Answers

One of the #1 consulting firm’s Senior System Architect’s answers to questions which could be asked by a CEO, CFO, and CIO as initial member(s) of the next client’s Architecture Team during collaborations to complete an Initial Investigation in less than an hour and before the next client incurs consulting fees.

Why Is the Staffing of the Next Client’s Architecture Team a CEO, CFO, CIO, Managers on Their Organization Chart(s) and a Senior System Architect?

An Architecture Team Has an Enterprise Perspective

A CEO, CFO, CIO, managers on their organization charts and Al Enzweiler, one of the #1 consulting firm’s Senior System Architects, collectively have an enterprise perspective. An enterprise perspective enables members of the next client’s Architecture Team to be guided by an Architecture Team’s true north.

What Is an Architecture Team’s True North?

Contributions Which Could Be Consistently Made to Hitting Earnings Targets, Sage Advice, Explanations, Answers to Questions

Members of the next client’s Architecture Team will be guided by a true north of:

  • Data on contributions which could be consistently made to hitting earnings targets over a very long duration by managers on organization chart(s)
  • Senior System Architect’s sage advice, explanations, answers to questions which can be easily validated using facts

During collaborations to complete the 2023 version of Enzweiler’s Architecture Team Methodology by making decisions and plans which are in their enterprise’s best interest on managing to use Targets System(s) and State-of-the-Art Financial System(s).

Which System Will Be Ranked as Their Enterprise’s #1 System by Members of the Next Client’s Architecture Team

Targets Systems

Members of the next client’s Architecture Team will collaborate over a very short duration to rank Targets System(s) as their enterprise’s #1 system over the very long duration State-of-the-Art Financial Systems will be used to publish their enterprise’s audited financial statements required to report quarterly earnings to; SEC, creditors, stockholders, and Wall Street’s analysts.

Is It Certain Top Line Targets Will Be Hit Every Quarter Using Target System(s)?

No, External Head Winds Could Cause a Miss

What is certain – a CEO, CFO, CIO, and managers on the next clients organization chart(s) will manage to go-live within small budgets using Targets System(s) as their enterprise’s #1 system over the very long duration State-of-the-Art Financial System(s) will be used to publish their enterprise’s audited financial statements required to report quarterly earnings, as decided and planned by their Architecture Team collaborating over a short duration to complete the 2023 version of Enzweiler’s Architecture Team Methodology.

Will Members of the Next Client’s Architecture Team Decide to Use Artificial Intelligence to Forecast External Head/Tail Winds?

No, The Team Will Decide It Is in Their Enterprise’s Best Interest to Use Forecasting Models

Member of the next client’s Architecture Team who have decided;

  • A CEO, CFO, CIO, and managers on their organization chart(s) will consistently make their contributions to hitting top line targets on Income Statement(s) over a very long duration, by managing to use; Targets Systems, synchronized databases and databases
  • Discretionary SG&A expenses will be managed using Actual vs Top Line Targets/Budget dashboards and/or controlled using their enterprise’s system of internal controls

Will collaborate over a very short duration to decide it is in their enterprise’s best interest to use forecasting models to forecast the most probable scenario for the impact of external head/tail winds on computed four (4) future quarters’ earnings targets.

How Will the Next Client’s Four Future Quarter’s Earnings Targets Be Computed?

Using Earnings Projection Model(s) as an Integral Part of Targets System(s)

Members of the next client’s Architecture Team can collaborate with the team’s Senior System Architect to gain an understanding of how earnings projection model(s) will;

  • Be used to set metric targets for managers on organization chart(s) managing their responsibilities
  • Use managers’ set metric targets to project at least four (4) future quarters’ top line targets and SG&A expenses listed on Income Statement(s)
  • Use projected top line targets and SG&A expenses listed on Income Statement(s) to compute future earnings target(s)

And to explain why the team collaborated over a very short duration to decide it is in their enterprise’s best interest to use forecasting models to forecast the most probable scenario for the impact of external head/tail winds on computed future earnings targets, which probably will not be the actual scenario.

Who Coined the Term “Targets System”

One of the #1 Consulting Firm’s Senior System Architects

During collaborations to decide on managers metric targets which will be set and hit using databases maintained by using an ERP System, Al Enzweiler had one of those “eureka” moments when Rick Savitz* said,

We are setting metric targets for managers responsible for manufacturing total quality products and for managers responsible for marketing and selling the products, because metric targets which get set will get hit to hit top line targets on Income Statements.”

Next client’s engagement started with one of the #1 consulting firm’s Senior System Architects using organization chart(s) and Income Statement(s) to architect Targets System(s) and synchronized databases, and then short list alternatives for; ERP Systems, CRM Systems, Human Capital Management Systems, and as required other systems architected by IT suppliers to be sold to and used by their customers to maintain databases.

*Enzweiler, the #1 consulting firm doing business in the United States and Canada, does not publish client’s names, but Rick Savitz, CFO of Justin Boot Company, agreed to have his interview published in an educational video. The educational video was published in 1998 by the Computer Channel and featured Al Enzweiler marketing the 1998 version of Enzweiler’s Architecture Team Methodology.

Who Coined the Term ERP System?

An IT Supplier’s Ecosystem Partner

There is a story told in the IT industry. An IT supplier who;

  • Architected in the 1970s, a Materials Requirements Planning (MRP) System to be developed, sold to, and used by their customers to maintain bill of materials databases and to be used as an integral part of State-of-the-Art Financial Systems
  • Architected in the 1980s, a MRPII System to be developed, sold to, and used by customers to maintain bill-of-materials and production planning databases and to be used as an integral part of State-of-the-Art Financial Systems
  • Architected in the 1990s, a system to be developed, sold to, and used by customers to maintain; bill-of-materials, production planning, preventive maintenance planning databases, and to be used as an integral part of State-of-the-Art Financial Systems

Shortly after the 1.0 release of third system in the United States and Canada, one of the IT supplier’s ecosystem partners coined the term Enterprise Resource Planning (ERP) System. The ERP System story may or may not be a fact.

It is a fact that in 2023 thousands of enterprises are using an ERP System to maintain databases which could be used by managers to hit their metric targets for managing their responsibilities using Targets Systems, and as an integral part of State-of-the-Art Financial Systems.

What Makes a Financial System State-of-the-Art?

Databases

One of the #1 consulting firm’s Senior System Architects can offer sage advice on how in the 1970s one of big CPA’s firm’s Senior System Architects was responsible for completing Phase 1 Step 1- Initial Investigation of the firm’s system development methodology.

To complete an Initial Investigation over a short duration and before a client incurred consulting fees, a Senior System Architect was responsible for using the firm’s accumulated lessons learned to explain how State-of-the-Art Financial Systems were digitally transforming the process of publishing audited financial statements required to report quarterly earnings.

The explanation was;

  • Before clients started using State-of-the-Art Financial Systems, financial professionals used Wilson Jones columnar pads to maintain general ledgers
  • After clients completed the firm’s system development methodology by managing to go-live on-time to be within budget using State-of-the-Art Financial Systems, financial professionals used State-of-the-Art Financial Systems to maintain general ledger databases

The explanation was used by a CEO, CFO, Data Processing Manager, and managers on their organization charts staffing a client’s Steering Committee, to decide if it was in their enterprise’s best interest to complete Phase1 Step 2 of the firm’s system development methodology – a Feasibility Study.

A Feasibility Study was completed by members of a client’s Steering Committee deciding it was in their enterprise best to complete the firm’s system development methodology by managing to go live on-time to be within budget with financial professionals using a State-of-the-Art Financial System to maintain general ledger databases.

Who Coined the Term Database?

An IT Supplier

One of the #1 consulting firm’s Senior System Architects can offer sage advice on how in the 1970s;

  • IBM, Oracle, and other IT suppliers started selling database management systems and system development tools to their customers
  • Database management systems and system development tools were used by Data Processing (DP) business units to develop, maintain, and support; MRP Systems, State-of-the-Art Financial Systems, and other systems architected by a Senior System Architect to be developed and used by clients to maintain databases

And how Big CPA firms’ consulting business units were engaged by clients to architect State-of-the-Art Financial Systems, to be developed and used by clients to digitally transform the process of publishing their enterprise’s audited financial statements required to report quarterly earnings.

What Is One of the #1 Consulting Firm’s Senior System Architect’s Sage Advice on Using Databases in 2023?

“Caveat Emptor” a Latin Term for Buyer Beware

Data is a Latin term and so is caveat emptor. Both terms were coined and used before IT suppliers and their ecosystem partners of; consulting firms, IT advisory firms, IT services firms, economists, academics, and journalists starting coining, using, and publishing terms for using databases.

In 2023 a consulting firm with integrity will propose one of the firm’s Senior System Architects who can offer sage advice on how over the past 50 years terms coined, used, and published by IT suppliers and their ecosystem partners for using databases include; data*, artificial intelligence, business intelligence, machine learning, digital transformation, Information Technology (IT), Information Science, complex information processing*, and Data Processing (DP).

*Credit to Johnson of the Economist for publishing in an August 13, 2022, article titled The data is in the fact data is the plural of the Latin term datum “something given.”

Johnson decided the Economist will use the term “data” when the data in question is a mass such as a bill-of-materials database or a general ledger database and the term “data” will also be used when the data in question is singular as in data is the new oil.

*Credit to Christopher Mims of the Wall Street Journal for publishing in a July 31, 2021, Wall Street Journal article titled “Artificial Intelligence’s Big Chill” the fact that Herbert A. Simon of Carnegie Mellon coined the term “complex information processing.”