Master Data Management
Get “one version of truth.”
Business Benefits
Improve Operational Efficiency
Master data is a main business asset. Successful businesses implement MDM to improve business process performance and operational efficiency, forecasting and decision-making, data governance, auditing and regulatory compliance. MDM also helps remove duplication and manual entry in multiple systems across the enterprise.
Improve Decision-Making
Count on our MDM solution to deliver high-quality data for better decisions. When you have better information, you can make more informed decisions. For example, knowing which geographical location was the highest selling last quarter can help you decide where to focus your sales efforts. Or knowing who your top 25 customers are can help you determine which customers you should provide additional offers and discounts.
Providing operational data to downstream business intelligence and data warehousing systems allows you to capitalize on your data for better insight and better forecasting.
Reduce Process Errors
What happens when your enterprise data is incorrect or incomplete? Exceptions can occur that require manual resolution of the problem, wasting time and energy. You can avoid this problem with our MDM solution. Consolidating and normalizing data, and applying data-quality procedures, ensures master data your business can depend on to deliver a higher level of straight-through processing as well as fewer errors.
Complete and accurate master data reduces process errors. That’s why our process-driven MDM methodology aims to improve master data where it really matters: your processes. We look at the data your processes consume or create to make sure this data is of the highest quality, regardless of its domain (for example, customer or product). This drives Business Process Excellence.
Ensure Regulatory Compliance
Need to reduce the costs and effort to manage compliance? Our MDM solution helps by providing reliable control of master and reference data, such as data on customers, counterparties, securities and employees.
For example, financial institutions that have mastered, reconciled and related financial reference data within and across domains have:
- A clear picture of current holdings and positions on financial instruments and associated counterparties
- The ability to accurately measure risk exposure to all counterparties based on their holdings and positions on financial instruments
Life sciences companies that must comply with physician spend regulations and reporting can also benefit. They can get a holistic spend picture across multiple parts of their organization for each physician. Our MDM solution does this by uniquely identifying each physician or healthcare provider with consolidated views of related transactions to ensure accurate monitoring and reporting on spending.
