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 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.
By connecting solutions across the insightsoftware portfolio, organizations can now choose the capabilities they need for effective reporting, controllership, and budgeting and planning, while improving productivity, user experience, and reducing implementation risk. Good things happen when you’re well connected.
Although Microsoft’s rollout of its two ERP cloud products (D365 F&SCM, and for smaller businesses, D365 Business Central) has been going on for some time, the current climate of economic uncertainty has prompted a lot of companies to hit the pause button on migration, choosing instead to stay the course with their existing Dynamics AX systems.
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.
The Impact of Market Uncertainty This year, Finance decision-makers are feeling pressure from both internal and external sources. And manual processes increase the likelihood of reporting mistakes. With heightened scrutiny on organizations and leaders, organizations can’t afford such a high risk of error.
Due to the Infrastructure Investment and Jobs Act of 2022 in the United States, nonresidential construction is expected to continue expanding despite expected uncertainty in 2023. According to Oxford Economics’ Future of Construction Report , the construction market is expected to grow by $4.5 trillion worldwide by 2030.
The 2020s have been a decade marked by uncertainty. The uncertainty we’ve faced these past few years doesn’t appear to be going away anytime soon, and businesses need to be able to not only respond quickly to change, but to actively plan for it.
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.
Financial reporting, operationalreporting, 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. Risk and compliance issues that may impact certain actions or decisions.
But you can mitigate risks of business cash flow problems by having the right tools at your side. Poor cash flow can prevent your company from being agile, which can hinder your opportunities to make investments, buy a competitor, or avoid risks. It allows a business to control the risk of not being paid on time or at all.
Siloing comes with its fair share of risks, such as: Disconnect between departments. The popular product is at risk of selling out, preventing the organization from earning additional profit and harming customer relations. Supply chain uncertainty isn’t going anywhere. Inefficiency. Sub-par customer service.
Understanding evolving market conditions and consumer behaviors in EMEA remains crucial for capitalizing on emerging opportunities and mitigating risks in this dynamic and competitive landscape. Here, we discuss how factors like market uncertainty and IT dependence impact finance teams throughout EMEA. Request a demo today.
Inflation, economic uncertainty, and swiftly-changing regulations significantly impact finance professionals. Manual data exports dramatically increase the risk of error, and often the analysis is out of date by the time it reaches your stakeholders. Finance teams are no strangers to pressure.
We’re also seeing greater volatility in global events, uncertainty in global trade policies, and more. The reputational risks associated with regulatory audits and last minute scrambles to complete tax returns are too great, and the upside for truly managing the ‘data behind the numbers’ is now simply too large to ignore.
Uncertainties in supply chains and operational disruptions, caused by global events, can affect the assessment of risks and uncertainties. Furthermore, changes in credit availability and financing conditions might need to be explained to shed light on liquidity and funding risks.
As a European organization with US operations, or a US-based company that operates in multiple states, you are now facing an increasing demand for state-by-state provision reporting, rather than the traditional blended rate method.
Market uncertainty is another important factor explaining this decline. Oftentimes, you’ll need to quickly generate a report, but it gets held up in IT, which must prioritize other critical tasks before the team can address reports for Finance. Of those surveyed, 81% use native reporting tools, and 62% face challenges with them.
If any one word could encapsulate 2023, it would be “uncertainty.” Finance leaders are excited about the productivity gains GenAI can provide but also wary of potential security risks. For most of the year, finance teams have been preparing for a recession that never quite reached the heights (or depths) heralded by the media.
These solutions empower finance teams to leverage finance transformation with the help of technology, shifting focus from manual work to high-value activities like analyzing your SAP data in detail and performing risk analysis, all while answering questions from leadership more quickly and efficiently.
The cloud offers numerous benefits, including scalability, flexibility, and cost savings, but the uncertainty surrounding data security protocols and potential vulnerabilities can cause hesitation. Entrusting your sensitive data to a cloud environment can be a leap of faith.
With inflation squeezing payrolls and traditional stock options losing their luster, ESPPs provide a tangible opportunity for employees to share in company success and hedge against financial uncertainties. This integration reduces the risk of errors and ensures that participant contributions are seamlessly deducted from payroll.
Sustaining growth amidst economic uncertainty demands immediate, clear insights from your SAP data to inform strategic decision-making. The aftershocks of pandemic disruption continue to put pressure on supply chains, increasing the need for robust oversight to maintain operational stability and customer satisfaction.
Other elements of change include IFRS 16/17 and parallel modifications to lease accounting under US GAAP, political uncertainty, a push toward higher tax rates and increased enforcement, and rising inflation. To avoid the headaches of audits or hefty fines, break the cycle of manual reporting. Prioritize policy over numbers.
Continued uncertainty about the future prompting them to retire earlier than they might have otherwise. This process carries a high risk of manual error. You must adjust formulas, and if you happen to overlook anything, you may end up with a report or analysis that’s simply wrong.
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