Enterprise Resource Planning (ERP) has brought transaction processing and operational efficiency to new levels. Yet many organizations continue to struggle with inadequate management reporting and decision support, leaving decision makers without the information they need. Executives must ask themselves which information truly matters, and whether managers outside Finance can also use it. Weeding out noncore data makes it easier to gauge how management and reporting systems guide the company’s growth, and then modify them to better meet future business objectives.
The first step toward high-quality company data is examine existing performance metrics and determine what it will take to make faster, more intelligent business decisions. PwC clients benefit from superior performance-management systems—reap the benefits of new reporting tools, merge diverse data for a wider perspective and improve budgeting and forecasting protocols in order to tackle emerging business issues. Shift your focus from data aggregation and reconciliation to data analysis, and cultivate the objectivity to see only meaningful information flows over the long term. Then drive your assessments.