What are steps involved in consolidation of MIS?

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Accepted Answer

Consolidation of MIS involves several steps to gather, organize, and analyze data from various sources.

Identify the data sources and determine the scope of the consolidation.
Extract data from different sources, such as databases, spreadsheets, and reports.
Clean and validate the data to ensure accuracy and consistency.
Transform the data into a standardized format for easy comparison and analysis.
Merge the data from different sources into a single database or system.
Perform data mapping and matching to align the data elements.
Apply data aggregation techniques to summarize and calculate key metrics.
Generate reports and visualizations to present the consolidated information.
Review and validate the consolidated MIS for accuracy and completeness.
Distribute the consolidated MIS to relevant stakeholders for decision-making.

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