Gartner Research

Q&A: Master Data Management and Finance Systems

Published: 22 April 2008

ID: G00156604

Analyst(s): Nigel Rayner

Summary

MDM is a hot IT topic, but few IT professionals understand the interplay between MDM and finance systems -- particularly with financial consolidation applications. This understanding is key to preventing a disconnect between financial and nonfinancial data.

Table Of Contents
  • Why is there a disconnect between financial and nonfinancial data?
  • What is MDM and why is it relevant?
  • How are financial consolidation and MDM related?
  • How can MDM help build semantic consistency of master data between financial and nonfinancial data?
  • How should MDM form part of a finance systems strategy?

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