The cornerstone of application development is the relational database table hierarchy which supports transactional data integrity. Table hierarchy is an additional layer to the application business rules layer and it restricts users from entering unstructured data. Although there are pros to the table hierarchy design it can also create barriers for data analytics to reach its full potential. In some cases, the business activity resides in silos that prevent deeper pattern and variance analysis in a fast-moving business landscape. Implementing new tools to visualize or categorize disparate data doesn’t solve the underlying problem because in most cases the data remains unconnected.
What ultimately needs to occur is the work of providing a domain data model layer simplified from the transactional layer that will connect and complete the view of important business activity. This domain data model layer can also provide additional value to data analysis because the distraction of configuration details and technical table joins are removed. Many business intelligence tools do not refer to the domain data model because maybe it requires knowledge of the transactional silos and a concrete value definition for the end user.
IQAccountant has developed an accounting data model that simplifies the ERP transactional layer into key accounting objects like Resources, Events, and Agents. Our accounting data model first solves the problem of an on-demand optimized cash flow process. The financial modules are connected into one complete and integrated view so managers can analyze their customer payments with their vendor payments with their manual cash adjustments with their third-party cash activity from summary to detail and in a real-time interactive basis. And managers no longer have to wait until after the ledger period is close to getting their financial reports: the data model is visualized and paginated by Microsoft Power BI Service. We invite you to request a demo of our solution at IQAccountant.com or send us an email at hello@IQAccountant.com.
