Budgeting Workflow is the process of formalizing the flow of budgeting approvals throughout the organization. It is a process in itself that typically starts with corporate allocations for the new budgeting year. The workflow outlines who in the organization is responsible for approving specific sections of the budget. Modern budgeting workflow systems allow management to assign budgeting tasks to certain employees. Once those employees enter their budget numbers, they are then submitted to the next person in the workflow process for approval. This process moves forward until the budget is finally approved by the person responsible for the entire company’s budget. This is typically an executive, or group of executives within the organization. Continue reading this post>>
If the heartbeat of Business Intelligence is the database management system, then data is the blood that flows through it. It drives everything from yearly budgeting to daily strategic decisions. Dashboards provide snapshot views into critical decision points of a company, and morning reports set daily priorities. It is essential that the level of integrity of the underlying data that supports dashboards and reports remains consistently high. The process that is employed to ensure the integrity of the data has to be based on proper change management and environment control. Without these safeguards, data changes can lead to instability in your system, which could turn into an unrecoverable cascading failure of the integrity of the data that drives strategies and critical decisions. Continue reading this post>>
First let me start off by defining Business Intelligence as defined by Business Journal International Weekly. “Business Intelligence is a set of theories, methodologies, processes, architectures and technologies that transform raw data into meaningful and useful information for business purposes.” Over the past 10 years business intelligence has soured in popularity to what is now, a $15.8B a year business, with an estimated 55 percent of companies today using some form of Business Intelligence or Business Analytics solutions. According to Gartner, “by the year 2020 researchers show an estimated 75% of companies globally will rely on Business Intelligence to run their companies.” Who would have thought this number would get so high? Continue reading this post>>
As someone who interacts day-to-day with BI developers, consumers and the IT folks who make the whole BI infrastructure function, I have firsthand, in-depth knowledge of the range of logistics that’s required to successfully bring an application from server to client user, regardless of whether the user is sitting in a corporate cubicle or perched on a coffee house stool, somewhere downtown.
I like to break these logistical things down into 2 categories. Continue reading this post>>