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

SEPTEMBER 24, 2021

If the world was fairly predictable, financial planning would be a relatively straightforward process. For many businesses, the idea of financial forecasting or planning based on last year’s numbers seems far less advisable than it was in the past. Today, financial planning and budgeting are more important than ever.

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Insight Software

JUNE 30, 2021

This reduces the marginal cost of data collection and exponentially reduces implementation time. This is where a KPI dashboard can be implemented to streamline and automate the data collection and processing. Every company dreads implementing new systems as it leads to downtime and overhead costs. Create a company culture.

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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.

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Insight Software

NOVEMBER 15, 2021

It is one of the keys to the organization’s success–how effectively and efficiently are the various processes executed when implemented together. The resources used by the organization on tax compliance and reporting include the time and cost required to implement tax changes, regulatory changes, and to integrate acquisitions.

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Insight Software

JUNE 16, 2021

Traditionally, a COO has been anything from an experienced person who brings the vision of the CEO to life, to a partner whose skills complement that of the CEO’s. This measure highlights the upcoming income and, in conjunction with accounts payable, allows the company to accurately plan for its cashflow (i.e., growth investments).

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Insight Software

JULY 2, 2021

FSN’s most recent research, “Agility in Planning, Budgeting and Forecasting” , confirms and quantifies the compelling advantages of modernizing and digitizing the planning, budgeting, and forecasting process. Creating agile scenario plans and rolling forecasts is simply not feasible in spreadsheets.

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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

DECEMBER 23, 2021

Interfaces between operational systems (usually the general ledger) and the group reporting pack are frequently unautomated and depend on crude mapping tables, also maintained in spreadsheets, to marshal source data to its proper destination. So, there are plenty of opportunities for errors to creep into the financial reporting process.

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Insight Software

JUNE 17, 2021

The company opted to implement Longview Transfer Pricing from insightsoftware in early 2020, just before the COVID-19 pandemic struck. This prompted the company to implement a software solution that would support the development of more effective processes, and allow a more proactive approach. Managing Data Integrity.

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Insight Software

JUNE 24, 2021

Non-profit organizations implement a variety of strategies such as email campaigns, social media marketing, and in-person events to connect with new donors and engage their supporters. This new information will give the non-profit the opportunity to identify its weaknesses and work on building more meaningful connections with its supporters.

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Insight Software

DECEMBER 11, 2023

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. Your teams need near real-time views into property management data in MRI and Yardi, to enable faster financial and operational reporting.

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Insight Software

AUGUST 17, 2021

Since the UGT is updated only once a year, these changes are housed in a “ Pending Annual Updates ” page and incorporated into a development taxonomy that FASB maintains between official releases. Securities and Exchange Commission Release No. 33-10835; 34-89835, Update of Statistical Disclosures for Bank and Savings and Loan Registrants.

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Insight Software

FEBRUARY 14, 2022

While investment in tax and transfer software has tended to lag that in core finance systems, adoption is maturing and pressure from the office of the CFO to implement digital tools is beginning to grow. Tax planning and reporting have risen to the top of the corporate agenda. Read how to elevate tax to a strategic function.

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Insight Software

NOVEMBER 16, 2021

By closely monitoring these trends, logistics managers can not only better manage truck maintenance, but they can also assess the quality of their drivers. Time to Fill Open Positions: This metric gauges the quality and effectiveness of business planning and recruitment processes.

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Insight Software

MARCH 2, 2022

However, to implement it, companies and organizations need to understand what ESG reporting is, what it comprises of, and why it is important. This, for instance, include that a company uses accurate and transparent accounting methods, implements proper shareholder voting processes, and doesn’t engage in any illegal practices.

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Insight Software

MAY 1, 2023

SAID ANOTHER WAY… Business intelligence is a map that you utilize to plan your route before a long road trip. Retail and Wholesale are the next that are best represented. The program offers valuable data analysis-based services such as benchmarking and personalized fitness plans. Who Uses Embedded Analytics?

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Insight Software

AUGUST 25, 2021

For example, if company leadership plans to roll out a new product, they may allow for a higher than normal increase in marketing expenditures. DBB helps managers to identify the most important drivers that impact their business performance and to align budgeting and planning accordingly.

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Insight Software

DECEMBER 3, 2021

Usually, these tasks are managed in a spreadsheet checklist, which is onerous to maintain in real-time and share between participants. They seek to automate data capture and maintain good control over different data sources and mapping tables. So, what do they do differently?

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Insight Software

MAY 21, 2021

For example, although we identified financial planning and analysis (FP&A) as the main function of 66 percent of finance professionals, only 46 percent of those engaged in this area felt that they were able to fully execute all of their tasks because: Manual processes are taking up too much time (49 percent).

Finance 52

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Insight Software

FEBRUARY 28, 2022

Operational reporting, sometimes referred to as business reporting, involves pulling data from enterprise resource planning (ERP) solutions and other internal business systems to illuminate the day-to-day operations of an organization. More importantly, what would it take to turn that dissatisfaction into satisfaction?

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Insight Software

JULY 17, 2023

It aids banks in approving credit or detecting suspicious activity, e-mail providers in filtering spam, and retailers in predicting customers’ likelihood to churn out or purchase products. But predictive analytics is a complex capability, and therefore implementing it is also complicated and comes with challenges.

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Insight Software

NOVEMBER 2, 2021

This network consists of manufacturers, vendors, warehouses, transportation, distribution centers, and retailers. This streamlining, maintaining, and improving the flow of goods requires a competent team to manage it. Companies create supply chains to expedite production and reduce cost.

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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. Plan Ahead for the Transition. Here are some tips for success. Success Tip 1.

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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. Improving tax planning processes. They are allocating budget to the task, however.

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Insight Software

SEPTEMBER 20, 2021

Unfortunately, the standard out-of-the-box reports that come with most enterprise resource planning (ERP) systems are simply inadequate to the task of preparing a strong packet for your board of directors. Here are the key factors you should consider when seeking the best board reporting software for your organization.

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Insight Software

JUNE 2, 2021

As organizations have come to understand that their success rests largely on their ability to use the data at their disposal to gain actionable insights and that many of those insights come from finance-related data, the need for value-added financial planning and analysis from the Office of Finance has never been greater.

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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. Month-end close can often be a stressful time for people on the finance and accounting team. Loans with deferred interest payments require an interest accrual.

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Insight Software

DECEMBER 13, 2021

Certent Equity Management (EM) can help you overcome these obstacles by offering everything you need to manage, administer, account for, and report on equity compensation plans so you can streamline your equity management , tighten compliance, minimize risk, and improve your productivity. Certent EM helps by offering fast implementation.

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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

JULY 20, 2021

The results of the recent FSN’s Agility in Planning, Budgeting, and Forecasting (PBF) Survey 2021 clearly shows how implementing rolling forecasts helps organizations to improve both forecast speed and accuracy. FSN Global Survey 2021: Agility in Planning, Budgeting and Forecasting. Download Now: Click here to access resource.

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Insight Software

JANUARY 24, 2022

Countries are aiming to sign a multilateral convention during 2022, with effective implementation in 2023. We must now work swiftly and diligently to ensure the effective implementation of this major reform.”. The landmark deal was agreed by 136 countries and jurisdictions representing more than 90% of global GDP.

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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.

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Insight Software

FEBRUARY 2, 2022

A budget is a financial plan for a specific period of time, typically covering one complete fiscal year. Generally speaking, budgets represent an unfolding financial reality that a company’s managers hope will come to pass, or to put a more optimistic spin on it, the budget represents management’s plans and intentions.

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Insight Software

JULY 13, 2021

Good, clean record-keeping becomes critically important to meet legal and tax obligations and maintain positive relationships with investors. As your company grows, it is imperative that record-keeping be accurate, timely, and complete. There are multiple events that could potentially trigger the need for updates to your company’s cap table.

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Insight Software

AUGUST 31, 2021

By the same token, many organizations will, upon implementing ZBB, discover internal functions or business processes that an outside firm could execute more effectively and efficiently.

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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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