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Avoid Fragmented Planning with Connected Budgeting and Planning Tools

Insight Software

Imagine the following scenario: You’re building next year’s budget in Microsoft Excel, using current year-to-date actuals that you exported from your enterprise resource planning (ERP) software. You also have this year’s approved budget on hand for reference. Was it a seasonal rise, or was this an anomaly?

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Introductory Guide to Business Cash Flow Planning

Insight Software

You can’t plan for emergencies, geopolitics, or sudden problems that you have no control over. Business cash flow planning can get you out of a jam and save your company. Take a look at our ultimate guide to business cash flow planning highlighting: What is business cash flow planning? What is Business Cash Flow Planning?

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How Data Management and Big Data Analytics Speed Up Business Growth

BizAcuity

The comprehensive system which collectively includes generating data, storing the data, aggregating and analyzing the data, the tools, platforms and other softwares involved is referred to as Big Data Ecosystem. The truth is that with a clear vision, SMEs too can benefit a great deal from big data. Customer Experience.

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Five Types of Budgets: Which One is Right for You

Insight Software

The traditional approach referred to above is also known as incremental budgeting. 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.

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Three Best Practices for ASC 718 Reporting

Insight Software

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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3 Questions to Ask Yourself Before Moving to the Cloud

Insight Software

Cloud-based ERPs reduce operating costs, can help automate processes, and provide finance teams with greater autonomy. If your organization still operates on-premises, but your 2024 plans include a cloud migration, here are three key questions you must consider before investing. Fully Cloud or Hybrid?

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Top 10 Supply Chain Management KPIs

Insight Software

The customer order cycle time refers to the average amount of time (in days) that lapses between the date the customer places an order and the actual delivery date. 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. Customer Order Cycle Time.