Powered by Data Quality Management & Data Governance The domino effect from inaccurate data: Inaccurate decision-making over and over and over and over again. Find the cure with Master Data Management “In an ideal world, there would be a single place where all common master data in an organization is stored and managed. The data would be accurate, consistent, and maintained in a coherent and secure manner. All updates would take place against this single copy of master data, and all of the different users of master data would interact with this single authoritative source of information,” so writes IBM on the management of core business data. MDM: The Key to Everything Else We all know that the real world is far from being ideal, but when it comes to our clients data, Wincere is pretty darn close to perfecting ideal information systems that make decision-making right on the money. Master data management has always been a specialty area at Wincere, one we’ve been continually perfecting over the decades. We see MDM as the key to nearly everything else, so it’s well worth the effort that we put in to it. Every organization has a core set of business information about its customers, suppliers, products, and accounts as well as the relationships between them. In many respects this core information is the entire business. However, statistics have amply shown that in over 80% of all businesses, their data is inaccurate, and many times it has been found to be very inaccurate. Since curing bad data directly affects the bottom line, many companies are desperate for ways to relieve their data dilemma. Enter, Master Data Management (MDM). Quality & Governance Wincer offers the development and implementation of MDM Systems to improve the quality of master data and to provide for the consistent, managed use of this information across applications, systems and databases, multiple business processes, functional areas, organizations, geographies, and channels. It’s an all-inclusive data core covering customers, employees, vendors and suppliers, parts, products, services, locations, contact mechanisms, profiles, accounting items, and contracts. At Wincere, it all begins with data quality: managing data quality by instituting accountability and responsibility for data through stewardship of the data, and by installing tools, processes and metadata to define, monitor and measure quality. Critical to the entire MDM process is data governance, i.e. the processes, policies, standards, organization, and technologies required to manage and ensure the availability, accessibility, quality, consistency and security of information. We apply process-centric applications for consistent definition, authorization and replication of master data; and for accountability, we implement an audit trail of when, why, and by whom master data has been changed. It may not be an ideal world, but, with your data managed by a Wincere-designed MDM System, chances are your data won’t mind at all.