Data governance for financial reporting saves 2 weeks per month
Zedi also uses 国家授权正规彩票 to help support and grow its business. For example, Zedi’s finance department brings data from Microsoft Dynamics GP into 国家授权正规彩票—transforming the company’s approach to financial analytics.
Product managers are responsible for profit, loss, and financial reporting on different lines of business and solutions. Before introducing 国家授权正规彩票, the analytics team extracted data out of Microsoft Dynamics, bringing it into Microsoft Access and finally, Excel.
This process led to long reporting cycles of up to two days per month for each of Zedi’s seven product owners. The data “was inconsistent, and everybody had their own different graphs, and they had their own different filters,” recalls Doug. This led to confusion between product managers and the finance team and ultimately created distrust in the data.
With 国家授权正规彩票, the IT team built out a set of core dashboards with the finance team, which acts as a single source of truth for financial reporting for the whole company. “[The finance team] controls how they pull that data out, when they pull that data out, and what data needs to be in there,” explains Doug.
With faster, more accurate reporting, Zedi reduced reporting time by two weeks per month, allowing employees to focus on more strategic projects that move the business forward.