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Why Data Driven Decision Making is Your Path To Business Success

Data Pine

As a direct result, less IT support is required to produce reports, trends, visualizations, and insights that facilitate the data decision making process. The cost of waiting to see what happens is well documented…. 8) Present the data in a meaningful way. 10) Continue to evolve your data driven business decisions.

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What Is Embedded Analytics?

Insight Software

Embedded analytics are a set of capabilities that are tightly integrated into existing applications (like your CRM, ERP, financial systems, and/or information portals) that bring additional awareness, context, or analytic capability to support business decision-making. The Business Services group leads in the usage of analytics at 19.5

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5 Ways to Streamline Your Accounting Month-End Close Process

Insight Software

It begins with documenting that process step-by-step, establishing clear responsibilities. 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.

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Best Tax KPIs and Metric Examples for 2021 Reporting

Insight Software

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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16 Supply Chain KPIs & Metrics for Reporting

Insight Software

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. Customer order cycle time = order delivery date – order receipt date.

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Budget Forecasting: What It Is and How To Do It

Insight Software

Forward-looking financial documents may include budgets, projections, forecasts, and pro forma financials. Budgets tend to be internal documents, intended for planning and assessment. Perhaps it is most useful to describe budget forecasting as a kind of hybrid document that combines elements of both budgets and forecasts.

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Ultimate Guide to ESG Reporting

Insight Software

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. They will also need to inform investors where the ESG risks are in their investment portfolios.