Master data management can help data leaders succeed in data governance and extract maximum value from their data.
Data privacy regulations such as GDPR, LGPD and CCPA exist to protect consumers and include the right to opt out, the right to access and consumer consent. You need to know where data comes from, where it is located and how it’s being used. The consequences of non-compliance are significant.
Given the volume and the complexity of consumer data, organizations are required to implement controls to ensure data mapping, cleansing, syndication and accountabilities.
Stibo Systems MDM supports your data privacy compliance initiatives with a number of unique features, such as:
Regulators and consumers are inquiring ever deeper into the accuracy of data and the processes by which it is being created.
Managing product and customer data is not feasible when it is scattered over several applications. This hampers the ability to locate product masters and provide up-to-date views of customer records.
MDM works alongside business systems, unifying product data in a single source of truth and supports creating 360° customer views.
Unified product and customer information management can help you resolve the complexity of your data and ensure that your products are described correctly with the right attributions.
Stibo Systems MDM can facilitate the management of attributes that are important for regulating authorities, such as:
This will provide you with the crucial transparency in your data and improve your ability to automate compliance reporting.
Streamlining your reporting with MDM can free time for more profitable activities.
Global standards and classifications such as GS1, ETIM and eCl@ss make trading and the exchange of product information easier. Non-compliance with these standards can even entail penalties and additional costs.
The compliance demands imposed by your business partners are meant to enhance collaboration. However, they need high-quality data from a reliable source. Curating data manually by an extended use of spreadsheets is not sustainable.
Stibo Systems MDM provides the APIs and the controls to ensure that your product data is fit for compliance and easy to share.
MDM even synchronizes your data to match any format needed for consumption by all applications within the supply chain. This includes local standards set by specific retailers.
Companies that apply automated data mapping and transformation to achieve compliance can save up to 90% manual work, reduce the error rate significantly and become a most valued business partner.
We are completely satisfied with our experience with Stibo Systems MDM. Our aim was to set up a in house managed services for Product Information Management using MDM processes to provide solution to our existing and new customers. So far we had a pretty great journey with Stibo and they have helped us all the way. Another added advantage we had that it supports various platforms collaborations along with support for various eCommerce standards like ETIM."– Manufacturer, submitted April 14, 2020
Normalize data according to standards (e.g., GS1, ETIM) and automate the process to simplify trading and drive supply chain efficiency. Learn more about solve compliance issues in CPG.
IDMP, UDI or MDR... master data management ensures mission critical data is fit for compliance and ready to play an active role in supporting your competitive advantage. Learn more about MDM for life sciences.
The wealth of data about your customers and the products and services they use requires a mature master data management approach to ensure compliance with complex data regulations. Learn more about using MDM in telecom.