Insight Software

APRIL 25, 2024

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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Insight Software

APRIL 5, 2021

As a finance professional, you’ll need different types of financial analysis and modeling for different situations. Financial modeling involves combining key accounting, finance, and business metrics to build an abstract representation, or model, of a company’s financial situation. That being said, one model can’t do it all.

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Insight Software

MAY 10, 2021

Financial reporting, operational reporting, financial planning and analysis—there’s no shortage of work for finance teams to do as organizations continue to adjust to the new economic realities that the pandemic thrust upon the world stage in 2020. As organizational priorities shift, so too do the priorities of finance teams.

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Insight Software

FEBRUARY 28, 2022

Most operational reports are created for the finance and accounting departments, but other departments also require operational reports on a recurring basis, including sales, customer service, human resources, and marketing, to name a few. Finance Teams Create Recurring Operational Reports Frequently. Microsoft Power BI.

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Insight Software

MAY 9, 2024

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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Insight Software

DECEMBER 8, 2023

Next year, finance teams utilizing SAP will face unparalleled pressure due to a confluence of economic challenges. These adversities heighten the necessity for finance professionals to adeptly translate raw data into strategic guidance. The same report found that recently a new set of obstacles has emerged for finance teams.

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Insight Software

AUGUST 27, 2021

With the advent of cloud ERP, software publishers have been forced to abandon that direct access approach because it presents potential security threats in a multi-tenant environment. of the web services APIs that connect Power BI to Microsoft D365 BC. That has the benefits of being both fast and very straightforward.

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Insight Software

JULY 15, 2021

There are, of course, situations that present both crisis and opportunity. The manufacturer responded by shifting to the production of acrylic barriers for cashier stations, customer service desks, and private offices, where it was impossible to avoid person-to-person altogether. Limitations of Excel Scenario Modeling.

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Insight Software

SEPTEMBER 25, 2024

In the fast-paced world of finance and property management, accurate and timely reporting is crucial. Factors such as complex data extraction, manual processes, and reliance on IT support can hinder efficiency. However, many of these tools require technical expertise.

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Insight Software

MAY 3, 2021

Though the software offers several advantages over previous versions, finance teams using Microsoft D365BC may experience some challenges in the areas of operational and financial reporting. Here are some of the most common operational reporting roadblocks finance teams that use Microsoft D365BC encounter.

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Insight Software

OCTOBER 14, 2022

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. If they keep this data siloed, then Procurement and Finance would not know to order more units or build that capacity in future budgets.

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Insight Software

DECEMBER 22, 2021

In this context, finance is directly involved in the process and is typically the top-level owner of S&OP as a whole. Which customer segments are most profitable, and how can both sales and supply chain operations be aligned to support maximum profitability? An Example of Sales and Operations Planning. Supply Planning.

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Insight Software

APRIL 25, 2024

Finance is a complex field, and so are the laws that govern it. It shapes the regulatory landscape for publicly traded companies in many ways, including mandates surrounding: Auditor Independence : The SOX Act restricts the types of non-audit services that auditing firms can provide to their clients. insightsoftware is here to help.

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Insight Software

NOVEMBER 16, 2022

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. Prior to a board meeting, it’s common for each committee or department within an organization to compile a board report detailing their progress to be presented to the executive.

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Insight Software

JANUARY 19, 2024

This is why we have seen the recent rise in storytelling as a key skill for finance and FP&A professionals. Most finance professionals need more time to think about how to convey the data story in a way that gets the audience’s attention and influences them to make intelligent decisions with the data.

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Insight Software

MAY 4, 2021

As part of this major step in the evolution of SAP’s flagship product, the company also shifted to a cloud-first approach, giving customers the technical underpinnings needed to support a fully cloud-based implementation, while still offering the option of deploying S/4HANA on-premise. An Overview of SAP S/4HANA Reporting Tools.

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Insight Software

NOVEMBER 8, 2021

After all, most finance leaders know that migrating data from their old ERP and implementing a new ERP comes with the risk of being a costly, complex, and labor-intensive process that detracts from the actual work at hand. Knowing your many options is essential. Reduce Post Implementation Training Time.

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Insight Software

JULY 19, 2021

409A valuation is an independent appraisal of the fair market value performed by an outside party on behalf of unlisted or private companies and startups that offer stock options to key employees. The insightsoftware team offers a valuation service that calculates fair value for private companies. Contact us today for a free demo.

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Insight Software

JANUARY 11, 2024

Accuracy and consistency are two key challenges for your finance team tasked with wrangling disparate data sources into a compliant annual ESMA filing. The two most common options are hiring a third-party service provider or using a software solution like Certent Disclosure Management (CDM) to do it in-house.

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Insight Software

MARCH 3, 2022

The Deltek Marketplace provides partner solutions, business services, and integrations across the project lifecycle that allow project-based businesses to unlock potential, accelerate operations, and improve profitability. At their core, a project-based business provides services as they deliver the project.

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Insight Software

NOVEMBER 14, 2022

CXO Software, for example, is remarkably user-friendly, allowing users in the finance department to develop powerful, flexible reports without help from the IT department. The finance experts at CXO Software ?have Self-service reporting is here and ready for you to try. CXO Lunch and Learn: Introduction to Workflow.

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Insight Software

JUNE 13, 2022

Are those customizations already supported by Dynamics 365? What third-party services need to be integrated? Those options include: Data lake or Azure Data Lake Services (ADLS) is Microsoft’s new data solution, which provides unstructured date analytics through AI. What Customizations need to be transferred?

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Insight Software

MARCH 23, 2023

Self-service’ capabilities like Self-Service BI are the manifestation of this expectation within many technologies. Those who embed these tools without doing their due diligence will find themselves mired in IT requests to get self-service BI up and running. Put simply, ‘self-service’ relates to true autonomy.

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Insight Software

SEPTEMBER 20, 2021

Nothing is more embarrassing than presenting a packet of information, being questioned about the details it contains, and then realizing that errors were missed somewhere along the way. That’s especially true of quantitative information, which is often presented most effectively in graphical format. Powerful Visualizations.

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Insight Software

OCTOBER 28, 2024

Although Oracle E-Business Suite (EBS) provides a centralized hub for financial data, the manual process of exporting data into spreadsheets is both time-consuming and prone to errors, forcing finance teams to spend considerable time verifying numbers. According to our study, 78% of Oracle-based finance teams felt over-reliant upon IT.

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Insight Software

MARCH 24, 2024

To build a flourishing ecosystem that seamlessly connects your tax department to finance and wider company, you need to make sure all aspects of your process are functioning to the best of their ability. These integrated tools can facilitate collaboration between finance and tax teams. Streamlined Reporting Processes.

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Insight Software

AUGUST 20, 2024

The Elephant in the Room: Concerns About the Cloud Migrating your Oracle environment to the cloud presents an exciting opportunity for increased agility, scalability, and cost savings. The fear of vendor lock-in and limited flexibility with cloud solutions can also lead to hesitation. However, taking this leap can be scary.

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Insight Software

JANUARY 31, 2022

Read any overview of how the finance and accounting function is changing, and you will notice several common themes. The aim of technology in finance is to remove friction. With cloud migration that means making upgrades, licensing, procurement and maintenance simpler with software-as-a-service (SaaS) models. Access Resource.

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Insight Software

AUGUST 12, 2022

As the strategic role of finance teams continues to evolve, the Office of the CFO faces many new responsibilities. Resource allocation, however, does not always grow in tandem with those responsibilities, leading to scalability challenges for finance teams tasked with doing more with fewer resources. Here’s what the research revealed.

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Insight Software

MARCH 4, 2024

The Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS) are part of the EU’s sustainable finance agenda and aim to support the transition to a green and inclusive economy. for ESMA ESEF, SEC, etc.)?

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Insight Software

MARCH 14, 2022

The same can be said for finance teams as they work on operational reporting. The most skilled finance professionals still need the right tools to get the job done well. insightsoftware partnered with Hanover Research to discover which tools finance professionals use most for operational reporting and how they feel about those tools.

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Insight Software

OCTOBER 18, 2024

Key Challenges of Embedded Dashboards Implementing Embedded Dashboards can present challenges, including technical integration, data security, and user training. Technical integration can be complex, especially when connecting multiple data sources through APIs, requiring a stable infrastructure to support data flow.

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Insight Software

MAY 6, 2021

From monthly board reporting to annual reports, and press releases to investor presentations, report content needs to be accurate and consistent, and there is no margin for error. Line of Business/Central Service. Examples could include: Annual and Quarterly Reporting Treasury Reporting. Management Accounts. Budget Books/Decks.

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Insight Software

FEBRUARY 4, 2022

Equity compensation may also apply to non-employee services provided by independent contractors, board members, or advisors. This is a win for the company because it requires little or no initial cash outlay and provides a powerful incentive for all parties to drive the company forward to success.

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Insight Software

MARCH 21, 2022

The task of creating those reports falls onto the shoulders of finance teams that are sometimes already struggling to manage a heavy workload. Half of decision-makers produce all their recurring reports at least once a week, and for the top twelve operational reports required, more than 12% of finance teams produce the reports daily.

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Insight Software

JULY 28, 2023

Because retail and food service businesses are uniquely positioned within the market landscape, the need for a reliable budgeting and planning process is crucial. In food service, menus are frequently decided by the season and what products are available. And retail isn’t the only industry impacted by the evolution of sales channels.

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Insight Software

APRIL 26, 2022

Finance professionals know that data matters, but stories convey truth in ways that mere numbers simply cannot. Those who work in finance may describe themselves as “numbers people.” Even so, finance team members probably understand and retain information more readily when it’s presented in narrative form.

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