What are the quantitative and qualitative benefits of FMMI Business Intelligence (BI) functionality in FMMI?
• Quantitative Benefits: • Reduced data latency • Reduced IT effort to maintain systems • Reduced business effort to maintain hierarchies and master data • Qualitative Benefits: • Ability to operate as a single enterprise with common processes and systems; data represents “one version of the truth” • More timely, accurate, and complete financial and management information that is transparent across agencies and staff offices • Reduce user time spent on data retrieval and gathering by storing data in one central place • Ability to refocus finance personnel on analysis and more value added tasks • Improved data accuracy and integrity • Improved decision support • Ability to grow and evolve BI solution using one standard platform
