It might be easy for McDinald’s to create a hamburger that tastes the same no matter what country ir is served in, but it is not easy for enterprise to apply the same business rules, accounting principles and financial reporting practices to operations in different countries. To paint an accurate financial picture, global enterprise have to put in place systems that compile financial date from geographically dispersed divisions using a myriad of technological applications and a variety of accounting practices, business rules and cultural expectations.
The right BI application should provide organization with:
Integration and Financial Accuracy: It is a key to find a single, integrated application that will provide your organization with one central repository for enterprise-wide financial and non-financial data. This single application and information repository should result in enterprise-wide financial integrity, elimination of redundancy, consistent application of business rules and f firm knowledge that business decisions are being made from a basis of financial truth.
Fast and Accurate Reporting: Fast and accurate report will give you and your executives more time to analyze data. A more thoughtful analysis of the bottom line allows you monitor results against set objectives and develop more meaningful, long term strategic plans that are actionable. It also enables you to peer into the depth of your complex organization and gain an insightful view of its financial reality.
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