Master Data Management – Provides a single version of truth
Master Data Management (MDM) is the key strategy of Winning Corporations as it
holds the data about your of customers, vendors, employees and products.
Master data has multiple applications (like ERP, Business Intelligence
Software's etc…) associated with it and a small error in the master data could
be the cause for the failure of all these applications. This hinders the over
all company growth on its every move, since it spans all business functions.
This hindrance has made company's to respond agilely on data quality which has
promoted the essence of our services.
NisargaSoft being a best in class service provider which delivers optimum
results in terms data integration, data quality and accuracy, leading towards
effective master data management and helps to explore the potential of your
business. Master Data Management mainly needs services like Customer Data
Integration and Product Information Management which is our core business.
"Master Data Management is the new economy tool for success in 2009"
Master Data Management Process involves:
Data Analytics
:
Raw data of the Customers, suppliers and products are gathered or
extracted from various sources. Data is analyzed and the standards
for the project are set using unique identifiers to encounter all
the data errors. Here we also take all necessary steps to convert
the data into useful and trusted information.
Data Synchronization
:
In this process all data is cleansed, normalized,
classified and enriched to improve the quality and structure of the data. This
provides better results in data integration and reduces the failure in the
loading system.
Quality Check
:
QC is done to reconfirm the accuracy of data in all stages and
at the end of the process by data experts.MDM provides data of well known quality and value. Effective management of
master data also helps in adopting the next generation data management
disciplines easily.
Key benefits of Master Data Management:
Consistency and clarity of all business information
Clear view of inventory position of all locations
Intelligent decision-making
Improved corporate compliance
Reduced cost and complexity of data integration
Efficient and consistent business processes
Enhanced data warehouse utility
Uniform dimension and hierarchy structures
Easyaccess to multiple data sources
Apart from the above benefits MDM also helps to maintain more accurate and
long-lasting records and improves business analytics and intelligence