A Sociable BI Strategy In Nine Steps

Topics:
Business Intelligence
Tags:
Business Intelligence,
SourceMedia,
Software,
Personal Finance,
Performance Management,
Human Resources,
Financial Accounting,
Finance,
Enterprise Software,
Data Management,
...
Source:
SourceMedia

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Overview: This paper examines the convergence of custom-developed and prebuilt Business Intelligence (BI) applications. finance organizations were early adopters of prebuilt applications. There are three main reasons why finance adopted BI and performance management applications first. The first reason is availability. Vendors offered prebuilt applications to functional areas such as finance years before they offered them to other functional areas. Second, the standardization that exists in the finance business area, such as adherence to Generally Accepted Accounting Practices (GAAP), made it more economical and easier for both vendors and customers. Third, finance is very metrics-based and was a natural fit for the adoption of BI and performance management.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Apr 2008 | Pages: 8

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