Posts – insightsoftware Tue, 07 Nov 2023 22:34:09 +0000 en-US hourly 1 https://insightsoftware.com/wp-content/uploads/2022/02/cropped-isw-favicon-32x32.png Posts – insightsoftware 32 32 insightsoftware Ranked in 2023 Deloitte Technology Fast 500™ Fastest-Growing Companies in North America for First Time in History https://insightsoftware.com/blog/insightsoftware-ranked-in-2023-deloitte-technology-fast-500-fastest-growing-companies-in-north-america-for-first-time-in-history/ Wed, 08 Nov 2023 10:01:21 +0000 https://insightsoftware.com/?p=354710 Global hyper-growth company attributes 333% revenue growth to acquisition strategy, consolidating organizational data to round out one of the broadest reporting, analytics, and performance management solution sets available RALEIGH, N.C, ​​Nov. 8, 2023 — insightsoftware today announced it earned No. 382 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, […]

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Global hyper-growth company attributes 333% revenue growth to acquisition strategy, consolidating organizational data to round out one of the broadest reporting, analytics, and performance management solution sets available

RALEIGH, N.C, ​​Nov. 8, 2023insightsoftware today announced it earned No. 382 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 29th year. The global provider of reporting, analytics, and performance management solutions grew 333% in the last three years.

insightsoftware’s Chief Executive Officer, Mike Sullivan, credits the company’s hyper-growth to its ability to create, connect, and grow products and solutions for the office of the CFO. He said, “Businesses have endured a lot these last three years. This has evolved the role of finance teams, putting them in the driver’s seat to guide businesses through complex economic climates. Since the inception of insightsoftware five years ago, we’ve grown organically and inorganically with solutions that provide organizations with the ability to make better and faster business decisions. We’ve strategically connected and grown this comprehensive product suite to meet nearly every financial analytics and reporting requirement to stay ahead of market trends and competitive threats. Our growth aspirations are fueled by our commitment to give finance teams more time to analyze data instead of questioning or wrangling it.”

“Each year, we look forward to reviewing the progress and innovations of our Technology Fast 500 winners. This year is especially celebratory as we expand the number of winners to better represent just how many companies are developing new ideas to progress our society and the world, especially during a slow economy,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “While software and services and life sciences continue to dominate the top 10, we are encouraged to see other categories making their mark. Congratulations to all the winners who show us how creativity, hard work, and perseverance can lead to success.”

“As a growing company, it’s always rewarding to be recognized for the ongoing commitment it takes to navigate obstacles, transform when necessary and ultimately create a thriving business,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Over the nearly 30 years we’ve been compiling the Technology Fast 500, we’ve seen new categories emerge, growth rates explode, and certain regional markets shine from the bright talent they attract. We are proud of all the winners for achieving this well-deserved honor.”

About the 2023 Deloitte Technology Fast 500

Now in its 29th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2019 to 2022.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About insightsoftware

insightsoftware is a global provider of reporting, analytics, and performance management solutions that unlock the potential of business data and transform the way finance and data teams operate. We empower leaders from over 32,000 organizations to make timely and intelligent decisions. Our comprehensive solutions span Financial Planning and Analysis (FP&A), Controllership, and Data & Analytics. We deliver finance teams the insights required to navigate any economic climate and drive greater financial intelligence, while increasing productivity, visibility, accuracy, and compliance. Learn more at insightsoftware.com.

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 457,000 people worldwide connect for impact at www.deloitte.com.

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Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

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What’s Top of Mind for CFOs Heading into 2024 https://insightsoftware.com/blog/whats-top-of-mind-for-cfos-heading-into-2024/ Tue, 07 Nov 2023 20:30:41 +0000 https://insightsoftware.com/?p=354428 If any one word could encapsulate 2023, it would be “uncertainty.” For most of the year, finance teams have been preparing for a recession that never quite reached the heights (or depths) heralded by the media. And while no one is disappointed, constantly waiting for the other shoe to drop has had a notable impact […]

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If any one word could encapsulate 2023, it would be “uncertainty.” For most of the year, finance teams have been preparing for a recession that never quite reached the heights (or depths) heralded by the media. And while no one is disappointed, constantly waiting for the other shoe to drop has had a notable impact on finance leaders’ approach to, well, everything.

Over the last 12 months, as we emerged from the pandemic, CFOs approached the finance function with a sense of realism and pragmatism, prioritizing functional growth in their budgets and plans over resource growth. They have invested in training existing employees over hiring additional people and in marketing existing hero products over developing new products. The need for greater efficiency and more accurate forecasting led CFOs to re-evaluate the tools and processes on hand and their ability to overcome skills shortages and drive agility.

Now, as we head into 2024, CFOs continue to seek balance and efficiency through digital transformation. A recent Hanover survey found that 70% of respondents feel pressure from inflation, economic disruption, and recession. Meanwhile, Robert Half recruitment data shows that nearly 90% of hiring managers are having a hard time finding skilled talent to join their finance teams.

With interest rates still rising, skills shortages still posing a challenge, and the specter of recession still haunting board rooms, CFOs are looking to technology to connect data, build agility, and drive profitability.

2023 Finance Team Trends Report

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Connected Data Will be Pivotal to Driving Profitability in 2024

In today’s dynamic business environment, data connectivity is key to increasing business agility and driving profitability. CFOs will need to pursue a two-prong strategy, sustaining healthy revenue and reducing costs, to achieve financial stability and enhance investor confidence. Next year, the top priority for CFOs is to foster a culture of financial discipline within their organizations, shifting their attention to enhancing the efficiency, agility, and resilience of their finance teams.

Sustaining Healthy Revenue

By consistently generating revenue, an organization shows its resilience, financial stability, and ability to weather market fluctuations. Cash metrics and liquidity show a company’s ability to weather financial challenges and satisfy its short-term obligations, both attractive qualities for investors during uncertain economic times. A focus on sustaining revenue not only enhances financial stability, but also safeguards investor confidence, reinforcing the organization’s position in the market and supporting long-term profitability goals.

Decreasing Operational Costs

Reducing operational costs without reducing operational efficiency is key to driving profit in an uncertain market. Efforts to decrease costs involve streamlining operations, negotiating favorable supply chain terms, exercising stringent cost control, optimizing employee productivity, and implementing energy-efficient practices. These activities collectively reduce operational expenses, ensuring that the organization runs efficiently and cost-effectively.

Balancing these revenue-sustaining and cost-cutting efforts will be critical in 2024, enabling finance teams to fortify bottom lines and contribute to organizational profitability and long-term financial health.

Streamline Your Budgeting and Planning Process with Connected Data

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CFOs Look to Automation and AI to Bridge the Efficiency Gap in 2024

Impacted by external factors like market disruption and skills shortages, finance leaders are looking to squeeze more value from existing resources; this means working smarter by leveraging automation and AI to improve efficiency and productivity. Generative AI, or GenAI, is still a new enough technology that CFOs are curious but noncommittal.

Finance leaders are excited about the productivity gains GenAI can provide but also wary of potential security risks. Much like business leaders use BI tools to visually see and understand data, executives need to understand how the data AI delivers is generated; given GenAI is predominantly a data output, executives can have concerns over how the numbers were generated and worried they are missing crucial business context.

For the upcoming year, proven automation tools with built-in AI capabilities will be the happy medium that provides finance teams with increased efficiency and data confidence without posing the security risks of a generative AI engine. Hanover research shows that many (43%) leaders plan to adopt new technology to close efficiency gaps while others seek to increase investment and training in existing technology to meet this goal.

Finance leaders will look to automation tools to:

2024 Goals: Connect Data, Enable Agility, Drive Profitability

External factors from market uncertainty, skills shortages, and the rising cost of debt are making a heavy impact on finance strategies for 2024. Technology that increases efficiency by simplifying reporting processes is important for finance teams to connect data, enable agility, and drive profitability.

To see how insightsoftware solutions can help your organization achieve these goals, watch our video on driving business growth through automation.

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Discover Efficient Data Extraction Through Replication With Angles Enterprise for Oracle https://insightsoftware.com/blog/discover-efficient-data-extraction-through-replication-with-angles-enterprise-for-oracle/ Tue, 07 Nov 2023 20:13:57 +0000 https://insightsoftware.com/?p=354567 When extracting your financial and operational reporting data from a cloud ERP, your enterprise organization needs accurate, cost-efficient, user-friendly insights into that data. However, navigating the large datasets and numerous data sources and systems involved can pose threats to clean data that your reporting teams needs to confidently share actionable insights. For your operational reporting […]

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When extracting your financial and operational reporting data from a cloud ERP, your enterprise organization needs accurate, cost-efficient, user-friendly insights into that data. However, navigating the large datasets and numerous data sources and systems involved can pose threats to clean data that your reporting teams needs to confidently share actionable insights.

For your operational reporting teams that extract data from an Oracle Cloud Applications (OCA) ERP, choosing the best extraction method hinges on specific reporting needs, objectives, and other factors that include the use case and destination for your data. While real-time extraction is historically faster, your team needs the reliability of the replication process for your cloud data extraction.

The Challenges of Extracting Enterprise Data

Currently, various use cases require data extraction from your OCA ERP, including data warehousing, data harmonization, feeding downstream systems for analytical or operational purposes, leveraging data mining, predictive analysis, and AI-driven or augmented BI disciplines. Enterprise-level organizations like yours often have multiple data sources and systems. Similarly, the tools you use to run your enterprise are becoming increasingly diversified, from different vendors and cloud environments to various ERP systems and BI tools. Add in the de facto requirement to combine all your reporting data and it presents quite a challenge.

As more companies move their data into the cloud, methods for storing and managing that data also adapt and grow. This growth is caused, in part, by the increasing use of cloud platforms for data storage and processing. But it is also a result of the surge in multimedia content in cloud repositories that requires tools and methods for extracting insights from rich, unstructured data formats.

As your organization creates new departments, products, and services, you will see more and more data sources emerge. This evolving landscape means your organization must carefully choose tools and processes that offer the scalability to grow with your business. You need to be able to extract data the right way, with the right tool.

Replication Vs. Real-Time

Should your organization use a replication or real-time method to extract data from your OCA solution? The answer depends on your specific business needs and the nature of the data you are working with. Both methods have advantages and disadvantages:

Replication involves periodically copying data from a source system to a data warehouse or reporting database. This typically occurs on a schedule, such as hourly or daily.

  • Advantages:
    • Replication reduces the load on source systems because data extraction occurs at predefined intervals, reducing the real-time impact on production systems.
    • It provides consistency in data for reporting purposes, as you are working with snapshots of the data at a particular point in time.
    • It trends more cost-effective compared to real-time solutions because it requires fewer resources.
    • It ensures data consistency and provides a historical data trail, making it ideal for scenarios where maintaining a reliable record of data changes and supporting historical analysis are crucial for your team.
    • It reduces overhead and is more resource efficient as its processes involve batch updates at scheduled intervals, alleviating the continuous resource strain and infrastructure demands on your team associated with real-time reporting.
    • It is simpler and more predictable. It involves well-defined batch processes, making setup and maintenance straightforward, which can be especially advantageous when simplicity and manageability are prioritized.
  • Disadvantages:
    • Replication can cause delays in reporting because data is not updated in real time.
    • If your business requires up-to-the-minute data, replication may not be suitable.

Real-time data extraction involves continuously streaming or synchronizing data from source systems to your reporting system, ensuring that your reports are always based on the latest information.

  • Advantages:
    • Real-time reporting provides the most current data, which is crucial for businesses that require up-to-the-minute insights and decision-making.
    • It is suitable for scenarios where immediate action or monitoring is essential, such as fraud detection or stock trading.
    • It excels in situations where immediate access to data for real-time decision-making and monitoring is essential. Each approach has its own set of advantages, and the decision should align with the specific requirements and trade-offs that best suit the organization’s goals and resources.
  • Disadvantages:
    • Real-time solutions can be complex to implement and may require more significant resources, both in terms of infrastructure and maintenance.
    • It can put a higher load on source systems, potentially impacting their performance.

How BICC Wins Out Over BIP

For your Oracle Cloud-based reporting team, using Oracle Business Intelligence Cloud Connector (BICC) is the method Oracle recommends for extracting medium to high volumes of data. It is considered the optimal approach for deeper analytical insights, as it minimizes strain on the transactional database and improves overall performance. By utilizing BICC replication, your operational database can remain unaffected by the analytical workload. Angles Enterprise for Oracle uses the recommended BICC approach, allowing your reporting team to follow the preferred Oracle method.

The alternative to BICC is BI Publisher (BIP)​. While BIP reports can be generated with different output formats, including Excel files​, BIP is not intended as a data extraction tool but rather a reporting tool.​ Additionally, BIP is not recommended for medium or high volumes of data​ – which is where your enterprise reporting team’s data will most likely be stored.

So, why is BICC the right path forward? It’s the data replication process that:

  • Offers functional completeness​
  • Handles all data volumes​
  • Moves analytics workload away from your ERP system​
  • Prescribed by Oracle as the optimal method for data extraction in any meaningful volume​

Your team’s opportunities expand with BICC​ because it:

  • Works with Oracle agnostic BI tools​
  • Integrates with third-party data​
  • Integrate with cloud data warehouses and lake-houses​
  • Leverages augmented BI – LLMs, Process Mining, predictive analysis​

Optimize Access to Oracle ERP Data for Intelligent Operational Insights

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Why Angles Helps Your Data Extraction Process

Angles delivers the fast, user-friendly, and accurate data replication process that your team needs for its reporting. What Angles offers your reporting teams to streamline the reporting process and access the most accurate data for reporting includes:

  • Low-code modern data management:
    • Extract data from all your company’s data sources with purpose-built Dynamics and Oracle connectors, along with 275+ additional connectors, and bring all your business data into a secure, single-source-of-truth data warehouse. A simple drag-and-drop interface automates SQL code for you, eliminating the need for cumbersome IT projects to cleanse, transform and structure data. Empower your team to add new data sources on the fly.
  • Instant success, out of the box:
    • Eliminate the difficult and often time-consuming task of creating a complex data warehouse environment with insightsoftware’s business intelligence solutions. Users will have access to out-of-the-box data connectors, pre-built plug-and-play analytics projects, a repository of reports, and an intuitive drag-and-drop interface so they can begin extracting and analyzing key business data within hours.
  • A complete data warehouse—without the heavy lifting:
    • Automate the entire data warehousing process, from data retrieval through data transformation to deployment and generation of project documentation. Quickly combine from a variety of sources into a singular data warehouse and a set of dimensional cubes or tabular models. insightsoftware solutions are built to support rapid changes by simplifying the ETL process, with no coding required. Maximize productivity by centralizing data access rules and by automating data refreshes.

Digging into insightsoftware’s Angles deeper, you’ll see it offers integrated data replication to minimize the transaction times of your ERP. You get a single, cloud-accessible user interface that provides a one-stop shop for management, administration, and orchestration of Angles Views, and new templates for reporting on Oracle Fusion Cloud Applications (OCA.) All these allow your team to:

  • Cloud data replication. Replicating data from Oracle ERPs to cloud-target data warehouses like Snowflake or Microsoft Azure eliminates the strain on transactional source systems when running intensive analytical and reporting queries.
  • Combine content from on-premises and cloud Oracle ERPs. Include and blend data from on-premises and cloud applications with other sources to facilitate a gradual migration to the cloud. You are in control of the timeline, migrating at a speed that works best for your organization.
  • Bidirectional synchronization. With data management in the cloud, synchronization between data sources becomes a concurrent process, resulting in better performance.
  • Migration to Oracle Cloud applications. New out-of-the-box templates for content in Oracle Cloud applications open additional areas of analysis with a short time to value.

Check out our webinar to see if Angles Enterprise for Oracle Is right for your reporting team to get on-demand, just-in-time insights without adding strain.

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Journey from Peoplesoft to ERP Cloud https://insightsoftware.com/blog/journey-from-peoplesoft-to-erp-cloud/ Tue, 07 Nov 2023 15:35:45 +0000 https://insightsoftware.com/?p=353704 Peoplesoft has been trusted since 1987 for outstanding HR management. The on-premises technology promises streamlined processes and real-time insights, and while some teams swear by Peoplesoft, others look farther ahead to leveraging the power of the cloud and the associated advanced capabilities. But what if you can have your cake and eat it too? Here, […]

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Peoplesoft has been trusted since 1987 for outstanding HR management. The on-premises technology promises streamlined processes and real-time insights, and while some teams swear by Peoplesoft, others look farther ahead to leveraging the power of the cloud and the associated advanced capabilities. But what if you can have your cake and eat it too? Here, we discuss challenges, benefits, and how to make the most of a hybrid setup.

Embracing a Hybrid ERP

A hybrid system is a combination of hybrid and cloud ERPs. This is especially helpful for organizations that already have a complex and customized on-premises ERP that also want to leverage cloud capabilities. Hybrid systems are on the rise–a recent Google report found that 93% of organizations say they’re “mostly cloud” in some form, but a significant 48% say they’re “mostly hybrid.” Interestingly, this number has jumped 8% since 2020. Even fewer organizations are strictly on-premises at 7%.

Migrating fully to the cloud is a daunting task, especially for organizations that have invested significant time and money in customizing their on-premises system for their unique business needs. If you are attracted to the advantages of Oracle ERP Cloud, but don’t have the resources to support a hard switch, then choosing a hybrid approach may hold many advantages. You don’t have to reinvent the infrastructure that your business runs on while leveraging advanced, new cloud technology. But with two data streams hybrid instances can be challenging to manage and maintain without the right tools.

Migrating fully to the cloud is a daunting task, especially for organizations that have invested significant time and money in customizing their on-premises system for their unique business needs. If you are attracted to the advantages of Oracle ERP Cloud, but don’t have the resources to support a hard switch, then choosing a hybrid approach may hold many advantages. You don’t have to reinvent the infrastructure that your business runs on while leveraging advanced, new cloud technology. But with two data streams hybrid instances can be challenging to manage and maintain without the right tools.

Overcoming Cloud Migration Challenges

Maintaining a hybrid ERP approach, especially with a combination of on-premises and cloud-based solutions like PeopleSoft and Oracle ERP Cloud, poses several challenges for finance teams:

  • Integration challenges: Finance teams face hurdles integrating varied data formats in PeopleSoft and Oracle ERP Cloud, requiring careful planning and real-time synchronization for accurate financial analysis.
  • Security and compliance demands: Maintaining robust data security, encryption, and adherence to complex regulations like GDPR poses challenges in hybrid ERP environments, necessitating meticulous compliance practices.
  • Data quality and governance complexity: Ensuring consistent data accuracy amidst discrepancies, establishing clear governance policies, and managing financial data lifecycle across diverse systems demand constant vigilance and strategic management.

Boost Your ERP Reporting Performance and Efficiency with Pre-Built Business Views

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The good news is that the right automated reporting tool can overcome these challenges and mitigate the productivity lag and compliance risk commonly associated with cloud migration. By unifying data access and enabling real-time synchronization, an automated reporting tool eliminates data silos and ensures consistency for accurate financial analysis. Look for a vendor that addresses security concerns through encrypted data transmission and adherence to compliance regulations like GDPR and Sarbanes-Oxley Act. Streamlines data governance, enhancing data accuracy and allowing efficient management of data lifecycle tasks.

Pitfalls of Native Reporting Tools

Finding the right reporting tool to support your hybrid instance is key. The convenience of PeopleSoft’s native reporting tool nVision, can be alluring, but make sure you understand its limitations before trusting it with the success of your migration project.

With nVision, you can bring all your live data from PeopleSoft into an Excel spreadsheet. But this is when things can get sticky. To create the custom reports that your leadership is demanding, nVision can require technical knowledge that only IT departments possess. nVision skills are in short supply, so companies often become dependent on a handful of IT and/or external consultants to make small changes.

Beyond the need for technical know-how, there are other downsides when using PeopleSoft’s native reporting tool for finance:

  • Lack of intuitive, self-service functionality
  • Difficulty drilling into details
  • Requires technical knowledge to build and modify reports
  • Primarily designed for GL reporting, and not so much for PS Query
  • Requires its own Windows server to run, which adds additional cost and maintenance

If you are seeking a seamless switch to a hybrid ERP instance, then these limitations can pose a significant roadblock. Managing two data sources is hard enough without endless delays waiting for IT to generate the custom reports your business needs to navigate a turbulent market. Consider a third-party automated reporting tool that connects seamlessly to both ERP instances, offering complete oversight and a single source of truth for your finance team to efficiently report against.

Ensure a Seamless Transition to Your Hybrid Approach

Angles Professional can help you through your cloud migration and beyond. The solution fits seamlessly with hybrid ERPs by providing multi-source connectivity and a library of pre-built reports to get up and running quickly, all without having to wait for IT. With Angles Professional, you can:

  • Drill down to find the root cause of data discrepancies across systems.
  • Communicate your progress via engaging visualizations in a way your leaders can easily digest.
  • Leverage technology that seamlessly integrates with Peoplesoft and Oracle ERP Cloud right out of the box.
  • Drill down in any report from summary to transaction level to find and fix issues quickly.

insightsoftware works hand-in-hand with Peoplesoft and Oracle ERP Cloud to bolster your financial and accounting posture. By taking Angles Professional with you on your hybrid ERP journey, not only are you adding the advantages of a single source of truth for your multi-source data, but you’re also automating vital reporting and analytics.

Ready to learn more? Read our report on The State of Operational Reporting today.

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Dresner Wisdom of Crowds 2023: Enterprise Performance Management Market Study Recommends insightsoftware https://insightsoftware.com/blog/dresner-wisdom-of-crowds-2023-enterprise-performance-management-market-study-recommends-insightsoftware/ Tue, 31 Oct 2023 15:28:26 +0000 https://insightsoftware.com/?p=352161 insightsoftware has once again been named a leader in the 2023 Wisdom of Crowds® Enterprise Performance Management Market Study by Dresner Advisory Services, earning high marks for both customer experience and vendor credibility in the enterprise performance management (EPM) sector. With EPM solutions for financial reporting, operational reporting and analytics, budgeting and planning, and more, […]

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insightsoftware has once again been named a leader in the 2023 Wisdom of Crowds® Enterprise Performance Management Market Study by Dresner Advisory Services, earning high marks for both customer experience and vendor credibility in the enterprise performance management (EPM) sector.

With EPM solutions for financial reporting, operational reporting and analytics, budgeting and planning, and more, insightsoftware empowers leaders from organizations worldwide to unlock greater financial intelligence and build resilient businesses.

What is Enterprise Performance Management?

Performance management is an approach that integrates enterprise-class modeling, planning, BI, and analytics in a single, or closely linked system. Enterprise performance management (EPM) is a key element of performance management. It enables an organization to plan for the impact of various internal and external factors on its future performance and business outcomes.

EPM includes strategic, operational, and financial planning and forecasting. EPM systems also include reporting and analytics capabilities that enable organizations to set goals and objectives and track performance against those objectives, as well as satisfy many regulatory and statutory reporting requirements.

Unsurprisingly, adoption of enterprise performance management continues to grow, with the share of organizations that use EPM software increasing from 54% in 2022 to 62% in 2023. Enterprise performance management is clearly a mainstream technology that is becoming increasingly widespread.

Excellence in EPM: Strategies for Top Performers

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Among organizations that already use enterprise performance management software, half (49%) plan to increase their EPM user base. This indicates organizations recognize the benefits EPM solutions provide, including improvements in efficiency and agility in collaborative planning, analytics, and reporting. In fact, nearly 83% of respondents rate enterprise performance management as critical, very important, or important to their organization’s overall BI and application strategy.

The data shows a relationship between success with BI and the importance of enterprise performance management, with 84% of organizations that are completely successful with BI rating EPM solutions as critical, very important, or important.

insightsoftware Named a Leader in EPM Solutions

The 2023 edition Wisdom of Crowds® Enterprise Performance Management Market Study is Dresner’s broad assessment of the EPM market, providing a comprehensive look at key user trends, attitudes, and intentions. The report offers a real-world perspective on the market, including analyses of adoption and deployment, success with BI, plus a robust industry section.

The Dresner Customer Experience Model maps metrics like the sales and acquisition process, technical support, and consulting services, against general customer sentiment. The Vendor Credibility Model measures value for money against user confidence. insightsoftware scored as an Overall Leader in customer experience and a Trust Leader in vendor credibility and earned a perfect recommend score.

To view the full report and learn more about insightsoftware’s EPM solutions, click here.

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Dresner 2023 EPM Market Study: insightsoftware Ranked as Service Leader and Trust Leader

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Jet Reports 23.3: Faster Than Ever https://insightsoftware.com/blog/jet-reports-23-3-faster-than-ever/ Tue, 31 Oct 2023 15:10:22 +0000 https://insightsoftware.com/?p=352117 If you are looking for a reporting solution that can handle complex data and deliver fast results, you might want to check out Jet Reports version 23.3, the latest release from insightsoftware. Jet Reports is a powerful Excel-based reporting tool that directly connects to your Microsoft Dynamics ERP and allows you to create custom reports […]

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If you are looking for a reporting solution that can handle complex data and deliver fast results, you might want to check out Jet Reports version 23.3, the latest release from insightsoftware.

Jet Reports is a powerful Excel-based reporting tool that directly connects to your Microsoft Dynamics ERP and allows you to create custom reports and dashboards with ease using real-time data. Jet Reports 23.3 comes with significant performance improvements that make your reporting experience faster and smoother than ever.

How Fast Is Jet Reports 23.3?

Based on performance benchmarks that tested a variety of commonly used report-types with different data sizes (up to 1 million rows), Jet Reports 23.3 has improved its reporting run time performance by more than 80% for most business cases/reports. This means that you can run your reports in a fraction of the time it used to take and get your insights even faster.

You also don’t have to worry about any sort of latency or need to refresh data sources as Jet Reports utilizes a direct connection to your chosen Dynamics ERP. No matter how simple or complex the report you want to run, you will notice the difference in speed and efficiency.

You may wonder how we achieved such a significant performance improvement. The latest Jet updates include a combination of techniques such as optimizing the query engine, reducing the number of database calls, caching data locally, and parallelizing the processing of multiple reports. These methods not only improve the performance of Jet Reports, but also reduce the load on your data sources and network.

Jet Reports for Microsoft Dynamics 365 GP, NAV and D365 Business Central Overview

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Why Is Performance Important?

Performance is one of the key factors that determine the quality and value of a reporting solution. A fast reporting solution can help you:

  • Save time and resources: You don’t have to wait long for your reports to run or allocate extra resources to handle the workload. You can focus on analyzing and acting upon your data, rather than waiting for it.
  • Gain real-time insight: With a fast reporting solution you get instant insights into financial data and KPIs, empowering your business to adapt quickly to changing market conditions and streamline operations based on up-to-date insights.
  • Improve accuracy and reliability: A fast reporting solution can reduce the risk of errors and inconsistencies in your data, as well as ensure that your reports are always up to date and reflect the latest changes in your data sources.
  • Enhance user satisfaction and adoption: A fast reporting solution will increase user satisfaction, as they can quickly and easily get their reports without any frustration or hassle. This can also increase the adoption and usage of your reporting solution across your organization.

How Does Jet Reports Compare to Competitors?

Jet Reports is not only fast, but also flexible, scalable, and affordable. Jet Reports offers several advantages over its competitors, such as:

  • Excel-based interface: Jet Reports leverages the familiar and powerful Excel interface, which means that you don’t have to learn a new tool or language to create your reports. You can use all the features and functions of Excel, such as formulas, charts, pivot tables, slicers, etc., to customize your reports and dashboards.
  • Report automation and distribution: Jet Reports can automate the scheduling and distribution of your reports via email or SharePoint, so that you can always get your reports on time and share them with your stakeholders. You can also use Jet Hub to access your reports online from any device or browser.
  • Licensing and pricing: Jet Reports has a flexible licensing model that allows you to choose the best option for your needs and budget. You can choose between different subscription bundles optimized for the needs of SMB and MLB businesses.

What’s Next for Jet Reports?

insightsoftware is committed to continuously improving the performance of Jet Reports, as well as adding new features and functionalities that enhance its capabilities. Some of the upcoming features that are planned for future releases include:

  • Jet Hub Hosting: Let insightsoftware host your hub in the cloud, eliminating the need for customers to deal with environment maintenance so they can focus on their data.
  • Web Capabilities: Create, manage, and run your Jet Reports data via the web browser utilizing Excel Online. The Hosted Hub will also be optimized for mobile device browsers.
  • AI Technology: Get automated help building reports, troubleshooting formulas/errors, and providing users with relevant support articles. This will help to optimize your reporting efficiency and performance.
  • New/Updated Content: Refreshed pre-built reporting packages with simplified templates, new reports for additional business cases, and a modernized look and feel.

Try Jet Reports 23.3 Now

Jet Reports 23.3 is a major milestone in the development of Jet Reports, as it delivers significant performance improvements that make it faster than ever. If you are looking for a reporting solution that can handle complex data and deliver fast results, you should give Jet Reports 23.3 a try. You will be amazed by how much time and effort you can save with Jet Reports.

To learn more about Jet Reports 23.3, you can visit the official website or read the release notes. You can also contact insightsoftware to request a demo of Jet Reports 23.3.

Get a Demo

See how companies are getting live data from their ERP into Excel, and closing their books 4 days faster every month.

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Three Ways to Tell Your Story With Power BI and CXO https://insightsoftware.com/blog/three-ways-to-tell-your-story-with-power-bi-and-cxo/ Mon, 30 Oct 2023 20:05:15 +0000 https://insightsoftware.com/?p=352061 Finance teams are turning to automation for fast processing and actionable insights. This shift toward these stand-alone business intelligence tools is motivated by a need for rapid, informed decision-making in the competitive business landscape, allowing organizations to adapt swiftly to market changes and optimize their processes for better outcomes. However, leveraging these insights can be […]

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Finance teams are turning to automation for fast processing and actionable insights. This shift toward these stand-alone business intelligence tools is motivated by a need for rapid, informed decision-making in the competitive business landscape, allowing organizations to adapt swiftly to market changes and optimize their processes for better outcomes. However, leveraging these insights can be challenging if your reports and data don’t speak to each other.

Disconnected enterprise performance management (EPM) operational reporting can present significant limitations and challenges for your business. It can lead to outdated and inconsistent data, hindering timely decision-making processes. And maintaining this data consistency becomes difficult when information is spread across various disconnected systems, leading to errors and inefficiencies and an inability to tell your story.

Collaboration and communication can also be hampered, as sharing and updating reports becomes cumbersome and time-consuming. Moreover, the lack of real-time updates can result in missed financial opportunities and market strategies, impacting your organization’s overall efficiency and competitiveness in the market.

CXO Dashboards Meet Power BI to Turn Static Data Into Dynamic Insights

A recent survey by insightsoftware reported that 89% of organizations feel they are not getting high-value data insights from their EPM. This means that you likely aren’t able to access the data you need the way you need it.

That is why adopting a robust business intelligence solution that integrates with your EPM system could just be the solution you seek. By transforming static information into rich, dynamic report packs with integrated commentary you can tell the true story behind your numbers.

Together, CXO and Power BI provide you with access to insights from both EPM and BI data in one tool. You can now elevate their decision-making process by drilling down into more detailed data, and enriching EPM figures with non-financial data.

Transforming Financial Reporting with Dynamic Dashboards

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1. Expand Your Reporting Insights

The EPM data reported through CXO are designed to provide you with aggregated insights. It can, for instance, tell from which country profit growth is coming. However, eventually you aren’t able to drill down further if you want to deep dive into this profit growth. This is because the transactional detail necessary for such analysis is captured in different software. Power BI struggles with connecting to EPM systems and representing EPM data. However, it is designed for transactional data reporting. By embedding Power BI reports in CXO dashboards, you can have the best of both worlds. You’ll have access to insights for both strategical and tactical decision making in the same tool.

2. Gain Richer Data Access

Beyond delving deeper into EPM data, you no doubt aim to enrich your CXO dashboards with information beyond what EPM systems offer. With the incorporation of Power BI reports, you can enhance CXO dashboards with diverse data points, such as NPS scores, ESG metrics, and project details. This integration consolidates all pertinent information within CXO, providing management with a comprehensive overview in one centralized location, eliminating the need to juggle multiple tools.

3. Benefit from Dynamic Data Interaction

The integrated Power BI reports respond to the filtering selections made within CXO. When you switch from one month to the next in CXO, the embedded Power BI report automatically adjusts to reflect the changes. Notably, member names in CXO and Power BI sources often differ.

By adopting this integration, you’ll unlock real-time insights, streamline processes, improve collaboration, and adapt to the ever-changing financial landscape, ultimately contributing to your organization’s success. With CXO and Power BI, you’ll be able to see your EPM, operational, and non-financial data in the same dashboard, give your management complete information with financial and non-financial KPIs, and be-able to do deep dive analyses from aggregated to transactional level. This will let you help better tell your company’s financial story.

If you would like to learn more about CXO’s interactive EPM reporting firsthand, contact us today to arrange a demo.

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Streamline Your Reporting Process with CXO’s Easy-to-Use Dashboard and Reporting Tools

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Are You in Control of Your JDE or EBS Data? https://insightsoftware.com/blog/are-you-in-control-of-your-jde-or-ebs-data/ Thu, 26 Oct 2023 20:51:42 +0000 https://insightsoftware.com/?p=352013 Reporting teams need to go beyond native reporting with deeper, flexible analysis of their data. Without the right control, they struggle with inflexible report layouts and spend days dumping data into spreadsheets, limiting the available time to focus on value-added analysis.  If your finance team is using JD Edwards (JDE) and Oracle E-Business Suite (EBS), […]

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Reporting teams need to go beyond native reporting with deeper, flexible analysis of their data. Without the right control, they struggle with inflexible report layouts and spend days dumping data into spreadsheets, limiting the available time to focus on value-added analysis. 

If your finance team is using JD Edwards (JDE) and Oracle E-Business Suite (EBS), it’s like they rely on well-maintained and accurate master data to drive meaningful insights through reporting. For these teams, data quality is critical. They need confidence that master data, encompassing customer details, product information, and supplier data, is updated and error-free. 

Data Quality Challenges for Reporting Teams 

Poor data quality impacts your team by introducing inaccuracies, inconsistencies, and inefficiencies into their reporting processes. Incomplete, outdated, or erroneous data means your team is generating unreliable insights which can lead to poor decision-making. Low data quality causes not only costly errors and compliance issues, it also reduces stakeholder confidence in the reported information. None of which is good for your team. 

Diving deeper into the top three challenges, teams typically encounter: 

  1. Data integration and complexity: One of the key challenges is integrating data from various sources and modules within your ERP systems. Both JDE and EBS are highly complex and may involve multiple modules that store data in different formats. Ensuring that data is integrated seamlessly for reporting purposes can be a daunting task. 
  2. Data quality and accuracy: Accurate, high-quality data is crucial for meaningful reporting. Inaccurate or inconsistent data leads to flawed insights and decisions. Maintaining data quality within JDE and EBS can be challenging due to the volume of data and the constant changes that occur in ERP systems. 
  3. Performance and scalability: As your organization grows, the volume of data in JDE and EBS systems increases. Reporting on large datasets can impact performance, leading to slower query response times and lags in real-time reporting. 

Addressing these challenges requires a combination of technical solutions, data governance practices, and a clear reporting strategy. You may need to invest in data integration tools, data quality management processes, and performance optimization measures to overcome these obstacles and derive valuable insights from your JDE or EBS systems. 

The Ultimate JDE Reporting, Planning, and Analytics Tool

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The Tools Needed to Solve the Challenges 

As users of JDE or EBS, your team must have relevant, real-time insights so they can make more robust decision-making. They need a solution that doesn’t require complex technical tools to dig into their master data for the meaningful insights they must deliver. Accessing a vast library of pre-built, turnkey content templates for finance and operations reporting can ensure your team a fast time to value with minimal training required. 

Seek a solution that simplifies your users’ admin experience with a host of controls, including full integration with EBS and JDE security, as well as workflows, approvals, and user types to control access and provide a full audit trail. Enable access to master data to boost trust in accuracy and deliver higher-quality reports. 

Fortunately, there are products purpose-built for JDE and EBS that directly link to master data and offer the advanced, intuitive reporting functionality your team craves. With the proper tool, your team can solve their JDE or EBS data challenges by bringing all key metrics together in one place using easy-to-consume, real-time web dashboards to display meaningful visualizations. Strengthen your organization’s data culture by involving more users in the data environment.  

Hubble Enterprise Delivers the Right Master Data Experience 

Hubble is an integrated suite of performance management tools for JD Edwards and Oracle E-Business Suite. It offers reporting and analytics in a single quick solution that fully understands your ERP. Hubble integrates your critical business systems so users at all levels can interact with live data and return data with extraordinary speed. With this type of visibility and access, everyone can easily understand, manage, and predict the business.  

Hubble Enterprise offers Designer, Power, and Viewer user types to ensure that the right people can access the right data, straight from your JDE or EBS system.  

  • Save time by accessing more pre-built templates: Access standard pre-built content covering all JDE and EBS modules, including Accounts Payable, Accounts Receivable, Fixed Assets, General Ledger, Human Resources, Inventory, Purchase Order Processing, and many more. 
  • Add context to your data with web visualizations and metrics: Bring all your key metrics into focus in one place using easy-to-consume, real-time web dashboards to display beautiful visualizations. With Hubble Enterprise, users across your organization can monitor KPIs, analyze trends, collaborate through discussions, and drill into underlying ERP transactions. 
  • Reach more users with web viewer licenses: Support decision-making across the wider organization by providing more teams with access to trusted Hubble data. The web viewer license enables business users to consume prebuilt reports and dashboards, providing an intuitive experience to open, refresh, filter, drill, and export workspaces. 

Hubble provides real-time reporting and analytics purpose-built for JD Edwards and Oracle EBS that speeds up your financial processes, shrinks reporting cycles, and leaves more time for analysis. To learn more about Hubble, check out this blog on the benefits the tool provides to master data users. 

Hubble Datasheet Enterprise Rsc

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Top 5 Resources to Understand the Role of AI/ML in Embedded Analytics  https://insightsoftware.com/blog/top-5-resources-to-understand-the-role-of-ai-ml-in-embedded-analytics/ Wed, 25 Oct 2023 15:17:06 +0000 https://insightsoftware.com/?p=351655 Every day, more companies unlock the potential of artificial intelligence (AI) and machine learning. When AI and machine learning are utilized in embedded analytics, the results are impressive. Much of this can be seen in modern solutions that offer advanced predictive analytics. Together, predictive analytics and AI can help application teams by streamlining processes, generating […]

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Every day, more companies unlock the potential of artificial intelligence (AI) and machine learning. When AI and machine learning are utilized in embedded analytics, the results are impressive. Much of this can be seen in modern solutions that offer advanced predictive analytics.

Together, predictive analytics and AI can help application teams by streamlining processes, generating personalized recommendations, and creating a more intuitive and efficient user experience. By leveraging these technologies, your team can build stronger customer relationships, increase user satisfaction, and ultimately achieve your goals more effectively.

Predictive analytics refers to using historical data, machine learning, and artificial intelligence to predict what will happen in the future. This historical data is fed into a mathematical model that considers key trends and patterns in the data. The model is then applied to current data to predict what will happen next.

Your customers can use predictive analytics to foresee if a change will help them reduce risks, improve operations, and/or increase revenue. At its heart, predictive analytics answers a common user question, “What is most likely to happen based on my current data, and what can I do to change that outcome?” 

Resources to Help Your Team Understand Predictive Analytics

These resources will equip your development team with the knowledge to effectively navigate the embedded analytics landscape alongside AI and machine learning, covering issues like predictive-versus-augmented analytics, integrating AI and machine learning with predictive analytics, and much more.

  1. Predictive vs. Augmented: Analytics Strategies for the Future: In this video, learn how streamlining data analysis with augmented analytics makes it more accessible to a larger audience, enabling more of your users to gain value from the data. Dive deep into augmented analytics, which uses combination of AI and machine learning to automate various stages of the analytics process.
  2. The Definitive Guide to Predictive Analytics: In this white paper, learn how embedded analytics is boosting user adoption, creating apps people love, and changing the game for software and SaaS providers. Dive into how predictive analytics answers the question of what is most likely to happen based on current data, and what can be done to change that outcome, and how it uses historical data, machine learning, and AI to predict what will happen in the future.
  3. Harmony in Data: Empowering Embedded BI with Logi Symphony’s AI, Machine Learning and Predictive Analytics: In this video, discover how predictive analytics is like a crystal ball for your customers. Harmony in Data: Empowering Embedded BI with Logi Symphony’s AI, Machine Learning and Predictive Analytics: In this video, discover how predictive analytics is like a crystal ball for your customers. It uses past data, machine learning, and smart AI to forecast what’s coming down the road. In the embedded analytics world, application teams provide their users with software tools that collect data that drives decision-making. Today, your customers need predictive analytics to add more value to their organizations through better use of data.
  4. The 5 Levels of Analytics Maturity: From Basic BI to Sophisticated Differentiators: Do the analytics in your application make you stand out from the crowd? In this white paper, see where your offerings fall on the analytics maturity scale—and learn how sophisticated capabilities can differentiate your product. The best way to make analytics a natural part of everyday work is to embed it seamlessly into business applications. And the more sophisticated capabilities you can weave into the fabric of your application, the higher your user adoption and satisfaction will be.
  5. Drive Better Decision-Making With Data Storytelling: As your customers can find out in this white paper, great storytelling should hold your attention. It’s a fundamental human skill, but the concept of utilizing embedded analytics and data to tell stories is still new and evolving. Fully understanding the benefits is essential to making the most of analytics.

Go here to learn more and see if Logi Symphony is right for your customers.

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The Embedded Analytics Buyer’s Guide

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Remove Data Siloes to Increase the Value of Your SAP Reporting https://insightsoftware.com/blog/remove-data-siloes-to-increase-the-value-of-your-sap-reporting/ Tue, 24 Oct 2023 16:24:35 +0000 https://insightsoftware.com/?p=351794 Your SAP system collects vast amounts of financial and operational data. But you only tap into a portion of SAP’s potential power when this data is kept siloed within separate departments, systems or spreadsheets. CFOs are under increasing pressure to provide actionable insights that guide leadership decision-making. In today’s turbulent market, it’s key that these […]

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Your SAP system collects vast amounts of financial and operational data. But you only tap into a portion of SAP’s potential power when this data is kept siloed within separate departments, systems or spreadsheets. CFOs are under increasing pressure to provide actionable insights that guide leadership decision-making. In today’s turbulent market, it’s key that these insights include data inputs from across the whole organization, not just finance.

Our recent Hanover report echoes this sentiment. 48% of finance teams are seeing efficiency losses from global economic disruptions. To combat close this efficiency gap, the number one CFO priority is “increasing collaboration across teams and departments”.

To achieve oversight and agility, your finance team needs the right tools to aggregate all relevant data sources and provide the comprehensive analysis your leadership craves.

Why Finance Teams are Struggling
with Efficiency in 2023

Disconnected SAP Data Challenges

Siloed data poses significant collaboration challenges to your SAP reporting team like reporting delays, limited visibility of data, and poor data quality. Unable to collaborate effectively, your team will struggle to promptly respond to leadership needs and custom data queries required to navigate your business through troubled waters.

The top three challenges facing your SAP reporting teams’ data collaboration are:

  • Data integration complexities: You face reporting delays due to the complexities of integrating data from various silos.
  • Limited data accessibility: Restricted data access obstructs comprehensive reporting and limits visibility into business processes.
  • Data quality concerns: Data quality is impacted by inconsistent and incomplete data, stifling accurate reporting and analysis.

To give you a real-world application, supply chains all over the world are having to adjust. . Chief supply chain officers (CSCOs) require comprehensive oversight of organizational data to effectively manage supply chain efficiency.

Financial data helps CSCOs understand the financial implications of their decisions, while operational data provides context and actionable insights into how the supply chain is functioning on a practical level. If your SAP data is siloed, CSCOs might have operational data showing the efficiency of certain processes, but without corresponding financial data, they cannot assess the cost-effectiveness of those operations, thus hampering well-informed decision making.

To achieve oversight and agility, your finance team needs the right tools to aggregate all relevant data sources and provide the comprehensive analysis your leadership craves.

A Single Source of SAP Data Truth

Connected SAP data offers many advantages for your teams, including real-time visibility, improved data accuracy, consistency, efficiency, and cost savings.

Real-time Visibility and Decision-Making:

  • Timely and accurate data: Connected SAP data allows organizations to access real-time and up-to-date information from various departments and processes. This gives decision-makers access to current data for financial and operational reporting, reducing decision-making based on outdated information.
  • Faster decision-making: Real-time data enables faster decision-making, allowing organizations to respond quickly to ever-changing market conditions. This agility helps organizations capitalize on favorable circumstances.

Improved Data Accuracy and Consistency:

  • Data integrity: SAP data integration pushes consistent and accurate data across the organization. This reduces errors and discrepancies in financial and operational reporting.
  • Single source of truth: Connecting SAP data creates a centralized repository for financial and operational data, ensuring that all departments and stakeholders are working from the same set of data. This promotes data consistency and eliminates the need for manual data reconciliation.

Enhanced Efficiency and Cost Savings:

  • Automation: Teams can gain refreshable, drillable reports and close the books faster, leading to more time for insights and analysis.
  • Cost savings: Improved efficiency, reduced errors, and streamlined processes can lead to significant savings. Organizations can allocate resources more effectively and avoid unnecessary expenses associated with manual data handling.

How to Get More Employees to Love SAP

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Generate More Value with Connected SAP Reporting

Angles Enterprise for SAP transforms and enhances critical data from SAP ERP tools, turning it into actionable insights. It puts the power of operational analytics and business intelligence into the hands of the people who need it most – the business users. Angles Enterprise for SAP applies a context-aware, process-rich business data model to SAP’s complex data structure and simplifies it into normal business terms and language users understand, empowering business users to get answers quickly. Angles’ cross-process reporting breaks through the silos and combines data from multiple functions to provide insights across your business.

Connected

Built-in knowledge of SAP enables Angles Enterprise for SAP to automatically extract data from production SAP instances (both ECC or S/4HANA), interpreting your company’s SAP data model, application logic, and customizations and allowing rapid implementation. Angles Enterprise for SAP takes a full or configurable delta extraction from all relevant tables, including material master and vendor master, and automatically interprets the master and transaction data, the SAP data dictionary, and customized settings. It has no impact on performance. Upon receiving the newly extracted data, Angles Enterprise for SAP rebuilds the model. The solution uses configuration files outside the source code to build this model, which allows for rapid addition of Z-tables or Z-fields and makes Angles Enterprise for SAP smart enough to work plug-and-play on any SAP ERP system.

Complete

Loaded with unique, built-in, cross-process intelligence, Angles Enterprise for SAP makes your ERP transactional data easy to understand. It enriches the data with more than 600 calculated fields for analyzing supply chain and financial data. This added intelligence enables business users to analyze their processes horizontally across the entire value chain – from purchasing via production and warehousing and sales to FI/CO.

Intuitive

Angles Enterprise for SAP offers an easy-to-use self-service interface for your business users, who can perform searches using real business language rather than needing to know how to write SQL queries. This allows them to create reports or dashboards either from within Angles or in their BI Tool of choice.

Want to learn more about modernizing your SAP operational reporting? Dive into our white paper to learn more about Angles Enterprise for SAP’s relationships with connected data and see if insightsoftware has the tool your reporting teams need.

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Modernizing Operational Reporting & Strategic Analytics in the SAP-Run Enterprise

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