Implementing MDM For Global Finance Chart of Accounts
Business Needs:
Streamline annual budgeting process as part of Zero-Based Budgeting initiative
Support both global and local account structures and nomenclature
Prove out the Informatica Master Data Management (MDM) product functionality for global adoption
Challenges:
Migrate, consolidate and manage complex financial hierarchies from local and global sources
Put controls on data access and authoring for users with only regional responsibility
Provide a mechanism for modeling future budget financial structures while allowing the current year’s structure to remain in place and managed in parallel
Solutions:
Loaded and consolidated chart of accounts data from nine local and global sources
Implemented graphical hierarchy management for top down chart of account hierarchies
Put into place data quality controls and workflows
Implemented data security to restrict local data visibility
Created a Future Budget sandbox process for budgeting
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