Every CFO has experienced dueling spreadsheets. Rival business advocates present compelling spreadsheets. The arguments are clear and persuasive, backed by an impressive array of quantitative data.
On closer inspection, however, the dueling spreadsheets reveal disturbing inconsistencies in the data. Overall 3Q sales for Region 2 are significantly different; customer data in one points in a different direction than the other. Even data about the company’s products are different. How can that be?
Enterprises struggle to gain a consistent, shareable and accurate single version of data across their enterprises—a single version of the truth—according to Gartner’s latest Magic Quadrants for Master Data Management. Yet, achieving and maintaining a single, semantically consistent version of master data is a critical capability that supports many business drivers, from sales to compliance.
Read more... | Source: The Big Fat Finance Blog.
