Published: 12 March 2019
ID: G00707394
Analyst(s): Finance Research Team
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.
Challenge
MDM Principles
Standardize Common and Shared Data First
Demonstrate the Long-Term Benefits of Shared Data
Clarify the Rights of Data Owners
Conclusion
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