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.