By Neela Chaudhari on Mar 13, 2014
Oracle EPM Webcast
Oracle EPM Webcast
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Now Available! - Webcast Replay
As an Oracle customer, you know that Oracle is the premier provider of Commerce Solutions. Now you can take your customer experience to the next level by enhancing the data in your systems by adding EDQ (Enterprise Data Quality) to further boost the effectiveness and ROI of the systems you already have. If you are like most organizations, the quality, completeness and consistency of your customer, partner, and/or product data in your systems is much less than you may know and that may be undermining the effective operation of your systems. But how do you know? Do you have quality metrics? Do you have a quality governance program? Do you know how much any of this may be undermining the expected ROI from your Commerce Solutions? Learn how you can develop a data quality program, reduce support costs, improve customer satisfaction, and drive future growth.
See how you can enhance your CX applications to take your Customers Experience to the next level. You’ll discover: The importance of data quality in providing a rich and engaging experience with your customers from their first interaction on your website. You will learn to create a Data Governance program to optimize customer experience and how Oracle’s Customers transformed their online Commerce experience by leveraging Enterprise Data Quality,
This one hour webcast replay is with Martin Boyd, Senior Director of Strategy for Oracle Enterprise Data Quality and Tamer Chavusholu, Managing Consultant at Kaygen.
Learn how to leverage a data quality program to dramatically improve your Customer Experience!
What are the benefits and methods of developing a
great Data Quality and Governance program?The longest journey begins with a single step, and so it is with data quality.
Tune in to this AppCast session with Martin Boyd, Senior Director, Product Strategy, Oracle and Tamer Chavusholu, Managing Partner, KAYGEN as they discuss the various approaches seen around data quality programs and how data quality maturity builds over time. You will learn best practices and where the best project ROI comes from.
Are you based in the bay area or plan to be in the bay area on July 17-18? If so, we would love to see you at the MDM & Data Governance Summit at the Hyatt, Fisherman's Wharf. Hear Doug Cosby, Vice President, Research & Development present on Thursday, July 18th at 10:50AM-11:40AM with Jeff Slatter, Associate Vice President at TD Bank, the 6th largest bank in North America. Doug will be introducing the addition of Oracle Data Relationship Governance to the Oracle MDM & Data Governance portfolio. Learn how your organization can benefit from Oracle’s latest innovations in MDM and Data Governance to construct an agile enterprise.
We hope to see you there!
The Gartner MDM Summit is almost here !! Oracle is a PLATINUM sponsor of this event and geared up for a great show next week. We have an information-packed session planned with SONY PlayStation as our featured customer for the session. I strongly urge those of you attending the conference next week to make it a point to attend -- you won't regret it.
Our session next week is centered around a customer case study, hear what worked for them, why they chose Oracle and the value of MDM.
In addition to the case study session - don't miss visiting our demo pod for live demos of MDM and Enterprise Data Quality. For more informatimon on Oracle's session click here.
Master Data Management, Data Quality and Data Governance are more important than ever when it comes to consolidation, standardization and accountability for data. A growing number of C level executives are seeing that enterprises need these solutions to supplement the multitude of applications already installed and deployed in their organization. Take a look at this article on the oracle.com's C-Central site http://www.oracle.com/us/c-central/cio-solutions/information-matters/importance-of-data/index.html and read about the MDM, Data Quality and Data Governance trifecta.
By Rahul Kamath
Enterprises must move at a rapid pace to establish and retain global market leadership by continuously focusing on operational efficiency, customer intimacy and relentless execution.
Reference Data ManagementAs multi-national companies with a presence in multiple industry categories, market segments, and geographies, their ability to proactively manage changes and harness them to align their front office with back-office operations and performance management initiatives is critical to make the proverbial elephant dance.
Managing reference data including types and codes, business taxonomies, complex relationships as well as mappings represent a key component of the broader agenda for enabling flexibility and agility, without sacrificing enterprise-level consistency, regulatory compliance and control.
Periodically, companies find that processes implemented a decade or more ago no longer mirror the way of doing business and seek to proactively transform how they operate their business and underlying processes.
Financial transformation often begins with the redesign of one’s chart of accounts. The ability to model and redesign one’s chart of accounts collaboratively, quickly validate against historical transaction bases and secure business buy-in across multiple line of business stakeholders, while continuing to manage changes within the legacy general ledger systems and downstream analytical applications while piloting the in-flight transformation can mean the difference between controlled success and project failure.
Attend the session titled CON8275 - Oracle Hyperion Data Relationship Management: Enabling Enterprise Transformation at Oracle Openworld on Monday, October 1, 2012 at 4:45pm in Ballroom A of the InterContinental Hotel to learn how Oracle’s Data Relationship Management solution can help you stay ahead of the competition and proactively harness master (and reference) data changes to transform your enterprise. Hear in-depth customer testimonials from GE Healthcare and Old Mutual South Africa to learn how others have harnessed this technology effectively to build enduring competitive advantage through business process innovation and investments in master data governance.
Hear GE Healthcare discuss how DRM has enabled financial transformation, ERP consolidation, mergers and acquisitions, and the alignment reference data across financial and management reporting applications. Also, learn how Old Mutual SA has upgraded to EBS R12 Financials and is transforming the management of chart of accounts for corporate reporting.
Separately, an esteemed panel of DRM customers including Cisco Systems, Nationwide Insurance, Ralcorp Holdings and Mentor Graphics will discuss their perspectives on how DRM has helped them address business challenges associated with enterprise MDM including major change management initiatives including financial transformations, corporate restructuring, mergers & acquisitions, and the rationalization of financial and analytical master reference data to support alternate business perspectives for the alignment of EPM/BI initiatives.
Attend the session titled CON9377 - Customer Showcase: Success with Oracle Hyperion Data Relationship Management at Openworld on Thursday, October 4, 2012 at 12:45pm in Ballroom of the InterContinental Hotel to interact with our esteemed speakers first hand.
Recently Oracle sponsored a study from an independent analyst firm, Dan Power, from Hub Designs, All the Ingredients for Success: Data Governance, Data Quality and Master Data Management. Please click to download this latest paper from our Oracle Master Data Management resource kit. This paper discusses the role the data quality plays as an equal component of an enterprise information management or master data management initiative, typical business considerations for data quality, as well as best practices for integrating multi-domain MDM with customer/party data quality and product data quality.
Excerpt from the paper:
Today, businesses need to have the Single View of their master data, and to be able to “Create Once, Use Many” in order to be lean, and indeed, to survive. The silos that are still so prevalent do nothing but increase costs, hurt business and IT agility, and result in bad decisions being made (because of low quality, inaccurate, inconsistent data). If we implement Enterprise Data Quality tools, master data management solutions, and remember that these technologies must be driven by business-led data governance organizations, we’ll be able to break down those silos, and have enterprise-wide master data repositories that lead to streamlined processes, lower costs, better decisions, and more agile organizations that can compete better in global markets.
A quick example: A UK travel company restated its 2009 financial results due to issues arising from using two separate IT systems after the 2007 merger of two companies, in the amount of $191.8 million US dollars (£117m). This type of persistent operating silo is all too common in the companies I see, but this is probably a worst case scenario. But look for those costs that MDM, data governance and data quality can help your enterprise avoid, the revenue increases they can help you realize, and the compliance improvement and agility increases they can bring to your company. Those reductions, improvements and increases are very real. I’ve worked with enough companies now to know firsthand that MDM is not a fad or a trend, but a real force in the marketplace. And it’s experiencing growth of 18% at a time when the enterprise software market as a whole is only growing at about 5.6%.
Or learn more about Oracle’s MDM strategy by going to www.oracle.com/goto/mdm