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

APRIL 18, 2024

Customers expect rapid value from your product (time-to-value), unwavering security of their data, and access to advanced analytics capabilities. While maintaining the core functionality of your offering is essential, neglecting these differentiating features can negatively impact customer retention. Infrastructure costs.

Embedded Analytics 52

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Insight Software

AUGUST 24, 2023

Although many companies run their own on-premises servers to maintain IT infrastructure, nearly half of organizations already store data on the public cloud. The Harvard Business Review study finds that 88% of organizations that already have a hybrid model in place see themselves maintaining the same strategy into the future.

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Insight Software

SEPTEMBER 30, 2021

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. Total margin = (total revenue – total costs) / total revenue.

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Insight Software

JULY 14, 2022

The overall goal of business cash flow planning is to be able to predict how much money your company will have at some point in the future, so you can cover expenses and debts like payroll, purchase orders, rent/lease payments, and utilities. And also operating expenses such as payroll. How to Select Budgeting Software. Download Now.

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Insight Software

JUNE 30, 2021

Gross Profit Margin = (Total Revenue – Cost of Goods Sold) / Total Revenue. This performance metric should be tracked in conjunction with gross margin and operating costs to ensure enough money is being generated from sales, and that operating costs aren’t eating too far into profitability. Create a company culture.

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Insight Software

JULY 28, 2023

There’s no way to globally manage security with components, which means you’ll have to implement and maintain security separately and consistently for every component you use. Developing and maintaining homegrown analytics diverts focus from their core application. Time-to-value is so critical to the success of the project.

Embedded Analytics 52

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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. Building and maintaining an advanced analytics solution takes time and significant manpower. Furthermore, the era of cheap money is over.

Embedded Analytics 52

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Insight Software

JUNE 24, 2021

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

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

FEBRUARY 5, 2024

Additionally, inefficient dashboards and analytics hinder visibility into resource consumption patterns, making it difficult to pinpoint energy-intensive processes and implement resource-efficient measures. Flawed calculations can underestimate or overestimate emissions, obscuring your true environmental impact.

Supply Chain 52

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Insight Software

NOVEMBER 8, 2021

When you are planning an ERP migration, sizing up the tools and technologies that will enable or inhibit the success of your data migration is an important step in the process. You’ll likely be like many organizations that realize this immediately after implementing the new ERP. Smarter Access to Legacy Data.

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Insight Software

DECEMBER 11, 2023

They need to be able to drill into journals, balances, sub-ledger accounting, and transactions to find and quickly fix reconciliation or data integrity issues, which can be maintained throughout. Your teams need near real-time views into property management data in MRI and Yardi, to enable faster financial and operational reporting.

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Insight Software

JUNE 16, 2021

Gross profit margin : This metric shows the revenue exceeding the cost of the business. A high gross profit margin is desirable.Gross profit margin is calculated using this formula: (Total Revenue – Cost of Goods Sold) / Total Revenue. Most preventative maintenance advocates recommend a target PMP of 85 percent or higher.

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Insight Software

NOVEMBER 15, 2021

KPIs for Tax Accountants – Tax Cost. Managing tax cost involves reducing the financial impact associated with taxes. While the income tax provision is a crucial part of the income statement, other taxes also have a significant impact on tax cost. How to Compare Reporting & BI Solutions. Download Now.

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Insight Software

DECEMBER 8, 2023

Sustaining growth amidst economic uncertainty demands immediate, clear insights from your SAP data to inform strategic decision-making. The aftershocks of pandemic disruption continue to put pressure on supply chains, increasing the need for robust oversight to maintain operational stability and customer satisfaction.

Finance 52

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Insight Software

NOVEMBER 7, 2023

With interest rates still rising, skills shortages still posing a challenge, and the specter of recession still haunting board rooms, CFOs are looking to technology to connect data, build agility, and drive profitability.

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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. For most businesses, that meant gathering information rapidly and filing the necessary paperwork to substantiate expenses. Tax Teams: Stepping into a Strategic Role. Download Now.

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Insight Software

FEBRUARY 20, 2024

As inflation and possible economic stagnation continue to be at the forefront of business leaders’ minds, implementing a digital transformation strategy is a growing way to combat those concerns. Angles analyzes historical data and identifies emerging trends, enabling you to anticipate customer needs and optimize inventory levels.

Supply Chain 52

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Insight Software

SEPTEMBER 28, 2021

The rationale for using LIFO is that the cost of goods sold will more accurately reflect the cost of replacing inventory on hand, especially where prices may be particularly volatile. GAAP dictates that you carry fixed assets at their original cost, net of accumulated depreciation. Development Costs.

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Insight Software

NOVEMBER 16, 2021

Pick and Pack Costs: This logistics key performance indicator measures all costs associated with picking and packing products. Studying this metric will give the logistics managers the opportunity to find the lowest cost and most efficient processes. Operating ratio = total operating expenses/total revenue. Download Now.

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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

MAY 25, 2023

We asked Jeff Donahue, Vice President and Controller at SBLI, how the Office of the CFO can leverage technology to improve financial reporting, “A lot of it comes down to data – getting that data organized and getting it as quickly as possible,” said Donahue. That takes a lot of weight off our Accounts Payable people.”

Finance 52

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Insight Software

MAY 8, 2024

The most popular BI initiatives were data security, data quality, and reporting. 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.

Business Intelligence 52

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Insight Software

APRIL 10, 2023

While many finance leaders plan to address the skills gap through hiring and employee training and development, a significant percentage of leaders are also looking to software implementation and automation to bridge the gap. Finance leaders report that staffing concerns are among the largest issues facing their teams.

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Insight Software

MARCH 18, 2022

However, many financial professionals feel that they spend too much time trying to find and connect data, rather than focusing on strategic insights. With its solid, self-service reporting, dashboards, and analytics, Bizview connects in near real-time to all your data sources. Powerful, Budgeting and Planning Solution in the Cloud.

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Insight Software

APRIL 26, 2022

For companies that operate multiple corporate entities, the most common approach is to create distinct companies within D365 F&SCM, each with its own set of books. Customizing Comes with High Costs. Complex Consolidations. Financial Reporting was never designed to be used as an analysis tool.

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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

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. Addressing these challenges often requires investing in data integration solutions or third-party data integration tools.

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Insight Software

JUNE 13, 2022

Cloud migration is a daunting prospect, especially considering the expense of installation, training and embedded new processes. When migrating to the cloud, there are a variety of different approaches you can take to maintain your data strategy. This is vital for maintaining security of sensitive financial and accounting data.

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Insight Software

NOVEMBER 2, 2021

Companies create supply chains to expedite production and reduce cost. This streamlining, maintaining, and improving the flow of goods requires a competent team to manage it. GMROI = Gross profit / average inventory cost. Freight cost per unit = total freight cost / number of items.

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Insight Software

SEPTEMBER 1, 2023

Introduction With the 2027 end-of-maintenance deadline of SAP ERP Central Component (ECC) approaching, SAP users must do something to stay compliant. There are some differences to consider, but can be a valuable option to save time, resources and cost. Survey results from SAPinsider show that the majority of SAP-run enterprises (a.k.a.

Finance 52

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Insight Software

AUGUST 18, 2023

Tasked with managing an organization’s financial status, strategy, and analyzing the business environment, professionals in the industry must maintain accuracy while struggling with outdated, manual processes, rapid digitization, and swiftly changing regulations. When a skilled employee walks out the door, the knowledge leaves with them.

Finance 52

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Insight Software

MARCH 4, 2024

Additionally, the growing appetite for real-time data insights necessitates breaking down data silos and achieving seamless integration with diverse sources. Technology teams often jump into SAP data systems expecting immediate, quantifiable ROI. Visions of cost savings and efficiency gains dance in their minds.

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Insight Software

JANUARY 20, 2022

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. As a result of such reminders, you can recognize these expenses in the proper accounting period, without the need for accruals or adjustments after the fact.

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Insight Software

FEBRUARY 4, 2022

These include share dilution, employee income reporting requirements, legal compliance, and properly accounting for expenses and liabilities in the company’s financial statements. Good, clean record-keeping becomes critically important to meet legal and tax obligations and to maintain positive relationships with investors.

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Insight Software

JUNE 27, 2023

Additionally, AI can be expensive to implement and using it to its full potential may require specialized training. Rather than invest significant time and money into upfront AI training, there is an option that will allow your FP&A team to realize the benefits of AI implementation out of the box: Bizview from insightsoftware.

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