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—April 11, 2022— insightsoftware , a global provider of reporting, analytics, and performance management solutions that drive greater financial intelligence, today expanded the Angles product line , with the launch of new solutions for no-code operationalreporting for NetSuite and Deltek. Angles streamlines the process.
Operationalreports have the potential to greatly enhance business performance through the utilization of data-driven insights. These reports offer a structured and comprehensible representation of data, enabling a clearer understanding of complex issues that might otherwise remain elusive. What Is An OperationalReport?
The expansion addresses major pain points for organizations, including the fact that nearly 90% of professionals face challenges with their reporting tools and rely heavily on IT support. This data is gleaned from a report from insightsoftware and Hanover Research: The OperationalReporting Global Trends Report.
Cloud-based, real-time online data visualization software enables fast, data-driven action by decision-makers. Before you run off to the dashboard printing presses, we mean data visualization software, let’s talk about using the right ways to build and use dashboards. b) Customer service operational metrics dashboard.
That said, there are various types of reports that can be used for different purposes, rather you want to track the progress of your strategies or stay compliant with financial laws, there is a different report for each task. Your Chance: Want to test a modern reportingsoftware for free?
Many software vendors have been shifting to a cloud-first approach to developing, deploying, and selling their software. For the past several years, Microsoft has been refining its portfolio of ERP and CRM business software to fit with a cloud-centered approach. ERP is no exception.
Over the past few years, software vendors moved their applications to the cloud. Perhaps more importantly, it provides an opportunity for the organization to implement measures in advance that can reduce risk, lower costs, and improve the end result. Review Third-Party Software. Start with a Functional Review.
Decision makers increasingly require financial statements on a more regular basis to gain better business visibility, as well as meet external reporting requirements. Reportingsoftware is more critical than ever. Unfortunately, most ERP software does a poor job of producing consolidated financial reports.
However, it falls short in some ways when it comes to financial and operationalreporting, and planning, budgeting, and forecasting. This enables partners to meet the data needs of the office of the CFO within their customer base while creating a new, more profitable, low risk revenue stream. Increased Risk of Data Inaccuracies.
Unfortunately, Power BI is poorly suited to financial and operationalreporting. Business leaders should be clear about the risks before going ahead with a full-stack Power BI implementation. Now More Than Ever, Reporting Is Critical. The insightsoftware Advantage.
Most modern cloud-based software (including Microsoft D365 BC) operates on a multi-tenant model, in which a single database server in the Cloud may host information from multiple customers. Naturally, most companies will want the capability to include that kind of additional information in financial and operationalreports.
This highlights the pressing need to automate and streamline processes to reduce manual data entry and mitigate risk of error. In the moment, data errors can seem trivial, especially if caught early before reports have been distributed. Increase security and reduce risk.
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. This continued ineffective and disjointed reporting results from siloed data that can prevent real-time collaboration and impactful conclusions.
As far back as 1998, they were pioneering the software as a service (SaaS) revolution that now dominates today’s tech landscape. For example, NetSuite makes it possible to generate reports on enterprise performance, but it doesn’t necessarily optimize the reporting process. Spreadsheet Server does.
One of the chief complaints that we hear over and over again from business executives is that they still struggle to get clear, accurate, and timely information out of their business software systems. Stock Reporting Tools Just Aren’t Good Enough. Think about the various software platforms your organization uses.
Zoom, GoToMeeting, and other software solutions are enabling a rush to embrace online meetings. In the world of finance and accounting, CFOs are discovering the merits of finance-owned reporting tools. This helps your business keep a clear sense of costs, forecasts, and more no matter where in the world individuals are operating from.
But let’s cut through the theoretical debates and get down to real brass tacks: There actually is a straightforward way to separate reporting from BI for companies using ERP software, and you need to make sure you are doing something about it. Understanding how the infrastructures contrast is arguably the most important.
By producing accurate and timely debt covenant reports, your company can mitigate any risks related to non-compliance, avoid default on your obligations relating to debts, and fend off any untimely events that could adversely affect your organization’s ability to operate at optimal efficiency.
For the accounting department in particular, the ability to collect and collate information, analyze that data, and produce accurate financial and operationalreports quickly has never been more important. Next, prioritize those activities based on materiality and risk. Who is responsible? Which information systems are involved?
As a cloud-based solution, it offers near real-time, on-demand access to an organization’s operational and financial data and converts that data into one unified form. Users can focus on analyzing the data rather than collecting it, ultimately saving time and money, and lowering overall risks. About insightsoftware.
If you work in a finance team within a construction business, it’s likely your main goals are to reduce risk, improve profitability, and maintain exceptional levels of compliance. But manually creating reports in this way can be time consuming and labor intensive. Thirty percent of Viewpoint customers are using Crystal Reports.
Custom software projects often end up going down this road. When it comes to financial and operationalreporting, success or failure will often depend on the overall approach you take for business intelligence. As a result, every organization ends up customizing its reports to some extent.
The data products used inside the company include insights from user journeys, operationalreports, and marketing campaign results, among others. In addition, smava added new staging environments in the Business Vault to develop new data products without the risk of interfering with existing product pipelines.
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.
Commercial vs. Internal Apps Any organization that develops or deploys a software application often has a need to embed analytics inside its application. This includes commercial software and SaaS providers who are serving the analytical needs of their paying customers. IT is responsible for driving user adoption of their application.
In 2018, Microsoft launched Microsoft Dynamics 365 Business Central or Microsoft D365BC, a new Cloud-based ERP solution designed to replace previous versions of the software. Out-of-the-box reporting tools for Microsoft D365BC are not built to be finance-friendly, and often customizations are required for operationalreporting.
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.
In this modern, turbulent market, predictive analytics has become a key feature for analytics software customers. But we’re also seeing its use expand in other industries, like Financial Services applications for credit risk assessment or Human Resources applications to identify employee trends.
Understanding the current infrastructure, potential risks, and necessary resources lays the groundwork for an efficient transition. Real-time data access means project leaders can swiftly adjust plans in response to evolving circumstances, maintaining operational efficiency and minimizing disruptions.
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. Security Vulnerabilities Outdated software no longer receives critical updates or patches, leaving it exposed to cyberattacks.
Organizations that maintain SOX compliance support confidence in financial markets by operating within a framework that mitigates the risk of corporate fraud and strengthens the integrity of financial reporting. Implementing an ERP system or EPM software will automate much of the SOX compliance checklist.
Watch an on-demand webinar about why last-changes to reporting can be a thing of the past. But it’s important to note that it’s not just external regulatory reporting that you can improve by investing in disclosure management software. Lender Reporting. Function Reports. Industry Specific OperationalReporting.
Here are some board report best practices to follow that can help you create a report that resonates with members, as well as tips on how to leverage the power of board reportsoftware to help streamline your reporting. Executive Dashboards and Reports in Five Minutes. What Is a Board Report?
However, many other tasks still require a high level of manual effort due to limitations in automation, increasing inefficiencies, and the risk of mistakes. Some tasks, such as account reconciliation (38%), ad-hoc custom reports (33%), or data entry (30%), are still conducted manually.
They are the driver of every global company, manufacturer, and supplier, but they are increasingly susceptible to adverse risks. Without purpose-built supply chain reporting technology, managers of these processes who are using polluted SAP data are often unaware that it is even polluted. Hidden Do you resell software?
But you can mitigate risks of business cash flow problems by having the right tools at your side. How to Select Budgeting Software. You already know that you have regular monthly overhead that doesn’t change of about $95,500, including rent, software fees, payroll, and utilities. How to Calculate Operating Cash Flow.
Organizations that use ERP and EPM software are often more successful at supply chain management, as these solutions provide integrated platforms for data management, process automation, demand planning, supply chain optimization, performance monitoring, and collaboration.
With the rise of financial reportingsoftware , many finance professionals rely on automated reconciliation for this vital process. With regular bank account reconciliation, businesses can identify and rectify errors promptly, reducing the risk of financial misstatements and fraud.
Intelligent load balancing further enhances performance by distributing tasks evenly across nodes, reducing the risk of bottlenecks and maintaining a smooth workflow. Without these protective measures, your data infrastructure becomes vulnerable to security risks that could undermine the reliability of your analytics.
By regularly updating and monitoring cash flow forecasts, business owners can proactively manage their bank account cash position, optimize liquidity, and mitigate financial risks. The good news is that downloadable templates and automation software can ease the cash flow forecasting process.
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.
Data Exposure Risks Public AI models require training on external data, exposing sensitive dashboards, proprietary metrics, and client information to unknown entities. With BI, this could mean sharing financial forecasts or customer dataan unthinkable risk. Sensitive data remains protected, enabling advanced analytics without risk.
If the finance industry as a whole wants to experience success in the age of AI, finance teams everywhere need to start investing in automated financial reportingsoftware. How to Embrace These Trends The right software solutions are instrumental for your organization to confidently face the future of finance.
Because ETL tools allow the creation of reusable transformation logic, they’re able to automate the data transformation process, reducing the need for manual intervention and minimizing the risk of human error. new customers, returning customers), supporting targeted reporting on customer behavior. What are the steps of data mapping?
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