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Master Data Management (MDM)
HighPoint Solutions' Master Data Management and CDI Solution assists companies in enabling delivery of reliable customer reference data and actionable 360º views of the customer, thereby reducing customer operation costs, significantly enhancing customer satisfaction and increasing profitability.
Customer Master is a central repository of unique, cleansed customers for all enterprise applications to reference enabling the 360° view of customers and Business Intelligence.
Master Data Management (MDM) and Customer Data Integration (CDI) are essential to produce timely, consistent, reliable, and accurate reporting in Sales & Marketing and across the enterprise. We help develop Master Data Strategies, define Data Stewardship Organizations, design Governance Models and implement Customer Master solutions.
While customers have been the recent focus, most companies will find a need for management strategies across several dimensions of master data including: Products, Organizations, Alignments, and Pricing.
HighPoint Solutions has found through multiple engagements that the need to answer the following questions highlight the need for CDI and Governance.
1. MDM Strategy
The Master Data Management strategy provides strategic direction and solutions that could apply globally for all types of Master data.
The Master Data Management Strategy Solution includes:
2. CDI and Customer Master
CDI is part of the enterprise MDM Strategy that provides Strategic direction and solutions that could apply globally for all types of Master data. However, because of the high complexity of the Life Science customer in the US, the initial focus is usually driven by the Customer Master Data.
The Customer Master Solution includes:
3. Other Masters
To facilitate batch, real-time or near real-time application integration, the key dimensions of a transaction must be conformed with the enterprise, such that transactions may flow between systems. The MDM strategy will outline the key data entities that have a business value to share, and what relevant master data is required.
Depending on the number of sources, the complexity of the models, the number of possible values and other environmental factors such as existing application architecture, organizational culture and willingness or need to change – other master data applications may be needed.
Other Masters Data Solutions include:
4. Governance
Master Data Management solutions must be a part of an overall data governance model with clearly defined processes, roles and responsibilities of data stewards who are aware of and control the who, what, where and why of customer related data within the organization.
The Governance Solution includes:
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