Synapse services are powerful tools for bringing data together for analytics, machine learning, reporting needs, and more. Synapse services serve the purpose of merging data integration, warehousing, and big data analysis together with the goal of gaining a unified experience to ingest, prepare, manage, and serve data for business intelligence needs.
More and more companies are migrating their enterprise resource planning (ERP) to the cloud. It relieves them of the burdens typically associated with installing and maintaining complex software systems, and it’s arguably more secure because it’s monitored 24/7 by dedicated experts. There is no question that cloud-based ERPs like NetSuite, Epicor, Microsoft Dynamics, and Oracle Cloud are gaining steam. Rolling out a new ERP system can be highly disruptive to your organization, though.
Businesses around the globe are struggling to do more with less as budgets tighten, uncertainty looms, and talented workers can be scarce. At the same time, the finance function is emerging as a strategic pillar in many organizations. Companies are generating more data than ever before, and it’s falling on the finance team to make sense of the meaning behind all those numbers.
The beauty of enterprise resource planning (ERP) software is its ability to provide a central view of your organization’s financial, operational, and business data. It automates repeatable tasks, streamlines your ability to create reports and analyze data, and sheds clarity on sales, marketing, human resources, supply chain management, and even manufacturing.
Whether you work in a hospital, long-term care facility, clinical lab, or a HealthTech company, all workers in the healthcare sector today are focused on value-based care and cost efficiencies. For organizations intent on streamlining processes, an analytics tool is the logical next step. Undoubtedly, embedded analytics solutions deliver the best outcomes.
One element that rings true in the world of analytics is that it is everchanging. Chief Data Officers and business leaders must stay abreast of key trends so their organizations don’t miss out on its benefits. A relatively new buzzword in the embedded analytics arena was coined by thought leader Howard Dresner, who serves as Chief Research Officer of Dresner Advisory Services.
In the restaurant industry, they say that you’re only as good as your last meal. The same is true with technology. You have to keep up with the latest and be the greatest to remain competitive. It is a dynamically changing industry, and staying ahead of key trends is of the utmost importance. The most recent talk is around a new concept described as “composable analytics.”
The smart pairing that will turn your numbers into dynamic C-level insights Financial and tax management has evolved enormously since the advent of computational technology. These days, you can’t just get by on spreadsheets and ledgers – everywhere you look you’ll hear the buzz of the age of automation. Your data needs to be sophisticated, offering essential storytelling to help support strategic insights.
Automation is your key to success in Finance and this includes your close. Anyone who has been through a close knows a clunky one is painful, and it arrives routinely whether you are prepared or not. A recent survey by Hanover Research found that a staggering 49% of Finance professionals felt unable to execute their tasks completely because their current manual processes were too time consuming. And those manual processes impacted their ability to execute essential tasks efficiently and effectively.
Whether your goal is to leverage the newest technology or to stay up to date with your Oracle ERP, migrating to the cloud is a complex, but worthwhile undertaking. It requires time to install, train, and embed new processes, but the effort is rewarded by the ability to leverage more agile workflows and increase ROI. Although many companies run their own on-premise servers to maintain IT infrastructure, 48% of organizations already store data on the public cloud.
As the need for greater interactivity and data access increases, more and more companies are making the move to adopt cloud computing. Microsoft is investing in and pushing customers towards its cloud ERP offering, Dynamics 365 Business Central (BC), which is experiencing a staggering 200% annual growth rate. But the significant hurdles posed by cloud migration can make it a daunting task to consider.
Growing companies rely on equity-based compensation to attract and retain top talent. They must also comply with stringent regulations regarding financial reporting and disclosures. It’s common practice in many startups–and even in some more mature public firms–to make do with manual processes and low-cost solutions for managing disclosures and cap tables. As a company grows, however, the complexity surrounding these processes increases.
Reporting is more important than ever. Long gone are the days of filling out excel sheets at year end and filing them away into oblivion, never to be seen again. The reports you file now, are not only more transparent than ever, but they have much more impact in the future and trends of your business than ever before.
Business intelligence empowers businesses to get the most out of their data by providing tools to analyze information, streamline operations, track performance, and inform decision-making. In the Microsoft Dynamics ecosystem, Power BI generates easy-to-read visualizations that help stakeholders perform key analysis. But finance professionals can encounter roadblocks when seeking deeper analysis than their technical knowledge of Power BI permits.
Being a finance professional is stimulating and rewarding, but it comes with a set of unique challenges. The accuracy and timeliness of information is essential, yet for most organizations, the volume and complexity of financial information is growing continuously. Simply working harder doesn’t seem to solve the problem; finance professionals must work smarter, applying the right tools to get the job done quickly, efficiently, and accurately.
Thousands of enterprise ERP customers have discovered the convenience and flexibility offered by insightsoftware’s Wands products. If you’re currently running any of the Wands for SAP solutions, you should know about some recent updates to the product line that will enhance your team’s productivity, increase the options available for calendar-year reporting, and improve the underlying technology on which the Wands products are built.
You simply cannot afford to get equity management wrong. Investors and employees expect precision. You must create accurate tax records. As your company scales, compliance often grows more complex. SEC, FASB, and IFRS regulatory requirements frequently introduce complexities that make equity management especially challenging. Many companies are tempted to simply go with a broker solution. After all, several of the larger brokerage houses offer inexpensive or even free equity management solutions.
In today’s highly competitive hiring market, aggressive growth companies are doing everything they can to attract and retain top talent. That means offering equity compensation plans that incentivize performance and encourage the best people to stay on board for the long haul. Equity management can get complex quickly, especially as a company scales up.
The provisioning of software and services that help companies grow is the end goal of Human Capital Management (HCM) organizations around the world. Software specialists in this space ensure that their clients are in compliance with Human Resources (HR) laws and dispel the need to hire full-time, back-office staff. The delivery of these specialized services has changed in recent years. Many providers of HCM transmit via the cloud and on a subscription basis.
Imagine the following scenario: You’re building next year’s budget in Microsoft Excel, using current year-to-date actuals that you exported from your enterprise resource planning (ERP) software. You also have this year’s approved budget on hand for reference. During this process, you notice that maintenance and repair expenses were especially high in June and July. That increase wasn’t in the budget, but maybe you should budget for it next year.
