resolution time by over 85%. It's not just a tool; it's a game-changer for our finance operations, increasing our efficiency by 90% and reducing manual error by 95%"

Finance Manager

Manufacturing INDUSTRY

"Nanonets has been a critical component in transforming our payroll reconciliation. The automated matching and error detection capabilities have reduced our payroll processing time from an average of 10 days to just 6 days, marking a 40% improvement. Before Nanonets, the error rate in our payroll was around 5%, leading to discrepancies and delayed payments. Now, we've seen a reduction in payroll errors by 90%, making this level of efficiency unimaginable with our previous systems."

Payroll Administrator

Technology Services

“As an accountant specializing in eCommerce, handling an average of 12,000 transactions monthly was always a challenge due to their fluctuating volume. With Nanonets, our reconciliation of digital sales to bank deposits is now seamless, achieving an accuracy rate of 99.8%. This platform has not only saved us over 150 hours monthly but has also significantly reduced financial discrepancies, cutting down on mismatched transactions from 2% to a mere 0.05%.”

Accountant

eCommerce PLATFROM
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Frequently Asked Questions

Q: How does Nanonets improve the equity reconciliation process?
Q: Can Nanonets integrate with my existing systems?
Q: How secure is the data processed by Nanonets?
Q: Can Nanonets handle volume-heavy equity reconciliation tasks?