Master Data Management Framework (MDM)

Master data has become a critical discipline and process  for delivering effective business intelligence in any organisation. 

Without it, BI efforts are difficult and often a waste of time. Disillusioned users revert back to reporting from their trusted spreadsheets. 

The ironic thing is that users fixing data for their spreadsheets to balance are actually cleaning master data in a very inefficient way as the process has to be repeated each month. 

There is a lack of master data strategy.  No-one has an enterprise perspective for data management and no clear direction for integrating master data.  The environment consists of multiple customer masters, multiple integration points, and multiple platforms which varies by line of business. There are also often inadeqaute  established processes for organisations for governing master data, or monitoring and maintaining its data quality.

Prize 1 is to sort out the master data and maintain it. 

Benefits of Master Data Management

Reporting

o    Improves the ability to consolidate information
o    Improves the reporting capabilities
o    Improves the analytical capability of the organisation (business intelligence)
o    Improves the speed at which decision making can be performed
 Process Efficiency
o    Reduces the time to collect a collate reports
o    Reduces the time to reconcile information
o    Reduces IT development and maintenance costs
o    Shortens the cycle time for reporting
o    Ensures silos within the organisation are more aligned and improves teamwork
o    Easier to implement future processes and systems
o    The business can adopt more quickly to market or environment conditions
o    Enables the business modelling capabilities of the organisation e.g. what-if scenarios
o    Creates consistency in the business and makes it easier to identify business optimisation opportunities

Governance
o    Easier to audit
o    Controls key master data information and improves the safeguarding of assets especially cash

Our Approach

Here are 5 keys to an effective master data management framework: 

1. Have a clear view of what  master data is needed for  which reports / KPIs

2. Set clearly defined data standards 

3. Establish the Roles & Responsibilities of the master data owners

4. Design an efficient process to add and modify master data 

5. Maintain Governance through measuring master data quality.


KPI Management Solutions has some of the best master data specialists in South Africa. Whether you have a Master data Management Framework or you're setting out to develop one, we can assist in setting you on the right road as quickly as possible.

For more information about Master Data Management kindly complete your contact details in the form provided below. We will arrange to contact you to arrange a mutually convenient appointment to demonstrate it to you. 

Contact Us
Please contact us with all your general or specific enquiries using the from below:
Roger Knocker (Managing Director)
Email:
roger@kpims.co.za
Mobile:
+27 82 809 5423
Tel:
+ 27 (011) 051 0000
Anthony Wilson (Consulting Director)
Email:
anthony@kpims.co.za
Mobile:
+27 83 462 5975
Dylan Hinde (BusinessDevelopment)
Email:
john@kpims.co.za
Mobile:
+27 82 558 8051
Address
Postal:


Suite 270 Postnetbag X3
Northriding
2162
Physical:





7 Westminster
15 Malgas Avenue
Douglasdale
Randburg
South Africa
Map to our Premises
Contact us by filling in the form below
Name:
Surname:
Email:
Tel:
Organisation:
Enquiry: