Master Data Management

Master Data Management - the ability to have a single, accurate, consistent view of critical business data - is becoming a business imperative driven by both legal (regulation) and operational (cost saving) imperatives.

For example, the Protection of Personal Information Act requires that all personal information help about a client should be of good quality and that changes made in one system shouldbe reflected in all others. Similarly, corporate governance legislation and standards such as King III and  Sarbonnes Oxley require an accurate reflection of assets - very difficult to do with fragmented and duplicated asset registers and inventories.

For many organisations data is stored in a myriad of poorly connected systems with many variations and discrepencies.

Master Data Management is the technology, processes and tools required to create and maintain consistent list of master data. Master Data is typically that non-transactional data that is reused by multiple systems - but this can depend on your need.

Our consultants have delivered a number of MDM solutions - on client data, supplier data, contracts/lease data, materials and stock. We understand that MDM is not about creating another database consolidating all the garbage you already have.

• MDM projects require political buy in from multiple role players - because master data will be reused by everybody. Our Data Governance practise wil assist you to manage the tensions and address concerns early and effectively.

• MDM requires clean and consistent data - a single record per master item. Our Data Quality practise will help you to identify what you have, and define processes to deliver a single quality record for each element.

• MDM requires tools. We will help you to understand the different architectural approaches and decide which makes sense for  your environment.