This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Data Analysis (Image created using photo and elements in Canva) Evolution of data and big data Until the advent of computers, limited facts were collected and documented, given the cost and scarcity of resources and effort to capture, store, and maintain them. Food for thought and the way ahead!
David is also a contributor to IEEE Cloud Computing and has published countless number of articles and books over the years. He guest blogs at Oracle, IBM, HP, SAP, SAGE, Huawei, Commvault, Equinix, Cloudtech. He is currently working on his next book – Agile Digital Transformation. Maximiser, Miller Heiman and more.
Even if you succeed with the initial implementation, there might be a question further about how to replace a SaaS vendor. And IBM seems to be a leader in leveraging AI to modernize legacy systems. Unsurprisingly, IBM suits that role as, to this day, they serve as mainframes to run legacy software for their customers.
Healthcare Data Management Challenges Consolidating data from disparate sources Healthcare data comes from various sources, including EHRs, EMRs, and unstructured documents. With the help of our AI-powered data capture technology, healthcare organizations can seamlessly extract data from unstructured documents.
Software upgrades and maintenance are commonly included for an additional 15 to 30 percent annual fee. Services Technical and consulting services are employed to make sure that implementation and maintenance go smoothly. Developer Resources Internal developers should be included in the initial phase of implementation.
With that in mind, we have prepared a list of the top 19 definitive data analytics and big data books, along with magazines and authentic readers’ reviews upvoted by the Goodreads community. Before we delve deeper into the best books for data analytics, here are three big data insights to put their relevance and importance into perspective.
Already tasked with maintaining critical business infrastructure, IT will prioritize other urgent needs over the report, often leading to lengthy delays. Forget hidden formulas and spreadsheets shrouded in mystery – clear documentation empowers the finance team to move beyond number-crunching and become strategic partners.
Briefly stated, the perfect order rate represents the percentage of orders that are delivered in full, on time, without incident, and with documentation that is accurate and complete. Historically, managers have shown a strong preference for maintaining minimal inventory levels. Inventory Days of Supply. Inventory Turnover.
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. This prevents fraudulent activities and errors in financial reporting.
One of the most challenging aspects of being an equity administrator is managing the vast range of documents related to stock option plans. These documents are not only essential for compliance and accuracy but also for communication and transparency with option holders.
Agentic RAG AI uses agents that retrieve relevant documents, tools, and data from your system. By leveraging document loaders and integrated workflows, it delivers answers that are accurate, context-aware, and actionable. It doesnt just work on static models; it adapts to your data and evolves with every user interaction.
A board report is a document presented to the governing body of a company to help keep the board members up-to-speed on what’s going on within the corporation. A board report is one that combines and summarizes all the committee reports, as well as the report of the executive director, into one document. What Is a Board Report?
Listed companies also have to create multiple documents for internal as well external disclosure that include both numbers and narrative. How easy is it to forget to change a comparative word in one or more documents (e.g., Budget Books/Decks. Board Books/Decks. Management Accounts. Regulatory Reporting (iXBRL, EDGAR).
By reconciling bank statements with cash records, businesses can ensure that account activity is accurately recorded, identify any reconciliation discrepancies or unauthorized transactions, and maintain adequate cash balances to meet operational needs.
The pressure is on to get the books closed cleanly, accurately, and without delay. A standardized accounting close process becomes your team’s roadmap for closing the books each month. It begins with documenting that process step-by-step, establishing clear responsibilities. offs and approvals and marking tasks as complete.
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.
On-prem ERPs are hosted and maintained by your IT department and typically can only be accessed via an in-office network connection or VPN remote connection. Organizations must weigh this long-term cost against the time and effort involved in maintaining an on-prem equivalent. Will transitioning to the cloud disrupt my business?
Companies that consistently close fast and clean only get that done by implementing the right tools and methods. This is the driving principle of financial close management – a new approach to closing the books. The financial consolidation and close process takes a variety of financial statements and documents. Download Now.
There’s no way to globally manage security with components, which means you’ll have to implement and maintain security separately and consistently for every component you use. Developing and maintaining homegrown analytics diverts focus from their core application.
The process of embedding XBRL tags into the XHTML document to produce the Inline XBRL (iXBRL) output requires software. This isn’t just confined to annual and other external reports, but also internal management reports, board books, and reports for individual business units.
With multiple contributors working on your annual report, it can be challenging to effectively track workflows and maintain version control. Define ownership of tasks, communication channels, and document templates. Real-time validation on XBRL documents allows you to instantly flag errors and improve overall quality in filings.
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.
In the case of a public company predicting quarterly profitability, for example, a forecast is a comprehensive document akin to a financial statement. Again, this is not to say that forecasts aren’t sometimes all-encompassing. It must address the entirety of the organization’s financial activity.
Manual processes are time-consuming, labor-intensive, and prone to human error, making it difficult for finance teams to meet tight reporting deadlines and maintain data accuracy. Audit Trail and Version Control : Certent Disclosure Management maintains a clear audit trail for all changes made to disclosures.
It ensures data consistency and provides a historical data trail, making it ideal for scenarios where maintaining a reliable record of data changes and supporting historical analysis are crucial for your team. It trends more cost-effective compared to real-time solutions because it requires fewer resources. It is simpler and more predictable.
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.
Traditional Office documents may also hinder real-time collaboration and version control, potentially leading to inaccuracies and delays. Accuracy Risks: Switching between applications and manual data entry between the disclosure tool and Excel increases the risk of errors and makes it difficult to maintain a single source of truth.
As data grew in 2023, embedded analytics solutions scaled seamlessly to maintain performance, ensuring that analytical processes remain responsive and timely. Data Security : Again in 2023, we saw that ensuring data security in embedded analytics is crucial to protecting sensitive information and maintaining the trust of users.
Auditors and regulators require extensive documentation, and if they find that transfer pricing has been done incorrectly or inappropriately, they may be required to restate financial results. Getting it wrong can be costly. Fees or penalties could be applied as well. Challenges of Operational Transfer Pricing.
Since the UGT is updated only once a year, these changes are housed in a “ Pending Annual Updates ” page and incorporated into a development taxonomy that FASB maintains between official releases. Variable Interest Entities–Pledged Assets. Helpful Hint for Certent CDM Customers. Helpful Hint for Certent CDM Customers.
However, to implement it, companies and organizations need to understand what ESG reporting is, what it comprises of, and why it is important. This, for instance, include that a company uses accurate and transparent accounting methods, implements proper shareholder voting processes, and doesn’t engage in any illegal practices.
Gone are the days of manual data entry, tax calculations, and document management, leading to significant time savings and a reduced margin for error. Cloud-based software—which is quickly becoming the new standard—can be implemented affordably. You’ll be able to focus on getting the job done.
Streamline the traditionally manual process of implementing reporting tools and enterprise-wide BI initiatives with more than 1,800 no-code business views and reports (pre-built content by module/subject area). It documents the business metadata of each view and report, making it faster and easier to search for and understand data.
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. Maintain a single source of truth for easy collaboration. Spreadsheet Server enables you to: Leverage real-time data. It was a very manual process.
This document outlines the various official accessibility standards available, gives an overview of the accessibility implementation in the embedded analytics products provided by insightsoftware, and provides links to the standards documents.
Business cash flow planning or management lets you make sure your business has enough money to maintain its operations. There must be positive cash flow for a company to maintain its viability over the long term. Your company’s invoices are commercial, legally binding documents that itemize transactions between a buyer and seller.
Implementing a PIM or PXM* solution will bring numerous benefits to your organization, in terms of improving efficiency, increasing sales and conversions, reducing returns, and promoting customer loyalty through more accurate, more complete, and more engaging product content. Here we explore these benefits in more detail.
Due to the complexity of SAP data structures, you often need assistance from your IT team to pull reports, a time-consuming process that leads to long planning cycles, localized documents, and inefficient coordination across departments. There are more benefits to implementing Bizview than just the efficiency it adds to your planning process.
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.”
This prevents long planning cycles, multiple local copies of planning documents, and decreased data accuracy, which can lead to increased costs and potentially missing revenue targets. The EBS Interface understand your ERP schema and maps this data in Bizview, saving you time, reducing complexity, and de-risking the implementation process.
Combining EPM and tax reporting tools streamlines the reporting process, while maintaining autonomy. Both EPM and tax reporting tools can maintain detailed audit trails, which are essential for compliance and transparency. This is crucial for tax teams to make accurate calculations and ensure compliance with changing tax regulations.
An ERP implementation offers an ideal window in which to lay out a vision for improved tax planning and management of transfer pricing policies. The design phase results in a list of configuration settings, which can typically be implemented by the company’s tax team. To learn more, read How to Implement Longview Tax in Six Easy Steps.
Manual financial reporting means you have to go back and edit every downstream document. Siloed Narratives: Users have multiple systems of record for narrative content, so the data must be manually distributed and is not synchronized across platforms and documents associated with the year-end reporting cycle.
During this process, you notice that maintenance and repair expenses were especially high in June and July. Before you can determine a budget for next year’s maintenance and repair costs, you’ll need to investigate further. You also have this year’s approved budget on hand for reference. Was it a seasonal rise, or was this an anomaly?
We organize all of the trending information in your field so you don't have to. Join 57,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content