The Data Foundation Your CPM Initiative Needs to Succeed

/in /by BPM Partners

Sponsored by DataRails

  • Crucial to the success of every BPM/CPM/EPM solution is a solid and well-conceived data foundation, which helps establish and maintain one authoritative set of numbers to give credibility to forecasts, budgets, reports and analysis.
  • Author: BPM Partners
  • Date: August 2021
  • Pages: 11
  • Request your copy today by completing the White Papers Request form.

Executive Summary:

Companies preparing for a CPM project to upgrade their FP&A, often confront the obstacle of an incomplete or poorly built data foundation. Data quality issues and information siloes are common, data transformations may be difficult, and manual processes for accumulating information typically need to be replaced. Without a proper data foundation, different business units may disagree on which version of the truth is the correct one, and the organization will struggle to agree on performance outcomes and metrics. Lack of trust in the numbers will hinder decision-making.