Insight Software

JANUARY 19, 2024

In particular, we are regularly asked to tell stories with data; the rest of this article focuses on how we can optimize our data storytelling. The problem is we fall flat when we present the data. I learned this lesson the hard way a few years ago when a presentation went completely sideways.

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Insight Software

DECEMBER 8, 2023

Sustaining growth amidst economic uncertainty demands immediate, clear insights from your SAP data to inform strategic decision-making. The aftershocks of pandemic disruption continue to put pressure on supply chains, increasing the need for robust oversight to maintain operational stability and customer satisfaction.

Finance 52

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Insight Software

SEPTEMBER 24, 2021

If the world was fairly predictable, financial planning would be a relatively straightforward process. For many businesses, the idea of financial forecasting or planning based on last year’s numbers seems far less advisable than it was in the past. Today, financial planning and budgeting are more important than ever.

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Insight Software

NOVEMBER 8, 2021

One of the biggest challenges you’ll face when you migrate your data to a new enterprise resource planning (ERP) system is making sure it matches your old system. Successfully migrating your data from one ERP to the next is an essential, but often dreaded, step you must overcome to reap the benefits of a more modern ERP.

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Insight Software

APRIL 10, 2023

Finance teams are moving away from the traditional number crunching and towards deeper analysis and planning support. The skills gap is particularly acute in controllership, capital management, and financial planning and analysis, but all finance roles are struggling.

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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. Prior to a board meeting, it’s common for each committee or department within an organization to compile a board report detailing their progress to be presented to the executive.

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Insight Software

FEBRUARY 4, 2022

In a nutshell, equity compensation is defined as non-cash remuneration that takes the form of stock options, restricted shares, employee stock purchase plans, and other vehicles that provide employees with an equity stake in the company. Managing Equity Compensation Plans. Different Forms of Equity Compensation.

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Insight Software

MAY 1, 2023

SAID ANOTHER WAY… Business intelligence is a map that you utilize to plan your route before a long road trip. By Industry Businesses from many industries use embedded analytics to make sense of their data. The program offers valuable data analysis-based services such as benchmarking and personalized fitness plans.

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Insight Software

SEPTEMBER 27, 2023

As the volume of data captured increases, so does the challenge of accessing data and presenting it in a way that business leaders can easily understand and interact with. As such, a combined solution that offers different ways to interact with the same data might be the best fit for your business.

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Insight Software

MARCH 21, 2022

Departments across the enterprise from Marketing to Maintenance require operational reports on a recurring basis. Finance teams use this tool by copy/pasting data from their source systems manually into the spreadsheet and manipulating it from there for analysis and presentation. Here’s just some of what we discovered.

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Insight Software

DECEMBER 23, 2021

Clearly, if data errors are left unchecked, it can have serious consequences. Interfaces between operational systems (usually the general ledger) and the group reporting pack are frequently unautomated and depend on crude mapping tables, also maintained in spreadsheets, to marshal source data to its proper destination.

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Insight Software

OCTOBER 30, 2023

However, leveraging these insights can be challenging if your reports and data don’t speak to each other. Disconnected enterprise performance management (EPM) operational reporting can present significant limitations and challenges for your business.

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Insight Software

JUNE 13, 2022

Cloud enterprise resource planning (ERP) software is ideal for a variety of applications, including managing multiple departments and CRM integration. When making the move, pre-planning is vital. Questions to consider are: How much data do you need to import? What to Expect When Migrating. Different Approaches to Migration.

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Insight Software

AUGUST 9, 2023

This capability is essential for maintaining an audit trail, complying with regulatory requirements, and facilitating internal and external reviews. Narrative Reporting Capabilities Disclosure management tools often allow for narrative reporting, where you can add textual explanations and context to the financial data presented.

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Insight Software

APRIL 26, 2022

They have a natural affinity for quantitative information, as well as a knack for drawing meaningful conclusions when presented with a collection of numerical figures. Even so, finance team members probably understand and retain information more readily when it’s presented in narrative form. Optimal Visualization.

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Insight Software

JUNE 5, 2023

A recent survey by Ernst & Young sees compliance as a “do more with less” situation, with 95% of companies reallocating a portion of their tax and finance budget away from routine activities like tax compliance to strategic activities like tax policy, planning, and controversy. The Role of Technology in Adopting BEPS 2.0

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Insight Software

MARCH 14, 2022

Thirty percent of respondents use the out-of-the-box tools available with their enterprise resource planning (ERP) tool. Finance data has inherent dimensionality and typically has to be flattened into two dimensions for consumption by standard business intelligence tools. This may involve loading data into a data warehouse.

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Insight Software

FEBRUARY 28, 2022

Operational reporting, sometimes referred to as business reporting, involves pulling data from enterprise resource planning (ERP) solutions and other internal business systems to illuminate the day-to-day operations of an organization. More importantly, what would it take to turn that dissatisfaction into satisfaction?

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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.

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Insight Software

SEPTEMBER 20, 2021

Nothing is more embarrassing than presenting a packet of information, being questioned about the details it contains, and then realizing that errors were missed somewhere along the way. Real-Time Access to Your Most Important Data. Assembling all that information in just the right format can be a challenging and tedious task.

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Insight Software

AUGUST 9, 2023

Similarly, SAPinsider’s recent survey found that nearly half of respondents who currently have no plans to move to SAP S/4HANA cite the complexity of using their existing implementation as the main reason. Let your users dive deep into the data within a tool they already know and love.

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Insight Software

MAY 9, 2024

The key components of a data pipeline are typically: Data Sources : The origin of the data, such as a relational database , data warehouse, data lake , file, API, or other data store. For example, pulling weather data from an API and loading it into a data warehouse for trend analysis.

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Insight Software

MARCH 22, 2023

By leveraging technology that automates tax data collection and processing, your team can produce more accurate reports, reduce risk, and free up time to focus on more strategic initiatives. Your tools and processes need to be agile enough to adequately address changes in the underlying business or environment.

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Insight Software

MAY 24, 2023

Organizations must understand how to extract complex data on a regular cadence and present the reporting to end users to manipulate through an interactive BI tool. Our rich visualizations, including tabular and pivot reporting, are ideal for presenting financial and operational reporting data. Reporting is inflexible.

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Insight Software

JULY 19, 2021

Highly liquid assets and liabilities have an easily determinable value, whereas low-liquidity assets present more of a challenge. Although it’s relatively easy to determine the fair market value for level 1 and level 2 assets, level 3 presents something of a challenge.

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Insight Software

JULY 24, 2023

Organizations must understand how to extract complex data on a regular cadence and present the reporting to end users to manipulate through an interactive BI tool. Our rich visualizations, including tabular and pivot reporting, are ideal for presenting operational reporting data. Reporting is inflexible.

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Insight Software

SEPTEMBER 7, 2023

A crucial part of CFOs’ jobs is presenting data to others. When summarizing or presenting numeric figures, that is especially true. Instead of poring over reams of columnar data, users can intuitively grasp what is happening in the business with just a glance. Use visualizations.

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Insight Software

DECEMBER 13, 2023

Highlighting Key Takeaways Financial storytelling is not just about presenting data; it’s about enabling critical thinking. Instead of drowning in spreadsheets, these visuals provide a concise, top-level narrative that facilitates easy understanding.

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Insight Software

SEPTEMBER 22, 2021

Projection In a Nutshell : Projections outline financial outcomes based on what might possibly happen, whereas forecasts describe financial outcomes based on what you expect actually will happen, given current conditions, plans, and intentions. This time, the analysis is based on actual plans and conditions as they are known today.

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Insight Software

MAY 10, 2021

Financial reporting, operational reporting, financial planning and analysis—there’s no shortage of work for finance teams to do as organizations continue to adjust to the new economic realities that the pandemic thrust upon the world stage in 2020. Improving tax planning processes. They are allocating budget to the task, however.

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Insight Software

AUGUST 1, 2023

The Essential Guide to Building Analytic Applications : Embedding dashboards, reports, and analytics in your application presents some unique opportunities…and challenges. Based on insights derived from industry professionals, this white paper uses first-hand experiences to help inform your analytics strategy.

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Insight Software

JULY 17, 2023

Therefore, this method is typically not used when there are few data samples. You can also impute the missing data. This can be based solely on information in the column that has missing values, or it can be based on other columns present in the dataset. Let’s look at these three strategies in depth: 1.

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Insight Software

AUGUST 12, 2022

Overall, finance leaders are looking to increase the size of their teams over the next two years, with 80 percent of North American teams and 64 percent of EMEA teams planning on growth. Rethink Budgeting, Planning and Forecasting: The Struggles and Successes of Modern Finance Teams. 4) Inability to Access Required Data.

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Insight Software

MAY 20, 2022

Business leaders hear about the data analysis that other companies in their industry are doing, and they want to know how they too can reap the benefits. Team members sit in on Zoom meetings and wonder how they can shine amongst the group by presenting key trends that drive better strategies. Step #1: Data collection.

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Insight Software

NOVEMBER 3, 2022

When summarizing or presenting numeric figures, that is especially true. Instead of poring over reams of columnar data, users can intuitively grasp what is happening in the business with just a glance. Setting the stage provides a common starting point for understanding the rest of the financial story. Use visualizations.

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Insight Software

AUGUST 31, 2022

Prior to 2015, a number of MNEs pursued tax planning strategies that effectively transferred profits from higher-tax jurisdictions to lower-tax countries, thereby eroding the tax-bases of the higher-tax jurisdictions. Some large, well-known multinationals have made the headlines as a result. BEPS constitutes a change, to be sure.

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Insight Software

AUGUST 23, 2021

If you offer equity compensation to your employees, or if you plan to, then you will need a 409A valuation. The income approach applies a discounted cash flow or analysis to estimate the net present value of cash flows that a company is expected to generate in the future. Companies may choose from multiple valuation methods.

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