Master Data Management Software
Master data management (MDM) has become a priority for large organizations. Supply chain synchronization, new product introduction, multi-channel sales and support, trade reconciliation, risk management, and compliance are just some of the drivers that are compelling companies to be more strategic about managing their information assets.
IT strategies like SOA and BPM cannot deliver the full return on investment if the underlying data they rely on is inaccurate, inconsistent, or not rich enough to provide business value.
"The harmonization of product and customer data provides a cornerstone on the road to SOA. With true master data, Web services and the related business processes will become more accurate, timely, and efficient, leading to improved ROI on existing investments as well as improved business intelligence."
- Forrester Research
MDM ensures that master data (assets, people, locations) is accurate and consistent across multiple transactional systems. It enforces the necessary processes, policies, and procedures so that clean data stays clean. It allows organizations to manage the complex hierarchies and relationships within their data such as the relationships between two products, a customer and a vendor, general ledger hierarchies, and so on.
Through effective MDM, organizations can eliminate errors, become efficient in their business activities, and accelerate critical processes such as new product introductions, service provisioning, cross-sell/up-sell, and customer service. Additionally, MDM builds a data services foundation that supports IT initiatives such as SOA and BPM.
| Capability | Benefits |
|---|---|
| Aggregation of enterprise information into a single source of truth |
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| Automated information management processes |
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| Rules-based validation |
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| Synchronization of information with transactional systems |
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| Highly available master data services |
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Product Information
TIBCO Collaborative Information Manager™ software enables organizations to align enterprise master data (product, customer, vendor, etc.) across multiple business units, departments, and partners and synchronize that information with downstream IT transactional systems.
