To us, the best data governance definition is this: the practice of converging data quality, data management, business process management and risk management to leverage information as an enterprise asset. Effective data governance enhances the quality, availability, security and integrity of your data by enabling improved collaboration, structured policies and greater accountability.
Even though data governance is not a technical discipline, companies need tools to monitor data quality and ensure compliance to corporate standards. Stibo Systems’ STEP master data management (MDM) platform provides the robust toolsets needed to support such an overarching data governance program.
Companies using Stibo System’ STEP master data platform and data governance definition helps with:
- Improved cross-sell and up-sell conversions
- Reduced time to market of new products
- Fewer out-of-stocks
- Reduced inventory costs
- Enhanced effectiveness of your investment in enterprise search
- Fewer point-to-point integrations between applications
- Lower administrative and data-cleansing costs
- Greater procurement efficiencies and procurement leverage
More about master data
Location master data solutions from Stibo Systems enable efficient management of both structured and unstructured location data across all business systems. Our STEP platform provides a sophisticated set of tools and an intuitive user interface for managing and sharing data, attributes, descriptions, documentation, images and other related data components.
Robust document management functionality provides an electronic archive of all documents and manuals associated with each location. And clear audit trails and complete record histories yield the information you need to ensure regulatory compliance and solid data governance.