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Managingdata effectively is a multi-layered activity—you must carefully locate it, consolidate it, and clean it to make it usable. One of the first steps in the datamanagement cycle is data mapping. Data mapping is the process of defining how data elements in one system or format correspond to those in another.
Integrating data from these sources is fraught with challenges that can lead to data silos, inconsistencies, and difficulties in accessing real-time information for reporting. A whopping 82% of SAP users agree that poor datamanagement and integration represent the biggest challenges to financial reporting, forecasting, and compliance.
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