Master Data Management

Master Data Management

SAP Best Practices survey of ’ SAP Users’ Group, says 93% of respondents experienced data management issues during their most recent projects. And data management was identified as the root cause of problems in process improvement projects. Part of the problem stems from the fact that many organizations believe they are already using master data. But the reality is that they are operating within the confines of disconnected silos of data – the information contained in multiple systems, applications, and spreadsheets. Once master data is generated and trapped in silos, inaccurate and inconsistent information is perpetuated throughout
the organization. This creates an incomplete view of the business and limits your ability to aggregate and distribute data, which hampers even the most carefully planned and executed initiatives.

Master data Migration Management-
Mavericks project management team ensures collecting, matching, normalizing, cleansing, and storing master data imported from client systems. The principal activities of master data consolidation are:

  • Identifying identical or similar objects spread across local systems
  • Building consolidated master data

Excelling at master data management brings several types of business benefits. SAP has determined that effective and efficient use of MDM information benefits organizations in the following three areas:
Operations: Improving day-to-day operations reduces costs and potentially increases revenue.
Insight: Providing increased visibility into operations enhances and accelerates decision making.
Compliance: Acting in accordance with increasingly demanding and complex regulations delivers multiple additional benefits.