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SOX Compliance Guide

Insight Software

Internal Controls : Companies must establish and maintain internal control structures and procedures for financial reporting. SOX, in the context of IT, requires companies to implement controls that safeguard the accuracy of financial reporting. This prevents fraudulent activities and errors in financial reporting.

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Introductory Guide to Business Cash Flow Planning

Insight Software

At the beginning of the month, you record in your bank account that you have $175,000 cash on hand. But you may have to juggle things or try to get some of those orders done sooner so you can have enough money in the bank instead of a negative balance. Bank Reconciliation. Why is Business Cash Flow Planning Important?

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How Technology Helps CFOs Make Lightning-Fast Finance Decisions

Insight Software

We were delighted to be joined by our client, Savings Bank Life Insurance (SBLI), to discuss the evolution of The Office of the CFO and how technology can support better decision making. One of the main things we’ve done recently is implement OCR technology for scanning our invoices.

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

Insight Software

It evaluates vendors based on their completeness of vision and ability to execute. Users love our prebuilt integrations which cover many ERPs saving valuable time and effort during implementation. Each MQ has 15 weighted criteria that are used to plot vendors on the graph based on their relative strengths in the market.

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Best 15+ Operational KPIs and Metrics for the Modern COO

Insight Software

Analyzing and interpreting these data will allow the COO to accurately measure the effectiveness of procedures and direct the company to a more productive path. Traditionally, a COO has been anything from an experienced person who brings the vision of the CEO to life, to a partner whose skills complement that of the CEO’s.

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Step-by-Step Guide to Month-End Close + Free Checklist

Insight Software

Reconcile Bank Accounts. One of the first things to tackle is bank reconciliation, especially for the operating accounts and payroll accounts through which you process most of your transactions. Incoming bank transfers or wire transfers often show up in this process. A Better Way to Conduct Month End. Access Resource.

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Is Your Company Ready for Transition to the 2021 US GAAP Taxonomy?

Insight Software

Since the UGT is updated only once a year, these changes are housed in a “ Pending Annual Updates ” page and incorporated into a development taxonomy that FASB maintains between official releases. 33-10835; 34-89835, Update of Statistical Disclosures for Bank and Savings and Loan Registrants. Variable Interest Entities–Pledged Assets.