Master Data Management, not only about data
Master data holds a central position within every business process in your organization. For that reason it is vital that master data is unique, trustworthy and complete. Often siloed - or maintained in multiple systems - consolidation of master data is key. But it is not only about getting clean and staying clean. Once consolidated, the data must be distributed - or harmonized - throughout your system landscape, ensuring each source of master data is fully updated to the latest and greatest set of your master data.
This has consequences for your integration-strategy. While your master data may reside in different systems, each with their own requirements towards integration technology, your master data management capability should, of course, be flexible enough to allow it to adapt to a myriad of these requirements.
Master data management is also about governance to ensure master data maintenance is valid and permitted. This is more than just summing up te sequence of events that occur during the creation, retrieval, update or deletion of a master data object. It is also about determining who does what, when, where and how. But also when and where master data is required in your system landscape.
The final goal of master data management is to ensure your master data, being used in your operational or strategic reporting, is delivered without delay and without discrepancies.
Through years of experience within the field of Master Data Management, Master Data Consulting has full understanding of all aspects that are required to implement solid Master Data Management. Of course, master data management capabilities should be allowed to evolve. This leads to an implementation strategy along with an implementation roadmap, that facilitates "natural" growth and minimizes impact on your organization and employees, resulting in easy adoption.