Insight Software

APRIL 25, 2024

Importance of Reconciliation in Accounting Account reconciliation plays a crucial role in ensuring the accuracy, integrity, compliance, and transparency of financial information – factors which are essential for effective financial management, decision-making, and stakeholder confidence in the organization.

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Insight Software

NOVEMBER 7, 2023

The answer depends on your specific business needs and the nature of the data you are working with. Both methods have advantages and disadvantages: Replication involves periodically copying data from a source system to a data warehouse or reporting database. This typically occurs on a schedule, such as hourly or daily.

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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

APRIL 15, 2024

Manual processes are time-consuming, labor-intensive, and prone to human error, making it difficult for finance teams to meet tight reporting deadlines and maintain data accuracy. Refresh your data at any time to automatically update your report narrative as your numbers fluctuate to reduce the risk of manual errors.

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Insight Software

SEPTEMBER 1, 2023

Using the information from predictive analytics can help companies—and business applications—suggest actions that can affect positive operational changes. Data-Driven Decision Making: Embedded predictive analytics empowers the development team to make informed decisions based on data insights.

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Insight Software

MARCH 24, 2024

Integrating this data with tax reporting tools ensures that both teams are working with the same financial information, reducing discrepancies and errors. Real-time Data Updates. EPM tools typically offer real-time or near-real-time data updates, allowing finance and tax teams to access the latest financial information.

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Astera

OCTOBER 10, 2023

Data Governance: Data mapping tools provide features for data governance, including version control and data quality monitoring. These features help businesses maintain data integrity, track data changes, and ensure compliance with data governance policies and regulations. A mapping editor.

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Astera

AUGUST 8, 2023

While data volume is increasing at an unprecedented rate today, more data doesnt always translate into better insights. What matters is how accurate, complete and reliable that data. Pre-built Transformations: It offers pre-built transformations like join, union, merge, data quality rules, etc.,

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Astera

MARCH 13, 2023

Modern organizations must process information from numerous data sources , including applications, databases , and data warehouses , to gain trusted insights and build a sustainable competitive advantage. Astera offers native connectivity to a wide range of data sources and destinations.

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Insight Software

MARCH 4, 2024

Disparate workflows create silos of information. Data inconsistencies become commonplace, hindering visibility and inhibiting a holistic understanding of business operations. Data governance and compliance become a constant juggling act. Say goodbye to complex ABAP coding and lengthy SAP implementations. Don’t believe us?

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Insight Software

JANUARY 19, 2024

Scalability : Think of growing data volume and performance here. As data grew in 2023, embedded analytics solutions scaled seamlessly to maintain performance, ensuring that analytical processes remain responsive and timely. More Intuitive Advanced Functionality : We’re talking user-friendly here.

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Insight Software

SEPTEMBER 22, 2023

Business intelligence is a key tool, empowering companies to get the most out of their data by providing tools to analyze information, streamline operations, track performance, and inform decision-making. Jet Analytics from insightsoftware helps bridge the gap between reporting and data visualization.

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Insight Software

NOVEMBER 30, 2023

It is a general best practice to make your applications accessible to ensure that everyone, including those with disabilities, has the same access to information as everyone else. Still, it is instrumental in Embedded Analytics and Business Intelligence since the aim of these tools is to provide access to information.

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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.

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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. But with so much information to sift through, it’s hard to know where to start. Data Access What insights can we derive from our cloud ERP?

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Insight Software

OCTOBER 4, 2021

Briefly stated, the perfect order rate represents the percentage of orders that are delivered in full, on time, without incident, and with documentation that is accurate and complete. Historically, managers have shown a strong preference for maintaining minimal inventory levels. Inventory Days of Supply. Inventory Turnover.

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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. Furthermore, basing your budgets and forecasts on inaccurate or incongruent data from silos can have a detrimental impact on decision-making.

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Insight Software

MAY 9, 2022

Disclosure management involves everything required to organize and maintain the financial disclosure process internally within your organization. They lack the narrative element, are not designed with XBRL tagging capabilities, and are poorly suited to organizing information in ways that meet regulatory requirements.

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Insight Software

SEPTEMBER 1, 2023

To maintain project timelines and customer relationships, while managing a lack of technical skills, construction businesses need a way to generate quick and accurate reports. With Spreadsheet Server, you can combine and retrieve information from any ERP module into Excel. Spreadsheet Server enables you to: Leverage real-time data.

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Insight Software

MARCH 14, 2024

This straightforward and user-friendly access to source data makes it easier for your business users to examine and extract insights from your core data systems. Data Lineage and Documentation Jet Analytics simplifies the process of documenting data assets and tracking data lineage in Fabric.

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Insight Software

JANUARY 11, 2024

The number of teams involved, the complexity of regulatory requirements and the vast amounts of financial data involved, make this a formidable project. Maintaining consistency across diverse reports and periods can be challenging, requiring unwavering attention to detail.

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Insight Software

NOVEMBER 28, 2023

Gone are the days of manual data entry, tax calculations, and document management, leading to significant time savings and a reduced margin for error. Cloud-based software—which is quickly becoming the new standard—can be implemented affordably. You’ll be able to focus on getting the job done.

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Insight Software

SEPTEMBER 1, 2023

Manual financial reporting means you have to go back and edit every downstream document. Siloed Narratives: Users have multiple systems of record for narrative content, so the data must be manually distributed and is not synchronized across platforms and documents associated with the year-end reporting cycle.

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Insight Software

AUGUST 25, 2022

From storing HR records to billing account information to product inventory and pricing data, it’s incredibly convenient to have all your business data housed in one place, rather than spread across multiple systems that may or may not be compatible with one another. Better Collaboration. The reasons for the uptick are clear.

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Insight Software

AUGUST 9, 2023

Data is extracted directly from the financial system, reducing the risk of errors that might occur when manually transferring information between systems. This capability is essential for maintaining an audit trail, complying with regulatory requirements, and facilitating internal and external reviews.

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Insight Software

MAY 20, 2022

Auditors and regulators require extensive documentation, and if they find that transfer pricing has been done incorrectly or inappropriately, they may be required to restate financial results. Getting it wrong can be costly. Fees or penalties could be applied as well. Challenges of Operational Transfer Pricing.

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Insight Software

NOVEMBER 16, 2022

A board report is a document presented to the governing body of a company to help keep the board members up-to-speed on what’s going on within the corporation. A board report is one that combines and summarizes all the committee reports, as well as the report of the executive director, into one document. What Is a Board Report?

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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. Variable Interest Entities–Pledged Assets. Helpful Hint for Certent CDM Customers. Helpful Hint for Certent CDM Customers.

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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. The source data in this scenario represents a snapshot of the information in your ERP system.

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Insight Software

JUNE 9, 2022

Seamless Integration with Cloud Data Warehouse Targets. Expect simplified access to high-quality, extensible views of ERP data for reporting and analytics in a cloud-native destination. This enables you to generate cloud provisioned views of data from on-premises or cloud sources, or a combination of both. Version 22.1

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Astera

DECEMBER 28, 2023

The already complex pricing structure lacks transparency and their website does not offer full pricing information. Its implementation requires significant investments in hardware and infrastructure, making the overall total cost of ownership (TCO) much higher—even in the long run.

IBM cost 52

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Astera

DECEMBER 28, 2023

The already complex pricing structure lacks transparency and their website does not offer full pricing information. Its implementation requires significant investments in hardware and infrastructure, making the overall total cost of ownership (TCO) much higher—even in the long run.

IBM cost 52

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Insight Software

FEBRUARY 20, 2024

So much so that some companies limit their reporting to strictly what’s legally required instead of producing the necessary custom reports to inform their strategic decision-making. The Frustration of Manual Lookups and Data Imports Most ERP solutions were built to collect data, not to report on it.

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Insight Software

SEPTEMBER 22, 2022

It’s a slow walk to the finish line in which numbers are moved from one system to another and from one document to another, and every change requires another round of copying and pasting. The problem in most companies is that information doesn’t flow automatically from each of those systems or documents to the next.

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Insight Software

FEBRUARY 9, 2022

This prevents long planning cycles, multiple local copies of planning documents, and decreased data accuracy, which can lead to increased costs and potentially missing revenue targets. Few planning vendors have the Oracle E-Business Suite knowledge and expertise required to enable a fast, successful implementation.

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Insight Software

JULY 1, 2021

It begins with documenting that process step-by-step, establishing clear responsibilities. Improve Visibility to Information. Nothing slows down the month-end closing process like having to wait for information. There is another benefit to improved visibility of information. Automate as Much as Possible.

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Insight Software

FEBRUARY 14, 2022

While investment in tax and transfer software has tended to lag that in core finance systems, adoption is maturing and pressure from the office of the CFO to implement digital tools is beginning to grow. We must now work swiftly and diligently to ensure the effective implementation of this major reform.”

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