Insight Software

NOVEMBER 7, 2023

For most of the year, finance teams have been preparing for a recession that never quite reached the heights (or depths) heralded by the media. And while no one is disappointed, constantly waiting for the other shoe to drop has had a notable impact on finance leaders’ approach to, well, everything.

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Insight Software

AUGUST 24, 2023

Reasons for Lingering On-Premises Many companies are willing to experiment with the cloud in other parts of their business, but they feel that they can’t put the quality, consistency, security, or availability of financial data in jeopardy. Thus, finance data remains on-premises.

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Insight Software

DECEMBER 11, 2023

Year-end close is a critical process for any business, but it can be especially challenging for accountants working in the real estate and property management sectors. Your finance and accounting teams need a stress-free and streamlined year-end close for your business. IRS Form 4562 and Schedule E).

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Insight Software

MARCH 23, 2024

These KPIs are grouped into five cross-sectional groups of finance, operations, services, citizens, and human resources. 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.

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Insight Software

JUNE 24, 2023

If the step above is meticulously applied, the non-profit will have cross-sectional metrics that include all departments, from Human Resources to Finance. These KPIs are grouped into five cross-sectional sets of finance, campaign, donor, growth, and people metrics. Therefore, a low overhead cost is more desirable.

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Insight Software

JUNE 25, 2023

However, in order to thrive, they must also operate sustainably and mange costs. Much like other for-profit businesses, hospitals must keep track of their finances, optimize their operational practices, and provide a healthy work environment for their people. How to Choose the Most Impactful Hospital KPIs?

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Insight Software

APRIL 18, 2024

Embedded Analytics Challenges – and How to Overcome Them Despite the benefits, it can still be difficult to get buy-in for BI and embedded analytics for your SaaS applications due to challenges like infrastructure costs, safety concerns, as well as uptime and scaling. Infrastructure costs. Here’s how. Security concerns.

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Insight Software

MARCH 20, 2024

In today’s dynamic business landscape, data is king. Your finance team is under pressure to make data-driven decisions that optimize financial health and fuel strategic growth. This lack of visibility can lead to missed opportunities for cost savings or uncovering financial risks.

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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

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. Why Should Supply Chain Management Measure KPIs? GMROI = Gross profit / average inventory cost.

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Insight Software

AUGUST 9, 2023

SAP develops some of the most powerful business applications in the world, but it often does so at the expense of simplicity. For users in finance and accounting, that kind of complexity generates some real-world disadvantages. Accelerate financial reporting with real-time data in excel.

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Insight Software

JUNE 27, 2023

You’ve probably heard about the disruptive effect of AI software on creative roles like graphic design and writing, but there’s been considerably less buzz about how potentially game-changing AI can be for finance roles. The Many Benefits of AI to Financial Planning AI is enabling finance professionals to make faster, accurate decisions.

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Insight Software

MAY 8, 2024

Among other findings, the report identifies operations, executive management, and finance as the key drivers for business intelligence practices. 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.

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Insight Software

APRIL 25, 2024

Finance is a complex field, and so are the laws that govern it. With multitudes of regulations surrounding everything from reporting to data security, organizations can quickly become overwhelmed. insightsoftware is here to help. Public Company Accounting Oversight Board (PCAOB) : The PCAOB oversees the audits of U.S.

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Insight Software

JUNE 23, 2023

These KPIs are grouped into five cross-sectional groups of finance, operations, services, citizens, and human resources. 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.

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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

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

APRIL 26, 2022

So, you’re working for a medium to large enterprise that uses Microsoft Dynamics 365 Finance & Supply Chain (D365 F&SCM) as its ERP system. But if your business is growing, you are probably looking to push beyond the out-of-the-box capabilities to develop your own custom analysis and meaningful data insights.

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Insight Software

JULY 13, 2023

Already harnessing the abilities of the cloud, Sage Intacct users enjoy multidimensional analysis capabilities for a bird’s eye view of operational and financial data. According to a recent study by insightsoftware and Hanover Research , 70% of finance professionals feel pressure from inflation, economic disruption, and recession.

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Insight Software

FEBRUARY 5, 2024

Powerful technology plays a key role in these efforts, as insight-enabled supply chain management allows early adopters to improve logistics costs by 15%, compared with slower-moving competitors. Unmask hidden inefficiencies: Analyze energy consumption patterns across operations to pinpoint costly carbon culprits.

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Insight Software

FEBRUARY 20, 2024

The objective is clear: eradicate manual processes and static reports, gain oversight of supply chain data and generate insights that drive more business value. Dealing with multiple siloed operational data sources is killing your operational team’s productivity. Identifying bottlenecks before they slow you down.

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Insight Software

JANUARY 30, 2024

When designing your ESPP, take your cash flow, tax deductions, share depletion, and expenses into consideration. While it’s vital to build your plan with your employees in mind, it’s equally important to develop it with your organization’s benefits in mind as well. You must be able to provide advantages on both sides.

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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. Furthermore, the era of cheap money is over.

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Insight Software

JULY 28, 2023

Cost: Sticking to the “build” track means dealing with increasing costs over time. Buy: 10 Hidden Costs of Building Analytics With UI Components Download Now Build or Buy at a Glance A key decision on the path to your next analytics solution is whether to build or buy.

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Insight Software

APRIL 8, 2024

In today’s data-driven business environment, the finance team plays a critical role in transforming raw data into actionable insights that inform strategic decision-making. This reliance on manual data movement also reduces overall efficiency and increases operational costs for your finance team.

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Insight Software

MAY 9, 2024

The key components of a data pipeline are typically: Data Sources : The origin of the data, such as a relational database , data warehouse, data lake , file, API, or other data store. This can include tasks such as data ingestion, cleansing, filtering, aggregation, or standardization.

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Insight Software

JUNE 20, 2023

In the late 1960s, when databases were just  getting their start , “only individuals with extremely specialized skills could translate data into usable information.” Stakeholders, most of them in finance at the time, had no choice but to send even the simplest analytical requests to IT and wait patiently for the numbers to come in.

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Insight Software

FEBRUARY 23, 2024

This field guide to data mapping will explore how data mapping connects volumes of data for enhanced decision-making. Why Data Mapping is Important Data mapping is a critical element of any data management initiative, such as data integration, data migration, data transformation, data warehousing, or automation.

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Insight Software

APRIL 4, 2024

If your business is currently using Microsoft Dynamics GP, Dynamics SL, Dynamics NAV, or Dynamics AX, the natural choice for your ERP upgrade will be Microsoft Dynamics 365 Business Central (D365 BC) or Dynamics 365 Finance & Supply Chain Management (D365 F&SCM).

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Insight Software

SEPTEMBER 19, 2023

But the constant noise around the topic – from cost benefit analyses to sales pitches to technical overviews – has led to information overload. Finance teams, like yours, are expected to offer meaningful input on cloud investments. Data Access What insights can we derive from our cloud ERP?

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Insight Software

SEPTEMBER 1, 2023

On top of managing the staggering cost of inflation, turbulence in the global market, and The Great Resignation, organizations are grappling with skills shortages. The strain is especially palpable for finance professionals in the construction industry.

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Insight Software

SEPTEMBER 15, 2023

But the constant noise around the topic – from cost benefit analyses to sales pitches to technical overviews – has led to information overload. On-prem ERPs typically have a high initial cost as you must purchase sufficient hardware to meet your team’s data storage and processing needs.

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Insight Software

MAY 1, 2023

Data visualizations are no longer driving revenue: Everyone from Google to Amazon now provides low-cost or no-cost visualization tools that drive down the perceived value of data visualizations. Users are coming to expect sophisticated analytics at little or no cost. cost reduction).

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Insight Software

APRIL 25, 2024

With the rise of financial reporting software , many finance professionals rely on automated reconciliation for this vital process. Your finance team will be able to establish effective, repeatable processes with custom templates, bulk journal entry updates, and automatic data validation from within Excel.

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Insight Software

JANUARY 24, 2024

Between soaring material costs and the impact of inflation, the construction industry has had to practice extra agility and resilience in recent years. Manually exporting data into static spreadsheets adds another roadblock–when reports are manually exported or input, information grows stale quickly. IT dependence is a major challenge.

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Insight Software

NOVEMBER 21, 2023

To have any hope of generating value from growing data sets, enterprise organizations must turn to the latest technology. You’ve heard of data warehouses, and probable data lakes, but now, the data lakehouse is emerging as the new corporate buzzword. To address this, the data lakehouse was born.

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Insight Software

AUGUST 9, 2023

In fact, a recent survey of 155 finance executives revealed that 55% of respondents want an automated financial close by 2025. Without the right tool, your finance team is likely spending hours validating data uploads, rekeying general ledger entries and processing large files. Unfortunately, this experience is not uncommon.

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