Remove Finance Remove IBM cost Remove IBM Expert
article thumbnail

30 Best Accounting KPIs and Metric Examples for 2021 Reporting

Insight Software

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.

article thumbnail

What is Cash Flow Forecasting?

Insight Software

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. Cash flow forecasting is a valuable tool for businesses to manage their finances, mitigate risk, and drive growth.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Financial Close Process

Insight Software

This standard is held up as a measure of a finance or accounting department’s effectiveness. It orients a finance department towards faster, more accurate, and more efficient financial closes. Income and expense account information. Expense receipts and supplier invoices. These include revenue and expense accounts.

article thumbnail

What is Account Reconciliation?

Insight Software

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.

article thumbnail

How Tax Professionals Leverage Software to Become More Strategic

Insight Software

If tax teams are viewed as mere cost centers, it can be difficult for them to secure executive backing for strategic projects. For most businesses, that meant gathering information rapidly and filing the necessary paperwork to substantiate expenses. Tax Teams: Stepping into a Strategic Role. Get a Demo.

article thumbnail

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. Data pipelines gather and consolidate large volumes of historical data from various financial systems and external sources.

article thumbnail

Do the Benefits of Cloud Outweigh the Costs?

Insight Software

But the constant noise around the topic – from cost benefit analyses to sales pitches to technical overviews – has led to information overload. Finance teams, like yours, are expected to offer meaningful input on cloud investments. This saves time and cost by ensuring your existing reports continue to work after each upgrade.