Why an embedded audit trail holds the key to BI success

Business intelligence (BI) has promised for many years to resolve, once and for all, the information problems that plague organisations. However, almost two decades on since the introduction of packaged BI solutions, finance departments are spending upwards of 70% of their time producing management accounts and only 30% analysing the information. Key reports are still derived through the manipulation of spreadsheets that then require lengthy reconciliation back to the ERP system to ensure their veracity.

The ‘Correct Answer'

The principal reason that finance departments put so much manual effort into producing their reports is that they are required to operate in a particular way and these reports represent the ‘Correct Answer'.  For example...

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