Getting the Most from Data Relationship Management
Posted by Doug OKeefe on Tue, Dec 15, 2009 @ 06:59 PM
Written by Kevin Barth
Crown customers are always looking for ways to leverage technology for improved business and IT operations. With a strategic use of hardware and software, you can cut costs, simplify processes, boost productivity, and on and on. When we see companies deploy new Oracle enterprise performance management systems, for example, they see immediate and widespread returns in the form of improved understanding of corporate finances and operational data. But hidden in the databases that store critical corporate data are opportunities for less obvious but nonetheless weighty business and process improvements.
We're talking about data relationship management. You might already be considering the Oracle Hyperion Data Relationship Management solution or may have even purchased it and are looking to implement it soon, or maybe you've already installed it. But regardless, Crown can show you specifically how the solution can help you proactively manage changes in master data across operational, analytical, and enterprise performance management (EPM) silos. We can also help you implement and maintain it. And for companies that have already deployed it, we can help you get the most from your investment.
When companies are benefiting from a strategic implementation, Oracle Hyperion Data Relationship Management builds consistency within master data assets. This is especially difficult to achieve for companies with endless changes occurring within the underlying transactional and analytical systems. Yet Oracle's solution-the first-ever data model-agnostic master data management (MDM) tool-delivers financial and analytical MDM in these dynamic business environments.
Here's how it works. At the highest level, the solution delivers accurate and timely master data to support day-to-day operations, EPM, and business agility. And that's whether you're processing analytical master data such as reporting structures and business dimensions, or financial master data such as accounts, legal entities, cost center, and other hierarchies.
Taking a closer look, it offers other important capabilities. Hierarchy management is simplified and improved, with drag-and-drop hierarchy maintenance, side-by-side hierarchy comparison, one-click navigation, and built-in referential integrity. Change management and control functions include reconciling cross-functional perspectives to a master record, with the flexibility for users to make changes through customized views. To meet audit and compliance requirements, you can query, view, and report on point-in-time or a full history of master data changes. It also allows hot-pluggable integration with workflow tools using web services.
So what does this mean to you in terms of business benefits? Users can easily make data changes using the solution. You can reduce or eliminate errors in data flow between analytical and operational systems, plus ensure consistent corporate definitions and metrics. You'll also save time and resources typically spent reconciling reports across business units. Manual IT data maintenance tasks are minimized while you maintain data integrity across systems and departments. You can even enhance data integrity by performing what-if scenarios and impact analyses. And importantly, you can achieve compliance with Sarbanes-Oxley and other industry regulations.
This all sounds great to companies and IT departments hoping to improve their MDM activities around EPM master data. But unless you're equipped with the best-practices know-how on implementing, using, and maintaining Oracle Hyperion Data Relationship Management, you'll be challenged to achieve its intended results. But that's where Crown Partners comes in. Whatever your stage of implementation-from still shopping to already purchased and installed-we can help. Some of the related services Crown offers include:
- Conducting a requirements review with selected business and IT users
- Analyzing existing EPM application metadata
- Developing a working DRM model to integrate the master data from your existing EPM system
- Producing relevant design documents
- Implementing account and entity hierarchies and reports
- And more
Whatever your needs around Oracle Hyperion Data Relationship Management, we offer the services to get you there. We're a Certified Oracle Partner with extensive experience in successfully delivering solutions for the Oracle Hyperion platform. With Crown's assistance, our customers achieve better ROI from their Oracle Hyperion solutions, while knowing they can depend on Crown for any future Oracle Hyperion needs.
Questions or comments?
info@crownpartners.com