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

MAY 23, 2024

Logi Symphony Powers Data and Analytics for Manufacturing Download Now 3. Less Maintenance, More Proactive Value According to our 2024 Embedded Analytics Report , organizations spend 30 hours or more per week addressing building customer-specific content, performance issues, and data inconsistencies. Ready to learn more?

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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. Download our Jet Solutions brochure to learn more. Once you have your shortlist of potential ERP solutions, you need to evaluate them based on your organization’s needs.

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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

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

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

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. Download Now. For most businesses, that meant gathering information rapidly and filing the necessary paperwork to substantiate expenses. Download Now. Tax Teams: Stepping into a Strategic Role.

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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

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

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

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

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

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

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. Eager for more transfer pricing tips?

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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

APRIL 25, 2024

Hubble Best Practices: Self Service Subledger Reconciliations Download Now Why Do We Need to Reconcile Accounts? 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.

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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

MARCH 21, 2022

The top three reports cited by respondents as most difficult to generate were: Project Expense by Category. Our reporting software helps finance teams automate recurring operational reports, streamline analysis and report distribution and presentation, and generate reports with real-time data from multiple enterprise business systems.

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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.

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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

MAY 12, 2023

Defining Containerization According to IBM , containerization is: “the packaging of software code with just the operating system (OS) libraries and dependencies required to run the code to create a single lightweight executable — called a container — that runs consistently on any infrastructure”.

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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

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. Are purpose-built to handle financial data.

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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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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. Download Now: Click here to access resource. Zero-Based Budgeting.

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Insight Software

NOVEMBER 8, 2021

When you are planning an ERP migration, sizing up the tools and technologies that will enable or inhibit the success of your data migration is an important step in the process. It can be a real wakeup call to discover just how much low quality and duplicated data was housed in your legacy system. Smarter Access to Legacy Data.

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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

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. This ensures you will always have access to near real-time data as soon as you need it. Spreadsheet Server enables you to: Leverage real-time data.

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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

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

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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Astera

APRIL 3, 2023

With the need for access to real-time insights and data sharing more critical than ever, organizations need to break down the silos to unlock the true value of the data. What is a Data Silo? A data silo is an isolated pocket of data that is only accessible to a certain department and not to the rest of the organization.

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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

JUNE 30, 2021

Gross Profit Margin = (Total Revenue – Cost of Goods Sold) / Total Revenue. This performance metric should be tracked in conjunction with gross margin and operating costs to ensure enough money is being generated from sales, and that operating costs aren’t eating too far into profitability. ROAS = Revenue / Advertising Costs.

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Insight Software

FEBRUARY 8, 2023

This long-term relationship is known as broker “lock-in” and has the potential to cost you dearly in the long-run. Being saddled with high financial penalty from the platform owner or get bogged down in time consuming data exports to a new system, including the costly implementation of new software. Not cost burdens down the road.

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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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