Financial Data Quality Management
- The Challenge: Complex, inefficient financial reporting processes
- Crown Solution: Financial data quality management
- Business Benefits: Streamlined financial data management, improved accuracy and productivity
The Challenge
Companies face countless challenges while trying to manually collect, organize, validate, and maintain financial data. As a result, these internal financial processes are typically very time-consuming and highly inefficient, and often produce unreliable financial data. To eliminate risk, finance departments must improve the quality of internal controls and the financial reporting processes.
Crown Solution
Crown's Financial Data Quality Management solution provides your finance professionals the capability to develop a standardized financial data management process compatible with any data source system. With its workflow interface, the solution produces detailed audit reviews, instant data validation, and error checking. Financial Data Quality Management simplifies the financial data collection and organization process while producing accurate data and improved productivity for your finance professionals.
Business Benefits
Crown Partners enterprise performance management consultants can assist you in building an automated, standardized, accurate financial process. Our specialists have developed financial data management accelerators to reduce related data-integration implementation time. These accelerators demonstrate useful financial data management functionality and can assist you with your own development efforts. Each accelerator offers unique capabilities and benefits:
- Get HFM Entities – Shows how to get all descendants of an HFM entity parent as well as how to evaluate those members as base level
- HFM Data Extract – Produces an HFM data extract for a single entity
- Execute Essbase Calc – Launches an Essbase calculation
- POV Driven Essbase Extract – Demonstrates the ability of Financial Data Quality Management to dynamically build and launch a report script as well as its ability to call an existing script
- POV Driven Batch Load and Status Check – Performs robust batch processing and error-trapping functionality, checks the status of each file in a batch, indicates overall batch success, and prepares a status email
- Task Flow Security – Provides the ability to evaluate security access and grant permission to task flows as desired
- Launch External Applications – Demonstrates the ability of Financial Data Quality Management to call external programs such as a MAXL script
- Custom Table View – Opens a user’s relational table for input; this script would typically be launched from task flow menus
