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Description
To grasp the concept of master data management (MDM) thoroughly, we must start by defining master data while distinguishing it from master data management itself. Master data refers to the essential business information that underpins and categorizes the transactional and analytical data within an organization. This type of data is sometimes called “enterprise data” or “metadata” and typically encompasses application-specific metadata, various business perspectives, corporate dimensions, reference data, and master data assets. Instances of such enterprise data can include the chart of accounts, organizational or cost-center structures, market segments, product categories, and additional elements. On the other hand, master data management (MDM) performs the role indicated by its name—specifically managing master data. MDM integrates a suite of applications and technologies designed to consolidate, cleanse, and enhance master data while ensuring its synchronization with various applications, business processes, and analytical tools. Overall, MDM plays a crucial role in maintaining the integrity and consistency of data across an enterprise, ultimately driving more informed decision-making.
Description
Develop an integrated and streamlined master data management approach across all your business sectors to enhance enterprise data oversight, improve data precision, and lower overall ownership costs. Launch your organization's cloud-based master data management project with a low entry threshold and the flexibility to implement extra governance scenarios at a comfortable pace. By consolidating SAP and external data sources, establish a singular, trusted reference point and facilitate the mass processing of substantial data updates efficiently. Outline, confirm, and track the established business rules to ensure the readiness of master data while assessing the effectiveness of your master data management efforts. Foster a cooperative workflow system with notifications that empower different teams to manage distinct master data characteristics, thereby ensuring the validity of specified data points while promoting accountability and ownership throughout the organization. Moreover, by prioritizing these strategies, you can significantly enhance data consistency and facilitate better decision-making across all levels of the enterprise.
API Access
Has API
API Access
Has API
Integrations
SAP Joule
SAP Store
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Oracle
Website
www.oracle.com/sg/scm/product-lifecycle-management/master-data-management/
Vendor Details
Company Name
SAP
Founded
1972
Country
Germany
Website
www.sap.com/products/master-data-governance.html
Product Features
Big Data
Collaboration
Data Blends
Data Cleansing
Data Mining
Data Visualization
Data Warehousing
High Volume Processing
No-Code Sandbox
Predictive Analytics
Templates
Data Governance
Access Control
Data Discovery
Data Mapping
Data Profiling
Deletion Management
Email Management
Policy Management
Process Management
Roles Management
Storage Management
Master Data Management
Data Governance
Data Masking
Data Source Integrations
Hierarchy Management
Match & Merge
Metadata Management
Multi-Domain
Process Management
Relationship Mapping
Visualization
Product Features
Data Governance
Access Control
Data Discovery
Data Mapping
Data Profiling
Deletion Management
Email Management
Policy Management
Process Management
Roles Management
Storage Management