Data Accuracy and Consistency
12
June
(CZ) CPM vs. ERP – Rychlý průvodce transformací financí
Stejně jako vše kolem nás, i oblast řízení podnikového výkonu ...
With growing complexity of organization there is a need to establish standards, processes and governance rules over master data. Master data are the lowest level data objects, where data are processed, stored, reported or analyzed in the applications. Typically, this comprise of entities, units, chart of accounts, KPIs, ratios or supplementary account. Varying by processes, this extends through other dimensions such as movements, data sources and auditing layers, products, customers, channels or many other operational slices.
Our solutions provide best-in-class data governance capabilities meeting your needs. If the organization operates separate master data management solutions beyond finance, we link our solutions to these tools or analyze the best design data flow.
In summary, the critical benefits of having good governance and strategy for managing financial and non-financial master data within CPM include data accuracy and consistency, data integration and interoperability, regulatory compliance, enhanced data security and privacy, efficiency and cost savings, and improved decision-making and performance management. These benefits contribute to organizational resilience, transparency, and the ability to drive sustainable growth.
defining the attributes, hierarchies and relationships of master data elements to support effective reporting, analysis and decision-making
enabling to integrate and transform financial and non-financial master data from disparate sources into a unified and consistent formats
offering data migration strategies, tools and expertise to ensure a smooth transition and minimal disruption to ongoing operations
as the quality of master data models and the underlying financial and non-financial reporting strategy is crucial
to establish solid master data flow and governance strategies within the core enterprise applications and tools
facilitating seamless data flow, enhancing data integrity, and enabling comprehensive reporting and analysis
If you need to transform financial management and innovate key application and process infrastructure, cooperation with SIMPLEBEEZ has pushed us forward from the very first moment. They performed a gap analysis and compiled a detailed transformation roadmap. They connected the finance and IT teams, their interests, priorities and strategies and set clear process and application goals, optimal for supporting the future growth of the entire Packeta Group.
SIMPLEBEEZ team is able to quickly implement modern FP&A and financial processes, in our case planning and financial consolidation specifically.
SIMPLEBEEZ has very experienced managers, with a unique combined knowledge of finance, IT and process management, who can very quickly develop the necessary influence and insight into the business and focus on the result. At the same time, they are apolitical and can roll up their sleeves and get most of the complicated stuff done, which I find the most valuable. I certainly recommend their engagement for larger transformation programs to all organizations that are aiming for added value and results.
We approached SIMPLEBEEZ for cooperation on the consolidation project, which included all phases, from the initial analysis, implementation to the handover of the finished working process.
Most of all, I do appreciate the speed of identifying what our company exactly needs, the natural integration into the internal team and the connection to the company's processes so that we move quickly and efficiently towards the goal.
I consider the efficiency of the consulting team and excellent project management to be the biggest asset for us. It goes without saying that the extensive expertise of all members of the consulting team and their high level of commitment at times when the project needs to be moved forward is a matter of course.
As the Packeta Group grows and expands rapidly, it requires transformation of processes, IT solutions and management of group corporate finance. SIMPLEBEEZ quickly fit in with the internal teams and were involved in leading the group's ERP implementation project.
This has so far included the design of process and data architecture, running the RFP and supplier selection process, project management, complete ownership of functional process design and implementation for the area of finance, procurement or logistics, including testing and transfer of know-how to internal teams.
At the same time, they act as an efficient connector and moderator between finance, HR, IT or operational teams. SIMPLEBEEZ team provided the unbiased view, necessary experience with similar projects and innovative approaches required for our transformation from a Central European startup to a Pan-European player.
They helped us to set up, strengthen and innovate the processes that needed to be adapted to the rapid growth of the Group.
We are happy to start new partnership with OneStream and SIMPLEBEEZ to transform our reporting and consolidation processes and enable us to be more flexible and prepared for further business expansion. We think OneStream is one of the foremost systems to handle our complex financial requirements in a single unified platform.
Also, we have chosen SIMPLEBEEZ implementation partner due to their hands-on experience with similar complex projects. This partnership will allow KKCG to drive growth through streamlined processes, data-backed insights and a single source of truth within the organization
For me as CTO, SIMPLEBEEZ team brings great value with their ability to connect technical, financial and operational teams by being able to devise and build process and financial operating models in applications such as ERP or CPM and systematize them into data models and integration layers.
With their broad combined knowledge of both finance and IT, they are able to manage the implementation and bridge traditional misunderstandings between people with different backgrounds in the organization. This ability reduces the risks of innovation and digitization programs and leads to intended results.
Stejně jako vše kolem nás, i oblast řízení podnikového výkonu ...