Consolidating erp systems

Enterprise resource planning (ERP) is the integrated management of main business processes, often in real-time and mediated by software and technology.

ERP is usually referred to as a category of business management software — typically a suite of integrated applications—that an organization can use to collect, store, manage, and interpret data from these many business activities.

Even when this is available, it now takes an army of business and data analysts to put together a solution, one business area at a time.

Each consolidating group company can have its own activity, added to the consolidated information loaded.

Financial Reports and other Results Statements can be displayed and printed for the consolidating group companies.

Data marts on top of these data lakes will provide real time, or at least near real time access to transactional systems (yes, ERPs too).

BYOBI (Bring Your Own Business Intelligence) will flourish in such an environment, unshackling the business communities to choose the BI and visualization tools that work best for their needs, while still preserving the "single source of truth" for corporate reports and dashboards.

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