Outsourced Construction Accounting Services: CliftonLarsonAllen CLA

Businesses outsource accounts receivable services for construction to boost cash flow management and minimize the administrative burden. Invensis provides specialized accounting services for construction companies, including invoicing, tracking payments, and handling retainage. Invensis offers specialized construction accounting services to help construction companies manage WIP reporting. WIP reports provide an overview of the financial health of […]

What is Record to Report R2R Process: Meaning, Steps, Cycle, Benefits, Best Practices

Each of these steps is vital for accurate financial reporting and helps organizations stay compliant, efficient, and prepared for decision-making. Data IntegrityEnsuring the accuracy and reliability of financial data throughout the Record-to-Report process is a constant challenge. Inaccurate or inconsistent data can result in errors in financial reporting and analysis. Best Practices for an Effective […]

Collinearity Multicollinearity, Variance Inflation & Correlation

It may be that the sample you are analyzing has restricted ranges for several variables that result in linear associations. This has implications for predictive modelers, who might be faced with different patterns of collinearity in their training and validation data from the data they intend to score with their model. Predictive models have reduced […]