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A smart way to correct the age-old problem in enterprises that the left hand does not know what the right hand is doing. The goal is to merge all the disparate, oft-conflicting records you have on customers and transactions into one authenticated master file. The challenges are to create a common method for users to retrieve the information from within all the applications they use, and to maintain an accurate font of master data.
Ever had to reconcile the records from your Customer Relationship Management (CRM) system with those in the Accounts Receivable (AR) database? Why is it that Accounting says you only have 700,000 customers, but there are 1 million customer IDs in the CRM system? And as corporations automate more of their business processes, each new application introduces a dimensional leap in complexity to make all of these applications operate with each other.
Businesses with many applications in multiple departments would benefit. Enterprises formed through merger or acquisition should consider data integration to implement master data management. Most small-to-midsize companies do not have enough inter-departmental communications challenges to justify such a deployment.
Master data management system integration is a multi-disciplinary project that typically involves business process analysis, data assessment, data cleansing, data consolidation and reconciliation, data migration, and development of a master data service layer. As a result, a "system of record" is produced to store a master copy of all corporate data. A successful implementation also requires a corporate mandate to prevent renegade use of applications that produce incoherent or redundant sets of data.
At Abms, we use different technologies like SAP MDM (Mater Data Management) and ORACLE to help our clients with their mater data requirements. We have good professionals who can implement SAP MDM for our clients irrespective of the size of the data.
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