Oracle Financial Data Quality Management (FDQM/FDM)

Oracle Hyperion Financial Data Quality Management (FDQM/FDM) eliminates the data integrity risks associated with collecting, mapping, verifying, and moving critical financial data. With it, you can build standardized, repeatable processes and avoid the typical inefficiencies of collecting financial data. These transparent processes give you greater assurance of clean data and accurate results. Finance organizations need to enhance the quality of internal controls and reporting processes. To meet these goals, you need a source-to-report view of financial data. Oracle FDM allows business analysts to develop standardized financial data management processes and validate data from any source system—all while reducing costs and complexity.

Oracle FDQM/FDM is a packaged solution for finance users that helps develop standardized financial data management processes for collection, mapping, verification and movement of financial data. The product’s web-based guided workflow user interface eases integration and validation of financial data from any of the source systems.

With the new version release of Oracle Financial Data Quality Management, Enterprise Edition (FDMEE) the movement of data & metadata has been simplified for both technical and finance users. We provide upgarde/migration services for FDQM classic to the new FDMEE version.

KEY FEATURES AND BENEFITS

  • Achieve timeliness of data with a Web-guided workflow process
  • Automated data mapping and loading
  • Increases your confidence in the numbers
  • Lower the cost of compliance
  • Simplify financial data collection and transformation
  • Deliver process transparency through audit trails
  • Improve the productivity of finance staff
  • Support multi-GAAP reporting

WizProTek Data Quality Management Service offerings:

  • Integrating with HFM, Planning, Essbase and other target systems.
  • Integrating with source legacy GL systems and data warehouses.
  • Mapping table triangulation and validation.
  • ETL automation.
  • Multi-period processing.
  • Data integrity and protection checks.
  • Administration of FDQM.
  • Automation scripts and batch processing.
  • Client specific training & documentation.

  • "WizProTek combines techno functional expertise with best practices to provide out of the box solutions be it for consolidation and reporting, planning and budgeting or even multi gaap convergence and compliance ."

  • "We work extensively with clients to help them address their long term as well as medium term planning challenges."

  • "We have a rich experience in implementing IFRS compliant reporting solutions. We have partnered with several significant corporations during their initial IFRS convergence as well as subsequent reporting under IFRS environment."