Insight Software

JUNE 25, 2023

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. How to Choose the Most Impactful Hospital KPIs?

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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

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.

IBM cost 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

JUNE 20, 2023

Technologists work diligently behind the scenes to ensure that business users have everything they need to help themselves to data insights at the moment. Data and analytics responsibilities may also be distributed across multiple teams. In many cases, this also lowers operational costs.

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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 25, 2024

This requirement includes establishing financial reporting standards, ensuring data security controls, monitoring attempted breaches, keeping track of electronic records for audits, and demonstrating compliance.

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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.

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Insight Software

DECEMBER 11, 2023

Finance charges and interest expenses on loans and mortgages: Challenge : Accurately accounting for finance charges and interest expenses on loans and mortgages, critical for cash flow and profitability. Use the formulas for accurate calculations and recording of finance charges and interest expenses.

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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. Use embedded analytics to monitor performance and detect trends without relying on IT. Manage new forms, dimensions, and users, without requiring technical expertise.

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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.

Supply Chain 52

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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

MARCH 20, 2024

With limited technical capabilities your team might struggle to slice and dice data, uncover hidden patterns, or perform deep dives into specific areas. This lack of visibility can lead to missed opportunities for cost savings or uncovering financial risks.

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Insight Software

AUGUST 24, 2023

This optimization leads to improved efficiency, reduced operational costs, and better resource utilization. Mitigated Risk and Data Control: Finance teams can retain sensitive financial data on-premises while leveraging the cloud for less sensitive functions.

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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. Unlock SAP Data Potential With the Right Tools insightsoftware offers a suite of SAP-focused tools to help your team bridge the skills gap and generate more value from SAP data.

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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

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. This expansion of responsibilities is exacerbating the well-documented trend of finance team burnout, leading to undesirable turnover.

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Insight Software

DECEMBER 8, 2023

Process Runner : Overcome your reliance on IT with a tool that makes SAP data management fast and easy. Process Runner GLSU provides the ideal blend of features for your SAP finance team while eliminating the need for lengthy internal development life cycles, budget overruns, and excessive support costs.

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Insight Software

SEPTEMBER 1, 2023

There are some differences to consider, but can be a valuable option to save time, resources and cost. Get a Demo SourceConnect enables faster, better, and more cost-effective SAP Central Finance implementations by enabling and streamlining third-party data integration. Are you ready to fully transform finance?

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Insight Software

JULY 13, 2023

This costs valuable time, making the month-end close process stretch from days to weeks. To complicate matters, 2023 Finance Team Trends Report reveals one quarter (24%) of finance teams find manual and time-consuming processes to be a key challenge.

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Insight Software

AUGUST 18, 2023

By streamlining complicated manual processes and making it easier for your staff to manage workloads, you’ll be able to keep costs down in the long run. For greater efficiency that will stretch your dollar further, consider finding a finance tech solution that fits with your organization’s unique needs.

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Insight Software

APRIL 8, 2024

However, the prevalence of disconnected data sources, often referred to as data silos, creates significant bottlenecks that hinder your team’s ability to operate efficiently and generate reliable financial information. EPM acts as a game-changer for your finance team, streamlining data management and reporting processes.

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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

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. Data Access What insights can we derive from our cloud ERP? What are the best practices for analyzing cloud ERP data? How can we respond in real time to the company’s analytic needs?

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Insight Software

APRIL 4, 2024

However, moving your data to Microsoft’s secure server means you have less direct control over your data. Because you must purchase sufficient hardware to meet your team’s data storage and processing needs, the initial cost of an on-prem D365 ERP deployment can be substantial.

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Insight Software

OCTOBER 11, 2023

Embedded analytics is a game-changer for software teams developing web-based applications. It seamlessly integrates data insights into existing workflows, boosting user engagement, and enabling real-time decision-making. These software teams understand that the usage of ABI ultimately drives better business outcomes.

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Insight Software

SEPTEMBER 1, 2023

For example, in an e-commerce application, predictive analytics can help anticipate spikes in traffic during specific events or seasons, allowing the team to scale server capacity accordingly. This prevents over-provisioning and under-provisioning of resources, resulting in cost savings and improved application performance.

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Insight Software

APRIL 25, 2024

By ensuring the accuracy of accounts payable balances and expenses recorded in the accounting records, vendor reconciliation contributes to the accuracy of overhead figures reported on the income statement. How do you reconcile an expense account? What is the difference between reconciliation and journalizing?

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Insight Software

APRIL 3, 2024

With the complexities of consolidation being both time-consuming and intricate, the decision to migrate to the cloud isn’t a matter of ‘if’ but ‘when’ Cloud solutions offer centralized data management, eliminating scattered spreadsheets and manual input, ensuring consistent and accurate data organization-wide.

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Insight Software

JULY 17, 2023

Raw data can be difficult to comprehend or interpret when numbers lack meaningful insights for business users. Embedded analytics offers users real-time, contextual analytics within their standard workflows to transform raw numbers into easily comprehensible and actionable business insights.

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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. Removing the need to migrate legacy data.

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Insight Software

MARCH 6, 2024

Nearly half of the respondents (47%) reported increased value, cost savings, and greater resiliency at their organizations as a result of operating in the cloud. When profitability goals demand greater efficiency, cloud computing can help you manage and deliver projects while cutting non-essential costs. But where do you start?

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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.

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Insight Software

AUGUST 9, 2023

Additionally: 86% said they wanted a faster, real-time close 68% said they want a cheaper close 64% said they want an error-free close Data management and upload is just one part of the month-end close process, but it’s also the easiest to overcome with automation. Enterprise-wide impact — Reduce support and ongoing development costs.

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Insight Software

OCTOBER 24, 2023

Financial data helps CSCOs understand the financial implications of their decisions, while operational data provides context and actionable insights into how the supply chain is functioning on a practical level. Cost savings: Improved efficiency, reduced errors, and streamlined processes can lead to significant savings.

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Insight Software

NOVEMBER 21, 2023

Since then, technology has improved in leaps and bounds and data management has become more complicated. As a response to emerging technology, data lakes took off along with the rise of big data. Data lakehouses leverage low-cost storage options underneath structured, more conventional databases.

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Insight Software

MARCH 24, 2024

Cost, operational capabilities, data security, and ongoing support are all factors to consider while choosing which cloud-based ERP is best for your business. These partners help you weed out ERPs that are a poor fit so that you don’t waste time on solutions that aren’t serious contenders.

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