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. – February 23, 2022 – insightsoftware , a global provider of financial reporting and performance management solutions for the Office of the CFO, today announced The OperationalReporting Global Trends Report. Further, the volume and type of requests for operationalreports is rapidly increasing.
Although Oracle ERP Cloud provides very robust functionality, for the users in your organization who need to design, run, and distribute operationalreports, the ERP’s complexity presents some significant challenges. Why Finance Teams Need the Right Tool. Why do finance teams need a purpose-built tool?
Deal brings operationalreporting to insightsoftware’s 25,000+ customers and provides fuel for growth to Logi Analytics’s embedded analytics for commercial software organizations. RALEIGH, N.C. Terms of the deal were not disclosed. This is a critical piece of our long-term strategy.
With the use of the right BI reporting tool businesses can generate various types of analytical reports that include accurate forecasts via predictive analytics technologies. Let’s look at it with an analytical report example. They are typically short-term reports as they aim to paint a picture of the present.
The finance function has traditionally been known for its stability and process-based culture. Data has always been central to agile business planning, forecasting and analysis – all tools which have become central to the modern CFO role. Thrive in a Disruptive Landscape by Reimagining Finance. .
Event 1 Software delivers award-winning products—such as flagship solutions Office Connector and Liberty Reports—that enable CFOs and finance teams to transform Excel into an intuitive and interactive reporting engine for business data. Terms of the deal were not disclosed. Based in Vancouver, Wash.,
Deal accelerates insightsoftware’s enterprise position in operationalreporting by adding market-leading data analytics and integration products including SAP and Oracle ERP reporting solutions. portfolio of best-in-class reporting, analytics, budgeting, forecasting, consolidation, and tax solutions?to
The results are in–for the third year in a row, insightsoftware has partnered with Hanover Research to deliver our yearly Finance Team Trends Report. Comparing results across the years shows an incredible journey for finance teams across the globe. Here, we discuss the top trends for finance teams this year.
Data show increased digital efficiency across most finance functions, but expanding responsibilities and diminishing resources create new challenges. July 21, 2022 – insightsoftware , a global provider of reporting, analytics, and performance management solutions, today launched its annual Finance Team Trends Report.
Because of this, operational dashboards often are more detailed than strategic dashboards. They can also provide operationalreports with a more detailed view of specific data sets. Operational dashboards help departments stay proactive and ahead of problems. b) Customer service operational metrics dashboard.
With its ability to add formulas, sort information, and automatically generate pivot tables, YSR offers significantly greater flexibility than screen-based reports. Unfortunately, though, for finance teams, it still falls short of the mark in several respects. Challenges for Reporting and Analysis.
This is especially prevalent among finance departments. The Cause and Effect of Disjointed Reporting Recent research found that more than two-thirds of IT and finance professionals waste an entire day each week on operationalreporting. More specifically, data silos remain one of the biggest barriers to innovation.
Like many others, finance and accounting professionals are turning to collaboration tools, as remote work becomes the norm for millions of people around the world. In the world of finance and accounting, CFOs are discovering the merits of finance-owned reporting tools. The video conferencing business is booming.
When a cash crunch hits, the business managers who have optimized working capital will be better positioned to survive the crisis without resorting to costly financing, liquidating assets at the wrong time, or other desperate measures. In most companies, sales and finance have conflicting goals.
Finance teams today are facing unique challenges as they adapt to the post-pandemic landscape. According to recent insightsoftware research skills shortages in finance teams and a tight labor market are among the greatest challenges facing finance leaders today.
Microsoft Dynamics 365 Business Central and Dynamics 365 Finance and Supply Chain Management both deliver a solid platform for organizations to organize, analyze, understand, and manage their financial data. However, it falls short in some ways when it comes to financial and operationalreporting, and planning, budgeting, and forecasting.
Keith’s appointment comes at a critical time, where against the backdrop of a recovering economy, finance teams’ roles have shifted from one focused on past performance reporting, to a strategic one influencing how businesses operate through key business data. About insightsoftware. About insightsoftware.
Spreadsheet Server now empowers Infor FSM users to do more with less by streamlining reporting from all data sources to close books more quickly, shrink planning cycles, and accelerate the creation of customized reports.
How Financial Reporting Can Help. Your finance teams need to have this cost data to produce accurate balance sheets or cash flow forecasts. Business and professional services firms can reduce the complexities of accessing data required to optimize costs through financial and operationalreporting.
A recent survey by insightsoftware and Hanover Research reported 63% of IT decision makers find that finance is either very- or over-reliant on the IT department for operationalreporting. About insightsoftware insightsoftware is a leading provider of reporting, analytics, and performance management solutions.
Expanding our capabilities in operationalreporting and analytics was a top priority for insightsoftware in 2021,” said Jim Triandiflou, CEO of insightsoftware. Acquiring Logi Analytics a few weeks ago was a big step in this direction.
Most companies, regardless of their size, rely upon debt financing to ensure that the bills get paid on time, that inventory levels are adequate, and that they can pay their employees promptly. Many of the measures on a debt covenant report can be helpful in forecasting future earnings and comparing performance to historical numbers.
While JD Edwards transactional data is required to run period close reports, analyze trends, and prepare forecasts for planning and budgeting, it comes with a lot of complexity. But how can finance departments provide this kind of information at speed? 1 – What are all your reporting needs? . Each table can be huge.
. – February 20, 2020 – insightsoftware , the global leader in enterprise resource planning (ERP) and enterprise performance management (EPM) reporting solutions, today announced it has acquired financial planning and tax software provider Longview. Terms of the deal were not disclosed. Visit insightsoftware.com for more information.
. – September 10, 2020 – insightsoftware, a global provider of enterprise software solutions for the Office of the CFO, today announced it has acquired Viareport , a financial software provider that delivers cloud-based financial consolidation, lease accounting, reporting, and forecasting solutions. About Viareport.
Cash flow projections (also known as cash flow forecasting ) is the process of estimating and predicting the cash inflows, cash outflows, and cash balance a business can expect over a specific period of time, typically in the short- to medium-term.
Healthcare is forecasted for significant growth in the near future. Head of Sales Priorities Make quota Get an accurate forecast Beat the competition Expand market share Facilitate customer success Connect the Dots Remember that the sales team is on the front lines.
From recessions to booms and everything between, the finance landscape has changed immensely since the turn of the century. However, due to factors like insufficient use cases, lack of necessary technical skills, low-quality data, and a general reluctance to embrace new technology, the finance industry has been slow to adopt AI.
The same can be said for finance teams as they work on operationalreporting. The most skilled finance professionals still need the right tools to get the job done well. Only 23 percent are able to produce all the operationalreports required. A Quick Overview of the State of OperationalReporting.
As leaders reevaluate the agility and resilience of their organizations, they need accurate, timely operationalreports that provide real insight into the inner workings of their businesses. The task of creating those reports falls onto the shoulders of finance teams that are sometimes already struggling to manage a heavy workload.
Eighty-nine percent of financial professionals across multiple geographies and industries are dissatisfied with their operationalreporting tools. What Is OperationalReporting? We queried 500 finance decision-makers across multiple regions and industries to understand the operationalreporting landscape.
Although Oracle E-Business Suite (EBS) provides a centralized hub for financial data, the manual process of exporting data into spreadsheets is both time-consuming and prone to errors, forcing finance teams to spend considerable time verifying numbers. How do you ensure greater efficiency and accuracy for your financial reports?
Finance teams are increasingly being asked for timely, recurring operationalreports 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.
But even with the advantages it offers, finance teams still grapple with growing skills gaps that prevent them from successfully completing essential tasks. Several specific skill areas are in high demand within finance teams that use Oracle ERPs like JD Edwards.A
There’s no doubt that Finance is one of the most critical and challenging sectors to work in. 2023 has been a unique year for Finance–although organizations celebrated recovery from the COVID-19 pandemic last year, their celebrations were short-lived. Counter-intuitively, reduced budgets often mean more work for finance teams.
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. Here, we discuss three ways finance teams can cope with constant changes to the supply chain. Inability to properly budget and forecast. Break Down Silos.
Recent global crises have permanently changed the face of finance. In the wake of these changes, the finance function has transitioned to a more forward-looking approach as well. Tangibly, this means more planning, more accurate and deeper forecasting, and more strategic decision-making based on real-time reporting.
By focusing on system and data alignment and equipping Oracle-powered finance teams with autonomous, efficient tools, organizations can smooth the transition and keep disruptions to a minimum. Here are five strategies to help you stay proactive and prepared throughout the migration process: 1.
If you are continually juggling finances to make sure you keep enough money in the bank, your profit margins may be too slim. Operating cash flow gives you an idea if you can afford capital improvements or expansions, particularly if you need to invest in more labor, machinery, or software. Cash Flows From Financing.
Accuracy of Forecast Demand. Forecasting is a crucial part of reporting. The accuracy of the forecast metric gives you an idea of how confident you can be in your projections of how well a particular item will sell. Accuracy of forecast demand = [(actual demand – forecast demand) / actual demand] X 100.
Next year, finance teams utilizing SAP will face unparalleled pressure due to a confluence of economic challenges. These adversities heighten the necessity for finance professionals to adeptly translate raw data into strategic guidance. The same report found that recently a new set of obstacles has emerged for finance teams.
Enter operationalreporting, the change agent in our story. In the past year alone, a staggering 66% of IT decision-makers have witnessed a surge in requests for operationalreports. Recent findings highlight the increasing importance of operationalreporting and the significant impact it has on organizations.
With so many versions of EBS within Cummins, joining the various tables was difficult and prohibited end-users from accessing information required for reporting purposes. Enhance Your OperationalReporting Needs with Angles for Oracle. OperationalReporting Confidence With Angles and Wands for Oracle. Download Now.
Finance professionals often stick to proven methods, understanding that disrupting established systems can jeopardize time-sensitive financial processes. How do you embrace finance transformation without downtime or a steep learning curve? Here, we discuss three ways to smoothly transform your finance strategy.
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