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2024 has been an exciting year in the world of embedded analytics and business intelligence. Here, we share our embedded analytics highlights from 2024. Empowering Users to Create Reports Without IT Support Self-service reporting was a hot topic in embedded analytics this year.
Our recent Finance Team Trends Report indicates that last year, over 48% of finance teams experienced efficiency losses amidst global economic disruptions, emphasizing the critical need for adaptability and agility in 2024. The same report found that recently a new set of obstacles has emerged for finance teams.
Near-term solvency targets of the public sector are not nearly as high as the private sector, but nevertheless, a risk analysis should be performed, and a debt management strategy must be identified. Δ The post 10+ Government KPIs for 2024Reporting appeared first on insightsoftware. Enable cookies.
2024 is set to be a fascinating year in the finance space with advancements that help organizations continue to do more with stretched resources and continued staffing shortages. It’s hard to believe we’re nearly halfway into the 2020s.
Now, as we head into 2024, CFOs continue to seek balance and efficiency through digital transformation. Balancing these revenue-sustaining and cost-cutting efforts will be critical in 2024, enabling finance teams to fortify bottom lines and contribute to organizational profitability and long-term financial health.
Alternatively, you can embrace the opportunity to modernize your reporting strategy. Here, we discuss the impact of end-of-life for reporting solutions and what you can do to ensure a smooth transition. With sensitive business data at risk, the cost of a breachboth financial and reputationalcan far outweigh the effort of upgrading.
With over 70% of business leaders acknowledging the potential of automated ESG reporting tools to enhance efficiency and accuracy, 2025 will likely see a surge in adoption of technologies designed to simplify ESG compliance and reporting workflows.
The CSRD is a phased directive that requires all large companies and listed companies in the EU to disclose information on their environmental, social, and governance (ESG) performance, risks, and impacts. Companies will have to publish their first sustainability reports under the new standards by as soon as 2025 1.
By regularly updating and monitoring cash flow forecasts, business owners can proactively manage their bank account cash position, optimize liquidity, and mitigate financial risks. Treasury Management: Cash flow forecasting is essential for treasury management , which involves managing a company’s cash, investments, and financial risks.
As inflation continues to impact major projects while contract values decline, keeping a strong reporting posture and analytical practices allow businesses to maintain agility and understand where to prioritize increasingly limited resources. But if you still report manually, it can send your progress to a grinding halt.
Its familiarity, flexibility, and spreadsheet functionalities have made it the default tool for creating custom reports, conducting complex analyses, and visualizing data in ways that standard ERP reports might not facilitate. Manual data exports from your ERP to Excel, however, require a lot of time and introduce unnecessary risk.
In fact, our 2024 Embedded Analytics Report , found that organizations spend 30 hours or more per week addressing building customer-specific content (33%), performance issues (25%), and data inconsistencies (25%). However, building and maintaining a robust analytics platform can be challenging.
Shaping the Future: Conquering Finance Challenges in 2024 Download Now According to our data, at least three-quarters (75%) of finance teams dedicate a minimum of five to six hours each week to recreating financial reports, equating to up to 24 hours a month or 300 hours per year.
Secure hosting ensures the data connector remains protected, minimizing the risk of unauthorized access to your sensitive information. However, a compromised data connector bypasses these filters, granting attackers unrestricted access. Therefore, the way the embedded analytics application is hosted plays a vital role.
The report includes data from 4,241 end-user reviews to find the top BI software providers of 2024. According to insightsoftware and Hanover Research’s recent Embedded Analytics Insights Report , AI and predictive analytics were rated among the most important trends of the next five years.
According to insightsoftware and Hanover Research’s 2024 Embedded Analytics Report , customizable dashboards are in demand. While your customer contact might be more interested in day-to-day functionality, a key concern is always going to be whether your application will address their leadership’s need for self-service insights.
Forrester Research predicts that the embedded analytics market will hit $16 billion in 2024. See the Future with Predictive Analytics In today’s volatile market, anticipating trends and minimizing risks is key. Get your application to market faster with built-in data power.
Optional capabilities include financial reportingrisk management and disclosure management. We have an exciting roadmap for 2024 with new features and capabilities. To be considered, product capabilities must include close management, financial consolidation, financial statement reconciliation and journal entry processing.
Formal requirements are beginning to emerge, as the Paris Climate Accords codified the concept of sustainability reporting as a means of providing greater transparency and accountability into the impact of human activities on the environment. Don’t Wait to Get Started With Sustainability Reporting.
Without contextual specificity, these dimensions risk becoming check-the-box exercises rather than actionable frameworks that help organizations identify and address the root causes of data quality issues. Another example is an analytic team that wants to focus on data that goes into the weekly report for the executive team.
Only 29% are still just experimenting with generative AI, versus 70% in the 2024 study. reporting that data and AI operationsreport to the business, 47.2% saying they have other reporting relationships, such as to transformation leadership. Early-stage production has also increased, from 25% to 47%.
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. Average treatment cost could be broken down by age group, condition, patient history and risk factors to provide further insight. Enable cookies.
However, migrating can pose risks such as upfront costs and downtime. According to the SAP edition of insightsoftware and Hanover Researchs recent Finance Team Trends Report , only 26% of SAP-driven finance teams have fully moved to the cloud.
The other preferences that users expect from modern business performance management solutions are company-wide planning, increased planning frequency, increased insights, operationalreporting, strategic alignment, and predictive forecasting. So far, we have seen a real shift where businesses move away from SAP BPC to modern solutions.
As a finance team member, it’s likely your main goals are to reduce risk, improve profitability, and maintain exceptional levels of compliance. To achieve success, you need direct access to accurate data from your ERP and the ability to quickly create drillable Excel reports for GL and other finance requirements.
Our research shows that some tasks, such as financial system maintenance (43%), management report generation (38%), or audit preparation/support (36%), are highly automated amongst Oracle-driven teams, often using tools like Oracle Financial Reporting Studio. For these organizations, building a custom solution is an attractive option.
Disclosure Management Certent Disclosure Management (CDM) Certent Disclosure Managment by insightsoftware streamlines the creation and management of accurate and compliant reports for internal and external stakeholders. JustPerform strengthens our planning, forecasting, and financial close capabilities.
Many finance professionals find themselves hampered by reporting limitations and heightened IT dependencies, which slows down decision-making and limits the value of their SAP data. The findings paint a clear picture of the challenges facing SAP-powered finance teams migrating to the cloud.
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