Master Data Management system delivers consolidated, complete and accurate view of business-critical master information to all the operational and analytical systems across the enterprise.
Different data values might exist across diverse applications for the same entity. With many such applications, pairwise synchronization can be complex and fragile. Poor integration of master data can cause serious operational problems, operational efficiency, decision support, and regulatory compliance.
The fundamental purpose of MDM system is to serve as the authoritative source for master data and provide a clean, consistent master data to enterpriser. The benefits include: