Enterprise Data Management (EDM)

Enterprise Data Management (EDM)


Does your master data facilitate a single version of truth? Organisations have disparate systems and their segments and master data, are seldom aligned and centralized throughout the organisation. Even if centralized the process of maintenance, update is manual and time consuming and lacks traceability. As an organisation grows organically and sometimes by mergers and acquisitions, the number of systems they have increases, therefore it becomes essential to manage hierarchical master data
Absence of enterprise master data management, forces users within organizations to independently source, model, manage and store data. Uncoordinated approaches by various segments of the organization can result in data conflicts and data quality, integrity inconsistencies thereby lowering the trustworthiness of data used for operations and reporting.
Univon helps resolve the issue by identifying various hierarchies, standardizing, synchronizing information, enabling business users manage changes in centralized hierarchical master data within a purpose built EDM system, topped with automations thereby ensuring least human intervention in the process.
A matured data management approach enables creation of accurate, consistent and transparent master data content and thereby comparable reports, across ERP, EPM, operational, reporting systems, business segments and entities within the group.
This provides enterprises with a solution to build consistency, regulatory compliance, risk mitigation, despite endless changes within the underlying transactional and analytical systems. As a result finance and business users spend less time reconciling the numbers and more time on the business issues at hand.
EDM Solutions
Identify
- Identify master segments and hierarchies, check for standardization
Centralize
- Centralize management of master data hierarchies, maintaining multiple variants as per needs of different systems
Analysis
- Comparing alternate business perspectives within and across applications, understand differences, and rationalize
Process & Collaboration
- Set up system driven processes for maintenance and updates, enabling collaboration across users and systems
Versioning
- Create Multiple versions as need based on organisation requirements
Audit Trail
- Transparent activity trails that enable regulatory compliance and risk mitigation