Insight Software

MARCH 25, 2024

However, in order to thrive, they must also operate sustainably and mange costs. Without a strong financial monitoring system, a hospital cannot plan for the long term and risks having to make abrupt decisions at the expense of customer satisfaction. How to Choose the Most Impactful Hospital KPIs?

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Insight Software

MARCH 6, 2024

Nearly half of the respondents (47%) reported increased value, cost savings, and greater resiliency at their organizations as a result of operating in the cloud. When profitability goals demand greater efficiency, cloud computing can help you manage and deliver projects while cutting non-essential costs. But where do you start?

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Insight Software

JANUARY 24, 2024

With multiple contributors working on your annual report, it can be challenging to effectively track workflows and maintain version control. Prioritize quality control and internal review – Implement a robust internal review process before final report submission. Check and recheck your XBRL tags to ensure accurate tagging.

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BizAcuity

APRIL 14, 2022

The truth is that with a clear vision, SMEs too can benefit a great deal from big data. Otherwise, it will result in poor data quality and as previously mentioned, cost over 3 trillion dollars for an entire nation. Plus, it is very cost effective compared to on-premise. Customer Experience. Poor data quality.

Big Data 130

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Astera

APRIL 3, 2023

In this blog post, we will discuss the importance of data sharing, what causes data silos, the costs associated with them, and the best practices businesses can implement to overcome them. Organizations end up spending more money on data storage, maintenance, and administration and less on innovation and growth.

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Insight Software

MARCH 23, 2024

5 Things Not to do When Choosing a Financial Reporting Tool Download Now Budgeting ratio : This government KPI is the ratio of the public sector operating cost to its revenue. A rising ratio points to a potential expense mismanagement and must be immediately addressed. It signifies the credit quality of the government entity.

Government 52

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Insight Software

OCTOBER 4, 2021

Historically, managers have shown a strong preference for maintaining minimal inventory levels. As noted, there may be some legitimate business reasons for maintaining higher levels of inventory, especially if further supply chain disruption is to be expected. Supply Chain Costs as a Percentage of Sales. Inventory Turnover.

Supply Chain 96

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Insight Software

AUGUST 24, 2023

Although many companies run their own on-premises servers to maintain IT infrastructure, nearly half of organizations already store data on the public cloud. The Harvard Business Review study finds that 88% of organizations that already have a hybrid model in place see themselves maintaining the same strategy into the future.

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Insight Software

JULY 28, 2023

There’s no way to globally manage security with components, which means you’ll have to implement and maintain security separately and consistently for every component you use. Developing and maintaining homegrown analytics diverts focus from their core application. Time-to-value is so critical to the success of the project.

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Insight Software

FEBRUARY 1, 2024

Funding is scarce and Independent Software Vendors (ISVs) must ensure their offer is seen as an essential expense for financially constrained buyers, delivering quick value, quality, and innovation. Building and maintaining an advanced analytics solution takes time and significant manpower. Furthermore, the era of cheap money is over.

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Insight Software

NOVEMBER 7, 2023

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.

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Insight Software

MARCH 24, 2024

For many businesses, there’s a belief that the process of implementing a new ERP system is the most challenging part of the process, but it’s really the process of choosing your new ERP. So, you’ve decided to move from an on-premises ERP system to Microsoft Dynamics 365 Business Central (D365 BC). That’s great news!

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Insight Software

JANUARY 29, 2024

Cloud-based ERPs reduce operating costs, can help automate processes, and provide finance teams with greater autonomy. However, hybrid systems can be challenging to maintain without the right tools. And even fewer finance teams have implemented generative AI at just 1%.

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Insight Software

NOVEMBER 8, 2021

After all, most finance leaders know that migrating data from their old ERP and implementing a new ERP comes with the risk of being a costly, complex, and labor-intensive process that detracts from the actual work at hand. You’ll likely be like many organizations that realize this immediately after implementing the new ERP.

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Insight Software

JUNE 25, 2023

However, in order to thrive, they must also operate sustainably and mange costs. Without a strong financial monitoring system, a hospital cannot plan for the long term and risks having to make abrupt decisions at the expense of customer satisfaction. How to Choose the Most Impactful Hospital KPIs?

IBM Maintenance 52

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Insight Software

FEBRUARY 5, 2024

Additionally, inefficient dashboards and analytics hinder visibility into resource consumption patterns, making it difficult to pinpoint energy-intensive processes and implement resource-efficient measures. Flawed calculations can underestimate or overestimate emissions, obscuring your true environmental impact.

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Astera

JANUARY 18, 2024

Data Governance : Talend’s platform offers features that can help users maintain data integrity and compliance with governance standards. On the strategic front, leadership changes post-acquisition can impact the vision and strategy of the company. The UI is not intuitive, which makes troubleshooting difficult.

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Insight Software

SEPTEMBER 1, 2023

By forecasting demand, identifying potential performance bottlenecks, or predicting maintenance needs, the team can allocate resources more efficiently. This prevents over-provisioning and under-provisioning of resources, resulting in cost savings and improved application performance.

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Insight Software

APRIL 3, 2024

Cost Efficiency : Traditional consolidation processes often involve significant upfront investments in hardware, software, and IT infrastructure. Moreover, cloud computing offers economies of scale, reducing overall IT expenses and allowing you to pay only for the resources you use.

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Insight Software

FEBRUARY 29, 2024

This fragmentation results in the lack of a reliable, single source of truth for budget data, making it challenging to maintain data integrity and consistency. Not only does Power ON’s Budget Planner simplify the budgeting process, but it also creates efficiencies and decreases costs.

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Insight Software

NOVEMBER 7, 2023

CFOs will need to pursue a two-prong strategy, sustaining healthy revenue and reducing costs, to achieve financial stability and enhance investor confidence. Decreasing Operational Costs Reducing operational costs without reducing operational efficiency is key to driving profit in an uncertain market.

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Insight Software

APRIL 8, 2024

The High Cost of Data Silos Fragmented data across these systems makes it challenging to gain a holistic view of your organization’s financial performance. This reliance on manual data movement also reduces overall efficiency and increases operational costs for your finance team.

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Insight Software

OCTOBER 7, 2021

When accounts payable departments pay their bills accurately and on time, it maintains good relationships with external vendors which can lead to favorable payment terms and discounts. However, if DPO is too high it can indicate that the company may have problems paying its bills.DPO = (Accounts Payable / Cost of Goods Sold) x # of Days.

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Insight Software

NOVEMBER 28, 2023

As businesses navigate the ever-changing landscape of tax regulations, they face the ongoing challenge of increasing productivity while minimizing costs. And using a single source of truth will allow you to streamline your tax activities and have more confidence in your data, all while reducing operational costs and risk.

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Insight Software

NOVEMBER 21, 2023

Data lakes make storing and harnessing large volumes of information easier and more efficient while reducing overall data storage costs. Data lakehouses leverage low-cost storage options underneath structured, more conventional databases. As a response to emerging technology, data lakes took off along with the rise of big data.

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Insight Software

JULY 24, 2023

The underlying message is crystal clear: today’s ultimate vision revolves around migrating customers to the cloud. Additionally, many decision-makers perceive cloud solutions as more expensive. Most companies say that the added costs of the cloud are offset by other savings, such as eliminating hardware and data center expenses.

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IBM Maintenance IBM cost IBM Support Data Warehouse 52

Insight Software

NOVEMBER 7, 2023

When extracting your financial and operational reporting data from a cloud ERP, your enterprise organization needs accurate, cost-efficient, user-friendly insights into that data. It trends more cost-effective compared to real-time solutions because it requires fewer resources. It is simpler and more predictable.

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IBM Maintenance IBM Support Data Warehouse IBM cost 52

Insight Software

OCTOBER 26, 2023

If your finance team is using JD Edwards (JDE) and Oracle E-Business Suite (EBS), it’s like they rely on well-maintained and accurate master data to drive meaningful insights through reporting. Maintaining data quality within JDE and EBS can be challenging due to the volume of data and the constant changes that occur in ERP systems.

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Insight Software

SEPTEMBER 1, 2023

On top of managing the staggering cost of inflation, turbulence in the global market, and The Great Resignation, organizations are grappling with skills shortages. To maintain project timelines and customer relationships, while managing a lack of technical skills, construction businesses need a way to generate quick and accurate reports.

Finance 52

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Insight Software

MAY 2, 2022

During this process, you notice that maintenance and repair expenses were especially high in June and July. Before you can determine a budget for next year’s maintenance and repair costs, you’ll need to investigate further. That increase wasn’t in the budget, but maybe you should budget for it next year.

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Insight Software

JUNE 25, 2021

Budgeting ratio : This government KPI is the ratio of the public sector operating cost to its revenue. Government operating cost : Much like for-profit or non-profit organizations, public sector operating cost is the amount spent on administration, personnel, and logistics. Download Now.

Government 104

Government IBM Maintenance IBM cost IBM Support 104

Insight Software

MARCH 24, 2024

Investments are the costs of running a variety of programs or marketing campaigns. Overhead costs : This metric is used by non-profits to signal accountability to stakeholders and donors. Overhead expenses are considered the administrative and logistics costs that the non-profit incurs to keep the organization running.

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Insight Software

JUNE 30, 2023

Cost-Plus When no market price is available to serve as a basis for pricing, organizations can use the cost-plus transfer pricing method to set a price by calculating the standard cost of delivering the relevant goods, and adding on top of that price a standard profit margin.

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Insight Software

MARCH 4, 2024

Visions of cost savings and efficiency gains dance in their minds. The Hidden Price Tag of Inefficient SAP Data Processing While the upfront cost of SAP is well-documented, the true cost of inefficient data processing within the system often lurks in the shadows. But the damage doesn’t stop there.

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Insight Software

MARCH 18, 2022

Organizations frequently find that many of their best people are spending excessive time on tedious, repetitive manual processes, such as reconciling expenses, stitching together data to create variance analysis reports, or validating that a journal entry posting matches up to the budget.

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Insight Software

NOVEMBER 18, 2022

For enterprise reporting globally, Oracle Essbase does a great job maintaining the underlying financial data. With CXO and Essbase together, your Finance team can maintain dashboards and financial reports – including mobile output – via the same web-based interface. Here are five ways CXO can improve your Essbase reporting.

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Insight Software

AUGUST 27, 2021

That requires technical expertise, which can be expensive. Most customers will end up paying expensive outside consultants to provide these services. That, in turn, creates long-term costs for your business. You don’t need to maintain a separate security model for your reports.

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