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Recognizing a need for better operational analytics, insightsoftware leveraged award-winning technology from Logi Analytics to provide Oracle ERP Cloud users the ability to customize, create, and share interactive dashboards and reports across all departments of a business.
. – April 12, 2023 – insightsoftware , a global provider of reporting, analytics, and performance management solutions, today released new research on the state of operationalreporting. Key findings include: Operationalreporting costs 71% of IT departments, on average, 1 day per week, or $23,730 per year in salary costs.
Emphasis on accurate financial and operationalreporting in order to maintain cash flow is more important than ever. As Event 1 joins insightsoftware, we’re confident the additional resources will enhance the reportingtechnology and support that is available to our shared customers.”. About insightsoftware.
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.
With the volatility of the market and increasing uncertainties that arise within your business, you need actionable insights to contend with competitors buoyed by digital transformation efforts. Unlock insights from ERP Data to Deliver Actionable Insights Let’s face it.
The Impact of Market Uncertainty This year, Finance decision-makers are feeling pressure from both internal and external sources. Adopting new technology can help bridge those gaps, but it doesn’t rank high on finance teams’ priorities. Although organizations are making the most of what they have, efficiency still suffers.
At times like this, having the right technology is critical. If your organization is using Yardi to run your real estate business, then you already have effective systems in place for managing operations, sales and marketing, and core accounting functions. Modern BI tools are generally geared toward data science and visualization.
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.
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.
This year, companies worldwide find themselves navigating constant market uncertainty, needing to accomplish more with less resources, and preparing for a potential recession. Challenge 1: Budgetary restraints Due to market uncertainty, businesses are treating their budgets with more scrutiny.
The focus on innovative technologies and digital transformation is helping businesses gain a competitive edge, while the lessons learned from the pandemic underscore the importance of adaptability and preparedness for future disruptions. The State of Finance in EMEA Finance teams worldwide have been deeply impacted by market uncertainty.
W ith a n advanced operationalreporting solution that delivers proper data analysis , you can put your best foot forward. To overcome these roadblocks and unlock the full potential of SAP data, manufacturers are turning to advanced technologies and emerging trends like ESG.
In periods of economic uncertainty, financial planning and analysis (FP&A) teams become more important than ever. With the right technology investments , FP&A teams can improve budgeting and forecasting accuracy and shorten cycle times, allowing organizations to remain agile and confident in an uncertain market.
If any one word could encapsulate 2023, it would be “uncertainty.” With interest rates still rising, skills shortages still posing a challenge, and the specter of recession still haunting board rooms, CFOs are looking to technology to connect data, build agility, and drive profitability.
Enterprise planning is going mainstream, as powerful yet affordable software technology has provided the means for small and midsize companies to develop highly collaborative, cross-functional approaches to strategic planning, governance, budgeting, operational planning, and more. Automate, Automate, Automate.
We’re also seeing greater volatility in global events, uncertainty in global trade policies, and more. The use of spreadsheets to manage operational transfer pricing can lead to inaccuracies, compliance risk, and/or limited visibility into potential problems at year-end. Overcoming Transfer Pricing Challenges in the Digital Age.
The technology landscape is shifting rapidly as well, compelling leaders to allocate valuable time and attention to keeping up with the pace of change. Continued uncertainty about the future prompting them to retire earlier than they might have otherwise. Empower Your Remote Finance Team with Excel Based Reporting.
With the vast majority of organizations now using some form of cloud technology, it’s no longer a question of if your business will migrate to the cloud but when. Embracing cloud technology will position your business to more effectively automate workflows, optimize costs, and drive value in your organization.
By leveraging financial planning technology, businesses can quickly and easily build real-time cash flow reports that enable them to make informed decisions to support sustainable growth and financial stability. The good news is that downloadable templates and automation software can ease the cash flow forecasting process.
Market uncertainty is another important factor explaining this decline. Recently, insightsoftware and Hanover Research surveyed IT leaders on the state of their OperationalReporting. Of those surveyed, 81% use native reporting tools, and 62% face challenges with them.
However, with the blinding pace of technological change, it becomes nearly impossible to keep up even with the advantages of advanced ERP systems like SAP ECC and S/4 HANA. Navigating your SAP system can be complex, but the right tools can enable reporting and analysis without a steep learning curve.
A Corporate Performance Management solution, can help save time and provide insights so that you’re getting the maximum value from your CFO: Automated Financial and OperationalReporting and Analysis. Create rich and user-friendly reports that save time on manual processes, like manually inputting data into multiple systems.
By leveraging technology that automates tax data collection and processing, your team can produce more accurate reports, reduce risk, and free up time to focus on more strategic initiatives. Preparation is key if you want your processes to remain efficient during the years of regulation change ahead.
What has been made clear is that in times of uncertainty, organizations require effective cash management and cash visibility to help enable corporate strategies. Reports include: cashflow, cash receipt analysis, profitability analysis, balance sheet, cost center analysis, income statement. insightsoftware partnered with?
What has been made clear is that in times of uncertainty, organizations require effective cash management and cash visibility to help enable corporate strategies. Reports include: cashflow, cash receipt analysis, profitability analysis, balance sheet, cost center analysis, income statement. insightsoftware partnered with?
Sage ERPs equip finance professionals with out-of-the-box reporting functionality as a level up from manual reporting, but what if you need more power to navigate through constantly changing regulations and market uncertainty?
The Role of Technology in Adopting BEPS 2.0. Compliance costs are expected to be fairly significant, and uncertainty abounds. Over the next seven years, that threshold would be reduced so that businesses with €10 billion or more in revenue will also be subject to BEPS Pillar One provisions. Download Now. The Rationale Behind BEPS.
Businesses around the globe are struggling to do more with less as budgets tighten, uncertainty looms, and talented workers can be scarce. The answer lies in the smart use of technology. At the same time, the finance function is emerging as a strategic pillar in many organizations.
If you’re looking for long-term growth, you must invest in technology that gives you data-driven insights into your consumer’s behavior so you can build effective business plans that provide accurate, agile forecasts. Get the edge on competitors and help drive revenue growth during the inevitable highs and lows of economic uncertainty.
In most companies, financial reporting consumes an inordinate amount of time and energy. By applying the right technology in the right ways, you can eliminate much of the tedious effort that goes into producing routine reports.
The Role of Technology in Adopting BEPS 2.0. 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. Access Resource. Predicting the (Somewhat) Unpredictable.
The same report found that recently a new set of obstacles has emerged for finance teams. Previous issues such as technology adoption and data constraints have reduced in priority, while budgetary limitations and skill gaps on teams have emerged as more urgent concerns.
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