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30 Best Accounting KPIs and Metric Examples for 2021 Reporting

Insight Software

When accounts payable departments pay their bills accurately and on time, it maintains good relationships with external vendors which can lead to favorable payment terms and discounts. High invoice cycle time can make it difficult to make payments in time which will result in late payment penalties and strain on vendor relationships.

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What is Account Reconciliation?

Insight Software

With the rise of financial reporting software , many finance professionals rely on automated reconciliation for this vital process. 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.

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What is a Data Pipeline?

Insight Software

Data pipelines support data science and business intelligence projects by providing data engineers with high-quality, consistent, and easily accessible data. Cloud Data Pipelines : These pipelines move data between cloud-based systems, such as from one cloud service to another or from on-premises to the cloud.

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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. Double-check that: All vendor bills are recorded in the software. Fast and clean. Any debt repayments. Reconcile Accounts Payable.

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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. From entrepreneurs to international conglomerates, cash flow forecasting is a vital part of any organization’s financial planning process.

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Quickly Clean Your SAP Supply Chain Data of Pollution

Insight Software

Stock projections will be incorrect, impacting finances like working capital and revenue. Insights can then be published directly or distributed by being pushed to or pulled by third-party BI tools. 20-minute discovery call with a product expert. Easily Identify Pollution in Your Data Stream. What to expect.

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3 Ways Finance Can Help Navigate Supply Chain Disruptions

Insight Software

Gone are the days of finance sitting comfortably in the back seat. Here, we discuss three ways finance teams can cope with constant changes to the supply chain. Sub-par customer service. A simple example of this would be that Sales holds data around which products sell fastest and trends in customer buying behavior.