Insight Software

SEPTEMBER 1, 2023

Predictive analytics refers to the use of historical data, machine learning, and artificial intelligence to predict what will happen in the future. By forecasting demand, identifying potential performance bottlenecks, or predicting maintenance needs, the team can allocate resources more efficiently.

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Insight Software

JULY 28, 2023

There’s no way to globally manage security with components, which means you’ll have to implement and maintain security separately and consistently for every component you use. Developing and maintaining homegrown analytics diverts focus from their core application. to your organization.

Embedded Analytics 52

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Insight Software

FEBRUARY 28, 2022

Operational reporting, sometimes referred to as business reporting, involves pulling data from enterprise resource planning (ERP) solutions and other internal business systems to illuminate the day-to-day operations of an organization. What are the challenges they’re facing? What Is Operational Reporting?

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Insight Software

AUGUST 25, 2021

The traditional approach referred to above is also known as incremental budgeting. We’ll also discuss the role of technology in facilitating a more efficient and thorough budgeting process for today’s organizations. Incremental Budgeting.

IBM cost 98

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Insight Software

SEPTEMBER 24, 2021

You should register this information in a safe place for future review and reference. Maintaining Compliance. The company valuations, mentioned earlier, is a smaller subcategory of maintaining compliance. Harriet’s situation is sometimes referred to as a “balance sheet insolvency.”. Shareholder Management.

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Insight Software

JUNE 16, 2021

Throughput can be increased by reducing equipment downtime, improving maintenance strategies, reducing the number of production steps, and many more. With a short cycle time, a company can generate more revenue and quickly implement innovative solutions. This is what makes throughput an important KPI for optimizing a business.

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Insight Software

AUGUST 15, 2024

Broadly defined, the supply chain management process (SCM) refers to the coordination of all activities amongst participants in the supply chain, such as sourcing and procurement of raw materials, manufacturing, distribution center coordination, and sales. Frequently Asked Questions What are the 7 Ss of supply chain management?

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Insight Software

AUGUST 17, 2021

Since the UGT is updated only once a year, these changes are housed in a “ Pending Annual Updates ” page and incorporated into a development taxonomy that FASB maintains between official releases. Variable Interest Entities–Pledged Assets. Helpful Hint for Certent CDM Customers. Helpful Hint for Certent CDM Customers.

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Insight Software

JULY 14, 2022

Business cash flow planning or management lets you make sure your business has enough money to maintain its operations. There must be positive cash flow for a company to maintain its viability over the long term. You may hear billing software referred to as invoicing software. Why is Business Cash Flow Planning Important?

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Insight Software

JANUARY 29, 2024

A hybrid system refers to a combination of on-premises and cloud ERPs. However, hybrid systems can be challenging to maintain without the right tools. Generative AI refers to technology that can create new content, for example images or writing. And even fewer finance teams have implemented generative AI at just 1%.

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Insight Software

FEBRUARY 23, 2024

Data Migration Data migration refers to the process of transferring data from one location or format to another. An on-premise solution provides a high level of control and customization as it is hosted and managed within the organization’s physical infrastructure, but it can be expensive to set up and maintain.

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Insight Software

MAY 2, 2022

You also have this year’s approved budget on hand for reference. During this process, you notice that maintenance and repair expenses were especially high in June and July. Before you can determine a budget for next year’s maintenance and repair costs, you’ll need to investigate further.

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Insight Software

JUNE 17, 2024

This allows them to take proactive measures to address potential shortfalls, such as negotiating payment terms with raw materials suppliers, securing additional financing, or implementing cost-saving measures to ensure they always have enough cash on hand. What is the difference between cash and cash flow?

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Insight Software

OCTOBER 8, 2024

Rapid technological advancements, heightened competition, and the growing complexity of global markets have made financial agility and real-time decision-making critical to maintaining a competitive edge. Patchwork vs Collaborati ve EPM?

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Insight Software

JUNE 20, 2023

This article will explore  self-service analytics in detail , covering use cases, proven benefits, common objections, and strategies for implementation. Some industry experts view analytics as a type of BI while others maintain it’s the opposite. What Is Self-Service Analytics?

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Insight Software

MARCH 24, 2024

How to Compare Reporting & BI Solutions Download Now Growth KPIs for non-profits Non-profit organizations implement a variety of strategies such as email campaigns, social media marketing, and in-person events to connect with new donors and engage their supporters. This non-profit metric usually tracks the number of shares and reposts.

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Insight Software

JUNE 24, 2023

How to Compare Reporting & BI Solutions Download Now Growth KPIs for non-profits Non-profit organizations implement a variety of strategies such as email campaigns, social media marketing, and in-person events to connect with new donors and engage their supporters. This non-profit metric usually tracks the number of shares and reposts.

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Insight Software

MAY 9, 2022

Since the recent implementation of European Single Electronic Format (ESEF), the consolidated financial statements of EU-listed companies are available in the public domain in a machine-readable format. Disclosure/ESG Reporting: Automating Your Financial Narrative & Numbers. Access Resource. Automation With Certent Disclosure Management.

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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. insightsoftware EPM fosters a secure and accountable financial reporting environment, giving you peace of mind.

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Insight Software

AUGUST 26, 2021

This is particularly true in cases where owners or office managers routinely perform cash withdrawals from a local bank account, or maintain a stock of checks from which they can issue that much-needed vendor payment, usually to cover an “emergency” situation. Essentials of Petty Cash Management.

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Insight Software

NOVEMBER 2, 2021

If you want to save time and stay ahead of the curve, an automated process is something you should implement. In 2021, the best way of collecting good KPIs is to implement a higher education dashboard, which can give you a glimpse of the best KPIs without the lengthy paperwork process.

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Insight Software

APRIL 29, 2022

BEPS consists of two broadly defined provisions, which the designers refer to as “pillars.” Changes are coming in 2023, so for companies looking ahead to their tax planning strategies for the next calendar year, now is the time to implement new systems and processes. Putting the Right Tax Planning Tools in Place.

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Insight Software

DECEMBER 13, 2021

Certent EM helps by offering fast implementation. Certent EM can start your implementation much more quickly than competitors who are often booked out well in advance. This is referred to as broker “lock-in.” Here are five benefits Certent EM can offer you to comfortably bring your company public through the SPAC process.

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Insight Software

DECEMBER 5, 2023

Availability – As of June 30th, 2023, product/service capabilities must be in production (GA) for evaluation by Gartner, which refers to the release of a product to all customers. Administration functionality necessary to support planning activities. Configurable user-friendly reporting and dashboarding.

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Insight Software

NOVEMBER 2, 2021

This streamlining, maintaining, and improving the flow of goods requires a competent team to manage it. Wrong orders refer to products that did not arrive on-time, in-full, damage-free, or with accurate documentation. Companies create supply chains to expedite production and reduce cost.

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Insight Software

MAY 16, 2022

Certent Disclosure Management supports your implemented close process by zeroing in on the specifics your company will need to meet for these sophisticated reporting requirements. Use dynamic text based on variables you define to ensure all reports always reference the correct narrative or single data point.

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Insight Software

JULY 29, 2021

ESG refers to the three central factors in measuring the sustainability and societal impact of an investment in a company or business. This will be driven by stakeholder pressure as well as regulation, so the time is right to implement a platform that supports this more complex situation.

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Insight Software

JUNE 22, 2023

BI and analytics are both umbrella terms referring to a type of data insight software. The Definitive Guide to Predictive Analytics Download Now Statistical Nesting Dolls So we know it’s not safe to assume that business intelligence and business analytics refer to different analytic modes. Some consider one to be a subset of the other.

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Insight Software

JUNE 15, 2021

Another option is the FIN28 method, often referred to as the “ratable” method. This method is also sometimes referred to as “tranche-by-tranche” accrual. The simpler “straight-line” method allocates the value of a grant evenly over the service period to which the grant applies.

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Insight Software

MARCH 4, 2024

The CSRD and the ESRS will be implemented in 4 stages, the first of which will enter into force in 2025 and will apply to the financial year 2024. The ESRS are designed to provide a clear and consistent framework for ESG reporting and to enable investors and stakeholders to compare and assess the sustainability performance of companies 3.

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Insight Software

SEPTEMBER 25, 2024

Instead of hard coding the parameter (in this case “>0”), you could reference a value in a separate cell. For example, COUNTIF(A1:A100, “>0”) would return a count of all cells within the specified range that contain a value greater than zero. Most power-users of Excel have applied this trick on multiple occasions.

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Insight Software

OCTOBER 25, 2023

Predictive analytics refers to using historical data , machine learning, and artificial intelligence to predict what will happen in the future. By leveraging these technologies, your team can build stronger customer relationships, increase user satisfaction, and ultimately achieve your goals more effectively.

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Insight Software

MAY 18, 2022

They need context or frame of reference to really get good at it. Howard explains further that the answer to increasing the comfort level and fluency amongst all users, regardless of job title or rank, is to “get the data out there.” This is not reserved to training alone.

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Insight Software

NOVEMBER 15, 2022

If your spreadsheets are complex, with multiple references across different worksheets, then the likelihood of errors increases exponentially. If your new source data contains one additional row (or one less row), than the previous set of numbers, it can render many of your Excel formulas inaccurate.

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Insight Software

APRIL 26, 2022

You’re likely familiar with the so-called “80/20 rule,” often referred to as “the Pareto principle.” With this approach, the finance team can guide managers through a meaningful narrative, equipping them to rapidly assess situations and identify the right actions to take in response. This concept works well for interpreting financial data.

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Insight Software

FEBRUARY 2, 2022

A variation on this approach is sometimes referred to as “reforecasting” or “budget flexing.” These terms generally apply to situations in which a significant event has occurred, resulting in a substantial deviation from budget.

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Insight Software

DECEMBER 7, 2021

This is referred to as “data democratization,” and it can have a transformative effect because it empowers workers to better understand the forces that should impact their decisions, regardless of where they may sit within the organizational hierarchy.

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