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Oracle EPM & BI Blog

Why Is It So Difficult to Maintain Data Consistency Across the Enterprise?

Establishing a common set of data parameters that your organization follows seems like it should be simple, but the truth is that every group needs their own view of the data. Consider a simple concept like “Total Monthly Sales.” If I’m speaking from a sales group perspective, I’m referring to all the business my sales organization closed in the time period I’m reporting for. If, on the other hand, I’m asking the group controller, his definition is going to reflect all closed business that has been booked to the ledger.

Hence, at month end, when the CEO is trying to review how the organization is doing against the stated goals, the answer he gets for “Total Monthly Sales” will be different based on whom he asks. The detrimental effect of alternate views is the inconsistency of data across the organization. Departmental management makes operational decisions based on what they perceive is the truth, and corporate management makes strategic decisions based on these perceptions. If the data is not the same, it is easy to see how operational decisions can conflict or adversely affect the strategic corporate goals.

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DRM Best Practices: Versions, Hierarchies, Nodes, Properties, and More

Oracle Data Relationship Management is a commonly misunderstood tool. Our expert data governance consultants continually see the same mistakes due to inexperience with the application. The good news is these mistakes can be fixed and your practices can be modified.

In this blog post, we’ll look at best practices for different components of DRM, including:

  • Versions
  • Hierarchies
  • Nodes/Members
  • Properties
  • Queries & Validations
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3 Things to Know About Integrating Oracle DRM with Your Applications

If you think Oracle Data Relationship Management (DRM) can only integrate with Oracle Hyperion applications, then you probably don’t know the history of DRM. The tool was originally developed by an SAP shop with the goal of supporting hierarchy and hierarchy reference data for reporting.

We’ve already debunked myths about DRM’s functionality as well as DRM’s project costs and timeframes. In the third blog post of this series, we’ll talk about how DRM will integrate with your applications: using DRM with non-Oracle products, supporting a SaaS-based cloud architecture with DRM, and maintaining Oracle EPM products with DRM’s automated integration. 

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4 Myths About Oracle DRM’s Functionality

 

Those who have Oracle Data Relationship Management (DRM) often don’t realize the power of their solution and end up underutilizing the tool. Because DRM has been continually optimized over decades, many organizations are missing facts about DRM’s capabilities — facts that could be keeping them from a higher return on investment.

We’ve already debunked common myths around DRM’s project costs and timeframes. Now, in this second post in the series, we’ll take a closer look at DRM’s functionality and how to get more from the tool. These myths revolve around DRM use cases, mappings, workflows, and data cleansing.

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The Truth About Oracle DRM Project Costs, Timeframes, and Uses

“But DRM doesn’t do that… does it?” This is a question our consultants hear regularly. Because people are often surprised by the answers to their Oracle Data Relationship Management (DRM) questions, we’ve set out to separate fact from fiction and help organizations make informed decisions.

In this first post of the series, we’ll focus on myths that keep companies from getting started with DRM and investing in a high-ROI solution — myths around DRM’s use cases, costs, and projects.

So, what are the myths? And, more importantly, what are the facts?

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The Biggest Challenge in Moving EPM to the Cloud

The industry is buzzing about digital transformation (DT) — the newest term to describe movement from on-premises to off-premises applications. Organizations eager to curb the never-ending costs associated with software and hardware upgrades as well as personnel management are moving in large numbers from on-prem Oracle EPM to the new cloud pod environment for Planning, Essbase, and Financial Close Management.

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New Release: Oracle Hyperion Data Relationship Management (DRM) 11.1.2.4.340

 

If your organization currently has a DRM implementation or is considering purchasing DRM, now’s the time to seriously look at this power suite of data governance software. Oracle development continues its longstanding commitment to enhancing the DRM product to meet the needs of their user base and to meet their goal of seamless integration with the rest of the Hyperion Enterprise Performance Management (EPM) suite of tools.

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Comparing MDM Products: Oracle Hyperion Data Relationship Management vs. Competitors

There’s a lot of hype in the data governance and master data management (MDM) communities around potential competitors of Oracle Hyperion Data Relationship Management (DRM). If you are seriously considering replacing your current DRM implementation, first take into account the full picture of DRM before selecting an alternative because of price or functionality.

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Can You Trust Your Organization’s Data? 14 Red Flags

Organizations today are pressed to close their books and reconcile the status of the enterprise as quickly as possible. Diverse reporting views are required to make necessary operational and financial decisions, and sound decision-making can only take place when everyone in the organization is operating under the same set of facts.

Inaccuracy or delays in the process can result in top management not being able to make strategic business decisions or making decisions based on questionable data.

Can you trust your data? To evaluate your organization’s vulnerability to data quality issues, take a step back and ask the following questions...

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US-Analytics Brings New Leadership to Expand Oracle Data Relationship Management (DRM) and Governance (DRG) Capabilities

US-Analytics is pleased to announce new leadership changes within our data governance and master data management (MDM) practice. Greg Briscoe, an accomplished and well-known leader in the Oracle DRM field, has joined our firm as Senior Director of Data Relationship Management and Governance.

“We have long recognized the critical importance of MDM and data governance to clients and to growing our business,” says US-Analytics President Wayne Conrad, “and adding Greg to the team is a major step in the execution of our growth strategy.”

The need for enterprise data governance continues to be a critical issue for today’s leading organizations. Increasing competition and business complexities — along with the massive push toward cloud-based solutions — underscore the importance of process control and interoperability between mission-critical applications. Any company relying on fast and accurate reporting must have a sound strategy in place for enterprise data governance.

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