Insight Software

MAY 5, 2021

Strategic planning ranks high on a company’s list of priorities, and equally high on the list of challenges. Consider the eye-opening results of a recent survey : 94% of CFOs plan to change their risk strategy in the wake of the COVID-19 pandemic. With so many disruptive forces in play at once, strategic planning is critical.

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Insight Software

JULY 2, 2021

FSN’s most recent research, “Agility in Planning, Budgeting and Forecasting” , confirms and quantifies the compelling advantages of modernizing and digitizing the planning, budgeting, and forecasting process. Creating agile scenario plans and rolling forecasts is simply not feasible in spreadsheets.

Planning 59

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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

AUGUST 25, 2021

For example, if company leadership plans to roll out a new product, they may allow for a higher than normal increase in marketing expenditures. From there, ABB defines the necessary resources and activity levels required to support those objectives. Fortunately, technology is making planning and budgeting easier than ever before.

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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?

Finance 98

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Insight Software

JULY 28, 2023

Nowhere is this ability more important than in the retail and food & beverage sectors. Because retail and food service businesses are uniquely positioned within the market landscape, the need for a reliable budgeting and planning process is crucial.

Retail 52

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Insight Software

JUNE 25, 2021

Therefore, without understanding and evaluating KPIs, governments cannot fulfill their commitment to responsible spending and transparency, and the public cannot verify if the required services are being adequately performed. For the public sector, financial and service KPIs should have a higher weight than other metrics. Learn More.

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Insight Software

JULY 1, 2021

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. Improve Visibility to Information.

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Insight Software

JUNE 24, 2021

Tracking this metric will help the non-profit better grasp the affinities of its supporters. Some non-profit organizations prompt their audience to pledge their support to a certain cause before collecting donations. This metric measures the follow-through of the supporters of this type of campaign. Download Now.

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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

AUGUST 23, 2021

If you offer equity compensation to your employees, or if you plan to, then you will need a 409A valuation. Companies also have the option of outsourcing 409A valuation reports to an independent third party. In essence, the IRS has provided a framework for establishing market value. 409A Reporting Requirements.

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Insight Software

NOVEMBER 15, 2021

Excluding income tax, the other direct and indirect taxes such as property tax, sales tax, use tax, goods and services tax (GST), and finally, value-added tax (VAT), can be a large portion of the tax cost. If the technological enhancements entail the procurement of better data, then it can help support the organization’s tax positions.

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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

JUNE 17, 2021

This prompted the company to implement a software solution that would support the development of more effective processes, and allow a more proactive approach. Managing Data Integrity. Before rolling the new process out, the company needed to address data integrity, a normal stage in any new software implementation project.

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Insight Software

DECEMBER 23, 2021

Although the FSN study cannot pinpoint the exact percentage contribution that data errors make to the month-end mountain, any errors that are not trapped when and where they occur, lead to significant bunching of activities and delays at the corporate center every period-end.

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Insight Software

JUNE 30, 2021

Here are some of the ways in which our software can streamline your reporting process: Interface with other services. Our software solution can interface with your existing ERP and automatically collect relevant data. Every company dreads implementing new systems as it leads to downtime and overhead costs. Or hardly working?

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Insight Software

SEPTEMBER 28, 2021

The European Union (EU) was quick to adopt IFRS, and in the ensuing years, China, Japan, Canada, Korea, and India all announced plans to move closer to IFRS, and eventually to make a wholesale transition to the new standards. Plan Ahead for the Transition. Here are some tips for success. Success Tip 1.

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Insight Software

JULY 19, 2021

409A valuation is an independent appraisal of the fair market value performed by an outside party on behalf of unlisted or private companies and startups that offer stock options to key employees. The insightsoftware team offers a valuation service that calculates fair value for private companies. Contact us today for a free demo.

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Insight Software

SEPTEMBER 20, 2021

Real-Time Access to Your Most Important Data. Unfortunately, the standard out-of-the-box reports that come with most enterprise resource planning (ERP) systems are simply inadequate to the task of preparing a strong packet for your board of directors.

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Insight Software

NOVEMBER 2, 2021

This network consists of manufacturers, vendors, warehouses, transportation, distribution centers, and retailers. Because this SCM KPI helps measure the responsiveness of your supply chain and the quality of your customer service. Firms must aim to carry just enough inventory that is neither too much nor too little.

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Insight Software

DECEMBER 11, 2023

Unearned income from tenants: Challenge : Accurately accounting for unearned income from tenants, particularly in commercial and retail spaces with advanced rent payments or lease incentives. Solution : Utilize Spreadsheet Server to connect to MRI and Yardi data, creating custom Excel reports for detailed tracking.

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Insight Software

JUNE 2, 2021

As organizations have come to understand that their success rests largely on their ability to use the data at their disposal to gain actionable insights and that many of those insights come from finance-related data, the need for value-added financial planning and analysis from the Office of Finance has never been greater.

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Insight Software

NOVEMBER 16, 2021

Delivery services are essential in creating a positive experience for your customers. Even if you do an impeccable job managing inventory, warehouse, and transportation, you will lose customers due to dissatisfaction if your delivery process is subpar. Delivery Logistics KPI Examples. Delivery is the last step of the logistics process.

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Insight Software

FEBRUARY 2, 2022

A budget is a financial plan for a specific period of time, typically covering one complete fiscal year. Generally speaking, budgets represent an unfolding financial reality that a company’s managers hope will come to pass, or to put a more optimistic spin on it, the budget represents management’s plans and intentions.

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Insight Software

MAY 9, 2024

Data pipelines are designed to automate the flow of data, enabling efficient and reliable data movement for various purposes, such as data analytics, reporting, or integration with other systems. This can include tasks such as data ingestion, cleansing, filtering, aggregation, or standardization.

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Insight Software

FEBRUARY 23, 2024

Data mapping is a crucial step in data modeling and can help organizations achieve their business goals by enabling data integration, migration, transformation, and quality. It is a complex and challenging task that requires careful planning, analysis, and execution.

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Insight Software

DECEMBER 13, 2021

Certent Equity Management (EM) can help you overcome these obstacles by offering everything you need to manage, administer, account for, and report on equity compensation plans so you can streamline your equity management , tighten compliance, minimize risk, and improve your productivity. Certent EM administration services is that town car.

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Insight Software

MARCH 2, 2022

Similar to the process of financial reporting, companies or organizations produce ESG reports to provide a summary of both qualitative and quantitative disclosures that are supported by an analysis of their performance across the three sectors. EU Taxonomy Regulation.

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Insight Software

JANUARY 24, 2022

This can happen either unilaterally by individual countries via digital services tax (DST), or multilaterally via the proposals being developed by the Organisation for Economic Co-operation and Development (OECD). Read how to elevate tax to a strategic function. Tax is playing a critical role in these developments.

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Insight Software

NOVEMBER 8, 2021

Driver-based budgeting (DBB) is a planning and budgeting process that focuses on the key variables that most dramatically impact business performance and ties budget numbers to the physical resources necessary to achieve targets for each of those variables. Driver-Based Budgeting and Planning: A Guide for Finance Teams.

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Insight Software

DECEMBER 7, 2021

By brainstorming a list of questions in advance, you can begin to determine whether you should include data enrichment as part of your overall BI strategy. If the focus is on knowing your customer, for example, you may want to consider extending your corporate datasets with demographic details available from third-party sources.

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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

JUNE 15, 2021

The reporting exists to support the recognition of compensation expenses. The simpler “straight-line” method allocates the value of a grant evenly over the service period to which the grant applies. If a grant vests over three years, for example, then you would allocate one-third of the total cost in each year. Plan for Scale.

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Insight Software

SEPTEMBER 30, 2021

Like many other service providers, hospitals depend on their customers (patients) to run their business. A successful hospital runs efficiently, provides life saving services and plays a valuable role in driving public health measures. However, in order to thrive, they must also operate sustainably and mange costs.

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Insight Software

JULY 17, 2023

It aids banks in approving credit or detecting suspicious activity, e-mail providers in filtering spam, and retailers in predicting customers’ likelihood to churn out or purchase products. Predictive analytics has become much more prevalent over the past few years.

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Insight Software

FEBRUARY 14, 2022

Tax planning and reporting have risen to the top of the corporate agenda. The guide observed that: “Encouragingly, over half (54%) of employers plan to hire new [finance and accountancy] staff in the year ahead – actually higher than last year (50%). Tax Scenario Planning: Companies Need the Ability to be Agile and Insightful.

Finance 52

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Insight Software

NOVEMBER 23, 2021

That is because when Finance teams spend too much time trying to manage, analyze and understand their data, this takes critical time away from strategic planning. Synchronize data with your systems in near real-time so that your CFO doesn’t have to gather and normalize data from other business units. Powerful Tools.

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