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30 Best Accounting KPIs and Metric Examples for 2021 Reporting

Insight Software

Days to Complete Monthly Close – This example shows how efficient the internal accounting department is at closing the books at the end of each month. Days to Complete Annual Close – Similar to the previous measure, this shows how fast your internal accounting department is at closing the year end books.

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The Financial Close Process

Insight Software

This is the driving principle of financial close management – a new approach to closing the books. Note Bad Debt : update the monthly books to reflect any bad debt that will be written off. Negotiate Payment Plans: if needed, contact the supplier and work out a better payment plan. This includes: Checking accounts.

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Board Report Best Practices

Insight Software

action oriented strategic plans. action oriented strategic plans. Being able to navigate these effectively takes planning and foresight. It’s important to assess company performance in order to adjust your business plan accordingly. Is your current plan out of date? Action Oriented Strategic Plans.

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What is a Data Pipeline?

Insight Software

Finance organizations can then leverage advanced analytics and machine learning applications to gain valuable insights for strategic planning and risk management. By integrating predictive models into data pipelines, organizations can benefit from actionable insights that drive strategic planning.

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What is Cash Flow Forecasting?

Insight Software

From entrepreneurs to international conglomerates, cash flow forecasting is a vital part of any organization’s financial planning process. Positive Cash Flow Planning: Forecasting allows businesses to plan for periods of positive cash flow, where cash inflows exceed outflows.

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What is Account Reconciliation?

Insight Software

Enhanced financial decision-making – Account reconciliations help ensure that financial data used for decision-making purposes, such as budgeting, forecasting, and strategic planning, is trustworthy and reflects the true financial position and performance of the organization. To learn more, contact us today for a free demo.

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Quickly Clean Your SAP Supply Chain Data of Pollution

Insight Software

20-minute discovery call with a product expert. With direct, multi-source connectivity and drag-and-drop editing, you have everything at hand to create interactive reports and dashboards to support day-to-day decision making. What to expect. Discover which solutions are best suited for your needs. No high pressure sales pitch.