Information derives its own unique benefits from Master Data Management. Scroll down and explore the advantages that you will gain when your data isn’t siloed in your organization. Make sure everyone has access to the right data, in the right place, at the right time. All of this in one platform.
It's challenging to manage hundreds or even thousands of products. Especially if the information about them is found in countless spreadsheets and in disparate systems or departments across your organization; leaving you with duplicate, inaccurate and poor quality information. With a single, accurate view of your products you can:
Can you identify individual customers anywhere, across your channels or lines of business? Probably not. Your data silos lead to inefficient sales, marketing and customer services – and reduced loyalty. A seamless MDM solution managing customer data can:
If you sell to organizations, it is critical that you get the full context of each customer and its penetration, credit risk, prospect whitespace analysis and so on. This is impossible if your customer records are spread across departments. With a single, accurate view of each organization you can:
Like every other company, yours faces the challenge of attracting and retaining the best talent in your field. If your employee data is spread out in silos across your organization, you will not get a good enough view of each employee. With your employee data in a centrally located MDM system, you can:
You need to understand and collaborate with your supply chain. However, the relevant supplier information is probably spread out across systems (CRM, ERP, spreadsheets) and departments, leading to all kinds of inefficiencies in supplier on-boarding, communication and management. Managing your supplier data in an MDM platform allows you to:
Managing and tracking physical assets - such as equipment, buildings, materials and parts - can be costly when done ineffectively, due to higher maintenance costs, lost assets and increased downtime.
With a comprehensive MDM solution, you can have all your asset data in one, visible place and allows you to:
In your healthcare system, patient data may not be integrated across departmental or organizational lines. This leads to silos such as “lab data”, “clinical data” or “billing data." You can’t get a complete view of an individual patient. You only see what your department’s system tells you. With an Enterprise Master Patient Index (EMPI), built on an MDM platform, you can:
Your bottom line results may suffer due to returned mail, loss of patient referrals and regulatory compliance fines. This is usually caused by inaccurate and inconsistent provider data. Most healthcare enterprises don’t have a complete view of referring or even of staff providers. That is because they rely centrally on systems – like credentialing systems – that don’t include data from other internal systems or even from the provider herself. Creating a Provider Registry using MDM can:
Expand your horizons and see why multidomain Master Data Management is increasing in popularity.
Get the facts you need in this data sheet.
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