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Why Finance Teams are Struggling with Efficiency in 2023

Jet Global

The results are in–for the third year in a row, insightsoftware has partnered with Hanover Research to deliver our yearly Finance Team Trends Report. Comparing results across the years shows an incredible journey for finance teams across the globe. Here, we discuss the top trends for finance teams this year.

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

Jet Global

Data show increased digital efficiency across most finance functions, but expanding responsibilities and diminishing resources create new challenges. July 21, 2022 – insightsoftware , a global provider of reporting, analytics, and performance management solutions, today launched its annual Finance Team Trends Report.

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

Jet Global

When a cash crunch hits, the business managers who have optimized working capital will be better positioned to survive the crisis without resorting to costly financing, liquidating assets at the wrong time, or other desperate measures. In most companies, sales and finance have conflicting goals. Lever 3: Accounts Payable.

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Improving Cost Management in Business Services with Financial Reporting

Jet Global

Without effective record keeping, business and professional services firms run the risk of damaging hard won, trusted relationships with their clients, which can ultimately result in a loss of business and reputation. How Financial Reporting Can Help. How Data Access Facilitates KPI Reporting. Cost Management Challenges.

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Debt Covenant Reporting: A Quick Guide

Jet Global

Most companies, regardless of their size, rely upon debt financing to ensure that the bills get paid on time, that inventory levels are adequate, and that they can pay their employees promptly. Many of the measures on a debt covenant report can be helpful in forecasting future earnings and comparing performance to historical numbers.

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The Connect Effect: Transforming Employee Experience

Jet Global

This is especially prevalent among finance departments. 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 operational reporting. More specifically, data silos remain one of the biggest barriers to innovation.

Finance 59
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A Guide To The Top 14 Types Of Reports With Examples Of When To Use Them

datapine

With the use of the right BI reporting tool businesses can generate various types of analytical reports that include accurate forecasts via predictive analytics technologies. Let’s look at it with an analytical report example. They are typically short-term reports as they aim to paint a picture of the present.

Reporting 201