Anyone who deals with master data in a company knows the importance of this data and the situation that arises when master data is not under the sovereignty of a central office. Due to different views, processing statuses or focal points of interest, decentrally maintained data will not be congruent and will require a great deal of coordination effort for harmonization.
Advantages at a glance
Data records are stored centrally and can be retrieved up to date. There is no need for a work order to deliver data and harmonization of pre-planned activities between different work areas. Business processes are accelerated as a result. Unpredictability caused by master data that is not up-to-date or not harmonized does not continue to occur.
Changes in business direction can be made without being hindered by cumbersome handling of master data.
Master data can be consolidated from SAP systems, from non-SAP systems, from on-premise and from the cloud into a single dominant master data set. This creates order. This enables fast reactions in the market - even unforeseen ones.
This reference data is made available to the departments from a central location. The individual departments are free to purge the data of information for specific actions. It is also common practice to enrich master data records of users within a department with information that is only of interest to that department - for example, a points bonus for the performance of the sales team. However, master data governance remains unaffected, as does the delivery of current master data to individual departments.
Master data records form the reference data set for the entire company through SAP MDG. Data can be made viewable and retrievable for employees with access authorization and can be maintained if roles are assigned accordingly. Thus, up-to-date reference data sets are ready for retrieval in the company.
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