Synchronization of data across departments
Master Data Management is a central process that gathers company data into one accurate and reliable version of essential master data.
It is an organized approach to data management – a data strategy and technology for managing the company’s master data, also called master data.
Master data is the company’s important data sources with information about employees, customers, suppliers, products, locations, finance, etc.
Using MDM, you manage the same version of data across the organization, and make it possible to share master data no matter what platform or enterprise system you are on – ex. ERP, CRM, e-commerce or others.