Mergers and acquisitions, technological advances, and innovation bring your company geometric expansion, opportunities, and related changes. The challenges typically occur when cultures and organizational structures are not transformed or when technology such as the software and databases are not integrated. Many software applications used for financial management and reporting are not compatible or use data that is stored by formats that cannot be recognized or used by the other. This incompatibility of data used in reporting can result in significant operating costs that can be reduced through data warehousing and used of powerful ERP software.
After working with the organization’s stakeholders to define their data management and reporting needs, one of our partners facilitated the change management for their data warehouse transformation. The program included facilitating workshops to define and document both existing processes and future processes to be implemented, managing communications among all stakeholders through a variety of media; designing , developing, and delivering training; and transferring knowledge to the organization so they could maintain the new solution after the project ended.
This data warehouse transformation resulted in processes and data that could be used globally to manage and track performance of the business and reduce annual costs by streamlining processes to eliminate confusion and redundancy of related information.
Call The Rothschild Corporation if you are looking to apply best practices or streamline your organization’s processes or transform your company culture. When your organization works as a united team with a unified culture, you get the synergy of an unstoppable winning team.
Note: Under confidentiality agreements, specifics related to this case study are not disclosed.