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With growing complexity of organization there is a need to establish standards, processes and governance rules over master data. Master data are the lowest level data objects, where data are processed, stored, reported or analyzed in the applications. Typically, this comprise of entities, units, chart of accounts, KPIs, ratios or supplementary account. Varying by processes, this extends through other dimensions such as movements, data sources and auditing layers, products, customers, channels or many other operational slices.
Our solutions provide best-in-class data governance capabilities meeting your needs. If the organization operates separate master data management solutions beyond finance, we link our solutions to these tools or analyze the best design data flow.
In summary, the critical benefits of having good governance and strategy for managing financial and non-financial master data within CPM include data accuracy and consistency, data integration and interoperability, regulatory compliance, enhanced data security and privacy, efficiency and cost savings, and improved decision-making and performance management. These benefits contribute to organizational resilience, transparency, and the ability to drive sustainable growth.
defining the attributes, hierarchies and relationships of master data elements to support effective reporting, analysis and decision-making
enabling to integrate and transform financial and non-financial master data from disparate sources into a unified and consistent formats
offering data migration strategies, tools and expertise to ensure a smooth transition and minimal disruption to ongoing operations
as the quality of master data models and the underlying financial and non-financial reporting strategy is crucial
to establish solid master data flow and governance strategies within the core enterprise applications and tools
facilitating seamless data flow, enhancing data integrity, and enabling comprehensive reporting and analysis