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CFO Journal: Built-to-Evolve Data Can Help Transform Finance

“A finance data model or enterprise information model transforms a generic ERP package into a specific structure to fit an organization’s business needs. Ideally, such a model would be tailored to the organization’s business activities and priorities while still allowing flexibility for new product launches, reorganizations, or acquisitions. A complex, layered, and well-defined enterprise information model can provide the business with flexible reporting, harmonized transaction processing, business model agility, and expanded views of transactions and profitability.”

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