Part 1 — Technology & Analytics

A system that captures, processes, stores, and reports an organization's financial and accounting data to support decision-making and reporting.

People, processes (procedures), and technology (hardware, software, data, networks) working together to transform data into information.

Integrated software that unifies cross-functional business processes (finance, HR, operations, supply chain, sales) around a single shared central database.

Eliminates data silos and redundant data entry; provides one source of truth with real-time, consistent data across functions.

High cost, long and complex implementation, significant business-process change and training, and risk of customization/integration failure.

Software supporting management processes such as planning, budgeting, forecasting, consolidation, and reporting/analytics to monitor and improve performance.