Master Data Management

Master Data Management

Many companies today have a large amount of applications and systems (ie ERP, CRM) where cross-functional data can easily become fragmented, duplicated and often outdated.

An organization’s data often comes from many sources and is touched or used by many people.

This can result in redundant and even conflicting information and creates obstacles to provide accurate information in a timely manner.
 
Establishing processes and tools for effectively managing the most critical data is essential.
 

Master data management (MDM) involves creating a single master record for each business entity such as person, place, or whatever is available in a particular organization from across internal and external data sources.

The central master repository is normalized (de-duplicated, reconciled and enriched), becoming a consistent, reliable source and serves as a trusted view of business-critical data. The MDM solution automates how this data is governed, managed, and shared throughout applications across the entire organization.
 
We have successfully used Tibco Collaborative Information Manager to implement such solutions.