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SAP MDM – Governance as Key to MDM success
In an era where data analytics drives the revenue bus for all companies, a reliable single source of truth of company data is mandatory. Companies recognize the criticality of having reliable and comprehensive master data.
SAP Master Data Governance is a solution built on SAP Business Technology Platform. It pulls together master data organization-wide and manage it centrally to provide a united, trusted view into the business. It comes as a cloud and on-premise version, and supports all master data domains and implementation styles with pre-built data models, business rules, workflows, and user interfaces. As one would expect from any SAP product today, it also connects to a wide variety of SAP and non-SAP software through interfaces. Read this article on the improvements SAP has done in its Master data capabilities – An Introduction to SAP Master Data Governance.
SAP MDM – Governance as Key to MDM success
In an era where data analytics drives the revenue bus for all companies, a reliable single source of truth of company data is mandatory. Companies recognize the criticality of having reliable and comprehensive master data.
SAP Master Data Governance is a solution built on SAP Business Technology Platform. It pulls together master data organization-wide and manage it centrally to provide a united, trusted view into the business. It comes as a cloud and on-premise version, and supports all master data domains and implementation styles with pre-built data models, business rules, workflows, and user interfaces. As one would expect from any SAP product today, it also connects to a wide variety of SAP and non-SAP software through interfaces. Read this article on the improvements SAP has done in its Master data capabilities – An Introduction to SAP Master Data Governance.
Key elements of the solution include:
- Centralized creation and maintenance of master data – Companies can ensure governance at the point of authorship and avoid duplication, invalid edits, and non-compliance
- Automated workflows – Standardized and customizable, these automated workflows ensure the right people audit, approve, and manage the master data at the right time
- Compliance and audit support – Maintaining version control and change history improves transparency and helps ensure compliance
- Security and access – Role-based access and device specific setup helps to enforce security and yet, provide the right people with access.
SAP Master Data Governance also comes pre-built with the most common domains for SAP – Customer, Supplier, Material, Financials, Retail, and Technical assets. It also a rich set of domains that customers can implement such as country code, tax code, order type, bank code, currency code, department, channel, activity type, document type, etc.
With SAP Master Data Governance, companies can also implement and manage a federated master data (instead of a centralized one) where different teams own different domains. The central system manages the core while syndicating specific domains to other systems. This model provides flexibility to regional office or product units, while also ensuring central compliance and a single source of truth.
SAP Master Data Governance’s cloud edition goes further by providing a hub-and-spoke federation that can slowly help an organization migrate to a federated approach.
Overall, SAP’s MDM solution meets the goals of data strategy, a critical strength as companies’ data growth explodes.
102 results
Crafting an Effective Master Data Management Strategy for Your EnterpriseAug 7, 2024 — This article will delve into the importance of having a solid master data management strategy, its key components, best practices and measurements during implementation. By the end of this comprehensive guide, you will have a thorough understanding of how to develop and implement an MDM strategy that drives significant ROI for your business.
5 minute read
Building a Robust Master Data Foundation with SimpleMDGMar 21, 2022 — A robust Master Data governance platform is not only critical for the business process and analytics excellence of an enterprise but has a key role to play in the migration to SAP S/4HANA. Deepa Salem, Vice President and Research Director, SAPInsider With the explosion of data generated across the enterprise, we have entered an era […]
7 minute read
Mastering SAP Data Management with McKinsol’s Intelligent Data Management Express (iDMX)Apr 23, 2024 — McKinsol's Intelligent Data Management Express (iDMX) is a proprietary tool designed to revolutionize SAP Master Data Management by facilitating streamlined CRUD operations (Create, Read, Update, and Delete) across various domains like Article Master, Vendor Master, Customer Master, Material Master, BOM, Routing, Cost Center, Profit Center, and GL Account. The tool is structured to enhance ease of use, supporting both individual and mass data operations, which positions it as a significant advancement in data management.
iDMX specifically improves data management through integrated workflows within three main areas: Pre-Boarding, Master Data, and Preprocessing. The Pre-Boarding process aids in the smooth integration of new suppliers and customers into the SAP system with rigorous verification steps to uphold data accuracy and reliability. The Master Data domain encompasses a broad spectrum of categories such as articles, materials, vendors, and more, implementing domain-specific validations to curb data redundancy by avoiding duplicate entries. Additionally, the platform includes an analytical dashboard and a Mass Upload feature to enhance data entry efficiency and cater to the comprehensive needs of data quality management.
3 minute read
Video: Building a Robust Master Data Foundation with SimpleMDGMar 21, 2022 — Master data governance is critical for success with business processes and data analytics. Yet, it is a complex challenge in today's diverse landscape. Laidon's SimpleMDG allows for a intuitive user interface to create based on pre-built templates and manage workflows with automation.
1 minute read
What You Need to Know About MDM-Portal IntegrationOct 25, 2012 — Explore the four methods—MDM Business Package, MDM Web Dynpro Configurator, MDM Web Services, and MDM Java API—from which you can choose to integrate SAP NetWeaver Master Data Management (SAP NetWeaver MDM) and SAP NetWeaver Portal. Learn how and when to implement the integration method that best addresses your business structure, and then take that integration […]
31 minute read
Master Data Management: An OverviewAug 8, 2024 — Master Data Management (MDM) is a critical process that helps businesses maintain consistent and high-quality data across various domains such as customer, product, and location information. As businesses increasingly rely on multiple applications and systems like ERP and CRM, the risk of data duplication and inconsistency grows, making it challenging to access accurate and timely information. MDM addresses these challenges by providing a unified approach to managing key data, ensuring all departments use the same information. Effective MDM requires not only technology but also changes to business processes and strong governance practices. The benefits of MDM include improved data quality, reduced errors, enhanced security, and optimized business operations. Tools like SimpleMDG offer streamlined solutions for managing master data, allowing businesses to leverage data for strategic decision-making and operational efficiency.
7 minute read
4 SAP NetWeaver MDM Implementation Design Challenges SolvedDec 9, 2011 — Step through four common challenges that pop up during SAP NetWeaver Master Data Management implementations. Discover the ways to mitigate potential problems as well as tips for making optimal design decisions. Key Concept Data Manager is an out-of-the-box user interface delivered with SAP NetWeaver MDM. Experienced administrators with highly technical capabilities use it to manage […]
9 minute read
Data Quality Strategies for mySAP CRMJun 15, 2006 — SAPexpert/CRMMany companies starting CRM initiatives are not satisfied with the resulting customer views, citing distrust of the data in their systems. Data quality strategies help you resolve data issues that distort customer views. Find out tips for preparing, blueprinting, and implementing a solid data quality strategy. Key Concept Identifying inconsistencies and anomalies in your data […]
28 minute read
American Standard Opens New Markets with SAP NetWeaver MDMSep 8, 2009 — ManagementMost Americans immediately recognize American Standard as a foremost brand name in toilets, sinks, faucets, fixtures, and other kitchen and bathroom products. However, the company’s efforts to become a household name in Mexico were hampered by an unreliable Web site and inefficient product data business processes. By building on an ongoing SAP NetWeaver Master Data […]
10 minute read
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