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Rick is a well experienced CTO who can offer cloud computing strategies and services to reduce IT operational costs and thus improve the efficiency. He guest blogs at Oracle, IBM, HP, SAP, SAGE, Huawei, Commvault, Equinix, Cloudtech. He is currently working on his next book – Agile Digital Transformation.
Gross Profit Margin = (Total Revenue – Cost of Goods Sold) / Total Revenue. This performance metric should be tracked in conjunction with gross margin and operating costs to ensure enough money is being generated from sales, and that operating costs aren’t eating too far into profitability. ROAS = Revenue / Advertising Costs.
If you don’t have these skills readily available in-house, this can become an expensive and drawn-out process. You can compare payroll, business expenses, and material costs against previous years to analyze changes. Review costs over periods of time to measure performance.
These marketplace features streamline processes from cost management to advanced analytics integration, enabling your application to deliver top-tier insights with ease. With Logi Symphony now available on Google Marketplace, you can use those pre-existing Google credits to offset the cost. Ready to learn more?
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.
We asked webinar attendees to report how their tax department is viewed by other coworkers. If tax teams are viewed as mere cost centers, it can be difficult for them to secure executive backing for strategic projects. Tax Teams, Agility, and the Pandemic Effect. Tax Teams: Stepping into a Strategic Role. Download Now.
To help you assess whether embedded analytics is the right investment, consider the hidden costs of limited analytics offerings. Time Loss in the Wees of Ad Hoc Requests A key hidden cost of suboptimal analytics is the drain on development resources caused by ad hoc reporting requests.
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.
Data visualizations are no longer driving revenue: Everyone from Google to Amazon now provides low-cost or no-cost visualization tools that drive down the perceived value of data visualizations. Users are coming to expect sophisticated analytics at little or no cost. cost reduction).
By automating repetitive, manual tasks such as report generation and data integration, finance teams can significantly reduce operational costs, improve data accuracy, and free up valuable time for strategic analysis. Catch our on-demand webinar on how to make the best use of your Hubble toolkit. Ready to learn more?
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.
questions, and building contingency plans to make their businesses more agile and responsive. The sales cycle may be considerably longer and require more effort and expense, for example. In many situations, that may include information from the ERP system such as historical sales data, marketing expenses, and the cost of goods sold.
Building a reporting solution comes with a slew of benefits, for example: Reporting tailored to your organizations specific needs High levels of customizability Easy access to organizational data While building a custom solution ensures that you can tailor a solution to your business use cases, it comes at a significant time and monetary cost.
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. Want to learn how to improve cash flow management?
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.
Check out our webinar on self-service subledger reconciliations for a quick primer on when and how to best use self-service subledger reconciliations for your organization. Watch this webinar for best practice tips on how to remove complexity and save time with quick, easy general ledger and subledger reconciliations.
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.
While business leaders do have concerns about migration costs and data security, the benefits of moving to the cloud are impossible to deny. Embracing cloud technology will position your business to more effectively automate workflows, optimize costs, and drive value in your organization. However, taking this leap can be scary.
This year, an Oracle survey of CFOs reveals CFO’s top challenges include navigating the need to cut costs, retaining talent within the finance function, and focusing on more accurate forecasting. These factors collectively contribute to the increasing complexity and expense of addressing finance skill gaps through internal development.
Embedded Analytics Challenges – and How to Overcome Them Despite the benefits, it can still be difficult to get buy-in for BI and embedded analytics for your SaaS applications due to challenges like infrastructure costs, safety concerns, as well as uptime and scaling. Infrastructure costs. Here’s how. Security concerns.
This optimization leads to improved efficiency, reduced operational costs, and better resource utilization. Cost Optimization: The hybrid model allows finance teams to balance their expenses effectively. This strategy can help optimize costs by only paying for the resources that are truly needed.
Thriving in today’s architecture and engineering space means balancing costs, careful project management, and leveraging data for maximum efficiency. Balancing Labor Costs With Project Value After market upheaval and skills shortages defined 2022 and 2023, architecture and engineering firms continue to navigate an uncertain market.
However, organizations aren’t out of the woods yet as it becomes increasingly critical to navigate inflation and increasing costs. According to a recent study by Boston Consulting Group, 65% of global executives consider supply chain costs to be a high priority. Ready to learn more?
KPIs such as efficiency, reducing stock levels, and optimizing logistics costs can conflict with your ambition to deliver on time. Recently, insightsoftware broke this all down in a webinar created and led by Richard den Ouden, the co-founder of Angles of SAP. The on-demand webinar is available here. Analyze your OTIF. “If
Agility is Top of Mind. Agility has become the watchword of the last few years. Agility comes through the ability to focus on what matters (i.e. Added to which, insightsoftware reforecasts weekly, which gives it deep familiarity with the business drivers, allowing it to respond agilely to change.
In theory, the office manager should also obtain a receipt, record the purpose of the expense, and return all of that information to the petty cash box. Periodically, someone from finance will collate all of that information, verify receipts, categorize expenses, make the necessary entries in the general ledger, and reconcile petty cash.
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.
Costing, procurement, subcontractor management, and labor combine to create a level of intricacy that businesses in other sectors don’t have to contend with. Shrink Reporting Cycles When those with the right business context can control project reporting, it opens the door to faster, more agile reporting processes. Ready to learn more?
Keith Payne, VP Sales at insightsoftware, explores how organizations can prepare for market turbulence in 2023 by boosting their agile practices and considering the strength of existing tools. Automation and deeper insights don’t happen overnight, the change process and re-tooling can be expensive in terms of both money and time.
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.
Additionally, customizable dashboards and self-service capabilities reduce costs for development teams because they free up developers from constantly needing to be on hand to churn out new custom reports for customers. Tune into our on-demand webinar on how to evolve your analytics with trusted foundations and future-ready innovations.
Instead of paying down debt, saving on interest expense, and preserving liquidity; its cash is committed to maintaining bloated levels of inventory. For companies striving to achieve greater agility, that kind of process simply doesn’t work. If your company is striving to achieve greater supply chain agility, insightsoftware can help.
insightsoftware recently hosted a webinar on the topic of “ The Office of the CFO – A New Era: Decision Making at the Speed of Light ”. Despite some recent retirements in the team, there has been no need to seek new talent because technology has dramatically increased efficiency and cost effectiveness.
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. Check out our recent webinar, Fast Track Your Oracle Cloud Data into a Data Lakehouse.
Enterprise-wide impact — Reduce support and ongoing development costs. Access to real-time data — Gain the ability to support month-end closing needs and cost control. Accurate, up-to-date reports — Create consolidated reports across multiple cost and profit centers. Productivity boost — Create a new template in 60 seconds.
Self-Service Reporting Designed for Finance Many finance processes rely on extensive help from IT or expensive external consultants. For more information on how Spreadsheet Server will improve your financial and operational reporting processes, watch our on-demand webinar on mastering easy Excel reporting in 2024 now.
Balancing cost-effectiveness and quality are crucial, especially for smaller firms, necessitating a solution that aligns affordability with accuracy. In-House Software Solution: Provides control, customization, and enhanced data security, ideal for adaptable processes and long-term cost efficiency.
When extracting your financial and operational reporting data from a cloud ERP, your enterprise organization needs accurate, cost-efficient, user-friendly insights into that data. It trends more cost-effective compared to real-time solutions because it requires fewer resources. Migration to Oracle Cloud applications.
Because of the vast scale and complexity of the supply chain, it can be easy for S&OP and S&OE to become bottlenecked, increasing the risk of delays and unforeseen costs. The good news is you can bridge the gap between the strengths of AI-driven strategy and agile, real-time execution with the right tools.
With sensitive business data at risk, the cost of a breachboth financial and reputationalcan far outweigh the effort of upgrading. Increasing Operational Costs Maintaining outdated systems isnt just inconvenientits expensive. Check out our on-demand webinar on how to master pixel-perfect reports with Logi Symphony.
How Can Implementation Costs and Modifications to Leases Be Effectively Handled? Implementation costs from some vendors can be higher than the cost of the software and many require that you use their services to make changes to leases. What Is the Total Cost of Ownership for the Software?
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