Insight Software

MARCH 23, 2024

5 Things Not to do When Choosing a Financial Reporting Tool Download Now Budgeting ratio : This government KPI is the ratio of the public sector operating cost to its revenue. A rising ratio points to a potential expense mismanagement and must be immediately addressed. It signifies the credit quality of the government entity.

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Insight Software

NOVEMBER 2, 2021

Companies create supply chains to expedite production and reduce cost. This streamlining, maintaining, and improving the flow of goods requires a competent team to manage it. Why Should Supply Chain Management Measure KPIs? GMROI = Gross profit / average inventory cost.

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Insight Software

APRIL 25, 2024

By ensuring the accuracy of accounts payable balances and expenses recorded in the accounting records, vendor reconciliation contributes to the accuracy of overhead figures reported on the income statement. How do you reconcile an expense account? What is the difference between reconciliation and journalizing?

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Insight Software

FEBRUARY 23, 2024

This field guide to data mapping will explore how data mapping connects volumes of data for enhanced decision-making. Why Data Mapping is Important Data mapping is a critical element of any data management initiative, such as data integration, data migration, data transformation, data warehousing, or automation.

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Insight Software

OCTOBER 4, 2021

More than ever before, business leaders recognize that top-performing organizations are driven by data. Management gurus have long been advocates of measuring, monitoring, and reporting on the numbers that matter most. To calculate this KPI, start with the cost of goods sold for a specified period (e.g. Reasons for Return.

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Insight Software

JUNE 23, 2023

5 Things Not to do When Choosing a Financial Reporting Tool Download Now Budgeting ratio : This government KPI is the ratio of the public sector operating cost to its revenue. A rising ratio points to a potential expense mismanagement and must be immediately addressed. It signifies the credit quality of the government entity.

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Insight Software

SEPTEMBER 19, 2023

But the constant noise around the topic – from cost benefit analyses to sales pitches to technical overviews – has led to information overload. Data Access What insights can we derive from our cloud ERP? What are the best practices for analyzing cloud ERP data? How do I access the legacy data from my previous ERP?

IBM cost 52

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Insight Software

MAY 9, 2024

Technologies used for data storage include relational databases, columnar stores, or distributed storage systems like Hadoop or cloud-based data storage. Organizations can use data pipelines to support real-time data analysis for operational intelligence. This leads to better decision-making and improved outcomes.

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Insight Software

NOVEMBER 14, 2024

Not only does cloud migration allow businesses to adapt and scale with speed and efficiency, but it also provides better accessibility, lower costs than many on-prem solutions, better security, and improved integration options with other cloud-based applications. Today moving to the cloud is not an if, but a when. 

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Insight Software

APRIL 8, 2024

However, the prevalence of disconnected data sources, often referred to as data silos, creates significant bottlenecks that hinder your team’s ability to operate efficiently and generate reliable financial information. EPM acts as a game-changer for your finance team, streamlining data management and reporting processes.

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Insight Software

OCTOBER 31, 2024

If you don’t have these skills readily available in-house, this can become an expensive and drawn-out process. With better data access and deeper insights, you put yourself in a strong position to provide information and feedback to your executives, and to play a more active role in your company’s decision making.

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Insight Software

APRIL 25, 2024

This requirement includes establishing financial reporting standards, ensuring data security controls, monitoring attempted breaches, keeping track of electronic records for audits, and demonstrating compliance.

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Insight Software

JUNE 30, 2023

Cost-Plus When no market price is available to serve as a basis for pricing, organizations can use the cost-plus transfer pricing method to set a price by calculating the standard cost of delivering the relevant goods, and adding on top of that price a standard profit margin.

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Insight Software

MARCH 4, 2024

Using a solution with strong consolidation, modelling and reporting capabilities can help you collect the data required for ESRS disclosure in an efficient and effective way, and save you time, cost, and effort. What does it mean to tag your data?

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Insight Software

AUGUST 20, 2024

While business leaders do have concerns about migration costs and data security, the benefits of moving to the cloud are impossible to deny. Embracing cloud technology will position your business to more effectively automate workflows, optimize costs, and drive value in your organization. However, taking this leap can be scary.

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Insight Software

MARCH 3, 2022

The latter can be quite challenging as there are varying specialties, skill sets, and costs associated with project staff. . For example, a structural engineer, project manager, and draftsperson may have wildly different labor rates, ranging from several hundred to just under a hundred dollars an hour.

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Insight Software

AUGUST 20, 2024

This comprehensive data access ensures that you have a complete view of your business operations. Having comprehensive data access allows you to make more informed decisions. With a complete financial picture at your fingertips, you can confidently make data-driven decisions that drive growth and optimize performance.

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Insight Software

APRIL 4, 2024

However, moving your data to Microsoft’s secure server means you have less direct control over your data. Because you must purchase sufficient hardware to meet your team’s data storage and processing needs, the initial cost of an on-prem D365 ERP deployment can be substantial.

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Insight Software

DECEMBER 11, 2023

Finance charges and interest expenses on loans and mortgages: Challenge : Accurately accounting for finance charges and interest expenses on loans and mortgages, critical for cash flow and profitability. Use the formulas for accurate calculations and recording of finance charges and interest expenses.

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Insight Software

SEPTEMBER 1, 2023

This prevents over-provisioning and under-provisioning of resources, resulting in cost savings and improved application performance. Higher Costs: In-house development incurs costs not only in terms of hiring or training data science experts but also in ongoing maintenance, updates, and potential debugging.

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Insight Software

NOVEMBER 4, 2024

Benefits for Your Application Team With Logi Symphony now available on Google Marketplace, you can optimize budgets, simplify procurement, and access cutting-edge AI and big data capabilities all through your Google Workspace application. This integration enables your application to efficiently analyze massive first- and third-party datasets.

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Insight Software

DECEMBER 12, 2024

Additionally, customizable dashboards and self-service capabilities reduce costs for development teams because they free up developers from constantly needing to be on hand to churn out new custom reports for customers. This delays crucial insights that drive important business decisions.

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Insight Software

JULY 28, 2023

Cost: Sticking to the “build” track means dealing with increasing costs over time. Buy: 10 Hidden Costs of Building Analytics With UI Components Download Now Build or Buy at a Glance A key decision on the path to your next analytics solution is whether to build or buy.

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Insight Software

SEPTEMBER 15, 2023

But the constant noise around the topic – from cost benefit analyses to sales pitches to technical overviews – has led to information overload. On-prem ERPs typically have a high initial cost as you must purchase sufficient hardware to meet your team’s data storage and processing needs. Removing the need to migrate legacy data.

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Insight Software

OCTOBER 28, 2024

Although Oracle E-Business Suite (EBS) provides a centralized hub for financial data, the manual process of exporting data into spreadsheets is both time-consuming and prone to errors, forcing finance teams to spend considerable time verifying numbers. How do you ensure greater efficiency and accuracy for your financial reports?

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Insight Software

SEPTEMBER 25, 2024

In fact, our 2024 Embedded Analytics Report , found that organizations spend 30 hours or more per week addressing building customer-specific content (33%), performance issues (25%), and data inconsistencies (25%). Future-proofing your tech stack analytics is a matter of balancing customization with cost.

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Insight Software

DECEMBER 17, 2021

Automating Data Management to Transform Reporting Processes. Historically, organizations have relied on the upload of.CSV files and mapping tables to affect a data transfer. Furthermore, validation checking is frequently insufficient to guarantee a flawless data transfer. Automation and data management go hand-in-hand.

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Insight Software

APRIL 26, 2022

That brings us back to the problem addressed in the first challenge: When it is a manual process to export, import, copy, or paste information, it costs time and effort, and it potentially introduces errors. Customizing Comes with High Costs. Financial Reporting was never designed to be used as an analysis tool.

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Insight Software

AUGUST 24, 2023

This optimization leads to improved efficiency, reduced operational costs, and better resource utilization. Mitigated Risk and Data Control: Finance teams can retain sensitive financial data on-premises while leveraging the cloud for less sensitive functions.

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Insight Software

JULY 24, 2023

Additionally, many decision-makers perceive cloud solutions as more expensive. Most companies say that the added costs of the cloud are offset by other savings, such as eliminating hardware and data center expenses. Resistance to change is common, and business technology leaders are not immune.

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Insight Software

OCTOBER 1, 2024

Trino’s ability to run distributed queries across multiple sources, paired with Simba’s streamlined connectivity, allows you to build scalable, high-performing ETL processes that reduce costs and enhance efficiency. Efficient Batch Processing: Using Simba, you can process large data volumes from various sources quickly and effectively.

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Insight Software

OCTOBER 24, 2023

Financial data helps CSCOs understand the financial implications of their decisions, while operational data provides context and actionable insights into how the supply chain is functioning on a practical level. Cost savings: Improved efficiency, reduced errors, and streamlined processes can lead to significant savings.

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Insight Software

MARCH 6, 2024

Nearly half of the respondents (47%) reported increased value, cost savings, and greater resiliency at their organizations as a result of operating in the cloud. When profitability goals demand greater efficiency, cloud computing can help you manage and deliver projects while cutting non-essential costs. But where do you start?

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Insight Software

NOVEMBER 12, 2024

However, it also brings unique challenges, especially for finance teams accustomed to customized reporting and high flexibility in data handling, including: Limited Customization Despite the robustness and scalability S/4HANA offers, finance teams may find themselves challenged with SAP’s complexity and limited customization options for reporting.

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Insight Software

APRIL 3, 2024

With the complexities of consolidation being both time-consuming and intricate, the decision to migrate to the cloud isn’t a matter of ‘if’ but ‘when’ Cloud solutions offer centralized data management, eliminating scattered spreadsheets and manual input, ensuring consistent and accurate data organization-wide.

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Insight Software

NOVEMBER 25, 2024

If the operating theme for finance teams in 2024 was “automate workflows and optimize costs to drive value,” then the operating theme for 2025 is shaping up to be, “stay the course.” Microsoft will continue developing and improving Fabric throughout the coming year, enhancing its data engineering and analytics capabilities even further.

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Insight Software

APRIL 18, 2024

Embedded Analytics Challenges – and How to Overcome Them Despite the benefits, it can still be difficult to get buy-in for BI and embedded analytics for your SaaS applications due to challenges like infrastructure costs, safety concerns, as well as uptime and scaling. Infrastructure costs. Here’s how. Security concerns.

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