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In enterprise, there are several systems managing the same data that leads to various types of inefficiencies. The role of MDM is to centralize data into one master copy which is then synchronized to all applications.
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The system provides organizations with data integrity and avoids discrepancy, inconsistency and duplication for better decision making and process execution.
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* MDM solution comprise a broad range of data cleansing, transformation, and integration practices and gives a consistent view of core business objects for masters like Suppliers, Customers, Inventory Part, Purchase Part, Sales Part and many more.
* The solution provides a comprehensive and trusted view of critical entities across the enterprise with analytical graph-based exploration, agile self-service access, governance and user-friendly dashboard capabilities.
* Consolidate critical information across the enterprise while reducing redundancy.
* Improve data integrity and ensure validity and completeness.
* Master Data edits are not isolated and reflected across all locations.
* MDM data management process involves controls by data owners and data stewards
* Get a Realtime view on MDM status from a single screen on IFS Lobby
* Make effective business decisions as data quality is more consistent.
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Simply sign up to get a handout with more feature details
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