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What is Data Mapping?

Insight Software

First, it reduces the potential for errors and inconsistencies in data movement and transformation. Second, it enables the smooth flow of data through different stages of ETL (Extract, Transform, Load) workflow. Third, it supports data-driven decision making by providing a holistic view and context for data analysis.

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What Is Embedded Analytics?

Insight Software

Embedded analytics are a set of capabilities that are tightly integrated into existing applications (like your CRM, ERP, financial systems, and/or information portals) that bring additional awareness, context, or analytic capability to support business decision-making. The Business Services group leads in the usage of analytics at 19.5

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5 Ways to Streamline Your Accounting Month-End Close Process

Insight Software

It begins with documenting that process step-by-step, establishing clear responsibilities. Whether it’s a statement balance from your largest vendor or a response from an internal department head regarding an expense accrual, waiting for answers can be one of the more frustrating aspects of your accounting month-end close procedures.

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Choosing the Right Software for ESEF Compliance and Beyond

Insight Software

Listed companies also have to create multiple documents for internal as well external disclosure that include both numbers and narrative. How easy is it to forget to change a comparative word in one or more documents (e.g., Line of Business/Central Service. increase” to ”decrease”) after a last-minute change to profit margin?

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Planning vs Forecasting: Four Key Differences

Insight Software

It should be realistic, and to that end, it should encompass a set of facts that support the achievement of the organization’s goals. In the case of a public company predicting quarterly profitability, for example, a forecast is a comprehensive document akin to a financial statement.

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Take Your Budgeting, Planning, and Forecasting to the Next Level With the Bizview EBS Interface

Insight Software

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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Preparing for the Great Tax Reset: Transparency and Flexibility Will Be Key

Insight Software

It writes : “The government wants to go further by extending modern services to more taxpayers and agents. In line with international best practice, these services will work closer to real time. It’s a vision outlined by the OECD’s Forum on Tax Administration (FTA) in a discussion document called Tax Administration 3.0: