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Why Finance Teams are Struggling with Efficiency in 2023

Jet Global

And on the other, internal pressures like the need for more frequent, accurate forecasting force CFOs to re-evaluate their existing tools and processes. 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.

Finance 52
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Global Finance Teams Falling Behind in Digital Transformation, According to Report from insightsoftware and Hanover Research

Jet Global

Finance teams’ top three responsibilities remain consistent with 2021 findings – financial planning and analysis was the number one area noted by respondents (64%), followed by financial modeling (57%), and budget and forecasting (47%). insightsoftware’s 2022 Finance Teams Trends Report was developed in coordination with Hanover Research.

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Digging for Gold: How to Unearth Hidden Working Capital Issues with Real-Time Reporting Tools

Jet Global

You must often mark down or liquidate obsolete items, and the more inventory you have, the higher the risk of that happening. A good ERP system can go a long way toward optimizing inventory management with accurate demand forecasting, effective control over quantities and locations, and improved processes for managing inventory.

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Debt Covenant Reporting: A Quick Guide

Jet Global

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.

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Make Sure You Know The Difference Between Strategic, Analytical, Operational And Tactical Dashboards

datapine

Dashboards often are the best way to gain insight into an organization and its various departments, operations and performance. Well-built, focused dashboards easily serve up summaries and reports of the BI that’s most critical to the organization. Exclusive Bonus Content: Download Data Implementation Tips!

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SOX Compliance Guide

Jet Global

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. In order to foster a culture of compliance, organizations should focus on ongoing monitoring and risk assessment.

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Use Automation and Analysis to De-Fog Your Supply Chain

Jet Global

Many operational reporting teams remain buried under static PDF reports or rigid native ERP functionalities. But don’t take our word for it, here are some shocking stats from our recent operational reporting research report : 71% of IT teams spend an entire day every (+7hrs) week on operational reports.