Changing the Rules of JD Edwards Reconciliations at Quest Midwest
Posted by ryan.alford in Uncategorized on August 16, 2010
InsightSoftware.com plans to highlight its Insight Reconciler product during the Quest Midwest tradeshow, Aug. 17 and 18 in Rosemont, Ill.
Insight Reconciler rewrites the rules of JD Edwards reconciliations, highlighting integrity issues in real-time and explaining inconsistencies with full transactional drill-down.
According to a recent PricewaterhouseCoopers study, accurately managing the reconciliation of accounts adds to an organization’s financial reporting success: “Effective management of account reconciliation activities greatly increases executives’ ability to proactively identify and resolve issues that could result in misstatements in financial accounting and reporting records and lead to substantial write-offs. Many common account reconciliation problems are preventable. By creating and putting in place appropriate reconciliation and information management processes, and improving organization, training, and automation, companies can gain assurance over their general ledger balances.”
For JD Edwards users, having Insight Reconciler helps gain this assurance over the GL – in addition to Accounts Payable, Accounts Receivable, Inventory, Fixed Assets, and Received Not Vouchered. Built for end-users, Insight Reconciler is customizable to suit an organization’s specific reconciliation needs.
“…(Insight Reconciler) has dramatically improved the efficiency of our end-users, from ad-hoc lookups to month-end close, reconciliations and audit cycle reductions,” said Melissa Penfield, Director of Business Systems at Majestic Realty Co.
Dump the spreadsheets. Stop the pivot table madness. It’s time to learn why having a tool like Insight Reconciler can help. The PricewaterhouseCoopers study continues: “Information management issues range from preparation of reconciliation in spreadsheets (which rarely have supporting documentation and proper controls over versions) to lack of visibility into the current status of account reconciliations. In many companies, internal audit reviews and Sarbanes-Oxley 404 tests are the only formal source of information available to evaluate the potential impact of unreconciled financial accounts on financial statements.”
To learn more about Insight Reconciler, visit http://www.insightsoftware.com/reconciler/.
Attendees of Quest Midwest can visit InsightSoftware.com at booth No. 23 for an Insight Reconciler demonstration. Additionally, showgoers are invited to attend InsightSoftware.com’s session, “Improve Data Integrity to Streamline Reconciliations and Month End Reporting,” presented by Tracey Lewis on Aug. 18, 9 a.m. – 9:50 a.m., in room International F.
Reconciliations: It Doesn’t Have to be This Way!
Posted by ryan.alford in Uncategorized on July 15, 2010
Check out InsightSoftware.com’s cartoon about JD Edwards reconciliations:
http://www.youtube.com/insightsoftware#p/a/u/0/RspO90mFy8w
Stay tuned for more in the series. Let us know what you think!
Reconciling the Accounts in JD Edwards Doesn’t Have to Suck!
Posted by ryan.alford in Uncategorized on July 12, 2010
A company’s financial prowess and compliance go hand-in-hand. Without proper insight and strategic oversight of the business, many of today’s top global companies are missing a large piece of the financial puzzle.
CFOs should maintain the perfect balance between strategy, planning, forecasting, budgeting, reporting, and analysis. This is more simplified (and cost-effective) by having an automated process for account reconciliation. Without a monitoring system in place, performance improvements will be limited.
In a research report called “How to improve reconciliation activities,” published by PriceWaterhouseCoopers, many “account reconciliation problems are preventable. Timing, is also frequently an issue: account reconciliations that are in arrears more than one month risk misstatement of the financial results. Depending on the level of risk, perform reconciliations daily, weekly, monthly, or quarterly.”
Curious to know what to do about reconciliation problems in JD Edwards? Implement automation that recognizes reconciling items and streamlines the review process.
Read more: http://www.insightsoftware.com/docs/E-Book_-_Insight_Reconciler.pdf.
Do all signs point to an unorganized implementation of Order-to-Ship?
Posted by ryan.alford in Uncategorized on July 1, 2010
It’s not an easy job. An optimized Order-to-Ship business process offers continual progress towards improved cost control and delivery performance.
However, there might be a few challenges in the systems, including:
- Rework to correct data accuracy issues
- Late shipments and setbacks in delivery performance
- Increased customer complaints
- Time spent on complaint resolution
- Poor management of backorders
- Inefficient order processing and fulfillment
- Untimely invoicing
- Diminished cash flow and sales margins
In an Aberdeen Research study called “Working Capital Optimization: Increase Cash Flow in the New Economy,” author Nari Viswanathan said that “Best-in-Class companies are 30% as likely as all others to use cash conversion metrics as part of their supply chain organization metrics. Companies that embed cash conversion metrics into the set of supply chain metrics are twice as likely to have reduced their cash conversion cycle over the past year (45% versus 21%). Some of the key metrics that have been adopted as part of the process are: Sales forecast accuracy, on-time shipping, on-time delivery, inventory turns, logistics costs as a percentage of sales, and gross profit margin.”
Achieving an on-time shipping and delivery system is an industry standard met by few. Using JD Edwards can get you on your way, but will only take you so far.
To read more, click here.
The West is the Best!
Posted by ryan.alford in Uncategorized on June 25, 2010
By Phil Walton
Quincy Ko will join InsightSoftware.com on Monday, June 28 as the company’s new sales executive for the northwest region (all the places in the West where it snows).
Quincy is based in Vancouver, Canada and comes with deep and varied experience in the Business Intelligence and ERP industries.
With experience in growing territories, short/long sales cycles, closing small/large deals, and his eye for the end-user experience, Quincy is the ideal addition to InsightSoftware. He understands our value proposition and the Insight opportunity.
Welcome to the team, Quincy!
InsightSoftware.com is Hiring a Southeast Presales Consultant in Atlanta
Posted by ryan.alford in Uncategorized on June 24, 2010
Are you looking for employment? Do you live in the Atlanta area? Join the InsightSoftware.com team as its new Southeast Presales Consultant!
More details:
- Business Analyst is the preferred background, someone who has experience across the technical and functional functions
- Manufacturing/Supply Chain background (preferably with Oracle EBS or JD Edwards) although other vendors ERP’s would not preclude consideration. Financial background would be considered as well.
- A Business Intelligence implementation under your belt would go a long way towards understanding our value proposition versus the competition
- Agile and adaptable to changing priorities and multiple sales cycles
- Coachable in presales, with a personality that supports interacting and presenting
Apply via LinkedIn.com: http://bit.ly/doJAe2.
Sox the Owl Appears on eBay!
Posted by ryan.alford in Uncategorized on June 17, 2010
When InsightSoftware.com was known as The GL Company, “Sox the Owl” was it
s mascot. Nowadays, Sox’s memory lingers in the form of fond trade show photographs and tchotchke giveaways.
Recently, one of those giveaways surprisingly appeared on eBay: http://bit.ly/9SK8hm. The auction describes the plush bean bag character as a “rare collectible” and “retired and no longer being manufactured.”
Sox is going for an opening bid of $7.99. Here’s our auction (or contest):
Do you have a “Sox the Owl” memory you’d like to share? Send your thoughts to marketing@insightsoftware.com.
All entrants will have a chance to win a Sox the Owl plush bean bag character – very rare and in great condition. “This cool looking owl would make a great addition to a collection!”
We’ll share your memories on this blog. Good luck!
Two New Specialists and a Gaggle of Interns
Posted by ryan.alford in Uncategorized on June 11, 2010
InsightSoftware.com has been on a hiring frenzy. Recently, the company added two full-time corporate employees, Lori Moore and Justin Maclean, and three interns to its ranks.
Lori joins the company as the Customer Advocate for the western region. She worked for an InsightSoftware.com ERP partner over the last few years and knows Insight well. Lori will be working closely with Jon Louvar and Rich Brown (two Insight pros), forming a stellar install-base-focused team.
Justin is the company’s new Partner Sales Manager, replacing Julie Holmes – who will be moving into a product management role. Justin comes to Insight with a wealth of JD Edwards experience, which includes 10 years of working on CRM, manufacturing and distribution products. Most recently, Justin came from AmerisourceBergen where he was managing a Cognos implementation.
And the interns…they’re already doing an excellent job:
- Evan Ecckard – Web Development Intern
- Fred Klaas – Marketing Intern
- Austin Lee – Marketing Intern
InsightSoftware.com is hiring! Check out the new jobs: http://bit.ly/9xmafW.
JD Edwards Executive Luncheon in Greensboro, NC
Posted by ryan.alford in Uncategorized on June 9, 2010
Bring your appetite and join InsightSoftware.com and brij for a sumptuous meal and great networking on June 23, 11:30-1:30. You will see why InsightSoftware.com is quickly becoming the reporting tool of choice within the JD Edwards community.
With Insight you truly revolutionize operational reporting throughout your organization. Insight supplies solutions for functional areas such as: Finance, Human Capital, Supply Chain, Manufacturing and Project and Asset Management. Insight goes beyond mere reporting to drive productivity and profitability gains throughout your organization.
Leave with knowledge of the solutions that can help you optimize your business processes, all over lunch. We will treat you to lunch at the UNDERCURRENT restaurant . Click here to RSVP.
User Group meetings on the horizon:
Rocky Mountain User Group on June 10: http://bit.ly/diOd8T
JD Edwards Southeast Regional User Group in Atlanta, GA on June 17: http://bit.ly/9ewZJR
Eastern Canada Regional User Group on June 21 in Mississauga: http://bit.ly/9zCbOF
Forecast-to-Make: A Structurally Sound Process?
Posted by ryan.alford in Uncategorized on June 1, 2010
Do you experience materials shortages and capacity constraints? It’s vital to increase productivity and information accuracy by proactively ensuring that key managers and users can access accurate and timely information to make sound, in-the-moment decisions.
Running a world-class operation starts with the necessity for at least 99 percent accuracy of Item Master data. For many, this is easier said than done. However, with the correct tools the accuracy of Item Master records, Bills of Material, and Routings can be assured.
Once this initial foundation is secured, then focus turns to proactively optimizing scheduling to maximize available capacity and ensure availability of raw materials. Again, although JD Edwards stores meaningful information in these areas, many struggle to access real-time actionable information that enables optimized processing. Finally, having a full grasp of manufacturing cost variances and their drivers can make the difference in driving increasingly lower costs and fewer surprises.
With the correct tools you can unlock the rich data stored in JD Edwards to ensure the following: manufacturing tactics are aligned with the corporate strategy; forecasted demand matches market requirements; manufacturing processes are tuned to meet forecasted demand; and that ongoing reduction of cost and variances is possible.
To read more, click here.