Insight Software

MAY 1, 2023

SAID ANOTHER WAY… Business intelligence is a map that you utilize to plan your route before a long road trip. According to the 2021 State of Analytics: Why Users Demand Better report by Hanover Research, 77 percent of organizations consider end-user data literacy “very” or “extremely important” in making fast and accurate decisions.

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Insight Software

OCTOBER 7, 2021

By using these metrics with our interactive accounting KPI dashboard, you will easily be able to identify areas for improvement and optimize your 2021 reporting. This next section will help you identify which accounting KPIs you should be implementing at your company. How to Build Useful KPI Dashboards. Learn More.

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Insight Software

JUNE 25, 2021

If the labor cost and operating cost do not raise or fall proportionally, the government’s ability to deliver services or maintain a budget will diminish. Number of chronically homeless individuals : This KPI is a measure of success in implementation of programs aimed to reduce homelessness.

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Insight Software

APRIL 5, 2021

Enterprises actively use financial modeling to guide their financial planning and strategic decision-making. It can help inform investment decisions, securities pricing, and plans for corporate transactions such as mergers, acquisitions, and divestitures. . It’s in charge of the company’s financial planning.

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Insight Software

JUNE 24, 2021

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 new information will give the non-profit the opportunity to identify its weaknesses and work on building more meaningful connections with its supporters.

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Insight Software

SEPTEMBER 30, 2021

Without a strong financial monitoring system, a hospital cannot plan for the long term and risks having to make abrupt decisions at the expense of customer satisfaction. A pattern like this will allow the hospital to plan for the care of such patients with much more preparedness. How to Build Useful KPI Dashboards. Download Now.

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Insight Software

JUNE 30, 2021

This article will outline the key financial, operation, and staffing performance indicators that a CEO should be tracking in 2021, as well as the benefits of tracking these using a dashboard to streamline the reporting process. This reduces the marginal cost of data collection and exponentially reduces implementation time.

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Insight Software

NOVEMBER 15, 2021

It is one of the keys to the organization’s success–how effectively and efficiently are the various processes executed when implemented together. The resources used by the organization on tax compliance and reporting include the time and cost required to implement tax changes, regulatory changes, and to integrate acquisitions.

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Insight Software

AUGUST 27, 2021

In June of 2021, Microsoft announced some significant changes that affect this process. In June 2021, Microsoft released version 2.0 Because a single API page or query extension can only serve a single designated purpose, the number of extensions can accumulate over a period of time and will require ongoing maintenance.

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Insight Software

SEPTEMBER 24, 2021

If the world was fairly predictable, financial planning would be a relatively straightforward process. For many businesses, the idea of financial forecasting or planning based on last year’s numbers seems far less advisable than it was in the past. Today, financial planning and budgeting are more important than ever.

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Insight Software

NOVEMBER 2, 2021

There are a wide range of financial KPIs for schools that can be utilized to provide a coherent financial overview as well as valuable information for future resource planning. If you want to save time and stay ahead of the curve, an automated process is something you should implement. Finance-Related KPI Examples for Universities.

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Insight Software

AUGUST 17, 2021

Earlier this year the Securities and Exchange commission began accepting the 2021 US GAAP Taxonomy (UGT) and many filers are getting ready for the switch now that their annual and first quarter filings have been successfully completed. The FASB 2021 UGT website provides a number of tools that will assist you with the taxonomy transition.

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Insight Software

AUGUST 25, 2022

SAP is a great enterprise resource planning tool (ERP) that makes the many aspects of running your business easier. The thing is, while having all your data in one system may be convenient, accessing and interpreting that data for budgeting and planning purposes can still be a challenge. Shorter Planning Cycles.

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Insight Software

MAY 10, 2021

Financial reporting, operational reporting, financial planning and analysis—there’s no shortage of work for finance teams to do as organizations continue to adjust to the new economic realities that the pandemic thrust upon the world stage in 2020. Improving tax planning processes. They are allocating budget to the task, however.

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Insight Software

JANUARY 24, 2022

Perhaps the most significant event in 2021 was the announcement of a major reform of the international tax system, which was made by the OECD in October 2021. Countries are aiming to sign a multilateral convention during 2022, with effective implementation in 2023. Read how to elevate tax to a strategic function.

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Insight Software

JULY 23, 2021

According to the recent FSN’s Agility in Planning, Budgeting, and Forecasting (PBF) Survey 2021, the effective use of scenario planning enables organizations to respond quickly and confidently during times of extreme change. Check out this infographic to discover all the characteristics of those using scenario planning.

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Insight Software

DECEMBER 7, 2022

Moving away from the traditional number crunching towards deeper analysis and planning support. Tangibly, this means more planning, more accurate and deeper forecasting, and more strategic decision-making based on real-time reporting. Develop A Clear Plan. To this end, we have two suggestions: Start small.

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Insight Software

FEBRUARY 14, 2022

While investment in tax and transfer software has tended to lag that in core finance systems, adoption is maturing and pressure from the office of the CFO to implement digital tools is beginning to grow. Tax planning and reporting have risen to the top of the corporate agenda. Read how to elevate tax to a strategic function.

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Insight Software

JUNE 2, 2021

According to approximately 500 finance professionals surveyed recently for insightsoftware’s 2021 Finance Team Trends report , the number one challenge facing FP&A professionals today is a lack of time to spend on value-added analysis. 2021 Finance Team Trends Report. The Role of the CFO: From Stewardship to Strategy.

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Insight Software

JULY 31, 2022

Tangibly, this means more planning, more accurate and deeper forecasting, and more strategic decision-making based on real-time reporting. In this year’s survey, 41 percent of finance team leaders considered strategic decision making to be a priority, compared to 29 percent in 2021. Agility Is Key to the Finance Function. Download Now.

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Insight Software

JULY 2, 2021

FSN’s most recent research, “Agility in Planning, Budgeting and Forecasting” , confirms and quantifies the compelling advantages of modernizing and digitizing the planning, budgeting, and forecasting process. Creating agile scenario plans and rolling forecasts is simply not feasible in spreadsheets.

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Insight Software

SEPTEMBER 1, 2023

In ​2021, just over 32,000 sat for the CPA exam, compared to ​nearly 50,000 ​CPA ​candidates​ in 2010 ​​. To maintain project timelines and customer relationships, while managing a lack of technical skills, construction businesses need a way to generate quick and accurate reports. Gain more autonomy and control over your information.

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Insight Software

JUNE 9, 2022

Access views from both on-prem and cloud ERPs via a fully managed turn-key service with zero maintenance overhead. More importantly, Global Views are required to take advantage of the cloud delivery model released in 2021 as well as most of the features introduced in 22.1. is implemented via Angles Cloud. .

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Insight Software

MAY 21, 2021

In the recently released insightsoftware 2021 Finance Team Trends report , survey respondents from North America and EMEA revealed some of the top challenges facing finance teams: Lack of time to spend on analysis. 2021 Finance Team Trends Report. Adoption of new technologies. Data limitations or inaccuracies.

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Insight Software

JUNE 13, 2022

Cloud enterprise resource planning (ERP) software is ideal for a variety of applications, including managing multiple departments and CRM integration. According to Gartner’s 2021 Core Financial Magic Quadrant , over 50% of the ERP market is expected to be cloud-based by 2024. When making the move, pre-planning is vital.

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Insight Software

DECEMBER 13, 2021

But April 2021 brought a noticeable change in the SPAC tempo, with both the volume of SPAC deals and the value of SPAC stock dropping significantly. 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.

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Insight Software

FEBRUARY 2, 2023

In 2021, construction spending grew 8% in the United States, and the overall value reached $2 trillion in Q2 2022 alone according to Deloitte’s 2023 Engineering and Construction Industry Outlook. Defining billable time as a KPI helps to identify limiting factors like whether a maintenance contract covers enough equipment.

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Insight Software

AUGUST 3, 2022

In late 2021, the International Accounting Standards Board (IASB) announced the creation of a new ESG reporting standard. According to a 2021 report issued by the Governance and Accountability Institute , 92% of S&P 500 companies already provide sustainability reporting of one kind or another. Download Now. Get a Demo.

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Insight Software

JANUARY 31, 2022

With cloud migration that means making upgrades, licensing, procurement and maintenance simpler with software-as-a-service (SaaS) models. It is, therefore, not surprising that the 2021 EY Tax Risk and Controversy Survey across 1,265 respondents in 60 countries and 20 sectors, identified Transfer Pricing to be the # 1 tax risk.”.

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Insight Software

JUNE 10, 2022

In July of 2021, more than 130 countries approved a framework intended to reform international tax rules under the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS). There are plenty of arguments both for and against the plan.

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Insight Software

AUGUST 9, 2023

The annual member survey from the UK and Ireland SAP user group (UKISUG) found that of those organizations yet to move to SAP S/4HANA, 92% were concerned a lack of available skills will slow their migration (an increase from 71% in 2021). Closing the Skills Gap Requires a Multipronged Approach 1.

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Insight Software

OCTOBER 8, 2024

in the academic year 2021-2022. On top of providing a cloudless view of the future, forecasting fosters better decision-making and cash flow while allowing organizations to come up with stronger business plans. Furthermore, involving frontline employees in the planning process can significantly enhance forecast accuracy.

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Insight Software

JULY 20, 2021

The results of the recent FSN’s Agility in Planning, Budgeting, and Forecasting (PBF) Survey 2021 clearly shows how implementing rolling forecasts helps organizations to improve both forecast speed and accuracy. FSN Global Survey 2021: Agility in Planning, Budgeting and Forecasting.

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Insight Software

JULY 21, 2021

According to the recent FSN’s Agility in Planning, Budgeting, and Forecasting (PBF) Survey 2021, organizations using zero-based budgeting are twice as likely to forecast accurately than those who don’t. FSN Global Survey 2021: Agility in Planning, Budgeting and Forecasting. Download Now: Click here to access resource.

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Insight Software

JULY 16, 2021

The results of the FSN’s Agility in Planning, Budgeting, and Forecasting (PBF) Survey 2021 analyzes the performance and agility of the PBF processes across over 500 organizations. FSN Global Survey 2021: Agility in Planning, Budgeting and Forecasting. The results are extremely revealing.

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Insight Software

JUNE 21, 2021

The government ran an open consultation with tax payers from 12 November 2020 to 5 March 2021, and says that the 10-year MTD initiative will help businesses as well as reduce the ”tax gap.” Preparing for the great reset, albeit one that may take years to fully implement, is likely to encourage corporations to take steps today.

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