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