Master Data Management
Improve operational efficiency, data quality, and decision-making with adaptable MDM solution
What is Master Data Management
Many companies today rely on hundreds of separate applications and systems, for example ERP, CRM, where data can be fragmented, duplicated and outdated. When this happens, it becomes difficult to answer even the most basic but critical questions about any kind of Key Performance Indicators.
Getting answers to basic questions like
- Who are our most profitable customers?
- Which products have the best margins?
- How many employees do we have?
...can be difficult – especially if you require accuracy.
Basically, the need for accurate, timely information is essential. But while sources of data increase, managing the data and aligning data definitions with the rest of the organization is a never-ending challenge.
To meet this challenge, businesses turn to Master Data Management (MDM).
Replace your excel with efficient Master Data Management solution
Innofactor GRID is a comprehensive MDM SaaS solution that offers several benefits thanks to its versitile capabilities. It is designed to be adaptable and can be customized to meet the specific needs of your organization, including asset-, product-, and supplier data management. We have also customers using GRID for bonus calculations.
In addition to providing the technical functionality for e.g. integrations, calculations, etc. GRID provides a "UI platform" that supports collaboration on master data across the organization and thus enables engagement and ownership of master data out to the business where it belongs. GRID can help to achieve improved operational efficiency while ensuring data governance- and and privacy needs.
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