Master Data Management
Companies rely on qualitative data to make business decisions daily on a global basis. MDM ensures the consistency, accuracy and reliability of the company's data.
If you keep more than one copy of the data, it can and will result in inefficiency in your crucial "single version of the truth" across all copies. Your “golden master record” is critical to the quality of your operational data.
Achieve a modern business landscape
IMPROVED DATA QUALITY
Data needs to be accurate, complete, consistent, and last but not least: valid. Well built and pertained MDM puts technical constraints on modifying records, preventing duplicate or incomplete entries from occurring in business processes.
ELIMINATE REDUNDANCY, ERRORS AND INCONSISTENCIES
MDM provides a structure that coordinates data throughout the organization and presents each object’s (customer, supplier, product, …) single view, eliminating redundancies and errors. MDM ensures your data is consistent by storing data into one platform.
AVOID DATA DUPLICATION
Data changes over time. Instead of modifying by creating another record or duplicating information, simplify the update to single master data records. This increases the efficiency of the business processes.
Companies increase the number of data platforms and turn to new technologies, MDM makes migration easier. Data can flow easily between the cloud or on-site, or between different database systems, at different partner environments.
Business decisions are based on good quality data provided by MDM