Elongated financial close cycles limit the ability to adjust quickly to unforeseen economic shifts causing a large threat to organizations. Focus on predictable, timely and quick close cycles are important, particularly in the midst of the COVID-19 pandemic, as they impact downstream processes such as scenario planning in the Enterprise Performance Management (EPM) system.
This solution brief will cover:
- The challenges facing financial executives such as: constraints in combining multiple Enterprise Resource Planning (ERP) databases into a single source for reporting, understanding cash flow, running analytics on near real-time data from multiple data sources in parallel, and more...
- How a distributed, relational, SQL database management system, such as SingleStore can solve such problems
- Proven success stories from SingleStore customers