Insight Software

MAY 1, 2023

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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Insight Software

DECEMBER 22, 2021

As a result, strategic workforce planning is garnering considerable attention today, and workforce planning software is in high demand. Workforce planning means analyzing a company’s existing staffing levels, then anticipating and planning for future needs. Workforce planning is also about the short and medium term.

Planning 52

Planning IBM Support IBM cost IBM Maintenance 52

Insight Software

JUNE 24, 2021

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, 2021

Gross Profit Margin = (Total Revenue – Cost of Goods Sold) / Total Revenue. This performance metric should be tracked in conjunction with gross margin and operating costs to ensure enough money is being generated from sales, and that operating costs aren’t eating too far into profitability. ROAS = Revenue / Advertising Costs.

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Insight Software

AUGUST 25, 2021

Interest expense on an amortized loan, for example, will steadily increase over time as the principal portion of each payment declines. In a few cases, managers may be aware of expense categories that will sharply decline or go away altogether. Lease payments often remain steady over a period of years. Value Proposition Budgeting.

IBM cost 98

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Insight Software

JUNE 25, 2021

Therefore, without understanding and evaluating KPIs, governments cannot fulfill their commitment to responsible spending and transparency, and the public cannot verify if the required services are being adequately performed. For the public sector, financial and service KPIs should have a higher weight than other metrics. Learn More.

Government 104

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Insight Software

OCTOBER 18, 2021

Instead of paying down debt, saving on interest expense, and preserving liquidity; its cash is committed to maintaining bloated levels of inventory. The “What” and “Why” of Demand Planning and Forecasting. It ensures that people have access to the products they need, while facilitating a profitable transaction for the retailer.

Supply Chain 52

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Insight Software

SEPTEMBER 28, 2021

The European Union (EU) was quick to adopt IFRS, and in the ensuing years, China, Japan, Canada, Korea, and India all announced plans to move closer to IFRS, and eventually to make a wholesale transition to the new standards. GAAP dictates that you carry fixed assets at their original cost, net of accumulated depreciation.

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Insight Software

NOVEMBER 8, 2021

One of the biggest challenges you’ll face when you migrate your data to a new enterprise resource planning (ERP) system is making sure it matches your old system. When you are planning an ERP migration, sizing up the tools and technologies that will enable or inhibit the success of your data migration is an important step in the process.

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Insight Software

NOVEMBER 2, 2021

This network consists of manufacturers, vendors, warehouses, transportation, distribution centers, and retailers. Companies create supply chains to expedite production and reduce cost. GMROI = Gross profit / average inventory cost. Freight cost per unit = total freight cost / number of items.

Supply Chain 52

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Insight Software

MAY 5, 2021

Strategic planning ranks high on a company’s list of priorities, and equally high on the list of challenges. Consider the eye-opening results of a recent survey : 94% of CFOs plan to change their risk strategy in the wake of the COVID-19 pandemic. With so many disruptive forces in play at once, strategic planning is critical.

Planning 52

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Insight Software

NOVEMBER 15, 2021

KPIs for Tax Accountants – Tax Cost. Managing tax cost involves reducing the financial impact associated with taxes. While the income tax provision is a crucial part of the income statement, other taxes also have a significant impact on tax cost. How to Compare Reporting & BI Solutions. Download Now.

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Insight Software

NOVEMBER 16, 2021

Pick and Pack Costs: This logistics key performance indicator measures all costs associated with picking and packing products. Studying this metric will give the logistics managers the opportunity to find the lowest cost and most efficient processes. Operating ratio = total operating expenses/total revenue. Download Now.

Logistics 84

Logistics IBM cost IBM Maintenance IBM Support 84

Insight Software

DECEMBER 11, 2023

Unearned income from tenants: Challenge : Accurately accounting for unearned income from tenants, particularly in commercial and retail spaces with advanced rent payments or lease incentives. Use the formulas for accurate calculations and recording of finance charges and interest expenses. IRS Form 4562 and Schedule E).

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Insight Software

SEPTEMBER 30, 2021

Like many other service providers, hospitals depend on their customers (patients) to run their business. However, in order to thrive, they must also operate sustainably and mange costs. A successful hospital runs efficiently, provides life saving services and plays a valuable role in driving public health measures.

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Insight Software

JUNE 15, 2021

Unfortunately, at the time that so many tech startups were springing up in the early 2000s, accounting practices related to the expensing of equity-based compensation were not well standardized. Many emerging companies, in their zeal to appear as profitable as possible, chose not to recognize such expenses at the time they were incurred.

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Insight Software

JULY 1, 2021

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. Improve Visibility to Information.

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Insight Software

FEBRUARY 4, 2022

In a nutshell, equity compensation is defined as non-cash remuneration that takes the form of stock options, restricted shares, employee stock purchase plans, and other vehicles that provide employees with an equity stake in the company. Managing Equity Compensation Plans. Different Forms of Equity Compensation.

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Insight Software

JANUARY 20, 2022

Enterprise resource planning (ERP) software automates many of these processes, making month-end closing procedures faster and easier than they were in years past. For example, it can be helpful to set parameters pertaining to employee reimbursements, wherein employees must submit expense reports by the last day of the month.

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Insight Software

AUGUST 31, 2021

Although ZBB represents a significant change in the way finance teams create budgets, it has some distinct benefits, especially for organizations seeking greater agility and cost efficiencies. The zero-based approach requires that budget owners justify every expense. Zero-based Budgeting Focuses on Needs. ZBB Encourages Innovation.

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Insight Software

MAY 10, 2021

Financial reporting, operational reporting, financial planning and analysis—there’s no shortage of work for finance teams to do as organizations continue to adjust to the new economic realities that the pandemic thrust upon the world stage in 2020. They are allocating budget to the task, however.

Finance 98

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Insight Software

AUGUST 23, 2021

You must calculate 409A valuation correctly and with absolute confidence because the cost of getting it wrong can be significant. If you offer equity compensation to your employees, or if you plan to, then you will need a 409A valuation. Companies also have the option of outsourcing 409A valuation reports to an independent third party.

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Insight Software

JUNE 16, 2021

This measure highlights the upcoming income and, in conjunction with accounts payable, allows the company to accurately plan for its cashflow (i.e., Gross profit margin : This metric shows the revenue exceeding the cost of the business. Throughput is the amount of produced goods or services in a specific period.

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Insight Software

SEPTEMBER 20, 2021

It cannot be structured in a way that allows board members to get mired in excessive detail at the expense of missing out on the big picture. Low Total Cost of Ownership. Reports to your board must be accurate, timely, and thorough. At the same time, a good board packet should tell a story. Real-Time Access to Your Most Important Data.

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Insight Software

JULY 28, 2023

Nowhere is this ability more important than in the retail and food & beverage sectors. Because retail and food service businesses are uniquely positioned within the market landscape, the need for a reliable budgeting and planning process is crucial.

Retail 52

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Insight Software

NOVEMBER 8, 2021

Driver-based budgeting (DBB) is a planning and budgeting process that focuses on the key variables that most dramatically impact business performance and ties budget numbers to the physical resources necessary to achieve targets for each of those variables. Driver-Based Budgeting and Planning: A Guide for Finance Teams.

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Insight Software

SEPTEMBER 22, 2021

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. This time, the analysis is based on actual plans and conditions as they are known today.

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Insight Software

MARCH 2, 2022

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. EU Taxonomy Regulation.

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Insight Software

NOVEMBER 23, 2021

That is because when Finance teams spend too much time trying to manage, analyze and understand their data, this takes critical time away from strategic planning. This helps to reduce uncertainty when planning in such a volatile business environment. Powerful Tools.

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Insight Software

DECEMBER 7, 2021

If the focus is on knowing your customer, for example, you may want to consider extending your corporate datasets with demographic details available from third-party sources. We designed our reporting and business intelligence tools to integrate with multiple systems for ease-of-use and low total cost of ownership (TCO).

Business Intelligence 52

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Insight Software

FEBRUARY 23, 2024

It is a complex and challenging task that requires careful planning, analysis, and execution. Third, it supports data-driven decision making by providing a holistic view and context for data analysis. Data warehouses can be complex, time-consuming, and expensive.

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Insight Software

FEBRUARY 15, 2022

It’s critical to have a meaningful financial plan in place, to have realistic targets to achieve. Unfortunately, traditional models for financial planning and budgeting are increasingly strained as businesses strive to cope with change. Many are seeking leaner, more agile budgeting and planning options.

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Insight Software

DECEMBER 22, 2021

To achieve better alignment between these two functions, many companies have adopted a different approach, sales and operations planning (S&OP). It’s about coordinating and streamlining all functions in the value chain–from strategic planning to forecasting and demand planning, inventory management, strategic sourcing, and distribution.

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

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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. Cloud Data Pipelines : These pipelines move data between cloud-based systems, such as from one cloud service to another or from on-premises to the cloud.

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Insight Software

JANUARY 31, 2022

Fourth quarter is the time of year when most organizations are looking to the future in earnest, gathering detailed information on the current year’s performance, assembling a wish-list for the road ahead, and kicking off the planning and budgeting process all over again. Driver-Based Budgeting and Planning: A Guide for Finance Teams.

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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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