Master Data Management
The Challenge
The wish for consistent master data is rendered more difficult of attainment by the increasing distribution of data among different systems, the global use of master data, and utilization of one and the same data record in an enormous range of different contexts. Management of partial attributes in a wide variety of systems is also increasing in complexity. For globally operating companies, in particular, consistent data quality and quantity is indispensable if unnecessary inefficiencies are to be avoided. Worldwide distribution of decision-relevant data has increased dramatically as globalization advances, and will intensify still further in the years ahead. Global Master Data Management is the answer to the market’s emerging challenges for globally operating enterprises.
Approaches to system integration provide only partial solutions to the problems entailed by globally distributed data, since integration scenarios presuppose correct master data, which are frequently not in place. Without consistent master data, the complexity of information processes cannot be reduced. In addition, misconceived or inadequate master data management will in the medium to long term result in a substantially restricted level of data quality. This leads to increased outlay for ongoing updates and migration, to higher costs and in worst case also to the loss of business associates or impaired competitiveness. With the introduction of SAP Global Master Data Management (GMDM), users possess a tool that enables master data challenges to be met and mastered, and updating processes to be handled with long-term efficacy.
Solutional Approach
The Information Management Group (IMG) provides the following services in the field of global master data management:
- master data analysis
- standardization and distribution concepts for master data and attributes
- formulating a system architecture for proactive master data updating
- migration and implementation concepts
- support for master data harmonization
- conversion routines for master data (in the individual system concerned)
- piloting and introduction of SAP GMDM
- implementing the requisite system integration initiatives themed around SAP GMDM
- operational coaching / concept
In numerous projects, IMG has solved master data problems as both the conceptual and the implementation partner involved. We support our clients as an innovative, dependable consulting partner, with international experience and can-do expertise. The consultants at IMG possess a comprehensive fund of practical expertise, backed up by in-depth sect oral experience. They are familiar with the structures and challenges of the various industries involved, and with the success-driven action options and solutions available. This enables analyses and strategies to be formulated swiftly and purposefully, for single-sourced implementation.
Benefits
Companies that handle their business processes on the basis of harmonized cross-system cross-frontier data, obtain very substantial benefits with Global Master Data Management such as:
- harmonized data throughout the entire company
- cross-system/company data consistency within the business network as well
- improved cooperation with all business associates
- optimized business processes
- high data quality
- eliminating inconsistent or obsolete master data
- reduced costs for data management, data distribution and correction of faulty data
- improved competitiveness
Another advantage of SAP Global Master Data Management is the option for modularized implementation without any significant system downtimes, plus the ability to update and manage databases on an internationally global scale.
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