A coherent data strategy ensures your data resources can be re-used, shared and moved easily and efficiently across your organisation. When allied with an effective master data strategy, the benefits are magnified significantly.
Let us help you define and deliver a strategy that minimises data duplication, ensures continuous improvement and encourages data and master data best practices across your organisation.
Let us help you define the key elements of your data strategy: Identify (data sets and associated metadata are clearly documented), store (data is available for future access without requiring everyone to create their own copies), provision (data must be packaged and prepared for sharing), process (the tools and processes to produce data that individuals can use – without IT involvement) and govern (the controls framework that allows data to adapt to changes in technology, process or methodology).
Data management is the realisation of your data strategy and refers to the practice of collecting, keeping, and using data securely, efficiently, and cost-effectively. The goal of data management is to help people and organizations to optimize the use of data within the bounds of policy and regulation so that they can make decisions and take actions that maximize the benefit to the organization.
Your master data strategy should be aligned with data strategy. Data makes no sense in isolation. Well defined, documented and standardised master data brings real meaning and real value to your data allowing you to make well considered and qualified decisions. Let us help you understand to align your data and master data strategy.
Modern organisations are complex organisms spanning multiple sectors, each meeting their process and reporting needs in disparate ways. This complex topology creates a considerable data management challenge with data needed from multivarious multiple applications to meet complex reporting requirements. With our significant experience in master data and data management we can help you standardised and automate these data feeds in a method that will reduce risks and improve control.
Your reporting process is only as strong as its weakest link. Identify, understand and eliminate risks to your data lineage by implementing effective data and master data governance processes
Get our experienced consultants to review your approach, tools and processes that underpin your financial reporting
