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Business Case

  • Data Migration Augmenting Value through Material Data Quality Initiative

    Data migration, as a part and parcel of data management, is getting a lot of attention because organizations are looking to consolidate, grow, and expand all across the world.
    This necessitates the transfer of data from legacy systems which have been handling and storing data for decades to single (sometimes multiple) instances of a new system (generally an ERP such as SAP).However, a recent Gartner/Standish group study found 67% of data migration projects suffer from implementation delays.
    This white paper tries to provide a deeper look at data migration in general, its importance, the problems associated with it, and how an effective data quality initiative can help you solve them.Read this Whitepaper to learn Why many data migration projects suffer delays and run over budget.

  • Solution Brochure

    Successful master data consolidation is still a distant dream for many global enterprises. This problem has arisen due to rapid business expansion without much emphasis on progressive master data consolidation. Till date, enterprises have either invested their in-house resources or opted for traditional manual-intensive content enrichment to cleanse their data.
    But this has often resulted in huge cost and time overruns while recording a poor data quality. The need of the hour is a solution that ensures quick turnaround of data at a lower total cost without compromising on the data quality i.e. a faster, cheaper and better solution.

  • Business Case

    Business initiatives such as ERP system consolidation, enterprise spend management, total productivity management (TPM) and improving overall equipment efficiency (OEE) have one thing in common. That is dependency on a clean, classified and attribute enriched master data. Master data that is wrongly classified can result in:

    • Increased inventory & procurement costs
    • Decreased plant & equipment availability
    • Payment & taxation related errors/frauds

    To prevent such a system collapse, it is essential to consolidate, rationalize/normalize and enrich material master data that can be transformed into a source of competitive strength for these enterprises.

    Enriched Item Master = Efficient Enterprise

  • Harmonized Tariff Schedule
    Verdantis & Harmonized Tariff Schedule (HTS)

    Verdantis, a leading provider of Master Data Management (MDM) solutions, now offers Harmonized Tariff Schedule or HTS classification as a part of its offerings. The growing world trade has changed the market dynamics over the last decade. This has necessitated the need for a distinct classification system to facilitate trade from the customs point of view.

    Verdantis domain experts map HTS as per specific trade data requirement of customers. This impacts the supply-chain of an organization by reducing shipment delays and improving the turnaround time. In other words, this unique value-add can help improve supply chain efficiency.

    Verdantis offers the best solution suite to meet the Master Data Management requirements of Global 2000 organizations. Its MDM solution suite can classify data size ranging from 10,000 SKUs to over a million SKUs.

    The United States has put in place the HTS, which is based on the Harmonized Classification system for imported goods.

    Highlights of Harmonized Tariff Schedule:

    • HTS consists of a hierarchy for all goods in trade
    • It determines the import duty applicable for a given item
    • HTS clarifies any restrictions & regulations on the trade of a commodity
    • The hierarchy consists of 8-10 digit codes starting with a 4-digit heading

    Based on Artificial Intelligence technology, Verdantis solutions improve the consistency and accuracy of the master data.

    Verdantis Harmonize and HTS classification – An automated solution, it cleanses, enriches and harmonizes historical data. Verdantis Harmonize has the ability to handle large volumes of data recorded in multiple languages

    Verdantis Integrity and HTS classification – This is a real-time software application that maintains the quality of data on an on-going basis. It prevents duplication at source besides offering a unique attribute-based search option.

  • Export Control Classification Number
    Verdantis & Export Control Classification Number (ECCN)

    Verdantis has been a frontrunner in offering class-defining Automated Master Data Management solutions to address customer requirements. As part of its efforts to provide the best value proposition, Verdantis now offers Export Control Classification Number or ECCN classification as a part of its MDM solution suite.

    Verdantis offers the best solution suite to meet the Master Data Management requirements of Global 2000 organizations. Its MDM solution suite can classify data size ranging from 10,000 SKUs to over a million SKUs.

    The ever increasing cross-border trade of a diverse range of products has necessitated the need of a distinct classification in order to monitor and control the export activities. In this regard the United States has put the ECCN classification in place.

    Highlights of Export Control Classification Number :

    • This is an alpha numeric classification system
    • It identifies the level of control for items exported from the US
    • ECCN determines the license requirements for a specific transaction

    Based on Artificial Intelligence technology, Verdantis solutions improve the consistency and accuracy of the master data.

    Verdantis Harmonize and HTS classification – An automated solution, it cleanses, enriches and harmonizes historical data. Verdantis Harmonize has the ability to handle large volumes of data recorded in multiple languages

    Verdantis Integrity and HTS classification – This is a real-time software application that maintains the quality of data on an on-going basis. It prevents duplication at source besides offering a unique attribute-based search option.

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