Insight Software

NOVEMBER 21, 2023

Continued global digitalization is creating huge quantities of data for modern organizations. To have any hope of generating value from growing data sets, enterprise organizations must turn to the latest technology. In the early days of data warehousing technology, data warehouses were built around a single database.

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Insight Software

APRIL 3, 2024

In the ever-evolving financial landscape, a digital revolution led by cloud-based applications is reshaping the industry. Cost Efficiency : Traditional consolidation processes often involve significant upfront investments in hardware, software, and IT infrastructure.

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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

FEBRUARY 23, 2024

An on-premise solution provides a high level of control and customization as it is hosted and managed within the organization’s physical infrastructure, but it can be expensive to set up and maintain. This includes cleaning, aggregating, enriching, and restructuring data to fit the desired format.

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Insight Software

MARCH 4, 2024

In the face of accelerating digital transformation, technology teams managing SAP systems face a complex data processing landscape. The cloud migration wave presents both opportunities and complexities, demanding seamless data movement between SAP and cloud-based applications. But the damage doesn’t stop there.

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Insight Software

SEPTEMBER 22, 2023

However, the complexity of Microsoft Dynamics data structures serves as a roadblock, making it difficult to use Power BI without a proper connection to your data. Dynamics ERP systems demand the creation of a data warehouse to ensure fast query response times and that data is in a suitable format for Power BI.

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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

NOVEMBER 7, 2023

Now, as we head into 2024, CFOs continue to seek balance and efficiency through digital transformation. Meanwhile, Robert Half recruitment data shows that nearly 90% of hiring managers are having a hard time finding skilled talent to join their finance teams.

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Insight Software

DECEMBER 22, 2020

Expense Ratio. Taken by dividing the total cost of expenses by the total amount of revenue, the expense ratio indicates how much it costs to earn a single dollar. Decision-makers need to know what the expense ratio is at all times and whether it’s rising or falling. Cost Per Quote.

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Insight Software

NOVEMBER 7, 2023

When extracting your financial and operational reporting data from a cloud ERP, your enterprise organization needs accurate, cost-efficient, user-friendly insights into that data. The answer depends on your specific business needs and the nature of the data you are working with.

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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

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.

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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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Insight Software

MAY 12, 2023

Are your customers’ data applications held back by basic, outdated dashboards and reports? As the digitization wave crashes over a post-pandemic market, many organizations are taking stock of their data tools and finding them lacking in comparison to other more modern solutions available. Well, they’re not alone.

Business Intelligence 52

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Insight Software

JUNE 21, 2021

Bodies from the Organization for Economic Co-operation and Development (OECD) to the International Monetary Fund (IMF) have pledged to modernize the global tax system, pointing out that the regimes currently in place are out of step with the digital era. The Digital Transformation of Tax Administration.

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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

FEBRUARY 15, 2022

Let’s examine some of these methods: Zero-based budgeting (ZBB) dictates that you should build budgets from the ground up, with relatively little attention paid to prior years’ revenue and expense numbers. In some respects, PBB is similar to ZBB insofar as it requires that expenses be justified. That inevitably takes time.

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Insight Software

JANUARY 29, 2024

Cloud-based ERPs reduce operating costs, can help automate processes, and provide finance teams with greater autonomy. Accessing legacy data is crucial for identifying trends over time, but doing so across two systems adds further complexity. However, hybrid systems can be challenging to maintain without the right tools.

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Insight Software

JULY 24, 2023

The underlying message is crystal clear: today’s ultimate vision revolves around migrating customers to the cloud. Additionally, many decision-makers perceive cloud solutions as more expensive. Most companies say that the added costs of the cloud are offset by other savings, such as eliminating hardware and data center expenses.

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Insight Software

NOVEMBER 28, 2023

As businesses navigate the ever-changing landscape of tax regulations, they face the ongoing challenge of increasing productivity while minimizing costs. In this digital era, the rising need for technical data skills has become indispensable for tax professionals looking to do more with less.

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Insight Software

MARCH 14, 2022

Creating each of these reports comes with some challenges, but the reports most often identified as being problematic to produce are product expense by category, weekly forecasting, and revenue trends. This may involve loading data into a data warehouse. Tools in Use for Operational Reporting.

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Insight Software

MARCH 25, 2024

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

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

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? I understand that I can withdraw my consent at any time.

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Insight Software

MAY 2, 2022

During this process, you notice that maintenance and repair expenses were especially high in June and July. Before you can determine a budget for next year’s maintenance and repair costs, you’ll need to investigate further. Double-click that number, and you’ll see all of the detailed transactions that comprise that expense line.

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Insight Software

AUGUST 27, 2021

That requires technical expertise, which can be expensive. Most customers will end up paying expensive outside consultants to provide these services. That, in turn, creates long-term costs for your business. It includes pre-built projects, cubes, and data models, as well as a suite of ready-to-run reports and dashboards.

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Insight Software

MARCH 24, 2024

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

JULY 13, 2023

Have A Single Version of the Truth Gathering and formatting data from multiple sources costs precious time and resources that can be better spent on value-add activities. The point-and-click data warehouse automation allows for BI customization that’s five times faster than manual coding.

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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.

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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. Attempting to connect data from different systems without deep knowledge of the Microsoft Dynamics data structures is slow and expensive, with a high risk of failure.

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Insight Software

JUNE 15, 2021

Unfortunately, at the time that so many tech startups were springing up in the early 2000s, accounting practices related to the expensing of equity-based compensation were not well standardized. Many emerging companies, in their zeal to appear as profitable as possible, chose not to recognize such expenses at the time they were incurred.

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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

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. I understand that I can withdraw my consent at any time.

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Insight Software

AUGUST 31, 2021

Although ZBB represents a significant change in the way finance teams create budgets, it has some distinct benefits, especially for organizations seeking greater agility and cost efficiencies. The zero-based approach requires that budget owners justify every expense. Zero-based Budgeting Focuses on Needs. ZBB Encourages Innovation.

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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 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

OCTOBER 4, 2021

To calculate this KPI, start with the cost of goods sold for a specified period (e.g. They cost your organization valuable time and money, and they are usually correlated with a negative customer experience. Supply Chain Costs as a Percentage of Sales. When you need something fast, it generally costs more.

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