How can we report from our enterprise resource planning (ERP) system?
Should we use built-in capabilities or build a data warehouse?
What does Finance and Operations provide?
Can we use Microsoft Power BI or other business intelligence (BI) tools?
After all, you might be considering Finance and Operations because you require better visibility into your operations.
Ten years ago, the default approach was to build an enterprise data warehouse. Data warehouses are expensive to build and maintain, though the investments are less than they used to be. Although this approach is still valid, it’s no longer the default approach but just one of several options.
This document outlines two broad strategies that are available in Finance and Operations:
System of Intelligence – Use and extend the ready-made capabilities of Finance and Operations.
System of integration – Integrate with existing data warehouses and apps, or build a data warehouse.