Information Management Services
Information management is managing the process and solutions used to collect, manage, preserve, store, and deliver all the information you have in your organization. The most common challenges we’ve come across when it comes to Information Management are:
- Lacking a process improvement roadmap aligned to business goals.
- Lacking an AI Readiness Plan with Solutions to protect and improve your business.
- Lacking a unified 360° view of data across your organization through reports and dashboards.
- Not having a data management process that is automated across multiple sources for data quality and quicker decision-making.
How We Can Help:
Our goal is to bring efficiency to your business with technology and data. With our Information Management Business Architects, we build governance, processes, and solutions that drive a uniform view of your data for quicker business decisions. We provide the following services to support all of your Information Management needs:
- Specialized Experts: We provide your business with executive-level consultants with Fortune 100 experience. We haven’t just built systems, we’ve built out functions and processes in highly complex global organizations. We understand the pain points, and have been the leaders responsible for making organizational decisions.
- Financial Applications: FinApp) Consulting focuses on the software and systems used to manage financial operations, including accounting, financial reporting, budgeting, procurement, project accounting, and more.
- Business Assessment: We use our proprietary 5P Business Value toolkit to assess your business for AI readiness and business process evolution aligned with the organization’s overall goals. We aim to align your roadmap to increased revenue, business efficiency, simplified maintenance, and improved data.
Business Value Roadmap
Leverage 5P Consulting’s Business Value Roadmap; a tool designed by our CEO, Y’vonne, backed by the Lean Six Sigma methodology to prioritize functional changes your business needs to identify revenue-maximizing opportunities.
Why 5P is the Right Partner?
Data architecture is the governance of your organization’s data. This includes the guidelines, rules, and procedures to collect, store, and use data within your organization.
Unfortunately, data breaches are all too common and have serious repercussions on many fronts; that’s why it is critical to implement robust information governance practices.
“5P Consulting hit the ground running with a detailed assessment, organization and execution plan critical to our business’ success. 5P also implemented a formalized process for managing the day-to-day operations and business demands for our corporate applications suite, which included our ERP, PSA, CRM and customer ticketing systems. An important part of the engagement was transparency around success and progress towards meeting our goals. 5P provided a weekly dashboard with both KPIs but also succinct qualitative takeaways, allowing executive leadership to quickly understand the status of key projects. Based on these details, we were able to quickly update priorities and tack as needed. 5P was very flexible with meeting our demands in regard to project time and skillset needs.”
– Client Testimonial
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Information Management FAQs
What is information management?
Information management is the collection, storage, management, and maintenance of data and other types of information. It covers the procedures and guidelines organizations adopt to manage and communicate information among different individuals, departments, and stakeholders. Information management focuses on the level of control an organization has over the information it produces.
Information management versus data management:
Information management begins with the creation and collection of data that is processed and analyzed into information. This process ends with the destruction of information for different reasons, including security, confidentiality, cost, and storage constraints. Data management is a subset of information management and relates to the policies, plans, and programs that protect and control data and information assets through their life cycles. It gives organizations control over their business data, which can minimize security breaches and other risks when done properly.
What are 4 key benefits of information management?
- Creates a unified view of data across your organization
- Reduces time and cost associated with gathering and managing data
- Improves data quality
- Makes it easy to visualize data through dashboards and reports
What are the components of information management?
- People: All information systems depend, to an extent, on human involvement, as do day-to-day operations. Building, nurturing, and investing in your team’s capabilities and performance is the best way to grow your organization’s information management skills.
- Policies and Processes: A well-defined and regularly reinforced framework will help drive information management best practices in order to achieve strategic business outcomes.
- Technology: The latest technology and cloud solutions will enable information discovery when required and support information sharing, integration, and analysis throughout the information cycle.
- Data and Information: Together data and information provide a foundation for businesses to use in making business decisions that will drive efficiency, optimization, and lead to success.