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Planning vs Forecasting: Four Key Differences

Insight Software

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. Let’s look at four key features that distinguish financial planning from forecasting: 1. Access Resource Now.

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Journey from Peoplesoft to ERP Cloud

Insight Software

If you are attracted to the advantages of Oracle ERP Cloud, but don’t have the resources to support a hard switch, then choosing a hybrid approach may hold many advantages. By unifying data access and enabling real-time synchronization, an automated reporting tool eliminates data silos and ensures consistency for accurate financial analysis.

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Top 5 Trends Impacting Finance Teams in 2024

Insight Software

According to Gartner, only 1% of finance functions have adopted or plan on investing in generative AI. Migration to Cloud: Consolidating Different Data Sets Download Now 4. Read our whitepaper on how self-service reporting eases the pain of skills shortages. But finance teams are slow to adopt this technology. Why is this?

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11 Financial Model Examples & Templates for 2021

Insight Software

Enterprises actively use financial modeling to guide their financial planning and strategic decision-making. Financial models offer data-driven, quantitative analysis that tells you where your company stands and where it’s heading. Financial modeling can be quite handy in a number of situations.

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Data Prep for AI: Get Your Oracle House in Order

Insight Software

By tackling these integration and transformation challenges, you’ll be feeding clean, standardized data into the AI engine, ensuring accurate and insightful financial analysis for informed decision-making.

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Four Benefits of Scenario Modeling in Excel

Insight Software

There’s another adage, often repeated by military leaders, that says “no plan of battle ever survives first contact with the enemy.”. questions, and building contingency plans to make their businesses more agile and responsive. Microsoft Excel is, of course, a very popular tool for that kind of analysis.

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Financial Forecasts vs. Projections: 3 Essential Differences

Insight Software

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. In this case, your analysis would be deemed a “forecast.”.