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Top 5 Trends Impacting Finance Teams in 2024

Insight Software

The same study reveals the top reasons why finance leaders haven’t implemented generative AI yet, which include: Lack of technical skills and capabilities Low-quality data Insufficient use cases Despite the technology being in its relative infancy, early adopters of generative AI in finance are already seeing several benefits. Why is this?

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Journey from Peoplesoft to ERP Cloud

Insight Software

But with two data streams hybrid instances can be challenging to manage and maintain without the right tools. But with two data streams hybrid instances can be challenging to manage and maintain without the right tools. Streamlines data governance, enhancing data accuracy and allowing efficient management of data lifecycle tasks.

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Data Prep for AI: Get Your Oracle House in Order

Insight Software

Merging these datasets requires not just combining the data, but also complex transformations to ensure corresponding fields like customer and product information align seamlessly. For example, the AI might require customer data to be structured in a specific hierarchy (including region, branch, and individual customer) for optimal analysis.

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3 Ways to Replace Distrust of Your SAP Data With Confidence

Insight Software

Research has pinpointed three key pain points that companies encounter with their SAP data: a prevailing sense of data distrust, a lack of maintenance and data cleansing, and a shortage of skilled users. This proactive approach mitigates concerns regarding data reliability and fosters trust in the information.

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Four Benefits of Scenario Modeling in Excel

Insight Software

The two categories of customers may have very different expectations with respect to service levels, which, in turn, can determine the need for additional consulting and implementation staff to serve them. When they do so, managers are much better equipped to make fully informed decisions. Consider a typical financial analysis process.

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Your Path to a Stress-Free, Successful Year-End Close in Real Estate and Property Management?

Insight Software

Validating external information against the general ledger is just the beginning. They need to be able to drill into journals, balances, sub-ledger accounting, and transactions to find and quickly fix reconciliation or data integrity issues, which can be maintained throughout.

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Planning vs Forecasting: Four Key Differences

Insight Software

Indeed, they also serve an important managerial function — helping to inform business leaders as to the likelihood that the company will meet its objectives. If your organization wants to improve its capabilities in financial analysis, learn how insightsoftware can help you exercise control over your financial planning and forecasting today.