Insight Software

JULY 14, 2022

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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Insight Software

MAY 25, 2023

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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Insight Software

JUNE 16, 2021

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. Current accounts payable : Is your COO aware of how much money the company owes to its creditors (suppliers, banks, etc.)? Breaking Down the COO Role.

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Insight Software

NOVEMBER 29, 2023

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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Insight Software

JANUARY 20, 2022

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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Insight Software

AUGUST 17, 2021

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.

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Insight Software

FEBRUARY 8, 2023

Being saddled with high financial penalty from the platform owner or get bogged down in time consuming data exports to a new system, including the costly implementation of new software. Consider the cost of implementation, or in this case, the cost of re-implementing new software every time you want to switch to a new broker.

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Insight Software

JULY 17, 2023

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. But predictive analytics is a complex capability, and therefore implementing it is also complicated and comes with challenges.

Predictive Analytics 52

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Insight Software

JULY 28, 2023

The European Banking Authority (EBA) found that banks in the EMEA region were struggling to recruit finance experts with expertise in risk management, compliance, and financial reporting. This is particularly worrying given the increasing layers of global finance regulation.

Finance 52

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Insight Software

APRIL 13, 2023

Runaway inflation, rising interest rates, and recent bank failures have finance leaders on edge and looking for ways to shore up their defenses as recession becomes more likely. The last couple of years have been volatile for the finance industry.

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Insight Software

APRIL 25, 2024

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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Insight Software

JULY 11, 2022

Bank reconciliation. Real estate finance professionals need agile, intuitive technology to generate top reports, including: Cross Tab income statements. Rent Roles. Tenant status reports. Lease expiration reports.

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Insight Software

JUNE 5, 2023

To stay afloat during these turbulent times, it is important to maintain confidence in your data and effectively and efficiently respond to ongoing audits. A recent survey by Ernst & Young found that 87% of banking and capital markets respondents said they are changing their tax and finance operating models.

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Banking IBM Maintenance IBM Support Finance 52

Insight Software

JUNE 24, 2022

Companies that consistently close fast and clean only get that done by implementing the right tools and methods. Bank account information. Bank statements including loan and credit card statements. Cross-check invoices and bank statements for accuracy. Record all: Banking and financial fees. Download Now.

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Insight Software

JULY 29, 2021

In a study of how and where corporations are discussing ESG issues, along with the number of public documents (including filings and ESG reports) published, Deutsche Bank concluded that corporations’ ESG priorities have indeed changed in response to the pandemic.

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Insight Software

APRIL 5, 2021

Asset and liability financial models are primarily used by financial institutions (banks and insurance companies) and pension funds (corporate or public) to manage their financial objectives. Some of these will be able to help you with your CCA modeling. Asset and Liability Management (ALM).

IBM cost 98

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Insight Software

MARCH 4, 2024

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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Insight Software

AUGUST 26, 2021

This is particularly true in cases where owners or office managers routinely perform cash withdrawals from a local bank account, or maintain a stock of checks from which they can issue that much-needed vendor payment, usually to cover an “emergency” situation. This problem can occur with other cash account reconciliations as well.

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Insight Software

MARCH 29, 2022

Manually updating spreadsheets, such as for a bank covenant calculation, took me half a day or so to do. NetSuite had some reporting limitations that made automating bank covenant calculations difficult. Plus, by automating the process, your finance and accounting teams get more time to review and analyze the data. Spreadsheet Server?in

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Insight Software

SEPTEMBER 26, 2023

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.

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