Gartner Research

Key Master Data Management Principles for Integrating Financial and Nonfinancial Data

Published: 12 March 2019

ID: G00707394

Analyst(s): Finance Research Team

Summary

Integrating financial and nonfinancial data enables richer analysis of business performance, but companies risk taking a fragmented approach. FP&A leaders should apply three master data management principles to set clear, practical perimeters that minimize the effort associated with data integration.

Table Of Contents

Challenge

MDM Principles

Standardize Common and Shared Data First

Demonstrate the Long-Term Benefits of Shared Data

Clarify the Rights of Data Owners

Conclusion

About This Research

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