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Introductory Guide to Business Cash Flow Planning

Insight Software

You can’t plan for emergencies, geopolitics, or sudden problems that you have no control over. Business cash flow planning can get you out of a jam and save your company. Take a look at our ultimate guide to business cash flow planning highlighting: What is business cash flow planning? What is Business Cash Flow Planning?

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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. Reconciliation is also crucial for effective cash management.

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The Financial Close Process

Insight Software

Bank account information. Bank statements including loan and credit card statements. Income and expense account information. Expense receipts and supplier invoices. These include revenue and expense accounts. Cross-check invoices and bank statements for accuracy. Record the Month’s Expenses.

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

Insight Software

Enterprise resource planning (ERP) software automates many of these processes, making month-end closing procedures faster and easier than they were in years past. For example, it can be helpful to set parameters pertaining to employee reimbursements, wherein employees must submit expense reports by the last day of the month.

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4 Reasons Broker Flexibility is a Must For Equity Management

Insight Software

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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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. Every month, Donahue’s team pulls from various systems including banking and investment. They lean heavily on technology for their close process.

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Best 15+ Operational KPIs and Metrics for the Modern COO

Insight Software

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. This measure highlights the upcoming income and, in conjunction with accounts payable, allows the company to accurately plan for its cashflow (i.e., growth investments).