The Secret to Better Data Integrity

It’s that time of year again – time to prepare your company year-end financials for annual review by your friendly CPA, auditor, or accounting firm. Very few people enjoy this tedious process, as it usually creates additional work on top of your normal everyday responsibilities, and it can be especially frustrating if your data is scattered across multiple systems. It can take hours to manually consolidate information from various sources – Excel spreadsheets, internal accounting systems, a warehouse management system, and production systems – or you may need to do hands-on research to find information that isn’t already documented.  And it can take even more time to make sure the information is accurate before handing it over to an auditor, because there is no single reporting tool providing the information.

Let’s imagine for a moment how much easier this process would be if all your data came from one place. When information is stored across systems that don’t play well together, there is usually a high risk of data corruption. By keeping your business data in a single system, it can drastically reduce inaccuracies that result from incorrect import/export processes between systems.  The result is more reliable, accurate data/reporting and significant time savings, which you and your CPA or auditor will both appreciate.

So how can you make the shift from working with multiple disparate systems to running one comprehensive business management solution? It won’t happen overnight, but there are steps you can take to start moving toward a more dependable system that can grow along with your business.

1. Know your goals. Technology is only as good as the business it supports. Before you start researching technology, first you must know what it needs to do for you.
2. Know your industry needs.  The right business management solution will be designed to handle processes and operations that are specific to your line of work, and flexible in times of change.
3. Find the right partner and the right solution.  These two steps go hand in hand, because to be successful, you can’t have one without the other. The right partner will understand your industry needs and will provide the right technology solutions to help your business achieve its goals.

At OmniVue, we realize these steps are easier said than done, but that’s why we’re here.  It’s confusing to navigate through all the technology options out there, and our goal is to help companies find what works for their specific needs.   To learn more about the benefits of running your business on a single system, contact us today. We can help make your data more trustworthy while saving you time and money.

Author Jeff Pyden

Jeff Pyden is President and CEO of OmniVue, which he founded in 2003. For more than 20 years, Jeff has been following his passion for improving business execution and efficiency through technology.