Book Image

Managing Data Integrity for Finance

By : Jane Sarah Lat
Book Image

Managing Data Integrity for Finance

By: Jane Sarah Lat

Overview of this book

Data integrity management plays a critical role in the success and effectiveness of organizations trying to use financial and operational data to make business decisions. Unfortunately, there is a big gap between the analysis and management of finance data along with the proper implementation of complex data systems across various organizations. The first part of this book covers the important concepts for data quality and data integrity relevant to finance, data, and tech professionals. The second part then focuses on having you use several data tools and platforms to manage and resolve data integrity issues on financial data. The last part of this the book covers intermediate and advanced solutions, including managed cloud-based ledger databases, database locks, and artificial intelligence, to manage the integrity of financial data in systems and databases. After finishing this hands-on book, you will be able to solve various data integrity issues experienced by organizations globally.
Table of Contents (16 chapters)
1
Part 1: Foundational Concepts for Data Quality and Data Integrity for Finance
5
Part 2: Pragmatic Solutions to Manage Financial Data Quality and Data Integrity
10
Part 3: Modern Strategies to Manage the Data Integrity of Finance Systems

Summary

In this chapter, we discussed the best practices when using business intelligence tools such as Microsoft Power BI Desktop, Tableau Desktop, Tableau Prep Builder, and Alteryx Designer. We covered how to handle potentially confusing date convention formats by updating the format and checking the locale settings. Ensuring that date formats are consistent will help ensure that our analysis is accurate and reliable. Next, we used data visualization features such as the scatter chart in Power BI and the histogram in Tableau to identify data outliers. By working on these hands-on examples, I am sure that you have grown more confident in what you have learned. Lastly, we discussed how to find and manage orphaned records in both Power BI and Alteryx. Understanding various ways to address a problem is an important skill to develop.

Business intelligence tools are powerful tools to clean, transform, analyze, and visualize data. They can even be used to detect fraudulent transactions...