This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The right tools and platforms that are easy to deploy, play well with legacy and modern systems, and can manage a complete end-to-end BI process, are what modern data engineers need in order to fully embrace complex data. You want to make sure you have one place to bring in all your data and do your data modeling.
Your month end numbers aren’t adding up and your finance team is forced to manually sift through spreadsheet after spreadsheet looking for inaccuracies and h uman errors . Your resources are spread thin with the additional calculations and system workarounds put in place trying to understand the data your system is delivering .
Risk to the business. The mechanical solution is to build a datawarehouse. This is because people won’t use BI applications that are founded on irrelevant, incomplete, or questionable data. That’s because nothing will highlight data quality issues like seeing them pop up in a dashboard. guess what?
The world of businessanalytics is evolving rapidly. The size and scope of business databases have grown as ERP functionality has evolved, businesses have increased their adoption of CRM and marketing automation, and collaboration networks have become more common. The first is an OLAP model.
Dataanalytics in the publishing industry With such a widespread global operation, Macmillan Publishers has a long history of investing in technology that can source deep analytical information about sales, inventory and transportation of their titles in the market.
Additionally, they provide tabs, pull-down menus, and other navigation features to assist in accessing data. Data Visualizations : Dashboards are configured with a variety of data visualizations such as line and bar charts, bubble charts, heat maps, and scatter plots to show different performance metrics and statistics.
A helpful by-product of doing the right things in these areas is that the vast majority of what is required for regulatory compliance is achieved simply by doing things that add business value anyway. Data Architecture / Infrastructure. When I first started focussing on the data arena, DataWarehouses were state of the art.
Decide which are necessary to your business intelligence strategy. This should also include creating a plan for data storage services. Are the data sources going to remain disparate? Or does building a datawarehouse make sense for your organization? Define a budget.
The key components of a data pipeline are typically: Data Sources : The origin of the data, such as a relational database , datawarehouse, data lake , file, API, or other data store. This can include tasks such as data ingestion, cleansing, filtering, aggregation, or standardization.
Shipping and supply chain disruptions leave businesses reprioritizing, rescheduling, and floundering to successfully manage inventory. Gone are the days of finance sitting comfortably in the back seat. Here, we discuss three ways finance teams can cope with constant changes to the supply chain. Break Down Silos. Inefficiency.
ESG reporting is rapidly becoming a key focus area for finance teams around the world. First, it will prepare finance teams for a situation that many see as inevitable. Live demo tailored to your business requirements. Interested in BusinessAnalytics and Dashboards. Interested in Data Warehousing/BI Cubes.
It involves projecting the future cash receipts and payments based on historical balance sheet data, current financial information, and anticipated changes in business operations and financing activities. Cash flow forecasting is a valuable tool for businesses to manage their finances, mitigate risk, and drive growth.
SAP Central Finance is the KEY S/4HANA Deployment Option Are you still undecided on your path to move to S/4HANA? If so, consider this question: Why not use SAP Central Finance to start your move, and leverage prebuilt integration products from insightsoftware to simplify and accelerate your journey?
With these considerable time savings, they can use the product to map out different scenarios with actual and forecasted financedata to make their own strategic suggestions from a tax perspective. The tax team’s work often hinges on the quality and timeliness of the financedata that underpins their forecasts.
With the rise of financial reporting software , many finance professionals rely on automated reconciliation for this vital process. Your finance team will be able to establish effective, repeatable processes with custom templates, bulk journal entry updates, and automatic data validation from within Excel.
CXO Software, for example, is remarkably user-friendly, allowing users in the finance department to develop powerful, flexible reports without help from the IT department. The finance experts at CXO Software ?have With the CXO DataWarehouse Adapter, you can access ERP data, planning and budgeting numbers, or external information.
Disruption is the name of the game, and for finance leaders to stay competitive in this turbulent new era, they’ll need a clear vision for how to move forward. Timely Business Insights Will Be Ever More Important. Cloud-compatible reporting tools will allow finance teams to shrink reporting cycles and deliver faster results.
The last few years have permanently changed the face of finance, and there’s no going back. Finance must embed data processes that can help navigate the business through uncertain times. In the wake of these changes, the finance function has transitioned to a more forward-looking approach. Well, yes and no.
It is hard to get a full picture of your supply chain data with operational reporting software, so supply chain executives are flying blind, working with inaccurate and outdated information. Stock projections will be incorrect, impacting finances like working capital and revenue. Easily Identify Pollution in Your Data Stream.
This standard is held up as a measure of a finance or accounting department’s effectiveness. Companies are expected to get the financial close process done within a standard business week. It orients a finance department towards faster, more accurate, and more efficient financial closes. Interested in Data Warehousing/BI Cubes.
Live demo tailored to your business requirements. Interested in BusinessAnalytics and Dashboards. Interested in Data Warehousing/BI Cubes. Δ The post Data Discovery: From Finance to Healthcare appeared first on insightsoftware. Discover which solutions are best suited for your needs. Enable cookies.
Year-end close is a critical process for any business, but it can be especially challenging for accountants working in the real estate and property management sectors. Your finance and accounting teams need a stress-free and streamlined year-end close for your business. IRS Form 4562 and Schedule E).
How can your finance team transform the way it works and add strategic value to your organization? Today’s finance teams typically spend too much time creating reports against their EPM data instead of performing analysis. One reason for this is the increasing complexity that many businesses experience as they grow.
Finance teams are no strangers to pressure. Inflation, economic uncertainty, and swiftly-changing regulations significantly impact finance professionals. Every organization has roadblocks like budgetary restraints, data limitations, and clunky, manual processes. Put reporting into finance or relevant business users’ hands.
Finance teams, like yours, are expected to offer meaningful input on cloud investments. Data Access What insights can we derive from our cloud ERP? What are the best practices for analyzing cloud ERP data? How can we respond in real time to the company’s analytic needs?
But finance professionals can encounter roadblocks when seeking deeper analysis than their technical knowledge of Power BI permits. Their combined utility makes it easy to create and maintain a complete datawarehouse solution with very little effort. Jet acts as the perfect conduit between your ERP data and Power BI.
In today’s unpredictable economy, it comes as no surprise that businesses need to be adaptable. Finance teams have been dealing with uncertain markets for the last several years, resulting in an increasing demand for them to do more with less. Agility is about arriving at decisions quickly and acting on them confidently.
Finance teams are under pressure to slash costs while playing a key role in data strategy, yet they are still bogged down by manual tasks, overreliance on IT, and low visibility on company data. This expansion of responsibilities is exacerbating the well-documented trend of finance team burnout, leading to undesirable turnover.
Finance teams are increasingly being asked for timely, recurring operational reports to support day-to-day decision making. The most common challenges your finance team probably faces are: lengthy report creation time, existing tool complexity, and the inability to drill into transactional data. Download Now.
Live demo tailored to your business requirements. Interested in BusinessAnalytics and Dashboards. Interested in Data Warehousing/BI Cubes. Discover which solutions are best suited for your needs. No high pressure sales pitch. Interested in Financial Reporting. Interested in Multiple Companies/Databases Consolidation.
Scatter charts are particularly useful for identifying linear or nonlinear correlations and assessing the strength of relationships, often used in fields like finance, sales, and research to explore dependencies, forecast trends, or test hypotheses. Bubble Chart Similar to scatter charts, a bubble chart is a way to show multivariate data.
By adding depth and meaning to the numbers, finance teams can help everyone in their organization, as well as important external stakeholders, to better understand the realities that drive the business. In doing so, they can bolster the financial competency of their peers and improve business results. Download Now.
Finance teams are regularly tasked with creating operational reports for their own use or to share with other business areas (departmental expenditure, open invoices, performance against budget). A lot is riding on these reports, and you don’t want complex and inflexible reporting tools limiting your insights into the data.
Finance teams are regularly tasked with creating operational reports for their own use or to share with other business areas (departmental expenditure, open invoices, performance against budget). A lot is riding on these reports, and you don’t want complex and inflexible reporting tools limiting your insights into the data.
What are the best practices for analyzing cloud ERP data? How can we respond in real time to the company’s analytic needs? Data Management. How do we create a datawarehouse or data lake in the cloud using our cloud ERP? How do I access the legacy data from my previous ERP? Self-service BI.
Finance teams today are facing unique challenges as they adapt to the post-pandemic landscape. Between layoffs and furloughs directly caused by the COVID-19 pandemic and the Great Resignation that followed, finance leaders are now dealing with a growing gap in the skills needed for their teams to successfully complete essential tasks.
The complexity and variability of project-based businesses represent distinct challenges for finance and accounting teams. Costing, procurement, subcontractor management, and labor combine to create a level of intricacy that businesses in other sectors don’t have to contend with.
Data Entities and BYOD: The Essential Guide for Finance and Accounting. Introducing Jet Analytics. Jet Analytics from insightsoftware delivers fast, accurate dashboards and reports in Excel, Power BI, and on the web. Live demo tailored to your business requirements. Interested in BusinessAnalytics and Dashboards.
Accuracy will be maintained with painful manual data extraction/validation processes. Adopting cloud-friendly tools helps to mitigate challenges of moving to the cloud – solutions like datawarehouses can store your legacy data while making it easy to access from cloud EPM systems. Interested in Data Warehousing/BI Cubes.
Seamless Integration with Cloud DataWarehouse Targets. Expect simplified access to high-quality, extensible views of ERP data for reporting and analytics in a cloud-native destination. Expect simplified access to high-quality, extensible views of ERP data for reporting and analytics in a cloud-native destination.
They’ll help you make swift, informed decisions, save time and money, spot emerging trends and formulate initiatives that will improve the day-to-day operations of your business. But finance professionals struggle with the tools they currently use for operational reporting. Live demo tailored to your business requirements.
As a comprehensive, cloud-based ERP, Oracle NetSuite empowers businesses with a unified view of finances and operations. For your accounting and finance team especially, this challenge makes it difficult to create the critical financial reports that drive your business. Better communication between locations and systems.
Switching to a modern ERP software system affords many benefits, including increased efficiency, improved accuracy, and better control over your company’s finances. It is also an excellent opportunity to revisit many of the business processes that sit outside of your core ERP system. Live demo tailored to your business requirements.
With the coming rollout of the OECD’s action plan on Base Erosion and Profit Shifting (BEPS) in over 130 countries, there are big changes looming, and today’s investments in multinational tax reporting and transfer pricing software will pay big dividends as finance teams step up to meet the challenge of shifting to the new paradigm.
We organize all of the trending information in your field so you don't have to. Join 42,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content