Final answer:
The organization's database is its central repository for financial and nonfinancial data. It can be a physical or cloud-based platform. The database allows for effective data management and analysis.
Step-by-step explanation:
The organization's database is its central repository for financial and nonfinancial data. This term could apply to a physical storage system or a cloud-based platform. The database allows the organization to store, organize, and retrieve data for various purposes, such as financial analysis, decision-making, and reporting.