Insight Software

FEBRUARY 2, 2022

Forward-looking financial documents may include budgets, projections, forecasts, and pro forma financials. In a recent post , we covered the fundamental distinctions between forecasts and projections. Whereas budgeting is about what management intends and hopes for, forecasting is about what management actually expects to happen.

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Insight Software

JANUARY 20, 2022

By sending these important reminders in advance, you can ensure greater accuracy in your month-end reports and limit the time spent managing exceptions at the end of each accounting period. If your organization bills clients for progress against long-term projects, you may need to make accruals to recognize revenue earned but not yet billed.

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Insight Software

DECEMBER 22, 2021

Workforce planning is ultimately about fulfilling the company’s strategic goals, addressing its needs at a tactical level, and increasing productivity. A short-term goal might be to onboard enough workers to increase production in the coming quarter, for example, so that the company can fulfill orders during a seasonal peak.

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Insight Software

DECEMBER 20, 2021

Departments request budget allocations, usually with some promised benefits attached, and managers must sort through those various proposals and ferret out the ones that most strongly support the company’s objectives. Bottom-Up vs. Top-Down? Instead of asking the question “Is this project (or that project) worthwhile?”,

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Insight Software

JUNE 20, 2023

Self-Service Analytics vs Self-Service Business Intelligence There is an ongoing debate around the relationship between analytics and BI. Self-Service Analytics vs Ad Hoc Analytics Self-service analytics  is often confused with ad hoc analytics. Still, others say the two are entirely separate, but it ultimately depends on who you ask.

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Insight Software

NOVEMBER 16, 2022

Tracking your performance and productivity is instrumental in identifying and improving your process. Metrics help give management the full picture of operations they need to make impactful decisions. #2. Metrics help give management the full picture of operations they need to make impactful decisions. #2. Product Sales.

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Insight Software

MAY 1, 2023

We hope this guide will transform how you build value for your products with embedded analytics. Combining insight and action makes users that much more productive. Now, Delta managers can get a full understanding of their data for compliance purposes. The result is a much better analytics experience. Consider Delta.

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Insight Software

MAY 9, 2024

Data pipelines support data science and business intelligence projects by providing data engineers with high-quality, consistent, and easily accessible data. Job schedulers help coordinate the pipeline’s different stages and manage dependencies between tasks. Alerts can be set up to notify operators of any issues that may arise.

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Insight Software

SEPTEMBER 1, 2023

Predictive analytics is becoming more common across all business applications, like CRM, supply chain and marketing automation. Data-driven decision-making leads to more effective product development and a better user experience. This can lead to compromises in terms of features and user experience.

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Insight Software

DECEMBER 30, 2021

Many people use terms like “planning,” “forecasting,” “budgeting,” and “financial projection” somewhat interchangeably. When it comes to a plan vs forecast in particular, the line can be blurry. Financial planning is about what management wants to make happen. Sales forecasts are one such example.

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Insight Software

MARCH 25, 2024

The Impact of AI on Business Intelligence In recent years, developers have turned to AI to provide a clear vision of the future. What customers look for are enterprise-specific AI models that are secure, trained on their data, and one that provides actionable insight vs. science projects that need continual refinement.

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Insight Software

NOVEMBER 7, 2023

As more companies move their data into the cloud, methods for storing and managing that data also adapt and grow. As your organization creates new departments, products, and services, you will see more and more data sources emerge. Add in the de facto requirement to combine all your reporting data and it presents quite a challenge.

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