In today’s digital age, there is an increasing need for companies to apply modern approaches to their ERPs that enable them to handle corporate finances to gain competitive advantage,” says Neil Anderson, CMO, insights f twar e.com. However, many companies still handle the key aspects of corporate finances such as reporting, budgeting, and reconciliation processes outside their ERP systems using spreadsheets. Such practice results in the creation of multiple versions of spreadsheets and inefficiencies in processing accurate information. In addition, the need to import these spreadsheets back into the ERP slows down overall accounting processes. Insightsoftware.com is in the business of helping accounting and finance personnel get out of the ‘fire fighting mode’ for month-end closures, and relieving them of the security concerns of spreadsheets. The Greenwood Village, CO based company offers comprehensive solutions that integrate with a client’s existing ERP in real-time, providing end users with a fast, secure, easy way to report, manage and plan their finances and improve overall corporate performance.
“We have a lot of people who came directly from the Oracle ERP ecosystem,” says Anderson. “The team is comprised of highly skilled individuals who understand how the ERP is architected to handle corporate finances in relation to the business processes. The company also has finance domain experts— former Controllers and Financial Planning and Analysis (FP&A) professionals. “They joined us because of the unique way we solve the ERP problems,” he adds. A disconnected ERP system has been making the life of a finance professional miserable—and forcing corporations to pay hidden taxes on everything they do —getting in the way of improving the performance of the business. On the contrary, the Hubble® solution from insightsoftware.com stays connected to the critical business systems, like ERP or CRM. Hubble fully understands those systems, the business logic, and the data logic. “We provide pre-built content so that customers get true value out of their ERPs quickly,” quips Anderson.

Mastering corporate finances

Hubble includes prebuilt content for multiple industries including templates for manufacturing, distribution, human capital management, project, homebuilder and real-estate to enhance the productivity of the ERP user. “When enterprises fail to leverage ERPs to have a complete visibility in to their data sets, they are forced to build reports one at a time,” says Anderson. Hubble allows end users to immediately help themselves to the most pressing answers from their data sets. The solution also streamlines business processes, like month-end close, and MRP runs for demand based planning and payroll processing, with intelligent tools that go beyond reporting to make people more productive. Hubble analytics allows end users to analyze information throughout all facets of the business; salesperformance management, human capital performance management, customer service, operational performance management and customer satisfaction for example. Hubble planning capability automates the budgeting process by keeping all stakeholders distributed throughout the business in sync and up to date with the most current actuals in real time from the ERP.