zetVisions Breakfast Meeting: Greater data quality and data governance for your master data
In cooperation with PricewaterhouseCoopers, zetVisions invites you to exchange experiences at our breakfast meeting events
Heidelberg, April 23, 2013 – Together with PricewaterhouseCoopers, Heidelberg-based software vendor zetVisions AG invites you to a series of events focusing on the topic of master data management.
Quality and up-to-dateness play a crucial role when it comes to master data. Unfortunately, many companies have a wide variety of departments that require access to the exact same master data but often end up entering data redundantly into different systems. The result – poorly maintained master data not only decreases process efficiency, but can also lead management to make the wrong decisions. This is why centrally maintaining and providing valid master data can help guarantee efficient business decisions, resulting in growing potentials for increased value. Similarly, data governance and the associated organizational changes play a vital role when implementing new data management and distribution processes.
The speakers at our series of events will discuss ways to escape from the data jungle and will go over the requirements that must be met to establish a "Single Point of Truth" for master data. In addition, they will cover other important subjects, such as how a "Single Point of Truth" can help improve data quality significantly, reduce the need for reconciliation, and massively speed up the processes involved in updating charts of accounts and closing operations when it comes to financial master data.
The presentations, all of which will focus on real-life requirements and scenarios, are intended for managers and other people responsible for master data management, customer master data, data quality, data governance, process organization, operations, business process management, IT, finances, and accounting at medium-sized and large enterprises.
Subject: "zetVisions Breakfast Meeting: Greater data quality and data governance for your master data"
From 9:30 a.m. to 12 p.m. on the following dates and at the following locations:
- June 11, 2013, Munich
- June 18, 2013, Hannover
- June 19, 2013, Düsseldorf
Attendance is free of charge. Please register in advance. The contact person for these events is Ines Dobschat (email@example.com, +49-6221-3393-8663).
zetVisions congress: Escape from the data jungle - Improve data quality and process efficiency
zetVisions and numerous experts invite to an exchange of experiences: March 21, 2013, Frankfurt am Main.
Heidelberg, February 6, 2013 – For the seventh time now, zetVisions brings together leading experts from corporate practice, consulting and science at the zetVisions legal entity management congress. This year’s focus also lies on master data management – an essential aspect of successful business processes.
The quality and timeliness of data play an important role in a broad range of business areas and their respective sets of master data. However, the manual maintenance and verification of data is time-consuming and prone to error, and can thus potentially lead to incorrect decisions being made with far-reaching repercussions and disrupt business processes for a long time.
A crucial influence on the quality of information is the centralized management of master data in all its forms (e.g. company master data, investment-related data, material master data, customer master data and financial master data).
Hence, the focus of the event is on the following questions:
- How can an integrative database - a "Single Point of Truth" - contribute to more process efficiency and transparency?
- How can the data collection process be accelerated through centralized data management and decentralized data maintenance while simultaneously improving data quality and timeliness?
- To what extend can complex business processes both, in legal entity management and master data management, be optimized through standardized IT solutions?
Get together with numerous experts BARC, TÜV Rheinland, Deka Immobilien and zetVisions and discuss how a centralized database can help to increase process efficiency and ensure transparency.
The practical lectures are addressed to skilled professionals and executives in the areas of finances, controlling and accounting, M&A, legal matters and organization from medium-sized and larger groups.
Topic: "Escape from the data jungle – improve data quality and process efficiency"
Venue: INTERCONTINENTAL FRANKFURT, Wilhelm-Leuschner-Straße 43, 60329 Frankfurt/M.
Time: March, 21, 2013, 10 a.m. to 5 p.m.
The participation is free of charge after previous registration.Contact person for registrations is Ines Dobschat (firstname.lastname@example.org, +49 (0)6221 33938-663).
zetVisions provides SAP-based software for group-wide master data management
zetVisions SPoT - "Single Point of Truth" - offers a reliable database system for management control
Heidelberg, September 17, 2012 – zetVisions AG introduces new standard software for master data management. zetVisions SPoT is an SAP-based solution for the consistent and controlled maintenance and supply of key database information within the organization. The new application provides companies and corporate groups with a single point of truth – in other words, a centralized management system for master data in all its forms. What makes zetVisions SPoT so unique is the degree of flexibility and ease with which users can operate, adapt, and expand the software. Everything can be customized, ranging from the data model and individual processes to the validation of information and definition of the user interface. Building on these basic functions, it is possible to create specialized data models for financial or company master data, for instance. The launch of zetVisions SPoT marks the repositioning of zetVisions: from now on, the solution for master data management represents the second pillar of the company next to applications for legal entity management.
The quality and timeliness of data play a crucial role in business, especially when it comes to master data, since IT processes draw on this fundamental information at numerous levels. Poorly maintained master data reduce process efficiency within a company and can subsequently lead to incorrect decisions being made by the executive management. An efficient master data management solution supports all the company applications and work processes that are based on it.
The right decisions with valid master data
zetVisions SPoT centralizes the task of master data management and helps companies to improve the quality of key information while also enhancing process efficiency. Among other things, SPoT ensures the complete transparency and documentation of the distribution and use of these data.
"The different business departments in a company are responsible for creating added value with the master data itself," explains Monika Pürsing, CEO of zetVisions AG. "The sign of a good master data management solution is that it allows you to enter and distribute information in a simple, controlled and transparent way. We have therefore developed a solution that users can set up and expand in just a few steps. In this sense, we are deliberately setting ourselves apart from the established providers on the market."
In zetVisions SPoT, master data are collected in a system before being validated at headquarters level and distributed to the relevant target systems. This happens on the basis of processes, which can be customized by the company, including approval and workflow processes. As a result, the entire corporate group is provided with a consistent, reliable, and up-to-date database.
Flexible import and export of master data
Information is distributed to a wide range of target systems as part this process. For data distribution, export structures can be created that are independent of the medium used. Master data are stored at the central level using flexible import structures, which can also be customized. The status of the distribution of master data in relation to source and target systems is displayed on the "synchronization monitor". This tool provides users with comprehensive information regarding data distribution.
Specially for financial master data
In addition to the basic solution, zetVisions SPoT, the company offers data models for specific tasks in business departments. zetVisions SPoT-FIN supports companies with a financial master data management system. For example, new G/L accounts and their associated company code data can be requested either for individual objects or directly in the hierarchical financial statement structure. The centralized validation and approval of information collected from subsidiaries then takes place using controlled but freely definable processes in zetVisions SPoT-FIN.
Conference in Frankfurt
In cooperation with PricewaterhouseCoopers, zetVisions AG will be unveiling zetVisions SPoT to the public in Frankfurt on September 20, 2012. As part of a conference, experts and users will discuss the role of master data in achieving corporate success. The event is scheduled to take place at the Steigenberger Hotel Metropolitan (Poststrasse 6, 60329 Frankfurt am Main).
zetVisions informs about legal entity management in Amsterdam
Heidelberg, May 25, 2012 – zetVisions AG hosts an event under the title "Meet the Experts: Legal Entity Management" in the Netherlands. The European market leader for legal entity management solutions will present how modern legal entity management can provide optimal support for business processes. The session gives also an overview on the challenges and opportunities in legal entity management including the integration in the external and internal reporting. Further components of the event are field reports from customers.
zetVisions’ customers confirmed in the customer survey from 2011 that they could increase their efficiency in the management of their legal entities up to 33 % through the use of a standard software solution by zetVisions and they also point out the optimization of the core processes in legal entity management as well as the possibility of collaboration especially between the finance and legal department.
- Venue: Crowne Plaza Amsterdam City Centre in Amsterdam (The Netherlands)
- Time: June 19th, 2012, 1:30 p.m. to 4:15 p.m.
Contact person for registrations is Ines Dobschat (email@example.com, +496221 33938-663).
zetVisions and IBM inform about Legal Entity Management and Financial Statement Reporting
Two compact events - in Düsseldorf and Munich
Heidelberg, May 23, 2012 – zetVisions AG, the European market leader for legal entity management solutions, hosts two events in Germany under the title "Meet the Experts: Legal Entity Management and Financial Statement Reporting" in cooperation with IBM Deutschland GmbH. There, both will purposefully inform about the challenges of a modern legal entity management as well as the integration of legal entity management in the external reporting. The priorities include the optimization of business and core processes in legal entity management through less coordination, fulfillment of legal reporting, implementation of changes of mandate as well as the supplement of the solution zetVisions Corporate Investment Manager (zetVisions CIM) with an automated financial reporting. Further components are user examples from practice.
The event dates in detail:
- June 26, 2012: Düsseldorf
- June 28, 2012: Munich
The events will each take place from 1:30 p.m. until 5:00 p.m. For more information and the possibility to register for free on http://www.zetvisions.de/Meet-the-Experts-IBM-2012.