Insight Software

APRIL 18, 2024

Embedded Analytics Challenges – and How to Overcome Them Despite the benefits, it can still be difficult to get buy-in for BI and embedded analytics for your SaaS applications due to challenges like infrastructure costs, safety concerns, as well as uptime and scaling. Infrastructure costs. Here’s how. Security concerns.

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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.

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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.

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Insight Software

JULY 1, 2022

We asked webinar attendees to report how their tax department is viewed by other coworkers. If tax teams are viewed as mere cost centers, it can be difficult for them to secure executive backing for strategic projects. After these roadblocks are identified, it’s easier to explain what can be done with better support and tools.

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Insight Software

SEPTEMBER 28, 2021

The rationale for using LIFO is that the cost of goods sold will more accurately reflect the cost of replacing inventory on hand, especially where prices may be particularly volatile. GAAP dictates that you carry fixed assets at their original cost, net of accumulated depreciation. Development Costs.

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Insight Software

NOVEMBER 8, 2021

With reporting solutions that can eliminate complexity, reduce cost, and decrease risk during your lengthy ERP migration process, and provide fast, flexible reporting once your new system is live, your migration success is easily attainable. Reduce the Cost, Complexity, and Risk of ERP Migration. Knowing your many options is essential.

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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.

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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

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

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

AUGUST 24, 2023

This optimization leads to improved efficiency, reduced operational costs, and better resource utilization. Cost Optimization: The hybrid model allows finance teams to balance their expenses effectively. This strategy can help optimize costs by only paying for the resources that are truly needed.

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Insight Software

MARCH 20, 2024

This lack of visibility can lead to missed opportunities for cost savings or uncovering financial risks. This fosters self-service reporting, empowering you to take control of your data needs without relying on IT for every request. Inefficiency and Bottlenecks: The reliance on IT for custom reports creates a bottleneck.

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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

AUGUST 23, 2021

You must calculate 409A valuation correctly and with absolute confidence because the cost of getting it wrong can be significant. Companies also have the option of outsourcing 409A valuation reports to an independent third party. State tax authorities may impose even more penalties on your employees. What is 409A Valuation?

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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

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.

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Insight Software

JUNE 16, 2021

Gross profit margin : This metric shows the revenue exceeding the cost of the business. A high gross profit margin is desirable.Gross profit margin is calculated using this formula: (Total Revenue – Cost of Goods Sold) / Total Revenue. Throughput is the amount of produced goods or services in a specific period.

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Insight Software

MAY 25, 2023

insightsoftware recently hosted a webinar on the topic of “ The Office of the CFO – A New Era: Decision Making at the Speed of Light ”. We were delighted to be joined by our client, Savings Bank Life Insurance (SBLI), to discuss the evolution of The Office of the CFO and how technology can support better decision making.

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Insight Software

NOVEMBER 8, 2021

This results in a highly responsive budget that directly connects revenue and expenses to external drivers and the physical resources required to deliver the company’s products and services at expected levels. First and foremost, DBB compels business leaders to identify the factors that have the greatest impact on revenue and expenses.

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Insight Software

APRIL 26, 2022

That brings us back to the problem addressed in the first challenge: When it is a manual process to export, import, copy, or paste information, it costs time and effort, and it potentially introduces errors. Customizing Comes with High Costs. Reduced IT Dependency and Easy Self-Service Reporting.

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Insight Software

SEPTEMBER 22, 2021

That would presumably precipitate some discussions about the number of new locations, the expected volume of increased revenue, staffing requirements, capital investments needed, and any other related revenue and operating expenses. Now consider a slightly different situation, in which the company has already made a firm decision to expand.

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Insight Software

APRIL 25, 2024

Check out our webinar on self-service subledger reconciliations for a quick primer on when and how to best use self-service subledger reconciliations for your organization. Hubble Best Practices: Self Service Subledger Reconciliations Download Now Why Do We Need to Reconcile Accounts?

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Insight Software

JULY 29, 2022

Josh Schauer, VP Finance insightsoftware explains, these are the biggest elements of income and expense in a software house and once these are determined it gives a great deal of confidence in the resulting forecast. Watch our on-demand webinar “ What Are The Forecasting Best Practices Of Transformation Leaders?”

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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. When a company ends up with too much inventory on hand, its capital is tied up in goods stored in the warehouse, so it can’t be put to use elsewhere.

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Insight Software

APRIL 14, 2022

The issue with leaning on IT is that departments are often already overtaxed with critical tasks, leaving financial reporting as a second priority. With the number of reports financial professionals are tasked with, generating new analysis can be a frustrating, costly, and time-intensive process. of respondents outsource reports.

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Insight Software

AUGUST 5, 2022

With key features like multi-location ecommerce tools, a planning and payment calendar, and customer self-service portals, the ERP offers many appealing functions. Advantages of working in the cloud are: Reduced IT costs over time. Additionally, the ERP operates completely in the cloud. Greater scalability. Access to automatic updates.

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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

OCTOBER 4, 2021

In the domain of supply chain management, a body of best practices has emerged that enables this kind of analysis to assess the performance of internal processes, suppliers, and service providers. To calculate this KPI, start with the cost of goods sold for a specified period (e.g. Supply Chain Costs as a Percentage of Sales.

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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. As your organization creates new departments, products, and services, you will see more and more data sources emerge.

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Insight Software

JANUARY 11, 2024

Balancing cost-effectiveness and quality are crucial, especially for smaller firms, necessitating a solution that aligns affordability with accuracy. The two most common options are hiring a third-party service provider or using a software solution like Certent Disclosure Management (CDM) to do it in-house.

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Insight Software

SEPTEMBER 24, 2021

Current liabilities represent money needed for operating expenses and debts payable within one year, whereas non-current liabilities are the ones repaid over a longer period. Current assets are cash and cash equivalents, accounts receivable, inventory, and prepaid expenses. Watch Webinar. Watch Webinar.

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Insight Software

JANUARY 13, 2023

Alignment between customer service, logistics, sourcing/procurement, fulfillment, and planning is important but complex because of siloed departments and teams. KPIs such as efficiency, reducing stock levels, and optimizing logistics costs can conflict with your ambition to deliver on time. The on-demand webinar is available here.

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Insight Software

AUGUST 9, 2023

With readily available data, finance teams can make informed decisions faster and support strategic planning for the future. An integrated view of disparate systems can support this “management by exception” approach, substantially increasing efficiency and accuracy. Productivity boost — Create a new template in 60 seconds.

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Insight Software

NOVEMBER 2, 2021

Staff Cost as a Percent of Total Cost: It takes a lot of staff to run a university. Staff Cost Ratio = Total Cost of Staff / Total Annual Budget. Staff Cost Ratio = Total Cost of Staff / Total Annual Budget. Admin Costs per Student = Cost to Fund Entire Cohort / Aggregate Number of Full-Time Students.

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Insight Software

AUGUST 26, 2021

This is particularly true in cases where owners or office managers routinely perform cash withdrawals from a local bank account, or maintain a stock of checks from which they can issue that much-needed vendor payment, usually to cover an “emergency” situation. Purchases get put off until the next day or the next week.

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Insight Software

JULY 15, 2021

The manufacturer responded by shifting to the production of acrylic barriers for cashier stations, customer service desks, and private offices, where it was impossible to avoid person-to-person altogether. There are several factors that vary greatly for servicing the larger customers versus smaller ones.

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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. Check out our recent webinar, Fast Track Your Oracle Cloud Data into a Data Lakehouse.

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