TopDown Consulting Publishes White Paper on Streamlining Financial ReportingFebruary 22, 2011 No Comments
SOURCE: TopDown Consulting
TopDown Consulting, Inc., the preferred Hyperion/EPM solution partner for many of the largest and best performing Global 2000 companies, today announced the publication of its latest enterprise white paper, “Leveraging an Analytical Master Data Management Methodology to Improve Financial Reporting.” A free download of the white paper is available at http://bit.ly/gkN5Mb.
“Achieving these advantages and gaining a 360-degree view of all your financial data doesn’t have to be a pipe dream,” says Juan Porter, founder and president of TopDown Consulting. “It just takes the right team and the right technologies. We are seeing TopDown clients adopting Analytical MDM and DRM and increasing business unit productivity by 30-50 percent as well as reporting reductions in closing times of up to 70 percent because DRM helps keep their reporting hierarchies in sync.”
The white paper examines the role of Analytical Master Data Management (MDM) in the enterprise and demonstrates how the incorporation of Oracle Hyperion’s Data Relationship Management (DRM) into an Analytical MDM strategy can help an enterprise create and maintain alignment between the operational and the analytical business data.
This creates a single version of the truth where multiple versions may have previously existed, which in turn streamlines and improves financial reporting throughout the enterprise. This can also lead to increased business efficiency, improved IT functionality, and greater regulatory compliance. The ability to track and report on every aspect of the enterprise efficiently facilitates compliance with Sarbanes-Oxley and other industry regulations.
“Analytical MDM is the glue that provides the dimensionality—and associated metadata and cross- referencability—for converting operational and financial data into analytical data,” says Al Moreno, solution architect at TopDown Consulting, who has led over 40 MDM installations in aerospace, engineering, nuclear power, pharmaceutical and other industries. “By unlocking these key pieces of information, an enterprise gains near real-time access to the analytical information that it needs to maintain a competitive edge in today’s 24×7 business environment.”
The new TopDown Consulting white paper builds on its MDM expertise with a review of the underlying causes of data inconsistency across an organization and the challenges that inconsistency poses to operational efficiency. It then shows how an enterprise can make optimal use of Oracle Hyperion DRM and an Analytical MDM strategy to overcome these challenges and gain dramatic operational efficiencies, including:
- Enhanced enterprise performance management
- Increased IT and business collaboration
- Improved master data change management
- Easy management of non-compliance risk
- Enhanced reporting integrity
On March 16 at 10:00 a.m. Pacific time, TopDown Consulting will be presenting a complimentary webinar, “Achieving Exceptional Reporting with MDM and Oracle Hyperion DRM.” To join the event, please visit http://bit.ly/ifSxzr.
For more information on TopDown Consulting, please visit http://www.topdownconsulting.com. For additional perspectives, please visit and subscribe to the TopDown Consulting RSS blog feed at http://blog.topdownconsulting.com/, and follow the company on Twitter at @TopDownInc.
Press Releases: http://www.topdownconsulting.com/news-events/press-releases/
About TopDown Consulting, Inc.
Founded in 2000, TopDown Consulting is the preferred Hyperion/EPM solution partner for many of the largest and best performing Global 2000 companies. TopDown’s repeatable, scalable engagement methodology specifically considers an organization’s unique business requirements and accommodates them through technology, process, and best practices gathered from years of working with leading companies across all industries. As an Oracle Platinum Partner, TopDown Consulting is a recognized leader in strategy, assessment, implementation and optimization of Hyperion solutions. TopDown’s exclusive focus on client self-sufficiency and commitment to client success is why hundreds of industry leaders consider TopDown Consulting to be a trusted advisor and indispensable partner for addressing all EPM challenges. For more information, visit www.topdownconsulting.com.