Master Data Management
Get “one version of truth.”
Business Needs
Customer MDM | Product MDM | Reference MDM | Hierarchy MDM | Multi-domain MDM | Metadata Registry (MDR)
Reference MDM
Reference data typically doesn't change very often. Reference data includes subjects like units of measure, country codes, corporate codes and conversion rates. This data is often widely referenced across your organization, providing tremendous value when it's consistent across functions.
Our MDM solution provides a central platform for all reference data, including externally sourced industry standards, for use across all functions in the organization. Additionally, improved reference data management throughout the organization provides better analytical reporting.
Common uses for reference data management are in:
- Managing information from online subscriptions and external data sources, such as Dun & Bradstreet
- Managing insurance plan benefits
- Medical billing using established procedure codes and insurance rates
- Regulatory compliance, particularly in financial services—SOX, Basel II and the Patriot Act all require reliable control of master or reference data
- Risk data for insurance underwriting (e.g., car make, model, age and neighborhood)
- Improving stock market trade executions with complete and uniform data
Software AG’s webMethods OneData is recommended by The MDM Institute for reference data management based on 10 key evaluation criteria. Download the free report.
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