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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

Thanks to automation, it is entirely possible to work as an accountant for your entire career without ever manually performing a reconciliation or monitoring relevant metrics during a financial close. Hubble Best Practices: Self Service Subledger Reconciliations Download Now Why Do We Need to Reconcile Accounts?

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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. Monitoring and Maintenance : Data pipelines need to be monitored and maintained to ensure they are running smoothly and efficiently, with error handling and data validation in place.

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The Financial Close Process

Insight Software

Double-check that: All vendor bills are recorded in the software. All vendor statements are reconciled to the corresponding accounts payable balance. Once that’s done, make sure your accounts with suppliers and vendors are in good standing. Reconcile all vendor, supplier, or credit statements to accounts payable.

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What is Cash Flow Forecasting?

Insight Software

Cash flow forecasting helps businesses plan and manage their finances effectively by providing insights into future cash needs, identifying potential cash shortfalls or surpluses, and informing decision-making related to budgeting, investment, financing, product pricing, and working capital management.

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Top 5 EPM Reporting Templates (+ How to Get Started with EPM)

Insight Software

For virtually everyone in your organization, EPM reporting can be a powerful tool for defining clearly measurable targets, monitoring performance, and bringing your data to life. Self-service reporting is here and ready for you to try. pre-built templates created by domain experts. 20-minute discovery call with a product expert.

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insightsoftware Ranks in the Gartner Magic Quadrant for Financial Close and Consolidation Solutions

Insight Software

It provides a graphical comparative positioning of technology and service providers with high market growth and product differentiation. It evaluates vendors based on their completeness of vision and ability to execute. It evaluates vendors based on their completeness of vision and ability to execute.