Despite the transformative potential of AI, a large number of finance teams are hesitating, waiting for this emerging technology to mature before investing. According to a recent Gartner report, a staggering 61% of finance organizations haven’t yet adopted AI. Finance has always been considered risk averse, so it is perhaps unsurprising to see that AI adoption in finance significantly lags other departments. This untapped potential suggests a significant opportunity for those willing to embrace AI and gain a competitive edge through intelligent automation and data-driven financial insights. Or ..read more

Unlocking the power of AI within SAP for your team requires overcoming a significant hurdle: data accessibility. SAP data’s complexity, spread across various modules, creates silos of information that your team might struggle to understand and utilize effectively. Inaccessible or misaligned SAP data will hinder your AI system’s ability to learn and deliver valuable results specific to your organization. The key lies in making data accessible and understandable for your users. Solutions exist that translate SAP’s complex structures into a user-friendly format tailored for your team. No more wre ..read more

Leading European analyst firm recognizes insightsoftware’s finance and accounting solutions in latest market assessments RALEIGH, N.C. – May 2, 2024 – insightsoftware, the most comprehensive provider of solutions for the Office of the CFO, today announced it has been named a Market Leader in the BARC Score Financial Performance Management (FPM) DACH report. Within the report that reviews the top vendors in FPM, IDL from insightsoftware retained its DACH region Market Leader position for the sixth year in a row. In addition to this achievement, insightsoftware has also been named a Challenger i ..read more

Embedding analytics into your application? New browser restrictions are on the way for Google Chrome that can block some third-party content that uses cookies from being accessible to users by default, in addition to restrictions in Safari and Firefox you may have already seen. What’s changing? Google is planning to phase out third-party cookies for Chrome users in 2024. What does this mean for my application? If the application or service you are embedding into your product (or other applications) relies on cookies and is hosted on a different domain, it may stop working. This will be a commo ..read more

The ever-growing threat landscape of hackers, cyberattacks, and data breaches makes data security a top priority, especially when integrating analytics capabilities directly into customer-facing applications. To make informed decisions, it’s crucial to understand how embedded analytics platforms function from a security standpoint. While these platforms secure dashboards and reports, a hidden vulnerability lies within the data connector. This connector acts like a master key, granting the platform access to your entire database, even if users only see a limited portion of the data. The usernam ..read more

For finance professionals, daily tasks like budgeting, forecasting, and reporting can feel like wading through a swamp of disconnected data. If your information lives scattered across ERPs, CRMs, modern data stacks, and other systems, analysis becomes a time-consuming struggle. Historically, this was simply the price of doing business for the finance team. However, advancements in technology have opened the data floodgates, granting finance access to a far greater range of data sources. While this oversight has earned them a seat at the strategy table, the technological landscape is more compl ..read more

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