Masterdata Benefits

Every organization is different and has a unique set of masterdata requirements. However the measurable benefits that a coordinated approach to masterdata provides are universal and range from increased productivity and improved quality of data, to cost reduction and optimized systems integration. Masterdata governance changes the role of the finance function, away from manual data manipulation, report creation, reconciling and trouble shooting, to leading the business through proactive analysis.
 

Seismi IconGOVERNANCE

REPORTING

INTEGRATION

OPTIMISE MONTH-END CLOSE – through pro-active, rather than reactive, governance process.

OPTIMISE MONTH-END CLOSE – through pro-active, rather than reactive, governance process.

OPTIMISE MONTH-END CLOSE – through pro-active, rather than reactive, governance process.

CHANGE MANAGEMENT – reduce business risk by gaining control of important masterdata.

STANDARDISED REPORTS – standard reporting across multiple entities, charts and platforms.

CHANGE MANAGEMENT – adapt to evolving strategy (e.g integration of new acquisitions).

TRANSFER MASTERDATA OWNERSHIP – from technical to business staff.

TRANSFER MASTERDATA OWNERSHIP – business control masterdata ownership.

TRANSFER MASTERDATA OWNERSHIP – business control mappings between systems.

MODELLING – understand changes before implementation.

MODELLING – rapidly deploy standard EPM solutions to new acquisitions

AUTOMATION – “Zero Touch” or “Lights out” ETL (Extract, Transform & Load) process.

ALIGNMENT – standardise reports and masterdata definitions across consolidation, EPM & ERP.

ALIGNMENT – standardise reports and masterdata definitions across consolidation, EPM & ERP.

MINIMISE FAILURE POINTS – reduce the number of points where processes can fail.

DATA TRANSPARENCY – allow users to easily interrogate and review structure and mappings.

DATA TRANSPARENCY – the ability to understand the transactions that underpin reported number.

SIMPLIFY – reduce the complexity required to transfer data between applications.

MULTIPLE REPORTING VIEWS – support multiple, complex views (e.g. finance, management, operations).

MULTIPLE REPORTING VIEWS – support multiple, complex views (e.g. finance, management, operations).

HOLISTIC – integrate ERP with EPM systems, including reporting and consolidation.

COMPLIANCE – Meet audit & regulatory requirements.

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