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- FinQuery Unveils Enhanced Contract Management with Prepaids and Accruals
FinQuery Unveils Enhanced Contract Management with Prepaids and Accruals
Slice of Finance Team
05 Nov
Key Highlights:
New AI-powered tool for automated prepaid and accrual accounting for finance teams.
Streamlined contract management with features like automated renewal alerts and centralized data.
Proprietary AI simplifies contract entry, enhancing data accuracy and efficiency.
Accurate reporting for improved budgeting, forecasting, and liability reconciliation.
Available now with flexible pricing for businesses of all sizes.
Source: Business Wire
Notable Quote:
“Our analysis shows more than 70% of our customers are using Excel for prepaid and accrual accounting today, which is why we are thrilled to introduce prepaids and accruals in FCM. This enhancement addresses a critical need for businesses to accurately account for their contract-related expenses. By automating prepaid and accrual accounting, we are enabling teams to save time, reduce errors, and gain greater financial control.”
Our Take:
With the launch of FinQuery Contract Management (FCM) enhanced by prepaids and accruals, FinQuery is set to transform the financial workflow for companies managing significant contract-related expenses. By automating processes historically reliant on manual methods like Excel, FCM addresses a substantial gap in efficiency and accuracy for finance teams. Its powerful AI, tailored specifically for contract management, simplifies key processes—from contract data entry to renewal alerts and comprehensive reporting. The addition of prepaid and accrual automation is particularly beneficial for organizations seeking to streamline their month-end and year-end processes, allowing for more timely and precise financial reconciliations. This solution's flexible pricing also makes it accessible to a wide range of businesses, further establishing FinQuery as a leader in spend management technology.