The fast-paced environment present in most companies is constantly changing, growing and evolving with new technologies, systems, software and all types of tools that are introduced to the market to digitize and automate in order to create twice the value with half of the time.    One of the most important and probably the biggest developments of the last few years is the possibility of migration to the cloud for most IT applications. An industry analysis by Gartner estimated that over 75% of mid-sized and large organizations will have adopted a multi-cloud or hybrid IT strategy. (more…)

As 2022 began, most companies are working on their annual business plan or are working on the first actions to start implementing it. And as data becomes one of the most valuable assets companies can have, it's crucial to also develop a robust action plan for data.    This action plan should be about keeping the data collection, storing, processing and analyzing from all available sources working well and continuously with minimized risks.   This means that, if data is part of the annual plan as the number one fuel for the decisions, data quality should be a priority, in order to achieve only the best results. Decisions on where to place the budget, how efforts should be allocated between projects and which tools the company will invest to deal with their data should be mapped on the data plan. (more…)

Having financial data information online, or all compiled in one single place, can be risky if done without the help of data aggregators – normally companies that are ready to help organize your financial life. Financial data aggregation requires strong data quality, management and reporting, to certify that the data is accurate.   Even the most "basic" financial data aggregation will put all information about the company financial situation in the same place with a single dashboard view, sometimes called a hub or a portal, that will show all the parameters defined by the users and data analysts, like investments, savings, credit balances, bank accounts, credit card account and possible insurances. (more…)

Data reconciliation is a process that is often severely underestimated by many companies. It is the phase during any data migration in which the data gets verified. This process compares data between two sources, or between a source system and destination, to ensure that the data was transferred or received correctly, and that it remains consistent between them.  (more…)

What is Financial Data Aggregation?