Finance is a complex field, and so are the laws that govern it. With multitudes of regulations surrounding everything from reporting to data security, organizations can quickly become overwhelmed. insightsoftware is here to help. We’ve created a comprehensive guide to the Sarbanes-Oxley Act of 2002, also known as the SOX Act, to help you understand what’s in the act and why it’s important for your organization to have strong access controls and SOX compliant practices. What is SOX Compliance? The Sarbanes-Oxley Act of 2002 imposes an annual SOX compliance requirement on publicly traded compani ..read more

According to the generally accepted accounting principles (GAAP), a set of accounting principles, procedures, and standards that organizations use to compile their financial statements, account reconciliation provides accuracy and consistency in financial accounts. Put another way, reconciliation accounting is an accounting process that compares two sets of financial records to check that the figures are correct and in agreement. Account reconciliation also confirms that each general ledger account is consistent, accurate, and complete. While account reconciliation is one of the most important ..read more

Logi AI and SaaS-based deployment enable organizations of all sizes to accelerate data-driven application experiences and customer engagement RALEIGH, N.C. – April 25, 2024 – insightsoftware, is a global provider of comprehensive solutions for finance, accounting, and operations teams, today announced new AI and SaaS capabilities for Logi Symphony, its flagship embedded business intelligence and analytics (ABI) software suite. Logi Symphony powers thousands of enterprise products, helping product leaders deliver richer data-driven application experiences. The addition of Logi AI revolutionizes ..read more

In the rapidly-evolving world of embedded analytics and business intelligence, one important question has emerged at the forefront: How can you leverage artificial intelligence (AI) to enhance your data analysis? According to insightsoftware and Hanover Research’s latest Embedded Analytics Report, developers see AI as the most important trend of the next five years. And embedding AI into analytics isn’t just about providing data insights, it’s about delivering information in a relevant and actionable way. Imagine having an AI tool that answers your questions with a deep understanding of the co ..read more

You’ve just decided to start using Qlik within your team. Amazing! It’s an exciting step on your BI journey – from here, your business decisions will become more data-driven, and your team will be more empowered than ever to understand your business analytics. While adopting Qlik within your team will undoubtedly make your BI processes more efficient, that doesn’t mean that implementing this solution isn’t without its challenges. As with any new platform or technology, your team will have to get up to speed with Qlik to ensure that everyone is able to get the most from the tool. When it comes ..read more

Companies that offer products to their customers demand analytics, all while juggling multiple priorities. Customers expect rapid value from your product (time-to-value), unwavering security of their data, and access to advanced analytics capabilities. All this occurs within a highly competitive market where differentiation is key to success. While maintaining the core functionality of your offering is essential, neglecting these differentiating features can negatively impact customer retention. Embedded analytics offers a strategic solution to this challenge. By seamlessly integrating industr ..read more

Over the past few years finance has played an increasingly strategic role within the wider organization, becoming the go-to team for actionable insights. Now longer a siloed unit, your finance team has been saddled with the unenviable task of navigating the organization through rough waters. Constant market changes have increased pressure on faster, more accurate forecasting and reporting to inform rapid decision-making. You now must connect organizational data and enable agility across all relevant stakeholders if you hope to achieve profitability. Knowing this, your financial planning and an ..read more

Today’s finance teams are under more pressure than ever before. Finance is responsible not only for comprehensive financial and operational reporting, but also for accurate data analytics and precise accounting. Unfortunately, a shortage of qualified talent means that finance teams are struggling to fulfill this role in a timely manner. More than 40% of finance leaders report that skills shortages are a major challenge to their productivity and efficiency. This shortage exacerbates the challenges faced in disclosure management, where accuracy, compliance, and timeliness are paramount. Disclosu ..read more

Unified budgeting and planning solution enables creation of more accurate, timely plans within a familiar application, delivering more impactful analysis across the organization RALEIGH, N.C. – April 10, 2024 – insightsoftware, the most comprehensive provider of solutions for the Office of the CFO, today announced the launch of Power ON’s Budget Planner, a complete budgeting and planning solution that helps organizations create unified and structured budgets within Microsoft Power BI. Budget Planner consolidates the entire budgeting process into a single, centralized hub, eliminating the need ..read more

Over the past several years, many organizations have shifted their technology focus to the cloud. From a technical perspective, that has required a delicate balancing act, managing tradeoffs between the old and the new. Business leaders have sought to minimize the level of disruption their teams face while modernizing business applications, increasing integration, and adding important new functionality. At some point, though, that process reaches its natural end. Modernizing legacy applications requires significant investment, with diminishing returns. To accomplish the key technical objective ..read more