Insight Software

OCTOBER 7, 2021

When accounts payable departments pay their bills accurately and on time, it maintains good relationships with external vendors which can lead to favorable payment terms and discounts. This next section will help you identify which accounting KPIs you should be implementing at your company. What Makes the Best Accounting KPI Metrics?

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Insight Software

MAY 9, 2024

Monitoring and Maintenance : Data pipelines need to be monitored and maintained to ensure they are running smoothly and efficiently, with error handling and data validation in place. They are commonly used in scenarios such as fraud detection, predictive maintenance, real-time analytics, and personalized recommendations.

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Insight Software

MARCH 25, 2024

Much like other for-profit businesses, hospitals must keep track of their finances, optimize their operational practices, and provide a healthy work environment for their people. These KPIs are grouped into 5 divisions of finance, operations, quality of care, public health, and people metrics.

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Insight Software

APRIL 25, 2024

Finance is a complex field, and so are the laws that govern it. Internal Controls : Companies must establish and maintain internal control structures and procedures for financial reporting. SOX, in the context of IT, requires companies to implement controls that safeguard the accuracy of financial reporting.

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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. If you are continually juggling finances to make sure you keep enough money in the bank, your profit margins may be too slim. It can also lead you to the conclusion that you may need extra financing to expand.

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Insight Software

JUNE 25, 2023

Much like other for-profit businesses, hospitals must keep track of their finances, optimize their operational practices, and provide a healthy work environment for their people. These KPIs are grouped into 5 divisions of finance, operations, quality of care, public health, and people metrics.

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IBM Maintenance IBM cost Healthcare IBM Support 52

Insight Software

APRIL 5, 2021

As a finance professional, you’ll need different types of financial analysis and modeling for different situations. Financial modeling involves combining key accounting, finance, and business metrics to build an abstract representation, or model, of a company’s financial situation. That being said, one model can’t do it all.

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Insight Software

APRIL 25, 2024

With the rise of financial reporting software , many finance professionals rely on automated reconciliation for this vital process. Your finance team will be able to establish effective, repeatable processes with custom templates, bulk journal entry updates, and automatic data validation from within Excel.

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Insight Software

MARCH 23, 2024

These KPIs are grouped into five cross-sectional groups of finance, operations, services, citizens, and human resources. 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.

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Insight Software

FEBRUARY 28, 2022

Most operational reports are created for the finance and accounting departments, but other departments also require operational reports on a recurring basis, including sales, customer service, human resources, and marketing, to name a few. Finance Teams Create Recurring Operational Reports Frequently. Microsoft Power BI.

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Insight Software

DECEMBER 8, 2023

Next year, finance teams utilizing SAP will face unparalleled pressure due to a confluence of economic challenges. These adversities heighten the necessity for finance professionals to adeptly translate raw data into strategic guidance. The same report found that recently a new set of obstacles has emerged for finance teams.

Finance 52

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Insight Software

NOVEMBER 14, 2024

Migrating from Oracle ERP to Oracle Cloud is a transformative journey that promises enhanced agility, scalability, and cost-effectiveness. However, the path to cloud adoption is often fraught with concerns about operational disruptions, downtime, and the complexities of maintaining seamless business operations.

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Insight Software

JUNE 23, 2023

These KPIs are grouped into five cross-sectional groups of finance, operations, services, citizens, and human resources. 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.

Government 52

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Insight Software

OCTOBER 4, 2021

Historically, managers have shown a strong preference for maintaining minimal inventory levels. As noted, there may be some legitimate business reasons for maintaining higher levels of inventory, especially if further supply chain disruption is to be expected. Inventory Days of Supply. Inventory Turnover. for a month, quarter, or year.)

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Insight Software

FEBRUARY 15, 2024

2024 is set to be a fascinating year in the finance space with advancements that help organizations continue to do more with stretched resources and continued staffing shortages. And it can’t come a moment too soon–nearly three-quarters of finance decision-makers (70%) feel pressure from market factors like inflation and economic disruption.

Finance 52

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Insight Software

AUGUST 18, 2023

There’s no doubt that Finance is one of the most critical and challenging sectors to work in. 2023 has been a unique year for Finance–although organizations celebrated recovery from the COVID-19 pandemic last year, their celebrations were short-lived. Counter-intuitively, reduced budgets often mean more work for finance teams.

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Insight Software

JULY 15, 2021

questions, and building contingency plans to make their businesses more agile and responsive. The two categories of customers may have very different expectations with respect to service levels, which, in turn, can determine the need for additional consulting and implementation staff to serve them.

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Insight Software

JULY 31, 2022

Recent global crises have permanently changed the face of finance. In the wake of these changes, the finance function has transitioned to a more forward-looking approach as well. This year, 514 respondents from North America and EMEA revealed some of the trends shaping finance and the progress being made in the journey to digitization.

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Insight Software

AUGUST 15, 2024

Supply chain leaders can rely on many different supply chain strategies to bring finished goods to market, but the most common approaches to SCM are lean supply chain, agile supply chain, and responsive supply chain. They ultimately drive efficiency, responsiveness, and competitive advantage in the marketplace.

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Insight Software

JUNE 17, 2024

It involves projecting the future cash receipts and payments based on historical balance sheet data, current financial information, and anticipated changes in business operations and financing activities. From entrepreneurs to international conglomerates, cash flow forecasting is a vital part of any organization’s financial planning process.

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Insight Software

MARCH 24, 2024

If the step above is meticulously applied, the non-profit will have cross-sectional metrics that include all departments, from Human Resources to Finance. These KPIs are grouped into five cross-sectional sets of finance, campaign, donor, growth, and people metrics.

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Insight Software

SEPTEMBER 1, 2023

The strain is especially palpable for finance professionals in the construction industry. Coping with Skills Shortages In 2023, the outlook for skills shortages for finance professionals is bleak. When it comes to hiring skilled finance teams, leaders are struggling to find new talent to replace recent retirees.

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Insight Software

JULY 1, 2022

The first is the drive toward agility and responsiveness that arose from the abrupt changes imposed early on in the recent pandemic. Tax Teams, Agility, and the Pandemic Effect. Agile reporting was the key to successfully getting through the pandemic, especially in those early weeks and months. Download Now. Download Now.

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Insight Software

JUNE 24, 2023

If the step above is meticulously applied, the non-profit will have cross-sectional metrics that include all departments, from Human Resources to Finance. These KPIs are grouped into five cross-sectional sets of finance, campaign, donor, growth, and people metrics.

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Insight Software

OCTOBER 1, 2024

Finance professionals often stick to proven methods, understanding that disrupting established systems can jeopardize time-sensitive financial processes. How do you embrace finance transformation without downtime or a steep learning curve? Here, we discuss three ways to smoothly transform your finance strategy.

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Insight Software

SEPTEMBER 1, 2023

By forecasting demand, identifying potential performance bottlenecks, or predicting maintenance needs, the team can allocate resources more efficiently. If not properly implemented and secured, the predictive models might expose sensitive information to unauthorized individuals or entities.

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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. According to our study, 78% of Oracle-based finance teams felt over-reliant upon IT.

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Insight Software

FEBRUARY 23, 2024

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. Version Control : Manage changes to data mapping logic and maintain a history of revisions.

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Insight Software

FEBRUARY 14, 2022

Finance teams have played a leading role in the adoption of technology to transform previously inefficient manual or spreadsheet-based processes. We must now work swiftly and diligently to ensure the effective implementation of this major reform.” The Rise of Tax Technologists. The Complete Guide to Corporate Tax Software.

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Insight Software

SEPTEMBER 1, 2023

Introduction With the 2027 end-of-maintenance deadline of SAP ERP Central Component (ECC) approaching, SAP users must do something to stay compliant. SAP Central Finance is the KEY S/4HANA Deployment Option Are you still undecided on your path to move to S/4HANA? your peers and competitors) are already making their move to S/4HANA.

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Insight Software

SEPTEMBER 15, 2023

In today’s uncertain economic landscape, it’s vitally important to invest in agile planning processes and tools to increase forecast frequency and planning accuracy. One of the easiest ways to increase your organization’s agility is by transitioning your data to the cloud. Will transitioning to the cloud disrupt my business?

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Insight Software

AUGUST 20, 2024

Designed to seamlessly integrate with Microsoft Dynamics 365 Business Central (BC), NAV, and GP, Jet Reports empowers finance professionals to build reports and dashboards without needing IT support. These products are ill-equipped to handle the demands of a sophisticated business environment, leaving your finance team struggling to keep up.

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Insight Software

AUGUST 24, 2023

Although many companies run their own on-premises servers to maintain IT infrastructure, nearly half of organizations already store data on the public cloud. The Harvard Business Review study finds that 88% of organizations that already have a hybrid model in place see themselves maintaining the same strategy into the future.

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Insight Software

APRIL 4, 2024

To accomplish the key technical objectives that contribute to connected data, increased agility, and greater profitability, there comes a point when business leaders must make a clean break with the past. Additionally, your IT team is free from the maintenance and support of the software, saving precious time and resources.

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Insight Software

MARCH 24, 2024

To build a flourishing ecosystem that seamlessly connects your tax department to finance and wider company, you need to make sure all aspects of your process are functioning to the best of their ability. Combining EPM and tax reporting tools streamlines the reporting process, while maintaining autonomy. Streamlined Reporting Processes.

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Insight Software

DECEMBER 22, 2021

In this context, finance is directly involved in the process and is typically the top-level owner of S&OP as a whole. Finance generally leads this discussion and seeks to align the three plans around a single scenario. S&OP Plan Implementation and Measurement. An Example of Sales and Operations Planning.

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Insight Software

NOVEMBER 12, 2024

While this cloud ERP offers streamlined processes and improved scalability, it also limits the level of customization that finance teams have come to rely on for tailored, actionable insights. The findings paint a clear picture of the challenges facing SAP-powered finance teams migrating to the cloud. The result post-migration?

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