Finance data goes by many names — chart of accounts, cost center, account code, business units, projects, legal entities, as well as core reference data such as billing codes, taxonomies, geo codes and product classifications. No matter what you call it, providing finance business users with a self-service module to define new finance data sets, including the conditional logic and validation rules in an agile environment — requiring no involvement from IT — is a critical step towards accurate reporting, regulatory compliance and ultimately, your ability to understand your data.
Informatica® Finance 360 makes it easier for organizations to create, edit and orchestrate finance data updates across environments that require system-specific hierarchies and attributes such as NA GAAP and IFRS versions or different cost-center roll-ups. Best of all, Finance 360 provides a self-service module that lets finance users define new finance data sets and rules without going through a resource-intensive IT release management cycle.
Finance 360 is an industry-leading, fully cloud-enabled 360 solution that is easy to set up, provides complete life cycle management for reference data and is built to enable self-service for business users
The solution consists of:
An easy-to-use, configurable business-friendly user interface
Self-service management of reference data for business users
Role-based approval and publishing workflows
Complete life cycle management with import, hierarchy management, versioning and export features
Flexibility and agility of cloud
Figure 1: The next generation of finance and reference data management.