Tag "reference data management"
The global pandemic has seen more and more companies accelerate their move to the cloud and become more cost-efficient, agile, and innovative. As an on-demand, self-service environment, the cloud is now vital to achieving end-to-end digital transformation. Now, more than ever, the cloud is helping businesses reinvent and outmaneuver uncertainty. Cloud migration initiatives, such as... more
Finance data lives in many places within the company and goes by many names—chart of account, cost center, product code, business units, projects, legal entities, as well as core reference data such as billing codes, taxonomies, geocodes, and product classifications. And the finance functions of most organizations typically have a process for managing and changing... more
Over the last few years, we have seen a wave of developments that have had an impact on executive decision-making. CFOs have been at the center of this disruption, as their role in the last five to 10 years has changed dramatically as more and more responsibility has been put on their plate. Today’s finance leaders not only need to arrive at recommendations at critical junctures for the organization, they also need to show how... more
Organizations are constantly looking for ways to generate more revenue, cut costs, and improve efficiencies. To that end, many are streamlining data management by using a master data management (MDM) strategy to provide a single, consistent view of business data across the enterprise. MDM removes disparate, duplicate, and conflicting information to simplify reporting and business intelligence... more
It’s 11:00 pm, and we find three friends—Data Geek, Dr. Know, and Cloud Ninja—sitting at a hotel bar, sipping their drinks. Their conversation goes as follows: Dr. Know: Data Geek, why do you look worried? You’re usually so cheerful and jovial. Data Geek: You know me too well. I am enjoying the beer and the... more