Library

March 22, 2022

The workshop was aimed to address the significance of quality data in data-driven companies, particularly in light of the challenges faced during the pandemic. It was designed for various employees, including business analysts, data stewards, IT engineers, and business users, to collaborate and improve data quality and trust. Focusing on customer data and user experience, ...

March 22, 2022

In the “Prepare an Optimistic/Pessimistic Annual Budget” webinar, decision-makers will learn the importance of considering both the most likely outcome and the worst-case scenario when making decisions. The webinar aims to teach attendees how to create an optimistic and pessimistic annual budget, enabling them to be prepared for different scenarios. By understanding how to plan ...

March 15, 2022

The demo highlights the advantages of a fast financial close, emphasizing that it enables companies to take swift action on financial matters and conduct thorough analysis. Attendees will be shown how to achieve a three-day book closure without compromising the accuracy and integrity of financial data. It illustrating the practical steps to accomplish this efficient ...

March 8, 2022

Multinational companies face the challenge of operating in various regions with different currencies. To ensure accurate financial reporting, they must report in the currency of the region where the majority of their cash is earned and spent, known as the functional currency. Foreign currencies need to be translated into the functional currency using appropriate exchange ...

March 1, 2022

For companies that are part of an international group operating in countries where both IFRS and GAAP standards are utilized, preparing financial reports in multi-GAAP becomes necessary. This allows them to comply with reporting standards by providing reports to the national regulator under local GAAP and to the group under IFRS (or vice versa). In ...

February 22, 2022

Proper cost allocation from the cost center (e.g., Administration where costs incur) to a profit center (e.g., Sales where profit is generated) is a crucial accounting task. The step-down cost allocation demo will illustrate how to use a step-down method in multiple steps to allocate general expenses to profit centers. In the second step, costs ...