article thumbnail

Work Management: Finding the best software to build and manage custom workflows

Monday

SECURITY & TRUST: As reported by IBM , the average total cost of a data breach in 2020 ranged from $2.2 monday.com has guides , live and on-demand webinars , and a strong community forum — a place to learn from fellow users and monday.com product experts. More about monday.com’s mobile app here. million to $6.9

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.

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

Income and expense account information. Expense receipts and supplier invoices. These include revenue and expense accounts. Record the Month’s Expenses. Follow the same process for the month’s expenses. Travel expenses. This can include: Accrued expenses. Reconcile Revenue and Expense Accounts.

article thumbnail

What is Cash Flow Forecasting?

Insight Software

This allows them to take proactive measures to address potential shortfalls, such as negotiating payment terms with raw materials suppliers, securing additional financing, or implementing cost-saving measures to ensure they always have enough cash on hand. Cost of Goods Sold, Operating Expenses, Loan Repayments, etc.).

article thumbnail

What is Account Reconciliation?

Insight Software

By ensuring the accuracy of accounts payable balances and expenses recorded in the accounting records, vendor reconciliation contributes to the accuracy of overhead figures reported on the income statement. How do you reconcile an expense account? Our financial reporting solutions bring speed and agility to period-end closings.

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. 20-minute discovery call with a product expert. What to expect.

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. Self-service BI – Empower Your Staff to Build Custom Analysis Angles for Oracle solution allows you to implement a true reporting environment in the least amount of time, and at the lowest cost.