Anora Plc, a Nordic wine and spirits leader and sustainability pioneer, aimed to optimize its data-driven finance processes by improving master data management.
Beverages, specializing in wines and spirits
Finance, Vendor Management, Product Management, Supply Chain Management
Anora faced challenges with the reconciliation of various P&Ls and reports, slow reporting process, frequent errors in Master Data, and a lengthy process for harmonizing key support systems. These issues caused frustration and hampered productive progress, making it difficult to access key business information.
To ensure business efficiency and correct data usage, Anora sought to improve Master Data Management and regain control of the critical data assets.
Anora understood the importance of robust Master Data Management but required expert guidance to streamline data governance processes, ensuring accuracy and reducing inefficiencies that hindered critical business operations.
Data Design worked with Anora to resolve the challenges with Master Data, identifying key problems and their business implications. We addressed root causes and proposed a structured approach to improve Master Data processes and governance.
Establish a central Master Data governance team. Assign roles and responsibilities within both local teams and the central Master Data team to ensure proper data management across the organization.
Design and implement Master Data Management (MDM) workflows to create standardized, streamlined, and more efficient master data processes.
Develop a change plan for the organization, focusing on establishing a centralized Master Data team and an operating model. Begin implementing the new Master Data organization to drive better data management and enhance business insights.
“Data Design’s expertise was instrumental in transforming how we manage our master data. Their structured approach not only improved data accuracy and governance but also empowered our teams to make more informed, data-driven decisions across the organization.” – Matti Nurmi, CIO of Anora
With a well-designed Master Data Governance model, you can reduce errors, speed up decision-making, and boost overall efficiency.
Let us help you transform your data into a powerful asset that drives sustainable growth and improves business insights.
