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Top 5 Trends Impacting Finance Teams in 2024

Insight Software

2024 is set to be a fascinating year in the finance space with advancements that help organizations continue to do more with stretched resources and continued staffing shortages. And it can’t come a moment too soon–nearly three-quarters of finance decision-makers (70%) feel pressure from market factors like inflation and economic disruption.

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Building a Functional Ecosystem: Nine Ways to Boost Your Finance-Tax Synergy

Insight Software

To build a flourishing ecosystem that seamlessly connects your tax department to finance and wider company, you need to make sure all aspects of your process are functioning to the best of their ability. Combining EPM and tax reporting tools streamlines the reporting process, while maintaining autonomy. Streamlined Reporting Processes.

Finance 52
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2024 Predications for SAP Finance Teams

Insight Software

Next year, finance teams utilizing SAP will face unparalleled pressure due to a confluence of economic challenges. These adversities heighten the necessity for finance professionals to adeptly translate raw data into strategic guidance. The same report found that recently a new set of obstacles has emerged for finance teams.

Finance 52
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Top 5 Finance Challenges of 2023

Insight Software

There’s no doubt that Finance is one of the most critical and challenging sectors to work in. 2023 has been a unique year for Finance–although organizations celebrated recovery from the COVID-19 pandemic last year, their celebrations were short-lived. Counter-intuitively, reduced budgets often mean more work for finance teams.

Finance 52
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Overcome Finance Skills Shortages in the Construction Industry

Insight Software

The strain is especially palpable for finance professionals in the construction industry. Coping with Skills Shortages In 2023, the outlook for skills shortages for finance professionals is bleak. When it comes to hiring skilled finance teams, leaders are struggling to find new talent to replace recent retirees.

Finance 52
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How Technology Helps CFOs Make Lightning-Fast Finance Decisions

Insight Software

One of the main things we’ve done recently is implement OCR technology for scanning our invoices. There are accounts where 90% of the reconciliation process can be automated, meaning his team only needs to action 10% of the reconciliation, thus saving an enormous amount of time and enabling a leaner team to maintain capacity.

Finance 52
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The Case for Embedded Analytics: How to Invest and Implement

Insight Software

They want their applications to connect the dots between the raw data maintained within their software systems and the actual meaning behind that information. Virtually everyone, including those experienced number-crunchers, prefer a more meaningful presentation of the data and what it represents.