Master data has a pivotal role in any business success. It is the cornerstone of all business operations. Businesses can ensure data accuracy, integrity, and consistency across all their systems through centralized master data. It also facilitates outstanding customer experience and efficient decision-making, regulatory compliance, driving competitive advantage and organizational growth.
That’s why many businesses of all verticals have been realizing the prominence of Master Data Management.
Master data includes all the information related to products, materials, customers, services, vendors, employees, assets, suppliers, partners, locations, accounts, references, etc. This master file consolidates vital information into a single location where businesses can obtain a thorough overview of all the information about their organization, including supplier, product, and customer data. In other words, creating a single master record for each entity is known as master data management. And, it is the cornerstone for well-informed decision-making.
MDM offers myriad benefits for businesses of all verticals. To name a few:
In MDM, all master data will be centralized and stored in a single record. As all the data is unified under one roof, anyone in the organization can access the data from anywhere. This leads to streamlined business processes, seamless data integration, increased productivity, and improved agility.
Due to data centralization and implementation of impeccable data governance practices, businesses can obtain high-quality data without inconsistencies, redundancies, duplicates, or silos and enhance data integrity.
By integrating all the business processes and relevant resources into a single and integrated master data platform, organizations can manage resources more quickly and affordably while handling ever-growing amounts of data.
Effective master data management enables organizations to comply with regulatory obligations, eliminate the risk of inaccuracies and data breaches, and maintain data privacy and security standards.
Organizations can access accurate and up-to-date master data to make wise business decisions in everything from change request management to marketing campaign delivery. It results in increased operational efficiency, enhanced customer experience, and improved brand loyalty.
Thankfully, technological developments have made it possible for creative solutions to meet the challenges involved with traditional master data management (MDM). For companies wishing to consolidate and maximize their master data assets, PiLog's Cloud Master Data Management Solutions are a standout among these options since they are reliable and comprehensive.
Centralize, Govern, and Leverage Data is the funda for PiLog Group, a leading cloud-based master data management solutions provider. We empower businesses of all verticals to utilize the full potential of data. With a track record of accomplishments and a dedication to innovation, PiLog Group is well-positioned to support companies as they pursue data-driven excellence.
You can view PiLog’s MDRM tool’s top position in the Data Quadrant-April 2024 in master data management category accoloded by SoftwareReviews.
No complexity in using this tool as it is simple and has seamless navigation. And the data can be accessed by anyone and from anywhere.
PiLog Preferred Records (PPR) is an add-on of data management services and is used for storing all master data records including product information, customer information, supplier details, vendor details, assets, location, materials, services, employees, etc. It eliminates data silos and maintains consistency across all systems, allowing seamless integration.
Every master record has advanced search filters such as Smart Search, Dictionary & Classification Search, Category Search (industry, category, UNSPSC), Parametric Search, and PiLog Repository Search. After entering the keywords in the search box, businesses can view comprehensive details of the search results that can be printed, mailed, or saved.
Businesses can integrate PiLog’s MDM Cloud with their applications and existing systems for successful data management. Various enterprise systems such as ERP, CRM, SAP, ORACLE, etc. will be integrated with PiLog’s MDRM tool, ensuring data consistency and interoperability across the IT landscape of organizations.
With integrated data quality and governance capabilities, PiLog's solutions enable enterprises to establish and implement data standards, policies, and procedures. So, it ensures data accuracy, consistency, integrity, and compliance, eliminating data inconsistencies and errors.
Because PiLog's Cloud MDM Solutions are based on flexible and scalable cloud infrastructure, businesses may expand their master data management capabilities as needed to meet changing business demands. Regardless of the size of the datasets being managed or the volume of data being handled, PiLog provides the scalability and agility required to enable business growth.
PiLog's solutions not only manage master data but also include powerful analytics and reporting features that help businesses extract meaningful insights from their data. It enables organizations to ensure compliance, monitor data, optimize performance, and gain actionable insights into their master data assets.
All maintenance and upgrades are handled by the dedicated professionals at PiLog. Thus, it reduces the burden on the internal IT teams of organizations.
PiLog MDRM licensing is based on a per-user or per-seat model. Businesses can avail of its add-ons by purchasing them separately.
Managing data can be a daunting task, especially for growing businesses as the volume of their enterprise data will increase. So, businesses must manage their critical data to have a single point of reference. For this, cloud data management solutions are essential. It provides agile, centralized, and scalable data management across distributed cloud environments.
What are you waiting for?. Leverage PiLog’s cloud MDM solutions to harness the power of your data assets and drive success in the competitive business landscape. Contact us today to learn more about how we can help transform your data management initiatives and drive business value.
