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What is Account Reconciliation?

Insight Software

With regular bank account reconciliation, businesses can identify and rectify errors promptly, reducing the risk of financial misstatements and fraud. Bank reconciliation involves reconciling cash accounts using bank statement reconciliations.

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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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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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The 4 Common Challenges of Predictive Analytics Solutions

Insight Software

Predictive analytics has become much more prevalent over the past few years. It aids banks in approving credit or detecting suspicious activity, e-mail providers in filtering spam, and retailers in predicting customers’ likelihood to churn out or purchase products.

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2023’s Top Trends for Finance Teams in Europe, the Middle East, and Africa

Insight Software

Similarly, in a survey conducted by PwC , 75% of CFOs in the EMEA region stated that they were concerned about the lack of specialized skills in their finance teams, particularly in areas like data analytics and financial modeling. This is particularly worrying given the increasing layers of global finance regulation.

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FAQs: Preparing for the EU CSRD Directive and ESRS Standards

Insight Software

The CSRD and the ESRS will be implemented in 4 stages, the first of which will enter into force in 2025 and will apply to the financial year 2024. 1 January 1, 2025 Companies, banks, and insurance under NFRD have to report the first set of Sustainability Reporting standards for the financial year 2024. Reports due in 2025.

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CFO Panel: Generating Value in a Post-Pandemic Market

Insight Software

Now that there’s the realization out there that big banks are cutting people, the realization that all the big tech companies are cutting people, we see a new normal in place. JL: We are waiting to see how the broader economy reacts to having multiple quarters of interest rate hikes.