Why is “Data Validation” important in EPBCS?

Data Validation is crucial in EPBCS because it plays a significant role in ensuring data integrity. By checking for errors before the processing of data, it helps to maintain accuracy and reliability throughout the budgeting and planning processes. This step is essential as it prevents erroneous data from impacting analytics, reporting, and decision-making. When data is validated, inconsistencies, outliers, and other potential issues can be identified early, leading to better-informed financial strategies.

If data were to be processed without validation, it could result in compromised forecasts and plans, which ultimately could affect an organization's overall performance. Thorough data validation contributes to high-quality information that stakeholders can rely on when making strategic decisions.