Which two are reasons to implement Financial Data Quality Management (FDMEE) instead of Data Management?

Study for the Profitability and Cost Management Cloud Test. Use flashcards and multiple choice questions, each with hints and explanations. Boost your preparation!

The rationale for choosing to implement Financial Data Quality Management Enterprise Edition (FDMEE) over Data Management is rooted in the existing tools and solutions your organization already possesses. When an organization already owns FDMEE, this presents not only a cost-effective solution but also a streamlined approach to data management. Leveraging existing tools reduces the need for additional investments in software or training, thus maximizing the value from current resources.

Additionally, having FDMEE can facilitate integration with existing financial workflows, ensuring smoother data processing and analysis. Using already familiar tools also aids in maintaining consistency in your financial data operations. The ownership of FDMEE may hint at established practices, user familiarity, and existing support structures, further solidifying its selection over other options.

While mapping capabilities and connectivity options to on-premises applications are important considerations, the possession of a powerful tool like FDMEE can often take precedence, as it encompasses broader functionalities that might address those requirements as well.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy