| Publisher | Oracle | ||
|---|---|---|---|
| Format | 502.5KB PDF | Date added | 08 Mar 2005 |
| Topics | Database Management, Business Intelligence - Data Warehousing, Finance | ||
| Downloads | 51 | ||
Today most corporations worldwide are running financials from a packaged software vendor. Additionally, these corporations are mixing and matching reporting tools to monitor financial status and understand their business. This involves IT departments, Finance departments, technical budgets, moving and copying data into separate reporting applications. With the increasing pressures of the Sarbanes-Oxley Act of 2003 (SOX) in the United States, and similar regulations such as the European Union's anti-fraud directive, financial departments of these companies have new responsibilities added and more risk of technical failure. Time and labor intensive processes to create and maintain separate reporting data marts actually can cause delays, data quality and consistency problems - while contributing to operating costs.
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