Insight Software

NOVEMBER 7, 2023

Over the last 12 months, as we emerged from the pandemic, CFOs approached the finance function with a sense of realism and pragmatism, prioritizing functional growth in their budgets and plans over resource growth. These activities collectively reduce operational expenses, ensuring that the organization runs efficiently and cost-effectively.

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Insight Software

MARCH 23, 2024

5 Things Not to do When Choosing a Financial Reporting Tool Download Now Budgeting ratio : This government KPI is the ratio of the public sector operating cost to its revenue. A rising ratio points to a potential expense mismanagement and must be immediately addressed. It signifies the credit quality of the government entity.

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Insight Software

JUNE 25, 2023

However, in order to thrive, they must also operate sustainably and mange costs. Without a strong financial monitoring system, a hospital cannot plan for the long term and risks having to make abrupt decisions at the expense of customer satisfaction. How to Choose the Most Impactful Hospital KPIs?

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Insight Software

APRIL 18, 2024

Embedded Analytics Challenges – and How to Overcome Them Despite the benefits, it can still be difficult to get buy-in for BI and embedded analytics for your SaaS applications due to challenges like infrastructure costs, safety concerns, as well as uptime and scaling. Infrastructure costs. Here’s how. Security concerns.

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Insight Software

MAY 5, 2021

Strategic planning ranks high on a company’s list of priorities, and equally high on the list of challenges. Consider the eye-opening results of a recent survey : 94% of CFOs plan to change their risk strategy in the wake of the COVID-19 pandemic. With so many disruptive forces in play at once, strategic planning is critical.

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Insight Software

JULY 1, 2022

If tax teams are viewed as mere cost centers, it can be difficult for them to secure executive backing for strategic projects. The first is the drive toward agility and responsiveness that arose from the abrupt changes imposed early on in the recent pandemic. Tax Teams, Agility, and the Pandemic Effect. Download Now.

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Insight Software

OCTOBER 18, 2021

Instead of paying down debt, saving on interest expense, and preserving liquidity; its cash is committed to maintaining bloated levels of inventory. The “What” and “Why” of Demand Planning and Forecasting. The Four Elements of Demand Planning. Successful Demand Planning and Forecasting.

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Insight Software

AUGUST 25, 2021

Interest expense on an amortized loan, for example, will steadily increase over time as the principal portion of each payment declines. In a few cases, managers may be aware of expense categories that will sharply decline or go away altogether. Lease payments often remain steady over a period of years. Zero-Based Budgeting.

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Insight Software

MAY 8, 2024

Unsurprisingly, most organizations are increasing BI budgets, likely to help drive organizational agility. Top BI objectives were better decision making and efficiency/cost and revenue goals. Among other findings, the report identifies operations, executive management, and finance as the key drivers for business intelligence practices.

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Insight Software

JUNE 24, 2023

Investments are the costs of running a variety of programs or marketing campaigns. Overhead costs : This metric is used by non-profits to signal accountability to stakeholders and donors. Overhead expenses are considered the administrative and logistics costs that the non-profit incurs to keep the organization running.

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Insight Software

DECEMBER 11, 2023

Finance charges and interest expenses on loans and mortgages: Challenge : Accurately accounting for finance charges and interest expenses on loans and mortgages, critical for cash flow and profitability. Use the formulas for accurate calculations and recording of finance charges and interest expenses.

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Insight Software

JUNE 23, 2023

5 Things Not to do When Choosing a Financial Reporting Tool Download Now Budgeting ratio : This government KPI is the ratio of the public sector operating cost to its revenue. A rising ratio points to a potential expense mismanagement and must be immediately addressed. It signifies the credit quality of the government entity.

Government 52

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Insight Software

MARCH 4, 2024

Visions of cost savings and efficiency gains dance in their minds. The Hidden Price Tag of Inefficient SAP Data Processing While the upfront cost of SAP is well-documented, the true cost of inefficient data processing within the system often lurks in the shadows. But the damage doesn’t stop there.

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Insight Software

MARCH 20, 2024

This reliance on IT for reports can lead to delays and frustration, hindering your team’s ability to be agile and responsive. This lack of visibility can lead to missed opportunities for cost savings or uncovering financial risks. This inefficiency diverts your resources away from core analysis and strategic planning.

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Insight Software

APRIL 25, 2024

While it has been effective in improving corporate governance and transparency, the Sarbanes-Oxley Act has also led to increased compliance costs for companies. The Public Company Accounting Oversight Board (PCAOB) plays a crucial role in SOX compliance audits by overseeing and regulating the activities of audit firms.

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Insight Software

AUGUST 31, 2021

Zero-based budgeting (ZBB) is rapidly gaining in popularity, as businesses around the world seek new ways to operate more efficiently, grow their profits, and increase agility. The zero-based approach requires that budget owners justify every expense. Zero-based Budgeting Focuses on Needs. ZBB Encourages Innovation.

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Insight Software

JUNE 27, 2023

The Many Benefits of AI to Financial Planning AI is enabling finance professionals to make faster, accurate decisions. It’s particularly important to leverage AI’s potential to free up resources in a volatile market where finance teams need agility to drive resilience.

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Insight Software

JUNE 30, 2023

Cost-Plus When no market price is available to serve as a basis for pricing, organizations can use the cost-plus transfer pricing method to set a price by calculating the standard cost of delivering the relevant goods, and adding on top of that price a standard profit margin.

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Insight Software

JANUARY 30, 2024

This is where the humble Employee Stock Purchase Plan (ESPP) emerges as a game-changer. Knowing what you want to achieve with your plan will enable you to craft the best plan design. Strong employee participation is more likely when the plan’s design aligns with your corporate vision.

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Insight Software

FEBRUARY 2, 2023

KPIs, such as net profit margin or cost of goods sold, are measured on a monthly, quarterly, or yearly basis. Safety incidents lead to mounting costs, including increased insurance payments and settlements. Get a Demo See how companies are getting live data from their ERP into Excel, and closing their books 4 days faster every month.

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Insight Software

AUGUST 24, 2023

Overall, nearly two-thirds of senior executives stated their businesses have accelerated their plans to migrate to the cloud. This optimization leads to improved efficiency, reduced operational costs, and better resource utilization. Cost Optimization: The hybrid model allows finance teams to balance their expenses effectively.

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Insight Software

DECEMBER 8, 2023

Our recent Finance Team Trends Report indicates that last year, over 48% of finance teams experienced efficiency losses amidst global economic disruptions, emphasizing the critical need for adaptability and agility in 2024. With software like Angles and Wands, teams can run reports with SAP data in a breeze and in real-time.

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Insight Software

FEBRUARY 5, 2024

Improper load optimization: Often caused by inefficient planning and inadequate utilization of cargo space, leading to poor transportation efficiency such as half-full containers. Total dependence on fossil fuels. Unmask hidden inefficiencies: Analyze energy consumption patterns across operations to pinpoint costly carbon culprits.

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Insight Software

JULY 28, 2023

Cost: Sticking to the “build” track means dealing with increasing costs over time. Buy: 10 Hidden Costs of Building Analytics With UI Components Download Now Build or Buy at a Glance A key decision on the path to your next analytics solution is whether to build or buy. Make sure your data environment is good-to-go.

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Insight Software

APRIL 10, 2023

Finance teams are moving away from the traditional number crunching and towards deeper analysis and planning support. The skills gap is particularly acute in controllership, capital management, and financial planning and analysis, but all finance roles are struggling.

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Insight Software

FEBRUARY 8, 2023

This long-term relationship is known as broker “lock-in” and has the potential to cost you dearly in the long-run. If you experience poor service from your broker or market conditions demand you switch, a broker agnostic equity management platform will greatly reduce the cost and effort involved. Not cost burdens down the road.

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Insight Software

JULY 29, 2022

FSN’s research identifies that “transformation leaders,” – those finance leaders who say they have completely transformed their planning, budgeting and forecasting systems – outperform those that have not commenced their transformation journey by a considerable margin. Agility is Top of Mind. Scenario Planning.

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Insight Software

OCTOBER 4, 2023

Finance teams are under pressure to slash costs while playing a key role in data strategy, yet they are still bogged down by manual tasks, overreliance on IT, and low visibility on company data. This expansion of responsibilities is exacerbating the well-documented trend of finance team burnout, leading to undesirable turnover.

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Insight Software

FEBRUARY 1, 2024

Funding is scarce and Independent Software Vendors (ISVs) must ensure their offer is seen as an essential expense for financially constrained buyers, delivering quick value, quality, and innovation. Furthermore, the era of cheap money is over.

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Insight Software

NOVEMBER 16, 2022

action oriented strategic plans. action oriented strategic plans. Being able to navigate these effectively takes planning and foresight. It’s important to assess company performance in order to adjust your business plan accordingly. Is your current plan out of date? Action Oriented Strategic Plans.

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Insight Software

FEBRUARY 20, 2024

Angles for SAP and Proces Runner don’t just provide data, they deliver complete supply chain analysis transformation: Predicting demand with laser-sharp accuracy. Angles analyzes historical data and identifies emerging trends, enabling you to anticipate customer needs and optimize inventory levels.

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Insight Software

MAY 4, 2022

Enterprise Resource Planning (ERP) software plays a central role in the finance function. Dependency on Expensive Consultants or the IT Department. In most organizations, finance relies upon the IT department to do that, or they pay expensive outside consultants to get the job done. Challenge 1. ERP Complexity. Challenge 3.

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Insight Software

SEPTEMBER 1, 2023

via insightsoftware), you can plan your source ERP cloud migration in a practical manner, whether it is a lift-and-shift or a finance-first migration with eventual retirement of the source. There are some differences to consider, but can be a valuable option to save time, resources and cost. Are you ready to fully transform finance?

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Insight Software

MARCH 21, 2022

As leaders reevaluate the agility and resilience of their organizations, they need accurate, timely operational reports that provide real insight into the inner workings of their businesses. The top three reports cited by respondents as most difficult to generate were: Project Expense by Category. Weekly Forecasting. Revenue Trends.

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Insight Software

AUGUST 9, 2023

SAP develops some of the most powerful business applications in the world, but it often does so at the expense of simplicity. Similarly, SAPinsider’s recent survey found that nearly half of respondents who currently have no plans to move to SAP S/4HANA cite the complexity of using their existing implementation as the main reason.

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Insight Software

MARCH 22, 2023

Your tools and processes need to be agile enough to adequately address changes in the underlying business or environment. Integrate with Excel to retain tax agility while improving your day-to-day capabilities. Generate custom reports based on key metrics and strategic goals for your company.

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Insight Software

MAY 25, 2023

Despite some recent retirements in the team, there has been no need to seek new talent because technology has dramatically increased efficiency and cost effectiveness. I’ve been with the company for 17 years and it used to take us about 12 days to close the books. Now we can do it in six days.”

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