Posts Tagged CPA
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.
Mark Kolanach in Da House!
Posted by ryan.alford in Uncategorized on February 22, 2010
As you may already know, InsightSoftware.com hired Mark Kolanach as the U.S. regional manager for the Southeast.
Based in Raleigh, N.C., Mark has an extensive background in business intelligence. This includes roles in pre-sales and sales at Oracle and QlikTech.
Here are Mark’s top goals (and some random thoughts) for his new role:
- “I plan to evangelize our solution in the Southeast. In this region of the U.S., many companies deserve the opportunity to discover the Insight difference.”
- “I’ll also focus on mid-market companies. Without millions to spend on data analysis tools, they need a way to improve their margins and efficiencies. We can enable companies to identify ways to do this in days or weeks versus months – at a price point they can afford.”
- “Insight’s short ‘time-to-benefit’ is key for companies needing better access to real-time data. We simply solve problems NOW, instead of selling them on a vision of what they can possibly have in six months.”
- “We help organizations simplify how they measure themselves against their annual strategic objectives. How many hoops are they jumping through to gather accurate metrics now?”
So, what excites Mark about the Insight product?
“The most exciting thing for me about our product is the time-to-benefit. You can literally make the decision to work with us in addressing your data analysis needs today, and then use the tool tomorrow. Since we just plug into the ERP system, Insight is completely preconfigured to work immediately.
“Our pre-packaged solutions are functionally designed to address the areas of greatest benefit: Procure to pay, order to ship, month end close and many others. The return on investment is very short for many of our customers. That is the reason I joined InsightSoftware.com. There isn’t a lot of satisfaction in identifying areas of great need in an organization and then telling them how they can address them in a month, or even six months from now. Six months to benefit just doesn’t cut it in this economy.”