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Advice and Information for Finance Professionals

Why Data Management is Key to Successful Enterprise Change

Guest Author

By Emma Yu, Product Marketing Director, Oracle

It’s a general principle that a company won’t survive long-term without innovating or transforming itself. This is crystal clear if you look at the S&P 500, where the average time spent on the list has been decreasing for decades. It’s estimated that half of the S&P 500 will be replaced over the next 10 years.

Among the common reasons why companies perish: the business filed for bankruptcy, lost major market share to competition, or another company acquired it.

One critical growth strategy deployed by companies to transform and stay relevant is M&A activity. In recent years, records have been set for deal-making. In 2016, more than $4.5 trillion in merger and acquisition transactions took place, and 2017 forecasts show no signs of this trend slowing down.

Companies, however, find planning for and assimilating M&A and other transformational events extremely challenging. According to Deloitte’s year-end 2016 M&A trends report, effective integration planning remains the number one factor to ensure mergers work.

M&A events often introduce business, organizational and technology changes such as reorganizations, sales territory realignment, chart of accounts redesign, and migration to new (often cloud-based) systems. All too often, much of the work to assimilate these changes is done manually with spreadsheets—introducing data quality, consistency, and integrity challenges.

Gaining a Close-up View of Enterprise Data Management

Organizations need the ability to compare, analyze, and standardize structural changes to drive business and technological transformation. They also must connect disparate systems to curate and consume application metadata, dimensions, and hierarchies. They must be able to model tomorrow, today—modeling and comparing structural change scenarios before deciding to carry them out.

Are you able to easily cut across complex information silos to model changes based on alternative scenarios for the future? Can you drive effective, ongoing structural changes? Do you trust your business analytics? Can you help your company work effectively in today’s quickly evolving, hybrid cloud environments?

Please join us for a webcast with Financial Executives International (FEI) for some helpful advice on these challenges. We’ll take a closer look at how to drive business transformation through the power of your enterprise data assets, including:

  1.  Aligning your enterprise applications
  2.  Assimilating business changes faster
  3.  Accelerating cloud adoption

This one-hour webcast counts as one CPE (continuing professional education) credit, so be sure to join us for this educational discussion.

Register now for “The Key to Successful Business Transformation—Enterprise Data Management.”

 

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