About Us
Master Data Management CC is a specialist provider of data management solutions.
Over nearly ten years we have adapted market leading international technologies to provide a strong South African jump start that will save your business months of development time.
Our core competencies include Master Data Management, Data Governance, Data Quality, Data Integration and Data Privacy.
If you need help to deliver quality data, to the right application, at the right time, then contact us.
FACTA penalties loom for financial institutions
Financial institutions have less than a year to comply with the requirements of FATCA (foreign account tax compliance act) or accept a 30% withholding tax on U.S. revenues and proceeds from sales of instruments which yield revenues from U.S. sources. The Trillium FATCA Compliance Data Assessment service enables organizations to gain an early and accurate perspective on the data management challenges they will face in meeting these requirements.
Johannesburg, 12 January 2012 – Master Data Management, the South African resellers for Harte-Hanks Triliium Software announced that they will be providing the Trillium FATCA Compliance Data Assessment service to assist financial institutions (FFIs) that must comply with FATCA or accept significant penalties.
FATCA is a new directive of the United States government that requires FFIs with U.S. client accounts to share information on those clients with the United States Internal Revenue Service (IRS) to ensure that U.S. citizens report income above certain levels earned outside the United States. This impacts any FFI, including banks, insurance companies, brokers, and investment firms, that deals with U.S. individuals or trades in U.S. markets.
According to the South African Institute for Financial Markets the scope of FATCA is significantly broader than the current Q1 regime and the act cannot be adhered to with existing processes and systems. Participating FFIs must prove (annually) that they have identified all relevant clients and report the relevant client information to the IRS, or accept a 30% withholding tax on payments.
The Trillium FATCA Compliance Data Assessment helps FFIs measure the state of their data for enabling the identification of U.S. accounts and the sharing of necessary information as required by the act. The assessment provides a detailed ‘map of the gaps,’ allowing firms to determine and plan any data or process remediation activity that will be required to ensure that data is fit to support the requirements of the act on an on-going basis.
Get 10% off Business Intelligence Summit through MDM sponsorship
Poor Data Quality is cited as a leading cause of failure for BI and MDM projects.
As thought leaders for Data Governance, Data Quality and Master Data Management we are proud to sponsor the 2012 BI Summit.
Visit our stand to learn how our clients have applied Data Governance and Data Quality techniques to improve the confidence of their reporting, create a single consistent view of master and reference data, and comply with regulations.
We specialise in providing cost effective solutions to difficult problems. Our diverse client base ranges from blue chip international corporations to smaller family run businesses and government departments.
They are united by the shared vision to reolve the data management issues that had plagued their businesses for years. Visit our stand to understand howm our unique methodologies and tools can help you.
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Data Quality Matters
Manage data for business returns-
IS 2012 the year of delivery for data quality?
The relevance of data quality in achieving delivery for Business Intelligence (BI) implementations has becoming increasingly clear over the past few years, and in 2012, it is expected that this trend will be continued. Predictions by Boris Evelson of Forrester Research suggest that delivery will be a primary focus for BI projects for the coming [...]
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The business takes up data governance
Recent Forrester Research on top trends in EA is encouraging as it affirms that business is starting to recognise the value of some of our key value propositions. According to their research, leading firms are recognising the importance of data governance to the success of many other initiatives, including master data management. As a result, data [...]
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Is bigger data better data?
A friend recently updated her Facebook status to “engaged”. Shortly afterwards she noticed that the ads that were popping up around her facebook page were wedding oriented. Another friend, after adding some photographs to her profiles was freaked out by the question – “Did you take these at Bob’s wedding in Nieu Bethesda?”. She had [...]
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When is H2O not water?
One of my children posted the attached joke on facebook recently. It raises an interesting point. Ambiguity in data can have life or death implications. In most companies data volumes prohibit manual exception management of ambiguous data – particularly for matching. Where data volumes are lower, staff complements tend to be low too. So 70 [...]
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What is metadata anyway?
Peter Benson, quoted by Jim Harris, has very nicely expressed one of my pet bugbears - “Mention the word metadata and you have immediately lost all but the hard core techies and they have neither the authority nor the budget to solve the problem. “ As data management professionals, we all understand the importance of metadata. [...]