Insight Software

JULY 1, 2022

If tax teams are viewed as mere cost centers, it can be difficult for them to secure executive backing for strategic projects. 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. Download Now.

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Insight Software

FEBRUARY 15, 2022

Many are seeking leaner, more agile budgeting and planning options. Let’s examine some of these methods: Zero-based budgeting (ZBB) dictates that you should build budgets from the ground up, with relatively little attention paid to prior years’ revenue and expense numbers. How Important Is Agility to Your Organization?

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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. Porting information can be a painful and expensive process.

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Insight Software

MAY 8, 2024

Unsurprisingly, most organizations are increasing BI budgets, likely to help drive organizational agility. Top BI objectives were better decision making and efficiency/cost and revenue goals. Among other findings, the report identifies operations, executive management, and finance as the key drivers for business intelligence practices.

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Insight Software

MARCH 4, 2024

Visions of cost savings and efficiency gains dance in their minds. The Hidden Price Tag of Inefficient SAP Data Processing While the upfront cost of SAP is well-documented, the true cost of inefficient data processing within the system often lurks in the shadows. But the damage doesn’t stop there.

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Insight Software

OCTOBER 24, 2023

To achieve oversight and agility, your finance team needs the right tools to aggregate all relevant data sources and provide the comprehensive analysis your leadership craves. This agility helps organizations capitalize on favorable circumstances. Our recent Hanover report echoes this sentiment.

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Insight Software

JANUARY 24, 2024

Between soaring material costs and the impact of inflation, the construction industry has had to practice extra agility and resilience in recent years. In tight times, cost control takes center stage. The lack of agility is perhaps the most insidious value drain.

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Insight Software

AUGUST 31, 2021

Zero-based budgeting (ZBB) is rapidly gaining in popularity, as businesses around the world seek new ways to operate more efficiently, grow their profits, and increase agility. The zero-based approach requires that budget owners justify every expense. Zero-based Budgeting Focuses on Needs. ZBB Encourages Innovation.

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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

AUGUST 25, 2021

Interest expense on an amortized loan, for example, will steadily increase over time as the principal portion of each payment declines. In a few cases, managers may be aware of expense categories that will sharply decline or go away altogether. Today’s global economy calls for business agility. Zero-Based Budgeting.

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Insight Software

MAY 23, 2024

This cuts costs and speeds up product go-to-market. Time is money, and if your team is spending it on maintenance, they could be missing out on more proactive initiatives that increase your business’s cash flow. In this way, an embedded analytics solution can enable your business to monetize faster and more efficiently over time.

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Insight Software

MARCH 25, 2024

However, in order to thrive, they must also operate sustainably and mange costs. 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. How to Choose the Most Impactful Hospital KPIs?

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Insight Software

NOVEMBER 28, 2023

As businesses navigate the ever-changing landscape of tax regulations, they face the ongoing challenge of increasing productivity while minimizing costs. Thanks to this reduction in time and manual demands, you gain greater agility to accelerate your tax completion timeline while simultaneously boosting your department’s autonomy.

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Insight Software

MAY 12, 2023

Defining Containerization According to IBM , containerization is: “the packaging of software code with just the operating system (OS) libraries and dependencies required to run the code to create a single lightweight executable — called a container — that runs consistently on any infrastructure”.

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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. Our financial reporting solutions bring speed and agility to period-end closings. To learn more, contact us today for a free demo.

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Insight Software

MARCH 24, 2024

Investments are the costs of running a variety of programs or marketing campaigns. Overhead costs : This metric is used by non-profits to signal accountability to stakeholders and donors. Overhead expenses are considered the administrative and logistics costs that the non-profit incurs to keep the organization running.

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Insight Software

JULY 14, 2022

The overall goal of business cash flow planning is to be able to predict how much money your company will have at some point in the future, so you can cover expenses and debts like payroll, purchase orders, rent/lease payments, and utilities. And also operating expenses such as payroll. Business Agility. Download Now.

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Insight Software

JULY 24, 2023

The underlying message is crystal clear: today’s ultimate vision revolves around migrating customers to the cloud. 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.

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Insight Software

FEBRUARY 23, 2024

Reduce internal production costs for each marketing channel. Jason Simpson, 9th February 2024 Why Choose Agility PIM Over Another PIM Agility PIM from insightsoftware is a user-friendly application designed for efficient workflows and easy integration with multiple systems.

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Insight Software

FEBRUARY 29, 2024

This enables agile, data-driven decision-making for maximum impact. Planning is done within a best-of-breed reporting platform that enables stakeholders to derive actionable real-time insights as budget data is collected to support agile, data-driven decision making.

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Insight Software

OCTOBER 4, 2021

To calculate this KPI, start with the cost of goods sold for a specified period (e.g. They cost your organization valuable time and money, and they are usually correlated with a negative customer experience. Supply Chain Costs as a Percentage of Sales. When you need something fast, it generally costs more.

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Insight Software

MARCH 20, 2024

This reliance on IT for reports can lead to delays and frustration, hindering your team’s ability to be agile and responsive. This lack of visibility can lead to missed opportunities for cost savings or uncovering financial risks. Inefficiency and Bottlenecks: The reliance on IT for custom reports creates a bottleneck.

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Insight Software

OCTOBER 7, 2021

However, if DPO is too high it can indicate that the company may have problems paying its bills.DPO = (Accounts Payable / Cost of Goods Sold) x # of Days. Cost per Invoice – This is an accounting manager KPI that indicates the total average cost of processing a single invoice from receipt to payment.

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Insight Software

JUNE 27, 2023

It’s particularly important to leverage AI’s potential to free up resources in a volatile market where finance teams need agility to drive resilience. Additionally, AI can be expensive to implement and using it to its full potential may require specialized training.

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Insight Software

SEPTEMBER 1, 2023

On top of managing the staggering cost of inflation, turbulence in the global market, and The Great Resignation, organizations are grappling with skills shortages. Increase the accuracy of tracking historical job costs while enabling your finance team to more efficiently oversee financial health, profitability, and other operational expenses.

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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. . Managing the costs and utilization of those resources across one or multiple projects, while delivering high-quality work, is a primary driver of success for an AEC firm.

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Insight Software

MARCH 21, 2022

As leaders reevaluate the agility and resilience of their organizations, they need accurate, timely operational reports that provide real insight into the inner workings of their businesses. The top three reports cited by respondents as most difficult to generate were: Project Expense by Category. Weekly Forecasting. Revenue Trends.

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Insight Software

APRIL 8, 2024

The High Cost of Data Silos Fragmented data across these systems makes it challenging to gain a holistic view of your organization’s financial performance. This reliance on manual data movement also reduces overall efficiency and increases operational costs for your finance team.

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Insight Software

JULY 13, 2023

Agility Drives Resilience In today’s uncertain market, the need to build a resilient team that can adapt quickly to market changes is greater than ever. Agility is about arriving at decisions quickly and acting on them confidently. Great reporting makes it clear what to do next, while not-great reporting does the opposite.

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Insight Software

JULY 28, 2023

You need to be able to create complex budgets that consider seasonality and evolving sales channels while remaining agile enough to respond to shifting trends and changing consumer behavior. It’s challenging to balance the costs and demands of those trends without accurate and robust forecasting capabilities.

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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

JANUARY 30, 2024

Strong employee participation is more likely when the plan’s design aligns with your corporate vision. When designing your ESPP, take your cash flow, tax deductions, share depletion, and expenses into consideration. Consider your company’s identity and strategic goals, and make sure your ESPP reflects your culture.

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Insight Software

FEBRUARY 8, 2023

This long-term relationship is known as broker “lock-in” and has the potential to cost you dearly in the long-run. If you experience poor service from your broker or market conditions demand you switch, a broker agnostic equity management platform will greatly reduce the cost and effort involved. Not cost burdens down the road.

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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

JANUARY 29, 2024

Cloud-based ERPs reduce operating costs, can help automate processes, and provide finance teams with greater autonomy. Cloud migration and support are top-of-mind for worldwide organizations–this year, cloud computing is forecast to surpass $1 trillion worldwide for the first time.

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Insight Software

JANUARY 31, 2024

Self-Service Reporting Designed for Finance Many finance processes rely on extensive help from IT or expensive external consultants. Spreadsheet Server connects Excel to more than 140 ERPs, so you can easily build any report you need with your existing Excel skills.

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Insight Software

NOVEMBER 21, 2023

Data lakes make storing and harnessing large volumes of information easier and more efficient while reducing overall data storage costs. Data lakehouses leverage low-cost storage options underneath structured, more conventional databases. As a response to emerging technology, data lakes took off along with the rise of big data.

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