New data sources, unstructured data, and greater volumes of data than ever before are creating an information overload. Plus, customers’ demands for faster service stress front-office applications, while parallel demands from internal users place greater demands on back-office systems. Before you discover that your data quality has been rendered ineffective, consider adopting enterprise information management (EIM).
it standardizes and integrates financial processes
as key components of IT architectures where each solution has greater and broader capabilities. Moreover, the toolbox approach provides for simplicity. Having a platform, or set of tools, that supports a majority of the processing needs reduces the installation footprint, maintenance burden, training efforts, and operational complexity; and increases the sharing of business rules and standardizes services offered. When combined with SOA, the toolbox approach becomes even more powerful in three ways: