Insight Software

APRIL 5, 2021

Best Financial Modeling Tools in 2021. The post 11 Financial Model Examples & Templates for 2021 appeared first on insightsoftware. Financial modeling represents a key tool for your company’s FP&A team. A good financial model allows you to see the bigger picture and make strategic decisions based on the most up-to-date data.

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Insight Software

SEPTEMBER 30, 2021

Use of Medical Equipment : This hospital metric highlights the utilization of equipment and consequently, the maintenance cost associated with it. If the medical equipment utilization KPI is neglected, it will lead to high maintenance costs and wasted manpower. Most technologies could either be repurposed or decommissioned and sold.

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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

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

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

MAY 10, 2021

In February and March of 2021, insightsoftware partnered with Hanover Research to discover current trends in finance teams. 2021 Finance Team Trends Report. At a time of great uncertainty, the role of finance professionals has, of necessity, evolved into an ever more strategic one. Download Now: Click here to access resource.

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Insight Software

SEPTEMBER 24, 2021

The post The Four C’s of Financial Planning in 2021 appeared first on insightsoftware. Enable cookies. How insightsoftware is using cookies. Still experiencing an issue? Please contact our website administration team.

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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

DECEMBER 7, 2022

In fact, recent insightsoftware research found that in 2022, 41% of finance team leaders consider “strategic decision-making” to be a priority, compared to 29% in 2021. Tangibly, this means more planning, more accurate and deeper forecasting, and more strategic decision-making based on real-time reporting.

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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. We must now work swiftly and diligently to ensure the effective implementation of this major reform.”

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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. To see how our solutions work, request a demo today.

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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.

Finance 52

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Insight Software

JULY 31, 2022

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. Respondents also reported that their processes are significantly more efficient in 2022 than they were in 2021. Agility Is Key to the Finance Function. The reasons for the uptick are clear.

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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

AUGUST 25, 2022

Create standardized budgeting, forecasting, and planning forms for a cohesive and repeatable planning process that easily updates to reflect changes in your ERP system, while maintaining a full audit trail. The time savings you get from implementing Bizview will allow you to continuously monitor and reforecast throughout the year.

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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

According to Gartner’s 2021 Core Financial Magic Quadrant , over 50% of the ERP market is expected to be cloud-based by 2024. When migrating to the cloud, there are a variety of different approaches you can take to maintain your data strategy. This is vital for maintaining security of sensitive financial and accounting data.

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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.

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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

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. FSN Global Survey 2021: Agility in Planning, Budgeting and Forecasting.

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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

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

OCTOBER 8, 2024

How can you modernize your reporting for streamlined finance tasks and a clearer vision of the future? in the academic year 2021-2022. Improve Budgeting and Planning Processes : See a clearer vision for your organization’s future with over 20 years of Oracle financial expertise out of the box.

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Insight Software

JULY 2, 2021

FSN Global Survey 2021: Agility in Planning, Budgeting and Forecasting. Smart CFOs know that the combination of infrastructure and modern tools is the way forward, but armed with this research, they have the empirical evidence to make a compelling business case to the rest of the C-Suite. Download Now: Click here to access resource.

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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. Download Now: Click here to access resource.

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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. Check out this infographic to discover the benefits of ZBB.

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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. Download Now: Click here to access resource.

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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.” It’s a vision outlined by the OECD’s Forum on Tax Administration (FTA) in a discussion document called Tax Administration 3.0:

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Insight Software

FEBRUARY 7, 2025

When: The deadline to comply with the new standard is for fiscal years beginning after June 15, 2021. The survey also asked what steps organizations have taken to implement GASB 87, and most of the respondents have read the standard but only a few had implemented it using software. Hint the auditors probably have it right!)

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Insight Software

FEBRUARY 7, 2025

Overview of GASB 87 GASB 87 was issued in June 2017 and is effective for reporting periods beginning after December 15, 2021. Maintaining GASB 87 Compliance Maintaining GASB 87 compliance is easier with software like EZLease.

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Insight Software

FEBRUARY 7, 2025

For private companies, ASC 842 became effective in 2021 for reporting periods thereafter. Making Compliance Easier for ASC 842 or IFRS 16 Maintaining compliance for either of the standards can be difficult and time-consuming. AP Lease Accounting Under ASC 842 ASC 842 is the lease accounting standard set forth by the FASB.

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Insight Software

FEBRUARY 7, 2025

Compliance with ASC 842 ASC 842 is effective for reporting periods beginning after December 15, 2021 for all private companies, with early adoption permitted. Lessees and lessors will need to comply with the new standard for all leases entered into or modified after the effective date.

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