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Big Data Analysis Methods, Techniques & Tools

WEBData analysis (DA) is the process of collecting data and drawing conclusions and insights from data sets. Data sets can come in the form of text, video, or audio and …

Actived: 5 days ago

URL: https://www.solvexia.com/blog/big-data-analysis-methods

What is Variance Analysis: A Frontier for Analysis

WEBThere are a variety of ways by which you can assess your business’ overall financial health and success. By utilising data analytics and performing variance analysis, you may …

Category: Health Go Health

Month End Closing Process: Ultimate Guide for Success

WEBIn any type of business process, we are firm believers that there’s always room for process improvement. When it comes to the month end closing process, try to: 1. Use checklists. …

Category: Health Go Health

Strategic Risk Examples & How to Tackle Them

WEBPoor press or events can affect brand loyalty and market share. 3. Political risk. Political volatility affects supply chain, pricing, and demand. 4. Governance risk. With poor …

Category: Health Go Health

Key Risk Indicators: Examples & Definitions

WEBA key risk indicator is an indicator, or metric, used to assess and measure a possible risk. A simple way to think about a KRI is to consider it like you do an alarm. If something is …

Category: Health Go Health

10 Continuous Improvement Examples You Need to Know

WEBBusiness improvements not only benefit the bottom line, but they also improve quality, safety and both employee and customer satisfaction. 54% of continuous improvement …

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What is Month End Reconciliation

WEBManagement, regulatory agencies, lenders, and stakeholders all rely on accurate financial statements to make their decisions. In order to ensure that a …

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5 Types of Risk Mitigation Strategies for Business Success

WEB1. Less Loss. Of course, the goal of mitigation is to lower the outcome of a potential risk from negatively impacting your business. As such, the main benefit is lessening the …

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What is GL Reconciliation

WEBGeneral ledger reconciliation, or GL reconciliation, is necessary to know that your financial statements are accurately reflecting your financial status and health. In some cases, an …

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Monthly Balance Sheet Reconciliations Best Practices & Tips

WEB1. Separate Data. One of the most commonly reported challenges of balance sheet reconciliation, or any type of reconciliation for that matter, is disparate …

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Month End Close Best Practices: Steps, Checklist, Tips

WEB5. Automate, Automate, Automate. We’ve drilled this point throughout the entire article because it is quite possibly the best single step you can take to completely …

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Complete Guide to Balance Sheet Reconciliations

WEB1. Importance of Balance Sheet Reconciliations. Balance sheet reconciliations are crucial for businesses from both regulatory, compliance, and functional perspectives. As a core …

Category: Health Go Health

Month End Accounting: Process, Checklist & Guide

WEBThe month end accounting process to close the books is a recurring set of steps that businesses must take to make sure that it has properly recorded and reconciled its …

Category: Health Go Health

Accounting Month End Close Process, Checklist & Tips

WEBFor the accounting month-end close process, you’ll start by transferring all balances across revenue accounts to the income summary. 2. Close Expense Accounts. Then, you’ll …

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Financial Reconciliation: Step by Step Process

WEBMethods of Financial Reconciliation. There are two main methods by which companies perform financial reconciliation. Regardless of which method you use, reconciliations …

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11 Ideas for Process Improvement: Examples & Tips

WEBWith process improvement, customers get to gain from better customer service, as well as improved product quality. As a result, customer satisfaction …

Category: Health Go Health

Rebate Accounting: Procedures, Challenges & Solutions

WEBA rebate is a retroactive payment back to a buyer of a good or service. After the sale has been made, the rebate lowers the full purchase price by returning either a lump sum or …

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