London (PRWEB UK) 3 March 2016
The past 10 years has seen a great focus on control and compliance of financial applications and processes and much has been achieved. The discussion around master data has been about why it is a critical asset to businesses. Now companies have turned their attention to master data as the engine that can drive this greater standardization and control. Progress has been made in getting to grips with a complicated ‘cleansing’ process and priorities are shifting to longer term goals that include how and what they need to be doing to ensure their management and governance of master data is optimised for achieving business goals.
Irrespective of the myriad technologies for the technical management of master data, the challenge is a broader one of managing master data as an ongoing process - as a governance issue. There are some essential overarching strategies and best practices on the master data governance path, which will be shared together with practical experiences at this event.
Whatever the motivation behind a data governance initiative, whether it be for financial control and compliance, elimination of waste and error or for finance process optimisation, master data is the foundation stone of ERP enabled business processes, and is the driver behind transactional activity. Consequently, the need for standardisation and control is a key priority for finance, risk and IT leaders.
Topics of discussion include how to systematically manage harmonised master data, how it can become the "golden asset" of a business, and how to address and solve challenges using best practices and industry solutions.
This event will take place on the 10th March. The presenter Hans Van Nes, COO of Consider Solutions, is a regular speaker on World Class Finance, control and compliance and risk management.
This webcast will particularly appeal to those from a master data management, governance and compliance, shared services, financial operations or internal control background.
About Consider Solutions:
Consider Solutions has crafted a unique offering over the last 14 years that blends proven management consulting skills with a thorough grasp of evolving information technologies. Consider's expertise is in optimizing financial processes, managing risk and simplifying the burdens of compliance. Our shared goal is to help all types of organizations achieve and maintain a state known as World Class Finance.
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